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are drilled, followed by one or more series of intermediate holes and a final series of main holes. This style of drilling, as opposed to drilling each well from start to finish prior to moving, provides significant efficiency gains when used in the appropriate applications. 

The following table demonstrates the range of drilling capabilities for the Company’s fleet: 

<img src='content_image/141565.jpg'>

From time to time, the Company enters into drilling contracts for extended terms. At December 31, 2013, AKITA had seven rigs with multi-year contracts that extend into 2014 or beyond. Of these contracts, five are anticipated to expire in 2014, one in 2016 and one in 2018. 

Competition in the Canadian drilling industry is affected by the overall size of the drilling fleet, and the level of customer demand. At December 31, 2013 there were 817 drilling rigs registered with the CAODC (December 31, 2012 – 838). AKITA’s drilling fleet of 38 rigs represented 4.6% of the total Canadian drilling fleet at December 31, 2013 (December 31, 2012 – 4.7%). 

