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Bullboard - Stock Discussion Forum Sunset Pacific Petroleum Ltd SSPAF

Energy
"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 Discussion

Sunset Pacific Petroleum Ltd > News is real. TSX asked SPK to clarify...
View:
Post by Veritas33 on Apr 26, 2017 3:21pm

News is real. TSX asked SPK to clarify...

News is real. The Exchange halted trading on SPK and asked management to clarify the farm out news release. SPK provided more details concerning the farm out and the Exchange was satisfied enough to allow the stock to start trading again. That folks is good news! Any shenanigans and SPK would have remained halted.

As for the news release itself, IMO, this is GREAT NEWS!

SPK will be getting $3M in cash and an operator with $$$ to work the hydrocarbon concession. What is pending here is the Tunusian gov't approval. At current market cap levels of less that $3M there is tremendous upside if /when the govt approval is received,

Of course, all this is just my opinion. Due your own due diligence!
Comment by thetruthwewant on Apr 26, 2017 3:35pm
Finally a reasonable explanation. But still I have to ask: Why would they release this news via EMAIL to a relatively unknown news agency? Most of us get our news from highly reliable sources like: TMX, SEDAR, to name a few. That way we don't have to take the word of a guy who joined in the last 24 hours and is presenting us with technical analyses like "omG this Stox is like 10 Baggers ...more  
Comment by Veritas33 on Apr 26, 2017 3:55pm
This post has been removed in accordance with Community Policy
Comment by stockvader on Apr 26, 2017 4:29pm
This post has been removed in accordance with Community Policy
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