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 7035665 22686 1899093 NET EARNINGS 2823920 637313 7960492 659999 1899093 DIVIDENDS 133456 133456 BALANCE END OF PERIOD 9726129 659999 9726129 659999 1899093 ST A TEMENT OF ACCUMULA TED OTHER COMPREHENSIVE LOS S BALANCE BEGINNING OF PERIOD 34524 30359 UNREALIZED LOSSES ON A V AILABLEFOR S ALE INVESTMENTS 29175 4165 29175 30359 BALANCE END OF PERIOD 34524 29175 34524 29175 30359 F7