Investor Presentaiton

1) Q2 2021 Financial Review Revenue ($ millions) 38.3 36.0 35.6 20.2 llil 36.1 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 EBITDA¹ ($ millions) 8.4 1.0 0.4 0.3 FORAGE ORBIT GARANT DRILLING Adjusted Gross Margin¹ 4.4 12.5% 10.2% Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q2 2021 G&A Expense: Q2 2020 G&A Expense: $3.7 million (10.1% of revenue) $4.2 million (10.8% of revenue) Q2 2021 EPS: $0.01 23.3% 31.3% 21.3% Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q2 2020 EPS: ($0.06) Adjusted Gross Margin is a non-IFRS measure and is defined as Gross Profit excluding depreciation expenses. EBITDA is a non-IFRS measure and is defined as earnings before interest, taxes, depreciation, and amortization. See "Reconciliation of Non-IFRS measures" in the Appendix of this presentation. Improved year-over-year profitability reflects ramp-up in drilling activity in Canada and West Africa, improved operational efficiencies, and cost reduction initiatives INVESTOR PRESENTATION - MARCH 2021 17

View entire presentation