Sable Offshore (SOC) on Friday disputed certain inaccuracies in a report by investment firm Hunterbrook regarding its accounts payable, ownership and bonding requirements with ExxonMobil (XOM).

The company clarified that its accounts payable as of September 30, was approximately $53 million, not the $163 million cited in Hunterbrook's report.

Sable also confirmed that Pilgrim Global Entities' substantial ownership remains consistent with its regulatory filings.

Regarding bonding obligations, Sable labelled Hunterbrook's claim that the company "must now post a $350 million bond" as misleading.

It clarified that the amount originates from a 2022 Purchase and Sale Agreement with Exxon and has been disclosed in multiple filings.

The company added that it has the liquidity required to pursue its goals, including a planned debt refinancing in the first quarter of 2026, supported by a successful private placement of shares.

Shares of Sable were up nearly 10% in recent after-market hours activity.