Highlights

• Tamboran Resources has completed the acquisition of Falcon Oil & Gas Ltd. (Falcon) via the acquisition of its subsidiaries following receipt of final court approval from the Supreme Court of British Columbia.

• Completion of the transaction results in Tamboran holding ~2.8 million net prospective acres, representing the largest acreage position in the Beetaloo Basin depocenter.

• Upon completion of the transaction, Tamboran issued 6,537,503 shares of Common Stock to eligible shareholders of Falcon. Tamboran now has 34,856,412 shares of Common Stock issued including equivalent CHESS Depositary Interests (CDIs) with a pro forma market capitalisation of approximately US$1.2 billion, based on the close of trading on the New York Stock Exchange(NYSE) on Wednesday May 27, 2026.

Tamboran Resources Corporation Chief Executive Officer, Mr. Todd Abbott, said:

“I would like to thank both Falcon and Tamboran shareholders for their strong support and approval of the transaction. This acquisition represents a logical consolidation between the two companies and provides

the combined company with the largest acreage position in the Beetaloo Basin with approximately 2.8

million net prospective acres, which covers the majority of the Beetaloo depocenter.

“Our focus now turns to the 2026 operating program, which is planned to be our most active year of

operations in the Beetaloo Basin, including the drilling of at least four wells and stimulation of at least five.

“Tamboran has commenced the three‑well stimulation program on the SS2 well pad, with the wells

expected to be tied into the Sturt Plateau Compression Facility during the third quarter of 2026. First gas sales from the commissioning of the Pilot Project remain on track for 3Q 2026.”

Source: Tamboran ASX Announcement