Liquidity And Financial FlexibilityThe raise will boost liquidity, bridging the gap from production to initial cash inflows, and improve the company’s options as they prepare to refinance debt.
Production And Operational PerformanceSOC guides to materially higher production rates than anticipated, raising 2H guidance by 100% towards rates that were not modeled until 1H27.
Production Restart And Future OutlookSOC successfully restarted production from the Harmony platform offshore CA, flowing into Las Flores Canyon ahead of anticipated pipeline restart.