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.

[emiliolargo]

interpipeline, this is really interesting info. I just saw the sedar filing HOLLY COW! I got 500,000 options at 7 cents. Iw ill definitely hold on till 50 cents!! expiring in 2021 so i got time:) Also had 50K shares laying around and was going to sell. Defnitely holding now. I really am curious who is putting 1 million bucks. You could be right after all. Could it be that FINALLY this thing is

[LithiumGuyLi]

An unconfirmed source is just fake news

[emiliolargo]

yes but somehow they got the 1 million private placement so soemthing is afoot.

[LithiumGuyLi]

"proposes to undertake a private placement" "The proceeds of the private placement will be used for expansion of the company's Tunisian operations and for general working capital." is not the same as having money in the bank. All it means is that they are trying to raise some dough. $1M does not go very far especially in oil infrastructure. Let us see the budget...even