The business combination among Flame Acquisition Corp., Sable Offshore Holdings and Sable Offshore Corp. will be renamed Sable Offshore Corp. (Source: Shutterstock)
Flame Acquisition Corp., Sable Offshore Corp. and Sable Offshore Holdings are combining to create Sable Offshore Corp., the companies announced in a Feb. 13 press release.
Flame’s stockholders approved the business combination among Flame, Sable Offshore Holdings and Sable Offshore Corp. on Feb. 12 following Flame’s special meeting with stockholders. The merger was approved by the requisite number of shares of Flame common stock voted at the meeting.
The merger is expected to close on Feb. 14, and the newly combined company will appear under the NYSE ticker symbol “SOC” beginning Feb. 15, the release stated.
Flame Acquisition Corp. is a blank check company incorporated as a Delaware corporation for the purpose of effecting business combination deals such as a merger, share exchange, asset acquisition, share purchase, or reorganization, according to Flame's website.
Recommended Reading
Understanding the Impact of AI and Machine Learning on Operations
2024-12-24 - Advanced digital technologies are irrevocably changing the oil and gas industry.
Afterthought to Asset: How Data has Transformed Oil, Gas Decision-Making
2024-12-05 - Digital data points have transformed from a byproduct of operations to the main driver of innovation in the energy industry, says Fabricio Sousa, president of Worley Consulting.
2024 E&P Meritorious Engineering Awards for Innovation
2024-11-12 - Hart Energy’s MEA program highlights new products and technologies demonstrating innovations in concept, design and application.
Novel EOR Process Could Save Shale from a Dry Future
2024-12-17 - Shale Ingenuity’s SuperEOR, which has been field tested with positive results, looks to remedy the problem of production declines.
BYOP (Bring Your Own Power): The Great AI Race for Electrons
2025-01-06 - Data-center developers, scrambling to secure 24/7 power, are calling on U.S. producers to meet demand as natgas offers the quickest way to get more electrons into the taps.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.