ORBIT GAR ANT DRILLING INC. PRO FORMA CONSOLID A TED ST A TEMENT OF EARNINGS AND COMPREHENSIVE INCOME F or the 12 months ended June 30, 2007 (unaudited) F orage F orages Orbit Garant Orbit Inc. Garant & Drift P ro forma Drilling Inc. 7 months F r ` eres Inc. 9.5 months consolidated 9 months ended 3 months ended 12 months ended January 31, ended April 16, P ro forma ended June 30, 2007 September 30, 2007 adjustments June 30, 2007 (Note 4) 2006 (Note 5) (Note 3) 2007 $$ $ $ $ $ CONTR A CT REVENUE ............... 36,732,820 18,303,796 6,481,279 2,791,683 — 64,309,578 COST OF CONTR A CT REVENUE ........ 26,132,158 10,587,408 4,557,109 1,791,309 — 43,067,984 GROSS PROFIT ..................... 10,600,662 7,716,388 1,924,170 1,000,374 — 21,241,594 EXPENSES General and administrative ............. 1,989,799 861,761 444,742 670,737 — 3,967,039 Amortization of capital assets ........... 1,673,821 668,488 176,927 108,652 — 2,627,888 Amortization of intangible assets ......... 2,464,935 — — — 1,557,065 4,022,000 Management fees ................... 187,500 — — — — 187,500 Integration expenses ................. 255,697 — — — — 255,697 L oss (gain) on sale of capital assets ....... (130,461) 378 (11,513) (40,000) — (181,596) F oreign exchange losses (gain) ........... 17,131 (45,025) — (64,442) — (92,336) L oss on sale of long-term investments ...... — (2,535) — — — (2,535) Interest on long-term debt ............. 952,796 106,999 20,136 — — 1,079,931 Interest and bank charges .............. 109,867 79,737 54,023 21,859 — 265,486 7,521,085 1,669,803 684,315 696,806 1,557,065 12,129,074 EARNINGS BEFORE THE FOLLOWING ITEMS .......................... 3,079,577 6,046,585 1,239,855 303,568 (1,557,065) 9,112,520 OTHER REVENUE .................. 88,054 — 4,394 — — 92,448 SHARE IN NET EARNINGS OF A COMP ANY SUBJECT TO A SIGNIFICANT INFL UENCE ..................... — 37,801 — — — 37,801 EARNINGS BEFORE INCOME T A XES AND NON-CONTROLLING INTEREST ....... 3,167,631 6,084,386 1,244,249 303,568 (1,557,065) 9,242,769 INCOME T A XES .................... 1,184,258 1,991,212 429,053 75,892 (489,386) 3,191,029 NET EARNINGS BEFORE NON-CONTROLLING INTEREST ....... 1,983,373 4,093,174 815,196 227,676 (1,067,679) 6,051,740 NON-CONTROLLING INTEREST ........ 84,280 98,020 — — — 182,300 NET EARNINGS .................... 1,899,093 3,995,154 815,196 227,676 (1,067,679) 5,869,440 OTHER COMPREHENSIVE INCOME, NET OF INCOME T A XES Unrealized losses on available-for-sale investments ...................... (30,359) — — — — (30,359) COMPREHENSIVE INCOME ........... 1,868,734 3,995,154 815,196 227,676 (1,067,679) 5,839,081 Earnings per share Basic ........................... 0.18 Diluted .......................... 0.18 W eighted average number of common shares outstanding Basic ........................... 32,281,542 Diluted .......................... 33,062,730 F-56