ORBIT GAR ANT DRILLING INC PRO FORMA CONSOLID A TED ST A TEMENT OF EARNINGS AND COMPREHENSIVE INCOME F or the 12 months ended March 31 2007 unaudited F orages F orages F orage Orbit Garant Garant Garant Orbit Inc Drift P ro forma Drilling Inc F r eres Inc F r eres Inc 10 months 12 months consolidated 6 months 3 months 3 months ended ended 12 months ended ended ended January 31 March 31 P ro forma ended March 31 September 30 June 30 2007 2007 adjustments March 31 2007 2006 2006 Note 5 Note 6 Note 3a 2007 CONTR A CT REVENUE 18853888 6481279 6716222 25915683 3304381 61271453 COST OF CONTR A CT REVENUE 13635178 4557109 5518713 15064309 2224410 40999719 GROSS PROFIT 5218710 1924170 1197509 10851374 1079971 20271734 EXPENSES General and administrative 1041056 444742 222164 1138645 732749 3579356 Amortization of capital assets 895063 176927 200228 902840 153467 2328525 Amortization of intangible assets 1459436 2562564 4022000 Management fees 125000 125000 Integration fees 26716 26716 L oss gain on sale of capital assets 6972 11513 378 4163 F oreign exchange losses gain 3 9 1 41134 40743 L oss on sale of longterm investments gain 5837 86726 80889 Interest on longterm debt 562798 20136 16688 149955 749577 Interest and bank charges 43293 54023 34233 121588 37030 290167 4160725 684315 467476 2358998 923246 2562564 11157324 EARNINGS BEFORE THE FOLLOWING ITEMS 1057985 1239855 730033 8492376 156725 2562564 9114410 OTHER REVENUE 76648 4394 4690 85732 SHARE IN NET EARNINGS OF A COMP ANY SUBJECT TO A SIGNIFICANT INFL UENCE EARNINGS BEFORE INCOME T A XES AND NONCONTROLLING INTEREST 1134633 1244249 734723 8492376 156725 2562564 9200142 INCOME T A XES 423642 429053 174151 2800039 33926 805414 3055397 NET EARNINGS BEFORE NONCONTROLLING INTEREST 710991 815196 560572 5692337 122799 1757150 6144745 NONCONTROLLING INTEREST 50992 132692 183684 NET EARNINGS 659999 815196 560572 5559645 122799 1757150 5961061 OTHER COMPREHENSIVE LOSS NET OF INCOME T A XES Unrealized losses on availableforsale investments 29175 29175 COMPREHENSIVE INCOME 630824 815196 560572 5559645 122799 1757150 5931886 Earnings per share Basic 018 Diluted 018 W eighted average number of common shares outstanding Basic 32281542 Diluted 33062730 F61