Tamboran Resources Corporation · NYSE:TBN

Tamboran Resources — Merger or Acquisition (September 2025)

11 slides from Tamboran Resources's merger presentation, Sep 30, 2025

  1. Slide 1: Tamboran to acquire Falcon Oil & Gas Ltd.

    NYSE: TBN, ASX: TBN Tamboran to acquire Falcon Oil & Gas Ltd. | Creating the leading Beetaloo Basin E&P with 2.9 million net prospective acres September 30, 2025

  2. Slide 2: Disclaimer: Forward-Looking Statements

    Disclaimer Forward-Looking Statements Certain statements in this presentation concerning the transaction, including any statements regarding the expected timetable for completing the transaction, the results, effects, benefits and synergies of the transaction, future opportunities for the combined c

  3. Slide 3: Disclaimer: Additional Information and Where You Can Find It

    Disclaimer Communications in this presentation do not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any securities or a solicitation of any vote or approval with respect to the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer

  4. Slide 4: Strategic rationale: leading acreage position across the Beetaloo depocenter

    Tamboran to acquire Falcon Oil & Gas Ltd. Strategic rationale | Building a leading acreage position across the Beetaloo depocenter Consolidates leading Beetaloo depocenter position 1 >50% increase in Tamboran’s Beetaloo Basin acreage to ~2.9 million net prospective acres with >40,000 (gross) pro for

  5. Slide 5: Key terms of the acquisition

    Tamboran to acquire Falcon Oil & Gas Ltd. Key terms of the acquisition ‒ The transaction is to be completed by a Plan of Arrangement (POA) in accordance with the provisions of the Business Corporations Act (British Columbia). Transaction Structure ‒ Under the transaction, Tamboran will acquire Falco

  6. Slide 6: Tamboran to secure dominant acreage position over the Beetaloo depocenter

    Tamboran to secure dominant acreage position over the Beetaloo depocenter >50% increase in net prospective acres Beetaloo depocenter Upon closing of the acquisition Tamboran will hold: − 2.9 million net prospective acres across the Beetaloo Basin depocenter − 52% increase to net prospective acres −

  7. Slide 7: Logical consolidation of two leading Beetaloo Basin businesses

    Logical consolidation of two leading Beetaloo Basin businesses Tamboran shareholders retain 73% of the pro forma business | Pro forma market capitalization of >US$500 million Corporate Structure TBN Falcon Pro Forma Tamboran (%) Falcon (%) Ratio 27% Shares (m shares): 17.8 6.5 24.4 73% 27% 73% 27% M

  8. Slide 8: Pro forma Beetaloo depocenter acreage position

    Pro forma Beetaloo depocenter acreage position ~2.9 million net prospective acres across the Beetaloo depocenter with key partners Daly Waters Energy, LP and Santos Beetaloo Basin Acreage Positions Prospective Acres + Northern Pilot Project Area(1) 20,309 52.5% 10,662 47.5% 9,647 - - Southern Pilot

  9. Slide 9: Building a leading Beetaloo depocenter acreage position

    Building a leading Beetaloo depocenter acreage position Significant acreage position compared to US gas peers | Tamboran becomes largest pure play listed-ASX E&P Net prospective acres compared to US peers Pro forma business would form the fifth largest (million acres)(1) listed-Australian E&P (A$ mi

  10. Slide 10: Indicative timeline

    Tamboran to acquire Falcon Oil & Gas Ltd. Indicative timeline(1) Event Date Arrangement Agreement Arrangement Agreement (“AA”) and related agreements signed September 30, 2025 Drafting and reviewing Falcon and Tamboran proxy circular and related meeting materials October 2025 File Preliminary Proxy

  11. Slide 11: tamboran~

    tamboran~ tamboran © RESOURCES

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