BCSC - Cease Trade Order

Citation: 2017 BCSECCOM 327

Cease Trade Order

Calvin B. Lucyshyn
John A. Versfelt
(each referred to separately as the Insider)

And

Cabo Drilling Corp.

Section 164 of the Securities Act, R.S.B.C. 1996, c. 418

¶1 Cabo Drilling Corp. is a reporting issuer and has not filed:

1. annual audited financial statements for the year ended June 30, 2017, as required under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102), and

2. a Form 51-102F1 Management's Discussion and Analysis for the period ended June 30, 2017, as required under Part 5 of NI 51-102

(the required records).

¶ 2 The Insider may have knowledge of, or access to, a material fact or material
change regarding Cabo Drilling that has not been generally disclosed.

¶ 3 Cabo Drilling has agreed to file, immediately after this order is granted, the Notice of Default and, if applicable, Default Status Reports, set out in National Policy 12-203 Management Cease Trade Orders.

¶ 4 Under section 164(1) of the Act, the Executive Director orders that all trading by the Insider in the securities of Cabo Drilling cease until:

1. Cabo Drilling files the required records, completed in accordance with the Act
and rules, and

2. the Executive Director revokes this order.

¶ 5 October 31, 2017

Michael L. Moretto, CPA, CA
Manager
Corporate Finance