ORBIT GAR ANT DRILLING INC. CONSOLID A TED ST A TEMENT OF RET AINED EARNINGS AND ACCUMULA TED OTHER COMPREHENSIVE LOS S March 31, March 31, March 31, March 31, June 30, 2008 2007 2008 2007 2007 (3 months) (3 months) (9 months) (6 months) (9 months) (unaudited) (unaudited) (unaudited) (unaudited) $$$$ $ ST A TEMENT OF RET AINED EARNINGS BALANCE, BEGINNING OF PERIOD ...... 7,035,665 22,686 1,899,093 — — NET EARNINGS ....................... 2,823,920 637,313 7,960,492 659,999 1,899,093 DIVIDENDS .......................... (133,456) — (133,456) — — BALANCE, END OF PERIOD ............ 9,726,129 659,999 9,726,129 659,999 1,899,093 ST A TEMENT OF ACCUMULA TED OTHER COMPREHENSIVE LOS S BALANCE, BEGINNING OF PERIOD ...... (34,524) — (30,359) — — UNREALIZED LOSSES ON A V AILABLE-FOR -S ALE INVESTMENTS . . — (29,175) (4,165) (29,175) (30,359) BALANCE, END OF PERIOD ............ (34,524) (29,175) (34,524) (29,175) (30,359) F-7