On February 12, 2025, the Santa Barbara County Planning and Development Department (the “County”) delivered a letter to Sable Offshore Corp. (“Sable”) confirming that certain pipeline repair work on the Las Flores Pipeline System (the “Pipeline”) is “authorized by the existing permits (Final Development Plan, Major Conditional Use Permit, and associated Coastal Development Permits) and was analyzed in the prior Environmental Impact Report/Environmental Impact Statement (EIR/EIS).” The letter states in part that “[t]he County previously exercised its authority under its Local Coastal Program and delegated Coastal Act authority in approving the permits and the requested anomaly repair work is within the scope of those approved permits.” $SOC

@GringoInvesting @Ultradeep3 $RIG backlog of booked in fixtures.

@xanadualpha @Seawolfcap @dmoses34 @VD718 We're in a news vacuum, until there's news its mostly just speculation.

@peterfrorer Thanks for sharing. $soc

@JasonStrom84409 @Patriot____1776 @KibbleBob1212 the “war” tweet and delete, now this. Dont think genuine holders need smoke and mirrors, better to say something or nothing …but I guess its working for your options account.

@JasonStrom84409 Jason you dont make posts like '$soc - War!' creating some retail panic and then celebrate buying their shares, not cool.

@Homervshomer @JasonStrom84409 Are you are still short from here? I get its California, I get its O&G but at this point (I am in Scotland looking in) it looks such a bad short risk/reward from here post Trump & fires, fascinating if you are.

@CorneliaLake @ttril22 However all views and opinions are still appreciated, so please keep sharing.

RT @danbarker: A tough job for Wolves fans to come up with a song for this guy.

@GaryNTrader Labour open border relaxation by Tony Blair in 2004, doesnt mention since recent election.

@SPACLiquidity New faq added $soc

@newmork @SPACLiquidity

@SPACLiquidity @newmork And #6 Start up plan already submitted by Sable ready in advance.

@Jedi_ant Hamburg

@KevinCarraher17 @100xCompounding @JasonStrom84409 Sable did keep going iirc after the first contact c&d for a bit, possibly to finish the valves, the withdrawal of lawsuit seems the biggest positive signal/signpost here.

@danbarker That and Chocky’s Children are a blast from my childhood.

RT @MattCartoonist: 'Expect freezing temperatures across the UK. BBC Verify says fewer than 500 people will be affected' My latest cartoon…

@BeenThereCap Just pipe unlock (I think around Dec 1st) as poss headwind, short term.

$SOC Sable Offshore ($23) – high inside ownership (20% Jim Flores) – leverage with Exxon old assets in California, recurring revenue & reserves worth $10b (mcap $2b) –Santa Barbara settled with Sable to avoid a $10b lawsuit, to install safety equipment & restart assets. Coastal Commission put a Cease&Desist thinking they can force permit application for pipeline repairs/delay restart, Sable think they don’t need it for restart but playing nice. Li Lu just bought $31m at $23. Restart and with some improvements could be a $50-$100 share, but can California keep them tied up. Couple of hundred million in cash and company still saying oil flows by this year end.