Sable Offshore falls as refinery outage stalls crude sales, pressures cash flow

By Reuters News

** Shares of oil and gas producer Sable Offshore SOC.N fall 9.3% to $1.75 premarket

** SOC said it is looking at options to resolve near-term working capital constraints caused by the downstream purchaser disruption

** Says evaluating selling crude oil currently held in inventory via a bulk sale agreement

** Adds crude oil sales halted by sole downstream crude purchaser in early October due to maintenance and upgrades to storage tanks at their refinery

** Co's net loss widened to $269.3 million, compared to $110.4 million a year ago

** As of last close, stock down 78.6% YTD

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