Pelican Acquisition Corp.
10/24/2025 | Press release | Distributed by Public on 10/24/2025 14:46
Digital Report Notification (Form 8-K)
Digital Report Notification
This report has been prepared in a fully digital, auditable, and legally compliant format using a PDF/A standard (ISO 19005-1, 2 or 3).
Sproule ERCE professionals have also signed the report using independently verifiable digital signatures for authentication purposes. For more information regarding digital reports, digital signatures, and their verification, please visit Sproule ERCE Digital Signatures.
| Prepared For | March GL Company | |
| Project Number | 37008.116258 | |
| Distribution | March GL Company | |
| Summary Volume | (Digital copy) | |
| Property Volume | (Digital copy) | |
| Sproule ERCE | (Full digital copy retained) | |
| Editor | SMS | |
This document is strictly confidential and solely for the recipient's use and may not be reproduced or circulated without Sproule ERCE's prior written consent. If you are not the intended recipient, you may not disclose or use the information in this documentation in any way.
| 116258 Evaluation of the Prospective Resources of the March GL Greenland License | 0 |
Table of Contents
| 1. | Certification | 7 | ||||
| 2. | Background | 14 | ||||
| 3. | Geological Setting | 17 | ||||
| 3.1 | Basin Formation | 17 | ||||
| 3.2 | Stratigraphy | 17 | ||||
| 4. | Petroleum System | 19 | ||||
| 4.1 | Primary Source Rocks | 19 | ||||
| 4.1.1 | Ravnefjeld Formation (Upper Permian): | 19 | ||||
| 4.1.2 | Hareelv Formation (Upper Jurassic): | 19 | ||||
| 4.2 | Secondary Source Rocks | 19 | ||||
| 4.2.1 | Other Potential Sources: | 20 | ||||
| 4.3 | Primary Reservoir Rocks | 20 | ||||
| 4.3.1 | Wegener Halvo Formation [P] (Upper Permian Carbonates): | 20 | ||||
| 4.3.2 | Wordie Creek Formation [WCC] & Gipsdalen [G] (Upper Permian to Lower Triassic Sandstones): | 20 | ||||
| 4.3.3 | Kap Stewart Formation [KS] (Lower Jurassic): | 20 | ||||
| 4.3.4 | Neill Klinter [NK], Vardekloft [V], and Upper Jurassic Formations: | 21 | ||||
| 4.4 | Secondary Reservoir Rocks | 21 | ||||
| 4.5 | Seal Rocks | 21 | ||||
| 5. | Known Prospects Types with Updated Assessment | 22 | ||||
| 5.1 | Permian Carbonate Buildups (Wegener Halvo) and Associated Plays: | 22 | ||||
| 5.2 | Triassic Incised Channels and Fluvial Sandstone Leads: | 22 | ||||
| 5.3 | Jurassic Shelf and Deltaic Sandstone Plays: | 22 | ||||
| 6. | Play Summary Table | 23 | ||||
| 7. | Background Activity | 24 | ||||
| 8. | Volumetrics | 24 | ||||
| 9. | March GL Proposed Drilling Program | 25 | ||||
| 116258 Evaluation of the Prospective Resources of the March GL Greenland License | 1 |
| 10. | Risking | 26 | ||||
| 10.1 | Risk of Discovery | 26 | ||||
| 10.2 | Risk of Development | 28 | ||||
| 11. | Conclusions and Remarks | 29 | ||||
| 11.1 | Cautionary Statement on Exploration Activities | 29 | ||||
| 11.2 | ||||||
Pelican Acquisition Corp. published this content on October 24, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 24, 2025 at 20:46 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]