Subsequent Events

3 Months Ended

Sep. 30, 2026

Subsequent Events [Abstract]

Subsequent Events

Note 15 – Subsequent Events

The Group has evaluated its subsequent events occurring after September 30, 2026, through November 12, 2026,

which represents the date these condensed consolidated financial statements were available to be issued. Other than as

described below, no subsequent events have been identified that would require disclosure in these condensed consolidated

financial statements.

Compulsory Acquisition of Falcon Australia Minority Shareholders

On November 10, 2026, the Company funded the required escrow account for the compulsory acquisition of the

remaining Falcon Australia minority shareholders for total cash consideration of A$4.1 million. The cash consideration is

expected to be distributed to the minority shareholders in the second quarter.

H&P Rig Lease Standby

On November 11, 2026, the Group entered into a letter agreement (the “Letter Agreement”) with H&P amending the

Onshore Drilling Contract dated September 9, 2022 for H&P Rig 469 (the “Drilling Contract”). Under the Letter

Agreement, H&P agreed to a reduced standby rate for up to 180 days. This reduced rate starts when the current drilling

campaign ends and lasts until operations resume or 180 days, whichever is earlier. If operations have not resumed after 180

days, the full standby rate under the Drilling Contract applies again. In exchange, the fixed minimum term of the Drilling

Contract will be extended by 1.5 days for each day the reduced standby rate applies.