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## Contents 

IFC Corporate Profile 

2 2013 Operational Performance 

3 Share Performance 

4 Letter to the Shareowners 

6 Management’s Discussion and Analysis of Financial Condition and Results of Operations 

 30 Management’s Responsibility for Financial Reporting 

 31 Auditors’ Report 

 32 Consolidated Financial Statements 

 37 Notes to Consolidated Financial Statements 

 65 10 Year Financial Review 

IBC Corporate Information 

## Corporate Profile 

AKITA Drilling Ltd. is a premier oil and gas drilling contractor with drilling operations throughout Western and Northern Canada. 

The Company strives to be the industry leader in customer relations, employee expertise, safety, equipment quality and drilling performance. In addition to conventional drilling, the Company specializes in pad and other purpose-built drilling rigs and is active in directional, horizontal and underbalanced drilling providing specialized drilling services to a broad range of independent and multinational oil and gas companies. AKITA currently employs, at full operations, approximately 900 people. The Company has ownership in 38 drilling rigs in all depth ranges. 

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## Annual Meeting 

The Annual General Meeting of Shareholders will be held at 10:00 a.m. on Tuesday, May 13, 2014 at the Westin Hotel, 320 – 4 th  Avenue S.W., Calgary, Alberta. Shareholders and other interested parties are encouraged to attend. 

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