Stock Profile: Akita Drilling Symbol: AKT.A, AKT.B (TSE)

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Stats as of 4/20/01 for AKT.A

• H/L Ratio: 1.47 • RS: 85.4 • Shares: 8,367,569 • P/E: 10.57 • Price: $13.00

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• Profile Index • Bonavista Petroleum • Stantec Inc.

A leading oil and gas drilling contractor, Akita Drilling has operations throughout Western and Northern Canada. The company specializes in arctic rigs, drilling 95% of all wells north of the 60th parallel in 2000.

Akita also supports conventional operations as well as directional, horizontal and underbalanced drilling capabilities. Clients include both independent and multi-national oil and gas companies.

At the close of 2000, the company employed 650 people operating 32 rigs. Akita plans to add four more rigs in 2001.

Strong oil prices led to a resurgence of activity in 2000 with earnings for the year up a solid 118.2%. But it has done well in lean times as well. The company has been profitable every quarter since inception. Since going public in 1995, both its Class A and Class B shares have outperformed the TSE 300. The company has paid dividends every year since 1996.

One of the keys to Akita's success has been its focus on high standards and long-term contracts. This has led to a higher utilization rate than the industry average. A strong contributing factor is the company's emphasis on safety, resulting in lower downtime and less time lost to injury. In 2000 Akita Drilling won the industry's Class A Safety Award for Excellence for the second straight year.

Quarterly Earnings per Share

Annual Earnings per Share