Falcon Oil & Gas Ltd - Binding Term Sheet for Gas Sales Agreement to supply pilot gas to the Northern Territory Government - Seite 2

About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary.

Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd.

For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com.

About Beetaloo Joint Venture (“BJV”) (EP 76, 98 and 117)

EP 98/117 interests

Company	Interest
Tamboran (B2) Pty Limited	77.5%
Falcon Oil & Gas Australia Limited (Falcon Australia)	22.5%
Total	100.0%

Shenandoah South-1 DSU – 20,480 acres

Company	Interest
Tamboran (B2) Pty Limited	77.5%
Falcon Oil & Gas Australia Limited (Falcon Australia)	22.5%
Total	100.0%

Shenandoah South-2 DSU – 51,200 acres

Company	Interest
Tamboran (B2) Pty Limited	95.0%
Falcon Oil & Gas Australia Limited (Falcon Australia)	5.0%
Total	100.0%

Glossary

BCF	Billion cubic feet
FID	Final investment decision
MCF/D	Thousand cubic feet per day
PJ	PetaJoules
TJ	Terajoule

About Tamboran B2 Pty Limited

Tamboran (B1) Pty Limited is the 100% holder of Tamboran B2 Pty Limited, with Tamboran B1 being a 50:50 joint venture between a subsidiary of Tamboran Resources Limited and Daly Waters Energy, LP.

Tamboran Resources Limited, is a natural gas company listed on the ASX (TBN) and U.S. OTC markets (TBNNY). Tamboran is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO₂ gas resource within the Beetaloo Basin through cutting-edge drilling and completion design technology as well as management’s experience in successfully commercialising unconventional shale in North America.