Core Viewpoint - Suncor Energy has announced a new 3-year improvement plan, increasing its annual share repurchases by over 20% to a revised projection of $4 billion for 2026 [1]. Group 1: Investor Day Highlights - The Investor Day presentation is available for live webcast and future viewing on Suncor's website [2]. - Suncor has filed a report disclosing its contingent resources, accessible on various platforms including SEDAR and SEC [2]. Group 2: Company Overview - Suncor Energy is recognized as Canada's leading integrated energy company, with operations covering the entire energy value chain, including oil sands mining, upgrading, offshore production, and petroleum refining [3]. - The company emphasizes safety, operational excellence, and profitability, aiming to deliver industry-leading performance and long-term shareholder value [3]. Group 3: Financial Projections and Goals - Suncor projects a $2 billion increase in normalized free funds flow by 2028 [8]. - The company aims for a US$5 per barrel reduction in corporate WTI breakeven to US$38 per barrel by 2028 [8]. - An increase of 100,000 barrels per day in upstream production is targeted by 2028 [8]. - Suncor plans a 10% increase in refining network nameplate capacity to 511,000 barrels per day [8]. - The company anticipates an 11 billion barrel increase in contingent resources, totaling 30 billion barrels with no exploration risk [8]. - Future production capacity is projected at 400,000 barrels per day, with an average cost of $30,000 per flowing barrel [8].

Santa Ynez Unit (SYU) Asset Overview - SYU is a massive oil-weighted resource with three offshore platforms and wholly-owned onshore production treatment facilities[7] - SYU produced at a rate of 45,000 BOE/D at shut-in in 2015 and restarted production on May 15, 2025[7] - The asset has a significant production history, with over 671 MMBoe produced between 1981 and 2014[24] - The remaining total net estimated contingent resources are 646 MMBoe[22] Operational Plans and Options - Sable is pursuing two options to extract value from SYU: purchasing an Offshore Storage and Treating Vessel (OS&T) or utilizing the Las Flores Canyon and Pipeline System[14] - Option 1 (OS&T) is estimated to require approximately $450 million in capital[32] - Option 1 (OS&T) is projected to achieve cost savings of approximately $10/BOE relative to Option 2, potentially saving over $175 million annually assuming 50 MBOE/D of net production[56] - Option 2 (Pipeline) could potentially increase California domestic crude supply by approximately 15%[32] Financial Guidance and Projections - Under the OS&T option, Sable projects net average daily production of 45,000-55,000 BOE/D by Q1 2027[56] - Under the Pipeline option, Sable projects net average daily production of 45,000-55,000 BOE/D by Q1 2026[56] - Total Capex for Option 1 (OS&T) in FY2026 is estimated to be $425-$475 million[56] - Total Capex for Option 2 (Pipeline) in FY2026 is estimated to be $240-$270 million[56]

Table of Contents As filed with the Securities and Exchange Commission on February 14, 2024. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Sable Offshore Corp. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 1311 85-3514078 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 70 ...

Table of Contents Registration No. 333- As filed with the Securities and Exchange Commission on February 14, 2024. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Sable Offshore Corp. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 1311 85-3514078 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 70 ...