Ownership Update

Tamboran Resources Corporation has completed its acquisition of Falcon Oil & Gas Australia Limited

Tamboran Resources Corporation (ASX: TBN; NYSE: TBN) has completed a transaction under which it now holds approximately 98.1% of the issued shares of Falcon Oil & Gas Australia Limited (“Falcon Australia”), acquired from Falcon Oil & Gas Ltd. pursuant to a court-approved plan of arrangement.

For further information regarding this transaction, Falcon Australia’s operations, or Tamboran’s Beetaloo Basin portfolio, please contact Tamboran Resources Corporation directly using the Media Inquiries or Investor Relations details below.

About Falcon Australia 

Falcon Oil & Gas Australia Limited (“Falcon Australia”) is engaged in the exploration and development of conventional and unconventional oil and gas resources in the Beetaloo Sub-basin, Northern Territory, Australia. Following completion of the transaction described above, Falcon Australia now operates as a subsidiary of Tamboran Resources Corporation, joining Tamboran’s existing Beetaloo Basin acreage position.

Minority shareholders of Falcon Australia should note that Tamboran has committed to undertake a compulsory acquisition of remaining Falcon Australia shares not already held, at a price no less than the consideration paid in connection with this transaction, in accordance with applicable Australian corporations law requirements.

Where to Direct Enquiries

All media, investor, and general enquiries relating to Falcon Australia, this transaction, or the combined Beetaloo Basin business should be directed to Tamboran Resources Corporation using the contact details below.

Tamboran Resources Corporation — Contacts

Tamboran Resources Corporation, Tower One, International Towers, Suite 1, Level 39, 100 Barangaroo Avenue, Barangaroo NSW 2000, Australia.