Sable Offshore Corp.

Sable Offshore Corp. was originally incorporated on October 16, 2020, as a blank check company named Flame Acquisition Corp. Its purpose was to effect a business combination with one or more businesses or entities. On March 1, 2021, Flame completed an initial public offering, and its securities began trading on the New York Stock Exchange. On November 2, 2022, Flame entered into a Merger Agreement. Legacy Sable, a Texas corporation, entered into a Purchase and Sale Agreement on November 1, 2022, with Exxon Mobil Corporation and Mobil Pacific Pipeline Company. Under this agreement, Legacy Sable agreed to acquire certain assets constituting the Santa Ynez field in Federal waters offshore California and associated onshore processing and pipeline assets, referred to as the SYU Assets. On February 14, 2024, Sable completed the mergers and related transactions contemplated by the Merger Agreement, after which Flame was renamed "Sable Offshore Corp." On the same date, immediately after the closing, Sable purchased the SYU Assets, with an effective date of January 1, 2022.