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Other than given as below, as of the date of this report, we are not a party to any material pending legal proceedings,
nor are we aware of any material civil proceeding or government authority contemplating any legal proceeding, and to our
knowledge, no such proceedings by or against us have been threatened. We anticipate that we and our subsidiaries may
from time to time in the future become subject to claims and legal proceedings arising in the ordinary course of business. It
is not feasible to predict the outcome of any such proceedings, and we cannot assure you that their ultimate disposition will
not have a materially adverse effect on our business, financial condition, cash flows or results of operations.
On December 6, 2024, Lock the Gate Alliance Ltd (“Lock the Gate”) lodged an Originating Application in the
Federal Court of Australia seeking an injunction under s475(2) of the Environment Protection and Biodiversity
Conservation Act 1999 (Cth) (“EPBC Act”), to restrain TB1 Operator from conducting the Shenandoah South Pilot Project
and a declaration under s 21 of the Federal Court of Australia Act 1976 (Cth) that the Shenandoah South Pilot Project is an
action which involves unconventional gas development and is likely to have a significant impact on a water resource within
the meaning of ss 24D and 24E of the EPBC Act (the “Originating Application”). The Originating Application was heard
in the Federal Court of Australia from June 23 to June 26, 2025, and August 14, 2025, before Owens J. who reserved
Judgment.