ORBIT GAR ANT DRILLING INC. PRO FORMA CONSOLID A TED ST A TEMENT OF EARNINGS AND COMPREHENSIVE INCOME F or the 12 months ended March 31, 2007 (unaudited) F orages F orages F orage Orbit Garant Garant & Garant & Orbit Inc. Drift P ro forma Drilling Inc. F r ` eres Inc. F r ` eres Inc. 10 months 12 months consolidated 6 months 3 months 3 months ended ended 12 months ended ended ended January 31, March 31, P ro forma ended March 31, September 30, June 30, 2007 2007 adjustments March 31, 2007 2006 2006 (Note 5) (Note 6) (Note 3a) 2007 $$ $ $ $ $ $ CONTR A CT REVENUE ......... 18,853,888 6,481,279 6,716,222 25,915,683 3,304,381 — 61,271,453 COST OF CONTR A CT REVENUE . . 13,635,178 4,557,109 5,518,713 15,064,309 2,224,410 — 40,999,719 GROSS PROFIT .............. 5,218,710 1,924,170 1,197,509 10,851,374 1,079,971 — 20,271,734 EXPENSES General and administrative ....... 1,041,056 444,742 222,164 1,138,645 732,749 — 3,579,356 Amortization of capital assets ..... 895,063 176,927 200,228 902,840 153,467 — 2,328,525 Amortization of intangible assets . . . 1,459,436 — — — — 2,562,564 4,022,000 Management fees ............. 125,000 — — — — — 125,000 Integration fees .............. 26,716 — — — — — 26,716 L oss (gain) on sale of capital assets . 6,972 (11,513) — 378 — — (4,163) F oreign exchange losses (gain) .... 3 9 1 — — (41,134) — — (40,743) L oss on sale of long-term investments (gain) ........... — — (5,837) 86,726 — — 80,889 Interest on long-term debt ....... 562,798 20,136 16,688 149,955 — — 749,577 Interest and bank charges ....... 43,293 54,023 34,233 121,588 37,030 — 290,167 4,160,725 684,315 467,476 2,358,998 923,246 2,562,564 11,157,324 EARNINGS BEFORE THE FOLLOWING ITEMS ......... 1,057,985 1,239,855 730,033 8,492,376 156,725 (2,562,564) 9,114,410 OTHER REVENUE ............ 76,648 4,394 4,690 — — — 85,732 SHARE IN NET EARNINGS OF A COMP ANY SUBJECT TO A SIGNIFICANT INFL UENCE ..... — — — — — — — EARNINGS BEFORE INCOME T A XES AND NON-CONTROLLING INTEREST . 1,134,633 1,244,249 734,723 8,492,376 156,725 (2,562,564) 9,200,142 INCOME T A XES .............. 423,642 429,053 174,151 2,800,039 33,926 (805,414) 3,055,397 NET EARNINGS BEFORE NON-CONTROLLING INTEREST . 710,991 815,196 560,572 5,692,337 122,799 (1,757,150) 6,144,745 NON-CONTROLLING INTEREST . . 50,992 — — 132,692 — — 183,684 NET EARNINGS .............. 659,999 815,196 560,572 5,559,645 122,799 (1,757,150) 5,961,061 OTHER COMPREHENSIVE LOSS, NET OF INCOME T A XES Unrealized losses on available-for-sale investments .... (29,175) — — — — — (29,175) COMPREHENSIVE INCOME ..... 630,824 815,196 560,572 5,559,645 122,799 (1,757,150) 5,931,886 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-61