Falcon Oil & Gas Ltd. - Further Update on Transaction with Tamboran

Core Viewpoint - Falcon Oil & Gas Ltd. is providing an update on its transaction with Tamboran Resources Corporation, which is still pending final court approval and other conditions for completion [2][3]. Transaction Update - The transaction was approved by Falcon's shareholders on 11 March 2026 and is subject to several conditions outlined in the arrangement agreement dated 30 September 2025 [2][3]. - The Supreme Court of British Columbia is expected to hear the case on 26 March 2026, after delays due to court backlogs [3][5]. - Key conditions for the transaction include court approval, authorization for listing on the New York Stock Exchange, absence of prohibitive laws, no material adverse changes to either company, and other standard closing conditions [4][5]. Completion Timeline - Falcon anticipates that the transaction could be completed shortly after the court hearing on 26 March 2026, but there is uncertainty regarding the timely acquisition of the Final Order [5]. - If the transaction is not completed by 30 March 2026, either party may terminate the arrangement agreement [5].