Greenland Energy Company taps Desgagnés for Arctic mobilization for Jameson Basin drilling

February 23, 2026 – The Greenland Energy Company merger with Pelican Acquisition Corporation (NASDAQ: PELI) took a major operational step forward today with the announcement of a strategic logistics agreement with Desgagnés, a Quebec based maritime group specializing in Arctic operations.

It’s a huge next step securing the actual vessels and beach landing infrastructure required to move drilling equipment into the Jameson Land Basin for a two well exploration campaign planned for H2 2026.

Desgagnés operates a modern fleet of ice class vessels and has deep Arctic operational experience including long standing partnerships with Indigenous communities across the Canadian Arctic. The agreement also includes coordination with Royal Arctic Line, Greenland’s state owned shipping company and exclusive license holder for maritime transport in Greenland.

The Desgagnés / Royal Arctic Line Relationship

The operational window for moving heavy equipment by sea into East Greenland is narrow, constrained by ice conditions, weather, and the realities of beach landings in locations with no port infrastructure. Missing that window means delays measured in months, not weeks.

Robert Price, CEO of March GL and incoming CEO of Greenland Energy Company, framed it directly in the press release: “Reliable Arctic logistics are the backbone of execution in this region. We are moving from planning to action.” This means the company is committing to the 2026 drilling timeline in a way that can be tracked and verified.

Royal Arctic Line is the state owned logistics authority with an exclusive license for maritime transport to, from, and within Greenland. Any major industrial project moving equipment into Greenland by sea has to work within that framework.

The press release explicitly states that Desgagnés’ beach landing services are “designed to complement Royal Arctic Line’s essential sealift services and operate within RAL’s national logistics framework.” It reinforces that Greenland Energy Company is not bypassing the national logistics structure it is working *within* it, which matters for regulatory and community relationships.

Louis-Marie Beaulieu, Chairman of the Board and CEO of Desgagnés, emphasized the cultural and operational dimension in the announcement: “Operating in the Arctic requires deep respect for the region’s population, environment, and its technical complexity. Our collaboration with the Greenland Energy Company team reflects a shared commitment to safety and the long-term prosperity of northern communities.”

What This Means for the Jameson Basin Project

The Jameson Land Basin project is a two well exploration campaign designed to delineate the sedimentary structure and energy potential of one of the Arctic’s most under explored oil basins.

The logistics agreement announced today is the operational infrastructure that makes the drilling campaign credible. Without the vessels, the beach landing capacity, and the coordination with Royal Arctic Line, the project timeline stays in the realm of aspiration. With this agreement in place, it moves into the category of executable.

The next milestone to watch is the shareholder vote on the Pelican merger and the formal NASDAQ listing under $GLND. After that, the focus shifts entirely to drilling operations and whether the company can execute on the 2026 timeline it has now publicly committed to.

Greenland Energy provides independent analysis of Greenland’s energy landscape, critical minerals development, and Arctic geopolitics. For corrections or feedback: press@greenlandenergy.com