Sable Offshore loses tentative ruling in California Coastal Commission suit; plans appeal

Sable Offshore Corp.

Santa Barbara Superior Court tentative ruling denies Sable's claims against the Coastal Commission.
Sable intends to appeal if ruling is adopted; hearing scheduled for Oct 15, 2025.
Company says ruling has no impact on resuming pipeline operations or OS&T strategy.
Sable is seeking damages of approx. $347M for cease-and-desist orders during anomaly repair.
CEO warns California's energy policy threatens refineries and state bondholders.

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