Texas-based oil-drilling company March GL is set to become Greenland Energy Company following its planned merger with Pelican Acquisition Corp. The deal is part of March GL’s strategy to extract oil from Greenland's Jameson Land basin, taking advantage of the island's significant natural resource deposits. Greenland would receive a share of any profits generated from future oil extraction under the agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pelican Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-000256), on January 13, 2026, and is solely responsible for the information contained therein.