Today, Sable Offshore Corp. ("Sable") provided an update on its ongoing coordination with the California Coastal Commission ("CCC" or "Commission") related to Sable's maintenance and repair work along the existing Pacific Pipeline Company Las Flores Pipelines CA-324 and CA-325. The following statement was issued by Steve Rusch, Vice President of Regulatory & Environmental Affairs at Sable: "Maintenance and repair activities that are exempt from Coastal Act permitting requirements have been conducted on the Las Flores Pipeline system under the pipeline's existing Coastal Development Permits for the last 35+ years, and Sable believes recent work on the pipelines is within the scope of those

Sable Offshore Corp. ("Sable," or the "Company")(NYSE:SOC) today announced its third quarter 2024 financial and operational results. Third Quarter 2024 Financial Highlights Reported a net loss of $255.6 million for the quarter, primarily attributable to a non-cash change in fair value of warrant liabilities related to common share price and warrant price appreciation during the quarter, production restart related operating expenses, and interest expense. Ended the quarter with 78,789,516 shares of Common Stock outstanding after successfully raising $150.0 million in gross equity capital through a private placement of 7,500,000 shares of Common Stock and raising $72.5 million in equi

Sable Offshore Corp. (NYSE:SOC, "Sable", or the "Company")) today announced the results of its previously announced redemption of all of its outstanding publicly held warrants (the "Public Warrants") to purchase shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"). As of November 4, 2024 (the "Redemption Date"), approximately 99.8% of the Company's outstanding Public Warrants were exercised by the holders thereof to purchase fully paid and non-assessable shares of Common Stock at an exercise price of $11.50 per share. As a result, holders of the Public Warrants received an aggregate of 15,957,820 shares of the Company's Common Stock in exchange for $183.5

Pacific Pipeline Company ("PPC"), a wholly owned subsidiary of Sable Offshore Corp., and its predecessors have maintained a cathodic protection and pressure maintenance program on Line 324/325 (previously 901/903) since the pipeline was shut down in 2015. The line was evacuated, cleaned and preserved with inert nitrogen to maintain a corrosion-free state. In accordance with the 2020 Consent Decree — signed by federal agencies including the Department of Justice, the Pipeline Hazardous Materials Safety Administration, and the Environmental Protection Agency, as well as California state agencies, the Department of Fish & Wildlife, Department of Parks and Recreation, State Lands Commission, Of

Sable Offshore Corp. (NYSE:SOC, "Sable", or the "Company"))) today announced that the Company will redeem all of its outstanding warrants (the "Public Warrants") to purchase shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"), that were issued under the Warrant Agreement, dated February 24, 2021 (the "Warrant Agreement"), by and between the Company and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), as warrant agent (the "Warrant Agent"), as part of the units sold in the Company's initial public offering (the "IPO") and that remain outstanding at 5:00 p.m. New York City time on November 4, 2024 (the "Redemption Date") for

Sable Offshore Corp. (NYSE:SOC, "Sable", or the "Company"))) today announced it has entered into subscription agreements to issue 7,500,000 shares of its common stock in a private placement to institutional investors. Sable expects to receive gross proceeds of approximately $150 million, before deducting placement agent fees and other offering expenses. The private placement is expected to close on September 23, 2024, subject to the satisfaction of customary closing conditions. The Company intends to use the proceeds from the private placement for capital expenditures, working capital, and other general corporate purposes. Sable also announced that as of September 18, 2024, it has receive

Sable Offshore Corp. (NYSE:SOC, "Sable, " or the "Company"))) today announced its second quarter 2024 financial and operational results. Second Quarter 2024 Financial Highlights Reported a net loss of $165.4 million for the quarter, primarily attributable to change in fair value of warrant liabilities related to common share price and warrant price appreciation during the quarter, production restart related operating expenses, and share based compensation. Ended the quarter with 64,845,435 shares of Common Stock outstanding, inclusive of 4,679,166 restricted stock awards. Ended the quarter with outstanding debt of $790.4 million, inclusive of paid-in-kind interest and debt issuan

Sable Offshore Corp. (NYSE:SOC, "Sable, " or the "Company"))) today announced its first quarter 2024 financial and operational results and near-term operational plans. First Quarter 2024 Financial Highlights Completed business combination with Flame Acquisition Corp (the "Business Combination"), including the acquisition of the Santa Ynez Unit ("SYU") comprising 16 Outer Continental Shelf leases covering approximately 76,000 acres, associated pipelines, the Las Flores Canyon Processing Facility, export pipelines Line 324 and Line 325 (formerly known as Line 901 and Line 903) and associated pump stations. Raised aggregate PIPE investments of $440.2 million, plus $62.2 million in trus

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Johnson Rice initiated coverage of Sable Offshore Corp. with a rating of Buy and set a new price target of $30.00

BWS Financial initiated coverage of Sable Offshore Corp. with a rating of Sell and set a new price target of $6.00

Jefferies initiated coverage of Sable Offshore Corp. with a rating of Buy and set a new price target of $19.00

The Benchmark Company initiated coverage of Sable Offshore Corp. with a rating of Buy and set a new price target of $24.00

TD Cowen initiated coverage of Sable Offshore Corp. with a rating of Outperform and set a new price target of $20.00