April 29 (Reuters) - Battalion Oil Corp ( BATL ):

* BATTALION OIL ( BATL )- ON APRIL 26 DETERMINED FURY RESOURCES

FAILED TO

MEET CERTAIN DEADLINES SET FORTH IN AGREEMENT, PLAN OF MERGER,

DATED AS OF DEC 14, 2023

* BATTALION OIL CORP ( BATL ) - ON APRIL 26 FURY RESOURCES, INC

FAILED TO

DELIVER QUALIFYING ADDITIONAL FINANCING DOCUMENTS BY DEADLINE

* BATTALION OIL CORP ( BATL ) - UNDER TERMS OF MERGER AGREEMENT, AS

AMENDED

BY FOURTH AMENDMENT, CO HAS RIGHT TO EXERCISE QAFD TERMINATION

RIGHT

* BATTALION OIL CORP ( BATL ) - BOARD AND SPECIAL COMMITTEE OF BOARD

ARE

EVALUATING COMPANY'S OPTIONS IN LIGHT OF TERMINATION EVENT

* BATTALION OIL CORP ( BATL ) - CONSIDERING RANGE OF OPTIONS,

INCLUDING

POSSIBLE CHANGES TO TERMS OF MERGER AGREEMENT, TERMINATION OF

MERGER AGREEMENT

* BATTALION OIL ( BATL ) - AT THIS TIME, CO HAS NOT TERMINATED MERGER

AGREEMENT BUT HAS RESERVED ALL OF RIGHTS, REMEDIES UNDER MERGER

AGREEMENT, APPLICABLE LAW

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