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## Summary of Quarterly Results 

The following table shows key selected quarterly financial information for the Company: 

<img src='content_image/142163.jpg'>

(1) Funds flow from operations is an additional GAAP measure under IFRS. See commentary in “Basis of Analysis in this MD&A, Non-Standard and Additional GAAP Items”. 

(2) During 2011 and prior years, AKITA reported its joint venture activities using the proportionate consolidation method of accounting which is not necessarily comparable to the equity method of accounting adopted pursuant to IFRS 11. See “Basis of Analysis in this MD&A, Non-Standard and Additional GAAP Items”. 

During the fourth quarter of 2013, rig activity for the Company included 1,567 operating days compared to 1,533 operating days during the corresponding period in 2012. The increase in operating days compared to the corresponding quarter in 2012 was due to higher activity for AKITA’s pad rigs, and was partially offset by fewer operating days for AKITA’s conventional double and triple rigs. While operating days were higher in the fourth quarter of 2013 compared to the corresponding period in 2012, financial statement revenue of $45,783,000 (equivalent to $58,381,000 on an adjusted basis and $37,257 per operating day on an adjusted basis) was lower than fourth quarter 2012 financial statement revenue of $54,728,000 (equivalent to $65,542,000 on an adjusted basis or $41,826 per operating day on an adjusted basis), largely as a result of the Company not having construction revenue in the fourth quarter of 2013. Operating and maintenance costs, which are also tied to activity levels, decreased during the fourth quarter of 2013 to $36,273,000 or $23,148 per operating day on an adjusted basis from $44,232,000 or $28,227 per operating day on an adjusted basis during the 

