Falcon Oil & Gas Ltd (“Falcon”)

Approval granted by Northern Territory Government for the Beneficial Use of Gas agreement

02 September 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that approval has been secured by Falcon Oil & Gas Australia Limited’s (“ Falcon Australia ”) joint venture partner Tamboran (B2) Pty Limited (collectively the “ BJV partners ”) from the Northern Territory Government (“ NTG ”) for the Beneficial Use of Gas agreement (“ Agreement ”). This approval allows for the sale of appraisal gas from the Shenandoah South Pilot Project.

Points to note:

The NTG approval allows the BJV partners to sell appraisal gas from EP98 in the Beetaloo sub-basin under the Beneficial Use of Gas (“ BUG ”) legislation.

This is the first approval gran

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