Sable Offshore provides update on litigation over Santa Ynez Unit operations

Sable Offshore Corp.

DOJ filed motion on Dec 20, 2024 to remand Haaland lawsuit to BSEE without vacatur to reconsider 2023 extension approval.
If motion granted, Sable's operations on Santa Ynez Unit remain unaffected; Sable will cooperate with government.
Sable notes net estimated contingent resources in Santa Ynez Unit valued over $10 billion.
Sable prepared to pursue legal remedies against any unlawful interference with restarting operations.

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