Callan JMB unit to buy 50% stake in North Dakota, Montana oil and gas assets for $12.5 million cash

• Callan JMB entered an agreement to buy a 50% interest in oil and gas leases and wells in North Dakota, Montana.
• Cash purchase price set at USD 12.5 million, payable at closing.
• Buyer to place USD 1 million in escrow at closing to cover drilling and completion costs incurred before closing.
• Closing targeted on or before Sept. 30, 2026, subject to due diligence, financing, regulatory clearances, other customary conditions.
• Buyer can walk away if financing fails, due diligence disappoints, a material adverse change occurs, or approvals are not obtained.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Callan JMB Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-040838), on August 31, 2026, and is solely responsible for the information contained therein.