T ABLE OF CONTENTS P age P age IMPOR T ANT INFORMA TION .......... 3 SELLING SHAREHOLDERS ........... 6 3 N O N - G A A P M E A S U R E S .............. 4 EXISTING SHAREHOLDER ARR ANGEMENTS ................. 6 4 FOR W ARD -LOOKING ST A TEMENTS . . . 4 PLAN OF DISTRIBUTION ............ 6 5 ELIGIBILITY FOR INVESTMENT ...... 5 CANADIAN FEDER AL INCOME T A X MARKET D A T A AND INDUSTR Y CONSIDER A TIONS ................ 6 7 FORECA STS ..................... 5 RISK F A CTORS ..................... 7 0 PROSPECTUS SUMMAR Y ............ 6 GLOSS AR Y OF TERMS .............. 1 5 M A TERIAL CONTR A CTS ............. 7 7 INDUSTR Y O VER VIEW .............. 1 9 INTEREST OF MANA GEMENT AND OTHERS IN MA TERIAL T H E C O M P A N Y .................... 2 7 TR ANS A CTIONS .................. 7 7 BUSINESS OF ORBIT G A R ANT ........ 2 8 LEG AL PROCEEDINGS .............. 7 7 DIVIDEND POLICY ................. 3 9 EXPER TS ......................... 7 7 CONSOLID A TED CAPIT ALIZA TION .... 3 9 A UDITORS, TR ANSFER A GENT AND DESCRIPTION OF DEBT ............. 3 9 REGISTR AR ..................... 7 7 SELECTED FINANCIAL INFORMA TION 41 PROMOTERS ...................... 7 8 MANA GEMENT ’S DISCUSSION AND PUR CHA SERS’ ST A TUTOR Y RIGHTS . . . 78 ANAL YSIS OF FINANCIAL CONDITION AND RESUL TS OF INDEX TO FINANCIAL ST A TEMENTS . . F-1 OPER A TIONS .................... 4 4 FOR A G E ORBIT INC. A UDITORS’ DIRECTORS AND MANA GEMENT ..... 5 1 CONSENT ....................... F - 2 EXECUTIVE COMPENS A TION ........ 5 5 FOR A G ES G A R ANT & FR ` ERES INC. OPTION PLAN ..................... 5 9 A UDITORS’ CONSENT ............. F - 3 INDEBTEDNESS OF DIRECTORS AND ORBIT G A R ANT DRILLING INC. EXECUTIVE OFFICERS ............ 6 0 A UDITORS’ CONSENT ............. F - 4 DESCRIPTION OF SHARE CAPIT AL .... 6 1 CER TIFICA TE OF THE CORPOR A TION . C-1 PRIOR S ALES ...................... 6 1 CER TIFICA TE OF THE PROMOTERS . . . C-2 USE OF PROCEEDS ................. 6 2 CER TIFICA TE OF THE PRINCIP AL SHAREHOLDERS ......... 6 2 UNDER WRITERS ................. C - 3 IMPOR T ANT INFORMA TION Unless otherwise indicated or the context otherwise requires, a reference in this prospectus to the ‘‘Company’’ means Orbit Garant Drilling Inc. (‘‘Orbit Garant’’) and its direct and indirect subsidiaries and their predecessors. Orbit Garant is the result of the combination of F orages Garant & F r ` eres Inc. (‘‘Garant’’) and F orage Orbit Inc. (‘‘Orbit’’) pursuant to the purchase of Orbit by Garant on January 31, 2007. P rior to their combination, Garant had a fiscal year end of June 30 and Orbit had a fiscal year end of January 31. Garant is the predecessor business of Orbit Garant. Unless otherwise indicated or the context otherwise requires, references in this prospectus to a financial measure of Orbit Garant for fiscal 2007 (i.e., the fiscal year ended June 30, 2007) includes financial results of the Orbit business from the date of its acquisition by Garant in January 2007 and the financial results of the business of Drift Exploration Drilling, Inc. and Drift De Mexico, S.A. De C.V . (collectively, ‘‘Drift’’) (a drilling services provider acquired by the Company in April 2007) from the date of its acquisition. The financial statements of Orbit Garant for fiscal 2006 and 2005 do not include the corresponding financial results of Orbit or Drift. The unaudited consolidated pro forma statement of earnings for the twelve months ended June 30, 2007, gives effect to the acquisitions of Orbit and Drift as if they had occurred on July 1, 2006. The unaudited consolidated pro forma statements of earnings for the twelve month periods ended March 31, 2008 and March 31, 2007 and for the three months ended March 31, 2007 were prepared as if Orbit Garant had acquired Orbit and Drift at the beginning of each of those respective periods. This prospectus includes references to trade names and trade-marks of companies other than Orbit Garant. These trade names and trade-marks are the properties of their respective owners. 3