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

Core Viewpoint - Falcon Oil & Gas Ltd. has provided an update on its transaction with Tamboran Resources Corporation, which has received shareholder approval and is now awaiting final court approval [2][3]. Group 1: Transaction Details - The transaction between Falcon and Tamboran was approved by shareholders on March 11, 2026, and is governed by an arrangement agreement dated September 30, 2025 [2]. - The Supreme Court of British Columbia approved the final order for the transaction on March 26, 2026, with certain amendments required for the treatment of Falcon shareholders subject to sanctions [3]. - Falcon and Tamboran are currently assessing the necessary amendments to the plan of arrangement and their implications for the transaction's implementation [4]. Group 2: Next Steps - The closing of the transaction is contingent upon meeting the conditions outlined in the arrangement agreement, and both companies plan to extend the outside date to allow more time for these conditions to be satisfied [4]. - Further updates regarding the transaction will be provided as they become available [4]. Group 3: Company Overview - Falcon Oil & Gas Ltd. is an international oil and gas company focused on the exploration and development of unconventional oil and gas assets, with operations in Australia, South Africa, and Hungary [8].