WPCX  
      z     d$=[%sGǢM	e4 塜e)V-WRi}-TrSAեr{j<u5)f/bƘv=UrP7n|-$)P%lZ
e TOOF̿-0}UBkh9r-tqR2h-iyq9*_E3N[Jwo~Ŏ\qLW * l}fTi$S:V~q8dQ$XKO[A&_}DʻMvrKn|
ǰ5IUF[63ppX,^̐{"SR 42qQ~[qtigfEjGw^#	k ѦE}QOHv}sD a8c wޥkRe&sW遽7[QSҿy a           {     N  	%      	  0     	     L     0   ~   
  0   x     0   k      0   k   k  	A        0        0   ~     0        0      h  0      L  0        0   
    0       0   1    0   C  B  0   V    0        0        0      N  0        0        0      q  0      ,  0        0         U   .   K   	1   g   y   0   z      0      Z!  	1     3"  0      8#  0     #  0      &  	      '  0   =   '  0   F   (  0   P   S(  	1      (  0   &   6)  0   &   \)  0   h   )  0   &   )  0      *  0      *  0   :  D+  0   ,  ~,  0   N  -  0      .        /  0   S  /  0      K2  0      2  0      3  0      4  	1   m   }5  0      5  0      6  0   &   L7  0   &   r7  0      7  0      @8  0      9  0   t   9  0   s   :       :  0     B<  0   &   .?  0   &   T?  {     z?  	1      KB   U   .   B  n      C  0     $G  	B      J  	D   +   .J  0   K   YJ        J   U       jK   E      K   U   >   K  {   h  K       2N  {     R  {   h  U   U   :   W  w   @   6X  4      vX        X   e   
   X  	h   8   X   f      X   a      X      (   q              g$       6  "  
   @    `   8"   X6         UKUS. ,                  T R  X3'                                                                           X3'                                                                           3' S t a n d a r d                                                          3' S t a n d a r d                                                             TC 	                   $ $                 C -                                    -         I~ I  X X              X    (                 $                    I    I 6  "  
   @    `   8"   X6         UKUS. ,                  T R  X3'                                                                           X3'                                                                           3' S t a n d a r d                                                          3' S t a n d a r d                                                             TC 	                   $ $                 C -                                    -         EP E  X X            C : \ O F F I C E \ W P W I N \ T E M P L A T E \ S T A N D A R D . W P T       V       &          8 D o c u m e n t [ 8 ]   D o c u m e n t   S t y l e   0    . .  8    `	. . `	      V                8 D o c u m e n t [ 4 ]   D o c u m e n t   S t y l e       . .  .    V                 8 D o c u m e n t [ 6 ]   D o c u m e n t   S t y l e   8    . .       V                 8 D o c u m e n t [ 5 ]   D o c u m e n t   S t y l e   0    . .    Q M P O        & O L E   2 . 0   B o x          <=  8                                            C     HK K K K               V       /         8 D o c u m e n t [ 2 ]   D o c u m e n t   S t y l e   2     A.3
   
 Ԁ
               V       &          8 D o c u m e n t [ 7 ]   D o c u m e n t   S t y l e   0    . .  0    `	. . `	      z       U          : R i g h t   P a r [ 1 ]   R i g h t - A l i g n e d   P a r a g r a p h   N u m b e r s       . .  2       I.3
   
 Ԁ     . .  0    . .       z       h          : R i g h t   P a r [ 2 ]   R i g h t - A l i g n e d   P a r a g r a p h   N u m b e r s       . .      `	. .  2      A.3
   
 Ԁ     . .  0    `	. . `	      V       ?         8 D o c u m e n t [ 3 ]   D o c u m e n t   S t y l e       . .  2     1.3
   
 Ԁ
               z       {          : R i g h t   P a r [ 3 ]   R i g h t - A l i g n e d   P a r a g r a p h   N u m b e r s       . .      `	. . `	     . . P
 2      1.3
   
 Ԁ     `	. . `	 0    . .       z                 : R i g h t   P a r [ 4 ]   R i g h t - A l i g n e d   P a r a g r a p h   N u m b e r s       . .      `	. . `	     . .      . .  2      a.3
   
 Ԁ     . .  0    . .       z                 : R i g h t   P a r [ 5 ]   R i g h t - A l i g n e d   P a r a g r a p h   N u m b e r s       . .      `	. . `	     . .      . .      h. .  2      (1)3
   
 Ԁ     . .  0    h. . h      z                 : R i g h t   P a r [ 6 ]   R i g h t - A l i g n e d   P a r a g r a p h   N u m b e r s       . .      `	. . `	     . .      . .      h. . h     . .  2      (a)3
   
 Ԁ     h. . h 0    . .       z                 : R i g h t   P a r [ 7 ]   R i g h t - A l i g n e d   P a r a g r a p h   N u m b e r s       . .      `	. . `	     . .      . .      h. . h     . .      . .  2      i)3
   
 Ԁ     . .  0    . .       z                 : R i g h t   P a r [ 8 ]   R i g h t - A l i g n e d   P a r a g r a p h   N u m b e r s       . .      `	. . `	     . .      . .      h. . h     . .      . .      p. .  2      a)3
   
 Ԁ     . .  0    p. . p      V       X         8 D o c u m e n t [ 1 ]   D o c u m e n t   S t y l e        @    . . ^ 
      2      I.3
   
 Ԁ               Ԉ     l       2         : T e c h n i c a l [ 5 ]   T e c h n i c a l   D o c u m e n t   S t y l e       . .  2     (1)3
   
 Ԁ.    l       2         : T e c h n i c a l [ 6 ]   T e c h n i c a l   D o c u m e n t   S t y l e       . .  2     (a)3
   
 Ԁ.    l       /   %      : T e c h n i c a l [ 2 ]   T e c h n i c a l   D o c u m e n t   S t y l e   2     A.3
   
 Ԁ
               . .      l       ,   !      : T e c h n i c a l [ 3 ]   T e c h n i c a l   D o c u m e n t   S t y l e   2     1.3
   
 Ԁ
               . .      l      (   !      : T e c h n i c a l [ 4 ]   T e c h n i c a l   D o c u m e n t   S t y l e   2     a.3
   
 Ԁ
               . .      l       :   0      : T e c h n i c a l [ 1 ]   T e c h n i c a l   D o c u m e n t   S t y l e   
      2      I.3
   
 Ԁ                    . .      l       1         : T e c h n i c a l [ 7 ]   T e c h n i c a l   D o c u m e n t   S t y l e       . .  2     i)3
   
 Ԁ.    l       1         : T e c h n i c a l [ 8 ]   T e c h n i c a l   D o c u m e n t   S t y l e       . .  2     a)3
   
 Ԁ.< 6X  9   ` (   C o u r i e r                          $ 3 5 ; A G M S [ a 1     1 .   a .   i .   A .   I .   ( a )   i )   a )       R       &          8 B i b l i o g r p h y   B i b l i o g r a p h y   0    . .       . .      j       o            4 T e c h   I n i t   I n i t i a l i s e   T e c h n i c a l   S t y l e   S 	"                      1 .1 .1 .1 .1 .1 .1 .1                  S                                        C u y       T e c h n i c a l   T e c h n i c a l   D o c u m e n t   S t y l e   1   1 . 1   1 . 1 . 1   1 . 1 . 1 . 1   1 . 1 . 1 . 1 . 1   1 . 1 . 1 . 1 . 1 . 1   1 . 1 . 1 . 1 . 1 . 1 . 1   1 . 1 . 1 . 1 . 1 . 1 . 1 . 1       x   ?               t2 P l e a d i n g   H e a d e r   f o r   n u m b e r e d   p l e a d i n g   p a p e r                      V            (                 2K$       
   !                   6  "  
   @    `   8"   X6         UKUS. ,                  T R  X3'                                                                             3'                                                                           3' S t a n d a r d                                                          3'                                                                              TC 	                   $   #;                 C -                                    -         E7~ E  X X                    f          p        2 D o c   I n i t   I n i t i a l i s e   D o c u m e n t   S t y l e    &    S 	*  
              I. 1. A. a.(1)(a) i) a)                 S                       ' ( )           (                  $       0
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     (                  $       0
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 0
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     (       (           $       0
    
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 0
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          A _ e k q w    D o c u m e n t   D o c u m e n t   S t y l e   I .   1 .   A .   a .   ( 1 )   ( a )   i )   a )       &                    $ 2         &                    $ 3         @       &          & 1 0   B i b l i o g r a p h y   0    . .       . .      &                    $ 4         ^       0            6 s e t   u p   B / S   L / R   &   T / B ,   B / S   E T C .                h    h     \       J            4 S e t u p   B / S   L / R   &   T / B ,   B / S   E T C .                X    h      d   t                        2 E n v e l o p e   D e f i n e   a n   e n v e l o p e   f o r   p r i n t i n g   -   L a s t   P a g e   o n l y !              \  R    V,                                                                         \     p    t         t                        , L a b e l   D e f i n e   a   L a b e l   f o r   p r i n t i n g   -   L a s t   P a g e   o n l y !              \  R    V,                                                                         \         t              \       y      l    , 1 1   p t   ( a s   a   c o r p o r a t i o n )   e t c .       &      && S T          ' xz  A   `   & H e l v e t i c a   N a r r o w       S 
              &      && S T          ' xz  A   `   & H e l v e t i c a   N a r r o w       S     R       S      F   : B o l d   ( 1 1   p t )   D a t e   o n   F l y       &      && - R          ' cB	            - 
              &      && - R          ' cB	            -          x                  6 1 . I N S T R U C T   W h e n   a n d   h o w   t o   u s e   F I N A N C I A . S T Y   Thisstylecanbeusedforgeneraldocumentcreationsuchasasinglepageofinformationormemosandletterswhereheadingsandbulletsmayneedtobeplacedinthedocument.SelecttheSetuptagtogetstandardmarginsandtabsettings,selecttheMainHeadingtagforthemainheading,theSubhead1tagforthenextlevelofheadingetc.WHENYOUHAVEFINISHEDREADINGTHISINFORMATION,PRINTITIFYOUWISHANDTHENDELETETHE[STYLEON]CODEFROMTHEDOCUMENTSCREEN.    ^       6            2 T o p   L i n e   H o r i z o n t a l   l i n e   ( t o p )   6 N S '                
$ T        d6     R       F       F    , 1 2   p t   F / S ,   A / R ,   B / S   e t c .       X      XX - R          ' cB	            -     X      XX - R          ' cB	            -     V       F       F    , 1 4   p t   C o m p a n y   N a m e   H e a d i n g              - R          ' cB	            -            - R          ' cB	            -     R                   4 S e t u p   F l y   F l y   &   A u d .   R e p              C K          * A>	  A   `    A r i a l       T T   C     
                               # e   3 7 = C I Q Y a g       1 .   a .   i .   ( 1 )   ( a )   ( i )   1 )   a )       J                   , S e t u p   F l y   &   A u d .   R e p              C K          * A>	  A   `    A r i a l       T T   C     
                  N       >            2 T a b s   1   M   T a b s   C o l .   1   M   &     X    \  t"&     )     ,      &                    $ 7         &                    $ 5         P       B         0 H e a d i n g   C h a p t e r   H e a d i n g   @    . . 
  2      I.3
   
 Ԁ
            Ԉ    t       O          4 R i g h t   P a r   R i g h t - A l i g n e d   P a r a g r a p h   N u m b e r s       . . 
  2       I.3
   
 Ԁ     0    . .       L       =         6 S u b h e a d i n g   S u b h e a d i n g   2     A.3
   
     . .   
              B       2            * M E M O   M e m o   f o r m a t                    X  X     ^                  J* P G N O   T o   s t a r t   p g   n o .   o n   p a g e   2     E         
     
 F  ' 6  "  
   @    `   8"   X6    UKUS. ,  C 	                   $   #P                 C -                                    -                 X  X X   o  [     X   `	   h   p    x   (# % ' 0* , . 81 3 5 @8 : < H? A  Ho @    (        1
   
 ڀ   	           (                 2K$       
   !                   6  "  
   @    `   8"   X6         UKUS. ,                  T R  X3'                                                                             3'                                                                           3' S t a n d a r d                                                          3'                                                                              TC 	                   $   #;                 C -                                    -         E7~ E  X X                    &                    $ 6         &                    $ 8         (                 p$           <    <     <B    <B 6  "  
   @    `   8"   X6         UKUS. ,                  T R  X3'                                                                           X3'                                                                           3' S t a n d a r d                                                          3' S t a n d a r d                                                             TC 	                   $ $                 C -                                    -         > >  X X      ^                  3 s y       9   R i g h t - A l i g n e d   P a r a g r a p h   N u m b e r s   I .   A .   1 .   a .   ( 1 )   ( a )   i )   a )   * A>	  A   `    A r i a l       T T    < 6X  9   ` (   C o u r i e r                                                                                                         Xx 6X   @ K  X@' xz  A   `   & H e l v e t i c a   N a r r o w                                                                                       &V xz    P C &P' cB	                    e t i c a   N a r r o w                                                                                       &V cB	    pP fQ  &p' cB	                    e t i c a   N a r r o w                                                                                       XA^ cB	    pP fQ  Xp' cB	                    e t i c a   N a r r o w                                                                                       m cB	    pP fQ  p* A>	  A   `    A r i a l       T T   a r r o w                                                                                       U A>	    P fQ  P    (                 3Ei$       
   !                   6  "  
   @    `   8"   X6         UKUS. ,                  T R  X3'                                                                             3'                                                                           3' S t a n d a r d                                                          3'                                                                              TC 	                   $   #;                 C -                                    -         E7~ E  X X                                   d    '                          d x    d    (                  $       Figure    1
   
                                         L e v e l   1                   L e v e l   2                   L e v e l   3                   L e v e l   4                   L e v e l   5               ' cB	                     ' xz  A   `   & H e l v e t i c a   N a r r o w           (   @              $       6  "  
   @    `   8"   X6         UKUS. ,                  T R  Y 3'                                                                             3'                                                                           3' S t a n d a r d                                                          3'                                                                              TC 	                   $   #P                 C -                                    -       
     
 $  ( 6  "  
   @    `   8"   X6    UKUS. ,  C 	                   $   #P                 C -                                    -                 X  X X   o  [     X   `	   h   p    x   (# % ' 0* , . 81 3 5 @8 : < H? A  Ho             X            X ? N S '                   *       dE *? ? N S '                   *       dE *?     HH  1    HH  2    HH  3    HH  4    HH  5    HH  6    HH  7    HH  8    HH  9      10      11      12      13      14      15      16      17      18      19      20      21      22      23      24      25      26      27      28       .+     (   q              g$       6  "  
   @    `   8"   X6         UKUS. ,                  T R  X3'                                                                           X3'                                                                           3' S t a n d a r d                                                          3' S t a n d a r d                                                             TC 	                   $ $                 C -                                    -         I~ I  X X                (   @              $       6  "  
   @    `   8"   X6         UKUS. ,                  T R  Y 3'                                                                             3'                                                                           3' S t a n d a r d                                                          3'                                                                              TC 	                   $   #P                 C -                                    -      - )  A   Z  " A r i a l   R e g u l a r         
   {  D |  I }   ~  I         E      D    [z"$ V   3| x        
       _   _                 T A B L E   A   _     T A B L E   A   
   !                   6  "  
   @    `   8"   X6         UKUS. ,                  T R  X3'                                                                             3'                                                                           3' S t a n d a r d                                                          3'                                                                              TC 	                   $                           C -                                    -         Eg8 E  X X                T      T  X    7    	'      X       d    &   &       d 7     
  Y  E1: E E Eg8  Y    EY E1:  T R X3' B o n d                                                                  X3'                                                                           3' B o n d                                                                  3' S t a n d a r d                                                           T @      MATERIALCHANGEREPORT   	       2                         1
   
 .3
   
 Ԁ0     ReportingIssuer:    5 I#I#  0     OrbitOil&GasLtd.    I#I#  0     2000,1444thAvenueS.W.    I#I#  0     Calgary,AlbertaT2P3N4    I#I#  0         I#I#  2                        2
   
 .3
   
      DateofMaterialChange:   	 k	   0     January7,1998    I#I#  2                        3
   
 .3
   
      NewsRelease   	 F
   0     ApressreleasewasreleasedthroughthefacilitiesofCanadaNewsWireonJanuary7,1998.    I#I#  2                        4
   
 .3
   
 0     SummaryofMaterialChange:    e I#I#  0     OrbitOil&GasLtd.( Orbit),HumboldtCapitalCorporation( Humboldt)andcertainofficersofOrbitenteredintoanagreementwithSunomaEnergyCorp.( Sunoma)datedJanuary7,1998(the AcquisitionAgreement)pursuanttowhichSunomaagreedtoincreaseitsoffer(the Offer)topurchasealloftheoutstandingcommonsharesofOrbitto$1.77incashforeachcommonshareofOrbit( OrbitShare).    I#I#  0         I#I#  2                        5
   
 .3
   
 &  y 0     FullDescriptionofMaterialChange:     I#I#  '  y
   0     PursuanttotheAcquisitionAgreement,SunomaagreedtoincreasetheconsiderationofferedundertheOfferto$1.77incashforeachOrbitShareandtoextendtheexpirytimeoftheOffertomidnightonthe10thdayfollowingthemailingtoOrbitshareholdersofanoticeofvariationrelatingtotheamendmentscontemplatedbytheAcquisitionAgreement(whichwillbemailednolaterthanJanuary12,1998).SunomaagreedtowaiveallotherconditionsoftheOfferiftheminimumconditionsetforthintheOfferismet(providedthattheacquisitionoftheOrbitSharesthereunderisnotsubjecttoanyrestrictionsunderapplicablelaw)andtotakeupandpayforallOrbitSharestenderedpursuanttotheOfferassoonaslegallypermissible.    I#I#  0     EachofHumboldtandvariousofficersofOrbitagreedtotender,andnotwithdraw,alloftheOrbitShareswhichtheyownorexercisecontroloverandtoexerciseanyoptionstopurchaseOrbitSharesandalsotendersuchOrbitSharestotheOffer.    I#I#  0     OrbitrepresentedthatitsboardofdirectorshasdeterminedtorecommendacceptanceoftheOfferandhasbeenadvisedbyOrbitsfinancialadvisors,GriffithsMcBurney&PartnersInc.,thattheOfferisfairfromafinancialpointofviewtoshareholders.OrbitrepresentedthatitsboardofdirectorsresolvedtowaiveapplicationoftheshareholderprotectionrightsplantotheOffer.    I#I#  
    
     ,c(1   0     IfSunomaacquiresanyOrbitSharespursuanttotheOffer,SunomaandOrbitagreetouse
    
 allreasonableeffortstoenableSunomatoacquirethebalanceofthesharespursuanttoacompulsoryacquisitionorothersubsequentacquisitiontransactioncarriedoutforaconsiderationpershareofnotlessthan$1.77.    I#I#  0     UpontherequestofSunoma,followingtheacquisitionbySunomaofnotlessthan50.1%oftheoutstandingOrbitShares(onafullydilutedbasis),OrbitagreedtouseallreasonableeffortstocausetheresignationofeachofthedirectorsofOrbitasSunomamaydesignateconsistingofatleastamajorityofthedirectorsandMessrs.LamondandTeareagreedtoresignasofficersofOrbit.    I#I#  0     Orbitagreednottomake,solicit,initiateorencourageinquiriesfromorthesubmissionofproposalsoroffersfromanypersonrelatingtoanymerger,amalgamation,acquisitionorpurchaseofalloramaterialportionofOrbitsbusiness,assetsoroutstandingsecuritiesorasimilartransaction.    I#I#  &  y 2                        6
   
 .3
   
      RelianceonConfidentialityProvision:   	 w0   '  yw        NotApplicable&  L 2                        7
   
 .3
   
 0     OmittedInformation:    | I#I#       NotApplicable'  Lk   &   2                        8
   
 .3
   
      SeniorOfficer:   	    0     Forfurtherinformation,pleasecontact:    I#I#  0     '  ,   PeterFarkas    I#I#  0     ExecutiveVicePresident    I#I#  0     OrbitOil&GasLtd.,2100,1444thAvenueS.W.,Calgary,Alberta,T2P3N4,(403)7504400.    I#I#  &   2                        9
   
 .3
   
      StatementofSeniorOfficer:   	 z!3!        Theforegoingaccuratelydisclosesthematerialchangereferredtointhisreport.C 	*  
            $                 C       	                     DATEDJanuary8 { 7{ ,1998attheCityofCalgary,intheProvinceofAlberta.*w _     `         d                      d d      X      d d      X      d d      X             I#I#w ,    d d            ,    d d            ,    d d            +
   
    
 l&% '   
   	 & (   
   	 & )    (signed    :)   ) C.StevenCohen 񀀀   	 & *        	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *      	 & *        | CharlesA.Teare| } C.StevenCohen}    	 '\!+   '  z!    ~ ExecutiveVicePresidentandChiefFinancialOfficer~  Secretary     v(/",            
      H cc:     TheTorontoStockExchange   	  +$.   .R ]  B I : \ S E D A R \ C S C \ 0 3 4 8 1 4 \ 0 0 8 5 \ M C R 2 . W 6 1 R I:\SEDAR\CSC\034814\0085\MCR2.W61/
   
 