ORBIT GAR ANT DRILLING INC NOTES TO THE UNA UDITED PRO FORMA CONSOLID A TED ST A TEMENT OF EARNINGS AND COMPREHENSIVE INCOME Continued 3 PRO FORMA ADJUSTMENTS a The pro forma consolidated statement of earnings and comprehensive income for the 12 months ended March 31 2007 reflects th e pro forma adjustment of 2562564 required to present 12 months of amortization expense relating to the acquired intangible assets of Garant and Orbit see Note 2 Similarly the pro forma consolidated statements of earnings and comprehensive income for the 3 months ended March 31 2007 reflect an increase of 137891 in amortization of intangible assets The corresponding adjustments to future income taxes amount to 805414 for the 12 months ended March 31 2007 and 43339 for the three months ended March 31 2007 b F or the purpose of the pro forma consolidated statement of earnings and comprehensive income for the 12 months ended March 31 2008 no adjustments were needed for the amortization of intangible assets c The pro forma consolidated statements of earnings and comprehensive income for the 12 months ended March 31 2008 12 months ended March 31 2007 and 3 months ended March 31 2007 do not give effect to the reduction of interest expense on longterm debt relating to the use of a part of the net proceeds of the offering to repay debt 4 DRIF T FINANCIAL INFORMA TION The column Drift on the unaudited pro forma consolidated statement of earnings and comprehensive income for the 12 months ended March 31 2008 includes the operations of PhylDon Holdings and Management Ltd Drift Exploration Drilling Inc and Drif t de Mexico SA De CV for the 16 days ended April 16 2007 which were derived as follows before acquisition on April 16 2007 PhylDon Holdings and Drift Exploration Drift de Drift Management Ltd Drilling Inc Mexico SA De CV 16 days 16 days ended 16 days ended 16 days ended ended April 16 April 16 April 16 April 16 2007 2007 2007 2007 CONTR A CT REVENUE 100000 88554 52594 241148 COST OF CONTR A CT REVENUE 32389 35053 100000 167442 GROSS PROFIT 67611 53501 47406 73706 EXPENSES General and administrative 26105 2137 28242 Amortization of capital assets 4294 1425 5719 F oreign exchange gain 5477 5477 24922 3562 28484 EARNINGS LOSS BEFORE THE FOLLOWING ITEMS 42689 49939 47406 45222 OTHER REVENUE EXPENSES 150000 150000 EARNINGS LOSS BEFORE INCOME T A XES 192689 100061 47406 45222 INCOME T A XES RECO VER Y 66083 25015 11852 29216 NET EARNINGS NET LOSS 126606 75046 35554 16006 F64