Sable Offshore rises as it expects to restart SYU offshore platforms in Q2

Shares of U.S.-based oil and gas firm Sable Offshore SOC.N rise 6% to $26.89 in extended trading

Company expects to restart production at the Santa Ynez Unit (SYU) offshore platforms off the coast of California in Q2

SOC expects to restart the SYU offshore platforms sequentially, beginning with Harmony, followed by Heritage and then Hondo

Company forecasts 2H25 net average daily production to be in the range of 20,000 barrels of oil equivalent per day (boepd) to 25,000 boepd

SOC forecasts 2H25 total capital expenditure of between $70 million and $90 million

Up to last close, stock up 10.7% YTD