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Sunset Pacific Petroleum Ltd SSPAF

"Sunset Pacific Petroleum Ltd is a junior resource exploration company based in Canada. It engaged in the acquisition, exploration, and development of oil and gas properties in Tunisia, North Africa. The company properties include Bougie Trutch and Trutch East."


GREY:SSPAF - Post by User

Comment by Pennypicker4on Apr 25, 2017 11:21am
205 Views
Post# 26162487

RE:MASSIVE news. stockwatch

RE:MASSIVE news. stockwatchStockvader I think you are getting a little carried away in describing this as MASSIVE NEWS

The News release is very sketchy at best and is CONDITIONAL upon so many items,namely

1. Who is the  partnership agreement with ?

2. How long have SPK being dealing with the Tunisian Govt(well overf a yea)r and where is the license to move forward on the exploration program?

3. Where is the $1 million down payment coming from ?

4. Who is proving the $5 millon letter of credit?

I think you would have to agree that the News is MASSIVE would only apply once the conditions  of the above are known and there is an Exploration permit in place.
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