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 XSPEC 4000 class A shares representing 40 of the voting shares participating at equity method 316111 32788 96000 class I shares nonparticipating nonvoting maximum dividend of 8 per year redeemable at the option of the company at 96000 at cost 96000 96000 412111 128788 Other 104000 shares of ExplorateursInnovateurs de Qu ebec inc at cost 260000 260000 83300 shares of T yphoon Exploration Inc at fair value cost 50000 9163 13328 A dvances to a shareholder company variable interest rates no specific terms of repayment 58884 328047 273328 740158 402116 6 C APIT AL AS SETS Net book value Accumulated March 31 Cost amortization 2008 unaudited L a n d 118001 118001 P arking 20000 4501 15499 Buildings 1131439 88225 1043214 Office equipment 142631 29973 112658 Drilling equipment 17821668 2517407 15304261 Machinery and equipment 475141 90124 385017 Computer equipment 516746 102247 414499 V ehicles 3237871 734443 2503428 L easehold improvements 86968 22342 64626 23550465 3589262 19961203 V ehicles under capital leases 264419 264419 23814884 3589262 20225622 F16