Sable Offshore (SOC) announced it delivered a letter to the California Office of the State Fire Marshal in response to its October 22 letter to Sable alleging deficiencies in the company’s compliance with State Waivers. “Sable strongly disagrees with the allegations, which are inconsistent with the plain language of the waivers and numerous past discussions with OSFM experts that confirm Sable is in full compliance with the waivers. Sable plans to supplement this initial response and looks forward to quickly resolving this misunderstanding with OSFM,” the company said in a statement. Shares of Sable Offshore are down 5% to $13.29 in premarket trading.
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