(Idea) Sable - The Final Stretch
I broke my promise. I’m writing another Sable Offshore report after I promised my next write-up would be when we exit. In fact, not only did I not hold the promise of not writing another Sable report, but we also reported on two additional share purchases disclosed here and here.
Why am I writing (what I’m hoping to be the) final update?
Because there’s a lot of misinformation out there, and I want to clear it up for everyone.
In this report, I will discuss the following:
Final signature approval from Daniel Berlant, OSFM.
Floating production storage and offloading, FPSO, and why it’s being discussed as an alternative.
Timeline and what this all means.