ORBIT GAR ANT DRILLING INC. NOTES TO THE CONSOLID A TED FINANCIAL ST A TEMENTS (Continued) (Amounts as at March 31, 2008 and for the nine and three months ended March 31, 2008 and for the six and three months ended March 31, 2007 are unaudited) 5. LONG - TERM INVESTMENTS March 31, June 30, 2008 2007 (unaudited) $$ Company subject to significant influence: 6483976 Canada Inc. (Usinage X-SPEC): 4,000 class A shares, representing 40% of the voting shares, participating, at equity method ....... 316,111 32,788 96,000 class I shares, non-participating, non-voting, maximum dividend of 8% per year, redeemable at the option of the company at $96,000, at cost ................................... 96,000 96,000 412,111 128,788 Other: 104,000 shares of Explorateurs-Innovateurs de Qu ? ebec inc., at cost ....................... 260,000 260,000 83,300 shares of T yphoon Exploration Inc., at fair value (cost $50,000) ..................... 9,163 13,328 A dvances to a shareholder company, variable interest rates, no specific terms of repayment ........ 58,884 — 328,047 273,328 740,158 402,116 6. C APIT AL AS SETS Net book value Accumulated March 31, Cost amortization 2008 (unaudited) $$ $ L a n d .................................................. 118,001 — 118,001 P arking ................................................. 20,000 4,501 15,499 Buildings ................................................ 1,131,439 88,225 1,043,214 Office equipment .......................................... 142,631 29,973 112,658 Drilling equipment ......................................... 17,821,668 2,517,407 15,304,261 Machinery and equipment ..................................... 475,141 90,124 385,017 Computer equipment ........................................ 516,746 102,247 414,499 V ehicles ................................................ 3,237,871 734,443 2,503,428 L easehold improvements ...................................... 86,968 22,342 64,626 23,550,465 3,589,262 19,961,203 V ehicles under capital leases ................................... 264,419 — 264,419 23,814,884 3,589,262 20,225,622 F-16