ORBIT GAR ANT DRILLING INC PRO FORMA CONSOLID A TED ST A TEMENT OF EARNINGS AND COMPREHENSIVE INCOME F or the 12 months ended June 30 2007 unaudited F orage F orages Orbit Garant Orbit Inc Garant Drift P ro forma Drilling Inc 7 months F r eres Inc 95 months consolidated 9 months ended 3 months ended 12 months ended January 31 ended April 16 P ro forma ended June 30 2007 September 30 2007 adjustments June 30 2007 Note 4 2006 Note 5 Note 3 2007 CONTR A CT REVENUE 36732820 18303796 6481279 2791683 64309578 COST OF CONTR A CT REVENUE 26132158 10587408 4557109 1791309 43067984 GROSS PROFIT 10600662 7716388 1924170 1000374 21241594 EXPENSES General and administrative 1989799 861761 444742 670737 3967039 Amortization of capital assets 1673821 668488 176927 108652 2627888 Amortization of intangible assets 2464935 1557065 4022000 Management fees 187500 187500 Integration expenses 255697 255697 L oss gain on sale of capital assets 130461 378 11513 40000 181596 F oreign exchange losses gain 17131 45025 64442 92336 L oss on sale of longterm investments 2535 2535 Interest on longterm debt 952796 106999 20136 1079931 Interest and bank charges 109867 79737 54023 21859 265486 7521085 1669803 684315 696806 1557065 12129074 EARNINGS BEFORE THE FOLLOWING ITEMS 3079577 6046585 1239855 303568 1557065 9112520 OTHER REVENUE 88054 4394 92448 SHARE IN NET EARNINGS OF A COMP ANY SUBJECT TO A SIGNIFICANT INFL UENCE 37801 37801 EARNINGS BEFORE INCOME T A XES AND NONCONTROLLING INTEREST 3167631 6084386 1244249 303568 1557065 9242769 INCOME T A XES 1184258 1991212 429053 75892 489386 3191029 NET EARNINGS BEFORE NONCONTROLLING INTEREST 1983373 4093174 815196 227676 1067679 6051740 NONCONTROLLING INTEREST 84280 98020 182300 NET EARNINGS 1899093 3995154 815196 227676 1067679 5869440 OTHER COMPREHENSIVE INCOME NET OF INCOME T A XES Unrealized losses on availableforsale investments 30359 30359 COMPREHENSIVE INCOME 1868734 3995154 815196 227676 1067679 5839081 Earnings per share Basic 018 Diluted 018 W eighted average number of common shares outstanding Basic 32281542 Diluted 33062730 F56