SOC.WS
Sable Offshore Corp.
An independent oil and gas company headquartered in Houston, Sable Offshore works to restart and operate the Santa Ynez Unit, an offshore oil field off the coast of Santa Barbara, California, that ExxonMobil shut down after a 2015 pipeline rupture. It runs three offshore platforms and an onshore processing facility, producing crude oil, natural gas, and natural gas liquids. Founded in 2020 by veteran energy executive James C. Flores, the company went public in 2024 through a merger with a special-purpose acquisition company, Flame Acquisition Corp., which then adopted its name. Though unrelated, its name echoes the Sable Offshore Energy Project off Nova Scotia's Sable Island.
WARRANTUnderlying: SOCCUSIP: 33850F207EnergyUS2 holders
Warrants, each whole warrant exercisable for one share of common stock at an exercise price of 1.50 per share — Formerly FLME.WS; Public warrants redeemed November 2024
Total Value
$22.54M
Total Shares
2.28M
Net Share Change
0
Activity
No changes
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