AKITA’s revenue per day, as presented in the accompanying chart of Revenue per Day, is increasingly influenced  by the number of pad rigs in the Company’s fleet. At December 31, 2013, 47% of the Company’s rigs were pad  rigs, up from 41% at the end of 2012, and up from 8% 10 years ago. 7 AKITA DRILLING LTD.  ANNUAL REPORT MANAGEMENT’S DISCUSSION AND ANALYSIS Note: Revenue has been calculated under  Canadian Generally Accepted Accounting Principles (“Canadian GAAP”) for the years  2004 to 2009 and under International Financial Reporting Standards (“IFRS”) for the  years 2010 to 2013. Each of these methods  of calculating revenue has been consistently  applied from year to year. However, readers  of this MD&A should be aware that the two  methods of calculating revenue are not entirely consistent with each other. Amounts  reported for the years 2012 and 2013 have  been adjusted to include the Company’s  proportionate share of revenue from joint  ventures in addition to revenue reported in  the financial statements. See commentary in  “Basis of Analysis in this MD&A, Non-Standard  and Additional GAAP Items”. AKITA’s Ten Year Historical Rig Utilization Rates AKITA’s Ten Year Revenue Per Day Statistics 20% 40% 60% Industry AKITA 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 15,000 20,000 25,000 30,000 35,000 40,000 AKITA 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004