The news release of Friday, July 4th,

The SPE et al 2K-39-Z well was drilling ahead at 2930m drilled depth. The rig is continuing to drill 216mm (8-1/2") directional hole toward the primary target.

I would have thought that either SPE or the CIVC board would have had to inform us of any material information that would affect the value of the share. To my mind no information means that the drilling is continuing to plan and that there are no reasons to worry.

The early volume and dramatic fall in share price is concerning but The Board have the best interest of the shareholder at heart and certainly would not keep an relevant information from us.

Best wishes

a6dyl