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Sable Offshore Corp (SOC) investor relations material
Sable Offshore Corp Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Formed through a business combination and asset acquisition, focusing on offshore oil and gas production in California federal waters, with significant infrastructure including three offshore platforms and an onshore processing facility.
Holds 16 federal leases across 76,000 acres, with 100% working interest and 83.6% net revenue interest, servicing 112 wells and identifying over 100 additional drilling opportunities.
Pursuing an offshore storage and treating vessel (OS&T) strategy to access domestic and global markets, with regulatory submissions and vessel acquisition planned for 2026.
Common stock is listed on the NYSE under the symbol "SOC."
Financial performance and metrics
Qualifies as an emerging growth company with less than $1.235 billion in revenue in the last fiscal year, allowing for reduced reporting requirements.
Financial statements for 2024 audited with an unqualified opinion, but with a going concern explanatory paragraph.
Use of proceeds and capital allocation
Will not receive any proceeds from the resale of shares by selling holders; all proceeds go to the selling holders.
Company bears registration and listing costs, while selling holders pay commissions and related sale expenses.
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