The 48-year-old man, who was last spotted wearing a pair of blue biker shorts, did not return to shore when he was expected. The Coast Guard posted a picture of the man on Twitter but did not identify him by name.
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On Sunday, the agency said crews were standing down after they searched for 27 hours and conducted 12 search patterns spanning 152 square miles.
The Coast Guard had deployed both a ship and a helicopter from Point Mugu to help in the search.
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Anyone who might know the man's location is urged to call authorities at (310) 521-3801.