Sunset Pacific Petroleum Ltd SSPAF

Group with major Permian Basin presence wants SPK

[interpipeline]

A securities agent I know has confirmed rumors on the ground in oil circles that the same group which has a major presence in the Permian Basin is actively moving to buy-out/secure controlling interest in SPK.V because of Sunset Pacific’s Tunisia asset as part of a holistic international plan. The group has multiple oil and gas assets/interests in Eurasia, Middle East, and North America.  They see Sunset Pacific Petroleum’s Tunisia asset as a key piece of the puzzle and have already made the decision to pay-up several multiples the current trading price of SPK for its assets; I’ve heard 50 cents a share open offer is coming at current shares outstanding. Even after the recent SEDAR filing re dilution by current management (SPK filed a few days ago for $1 million capital raise at 5 cents/share (20 million shares) with proceeds going to advance the Tunisia asset and keep the lights on). There is scheduled to be 2 million barrels a day of new production coming from the Permian Basin and new oil pipelines in the Permian Basin will be opening in 2020; thus lots of oil from this group is coming to market, they also have lots planned to happen through Tunisia, using Tunisia as a staging ground to move North American/African/Mid-East oil thru to Italy/Europe. SPK’s Tunisia asset is particularly tantalizing as it satisfies several objectives including logistics, horse-trading with other interested partners, exploration (without paying up after someone else proves more), and possibly obfuscation of flow if need be (as Tunisia is neutral from an embargo standpoint - - these guys have interests all over). Hold on to your shares tightly as SPK is going to rocket imo.