On 24 February 2020, Canadian-junior Sunset Pacific Petroleum Ltd cancelled a previously announced letter of agreement with Bahraini-based investment firm Mazaya Energy Corporation. The agreement had only been signed on 19 February 2020. It would have seen a multi-phased investment in Sunset of up to US$ 10 million. The company has been seeking funding ever since 2016, when it announced that it had been awarded a PSC for the 3,772 sq km Ben Khedechef block, located in the Ghadames Basin. The award has remained under dispute ever since, with the Tunisian authorities denying any such agreement had been reached and Sunset subsequently stating that a contract is yet to be signed. Despite this, the company has continued to seek funds, with a US$ 5 million farm-out agreement for 16.7% equity (50% WI) reportedly agreed with an un-named party in April 2017. The deal has not closed. The under-explored block lies adjacent to the Algerian border. The acreage was formerly licensed to OMV as the El Hamra permit, with OMV relinquishing the block in April 2013. An application for the block was initially submitted by Sunset in July 2014, with the company reporting equity splits in the block as: Sunset (33.4% +Op), the CARTE Group (33.3%) and IMI-EAG Group (33.3%). The partners are two Tunisian-based investment firms. Sunset's only other assets are minor royalty interests in two oil & gas projects in NE British Columbia, with total proved plus probable reserves as of December 2015 standing at 0.743 MMcfg and 3.5 Mbbl of NGLs. 
Canadian-junior Sunset Pacific Petroleum Ltd cancelled a previously announced letter of agreement with Bahraini-based investment firm Mazaya Energy Corporation. The agreement had only been signed on 19 February 2020. 