Falcon Oil & Gas Updates on Tamboran Transaction Approval

Falcon Oil & Gas Ltd. announces an update on the transaction with Tamboran Resources Corporation, which remains subject to approval by the Supreme Court of British Columbia. The hearing has been delayed and is now expected on March 26, 2026. The completion of the transaction depends on several conditions, including court approval and listing of Tamboran's common stock on the New York Stock Exchange. If the transaction is not completed by March 30, 2026, either party may terminate the arrangement agreement.