Old high-z galaxies are important tools for understanding the structure formation problem and may become the key to determine the ultimate fate of the Universe. In this paper, the inferred ages of the three oldest galaxies at high redshifts reported in the literature are used to constrain the first epoch of galaxy formation and to reanalyse the high-z time scale crisis. The lower limits on the formation redshift z f depends on the quantity of cold dark matter in the Universe. In particular, if omegam > or = 0.37 these galaxies are not formed in FRW cosmologies with no dark energy. This result is in line with the Supernovae type Ia measurements which suggest that the bulk of energy in the Universe is repulsive and appears like an unknown form of dark energy component. In a complementar analysis, unlike recent claims favoring the end of the age problem, it is shown that the Einstein-de Sitter model is excluded at high-z by 3sigma.