ORBIT GAR ANT DRILLING INC. NOTES TO THE UNA UDITED PRO FORMA CONSOLID A TED ST A TEMENT OF EARNINGS AND COMPREHENSIVE INCOME 1. BASIS OF PRESENT A TION Management of Orbit Garant Drilling Inc. (the ‘‘Company’’) has elected to provide pro forma statement of earnings and comprehen sive income for the 12 months ended March 31, 2008, for the 12 months and for the 3 months ended March 31, 2007 in order to provide investors with 12 months and 3 months financial information. These pro forma statements of earnings and comprehensive income we re prepared to present 12 months and 3 months of results of the Company, as if the Company had acquired Garant, Orbit and Drift (the ‘‘acquisitions’’) (see Note 2) at the beginning of each of the periods presented, as follows:  ‘‘12 months ended March 31, 2008’’ presents 12 months of the Company and 16 days of Drift (as if the acquisitions had occurred on April 1, 2007).  ‘‘12 months ended March 31, 2007’’ presents 12 months of the Company, 10 months of Orbit and 12 months of Drift (as if the acquisitions had occurred on April 1, 2006).  ‘‘3 months ended March 31, 2007’’ presents 3 months of the Company, 1 month of Orbit and 3 months of Drift (as if the acquisit ions had occurred on January 1, 2007). Management believes such pro forma statements of earnings and comprehensive income are useful in evaluating the performance of the company and in determining whether to invest in offered common shares. The pro forma consolidated statements of earnings and comprehensive income have been prepared by the management of the Company. The pro forma consolidated statements of earnings and comprehensive income are not necessarily indicative of the resul ts that actually would have been achieved if the transactions reflected therein had been completed on the dates indicated or the r esults which may be obtained in the future. In the opinion of management, these unaudited pro forma consolidated statements of earning s and comprehensive income include all material adjustments necessary for fair presentation. The accounting policies used in thes e pro forma consolidated statements of earnings and comprehensive income are consistent with those used in the consolidated finan cial statements of Orbit Garant Drilling Inc. These pro forma consolidated statements of earnings and comprehensive income should be read in conjunction with the following financial statements included elsewhere in the prospectus:  the audited consolidated financial statements of Orbit Garant Drilling Inc. for the 9 months ended June 30, 2007;  the audited financial statements of F orage Garant & F r ` eres Inc. for the 3 months ended September 30, 2006;  the audited financial statements of F orage Orbit Inc. for the year ended January 31, 2007. 2. BUSINES S ACQUISITIONS F orages Garant & F r ` eres Inc. On September 30, 2006, pursuant to a share agreement between 4382463 Canada Inc. and the shareholders of F orages Garant & Fr ` eres Inc. (‘‘Garant’’), 4382463 Canada Inc. acquired all issued and outstanding shares of F orages Garant & F r ` eres Inc. for a total consideration of $17,530,771 (excluding acquisition costs) payable through the issuance of 2,500,000 common shares of 4382463 Canada Inc. and $15,030,771 in cash. On September 30, 2006, F orages Garant & F r ` eres Inc. was dissolved in 4382463 Canada Inc. which changed its name to F orages Garant & F r ` eres Inc. F orage Orbit Inc. On January 31, 2007, pursuant to a share agreement between the company and the shareholders of F orage Orbit Inc. (‘‘Orbit’’), t he company acquired all issued and outstanding shares of Orbit for a total consideration of $24,031,195 (excluding acquisition cos ts) payable through the issuance of 11,538,000 common shares of the company and $12,493,195 in cash. Phyl-Don Holdings and Management Ltd., Drift Exploration Drilling Inc. (US) and Drift de Mexico S.A. De C.V. (‘‘Drift’’) On April 16, 2007, the company acquired all issued and outstanding shares of Drift Exploration Drilling Inc. (a US company) and Drift de Mexico S.A. De C.V . for a total cash consideration of $140,713 (excluding acquisition costs) and all operating inventories a nd capital assets of Phyl-Don Holdings and Management Ltd. for a cash consideration of $1,460,000. This acquisition does not meet the defi nition of a significant acquisition as defined in Canadian Securities L aw. F-63