Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
its a good thing i didnt bought back in ,was out at $0.16
i think vtg is going to have a hard time to survive.
No it isn't, I think it's time to get out and wait for a better entry.
$VTG Not looking good here so far. Oil Keeps Climbing While $VTG Keeps Dropping.
$VTG .16 May Get Busier With Oil Waking Up.
What range you flipping in?
It seems like i can buy back in.
Going to wait a few days ,possible trying $0.12 again.
Now selling at $0.16 seems not that bad.
This can really move out of thin air.
Didnt bought back in like always
dont think so whats happening ,going up strong.
.012 next stop and then it might move up. Following very closely!
why ,four updays in a row ,yesterday small loss.
Today is going to be red my guess.
Nothing go's up in a straight line.
im going to have a try to flip,sold yesterday at $0.16.
Hoping to buy in around $0.14
Normally i dont do this. but going to give it a try.
so i have the same amount of shares and some spare cash to trade to buy ultimatly more shares.
I think i flipped this 10 times in the last week,easy pickens!! And i really dont flip stocks,but its to easy here!!!
Zacks Upgrades Vantage Drilling Company to “Hold” $VTG http://ift.tt/1JN2sSy
$VTG
Vantage Drilling Company Reports Second Quarter Results for 2015
1 comment | Tue August 4, 2015 7:00 AM|Marketwire | About: VTG
HOUSTON, TX -- (Marketwired) -- 08/04/15 -- Vantage Drilling Company (VTG) ("Vantage" or the "Company") (NYSE MKT: VTG) reports net income for the three months ended June 30, 2015 of $25.0 million or $.07 per diluted share as compared to earnings of $10.2 million or $.03 per diluted share for the three months ended June 30, 2014.
The three months ended June 30, 2015 includes approximately $5.6 million of gains on the early retirement of debt as compared to a loss on the early retirement of debt of $1.4 million in the prior year. The strong operating results for the second quarter also required us to re-evaluate our effective tax rate for the year and combined with tax impact of the early retirement of debt resulted in a $2.7 million favorable adjustment to our tax provision as compared to a $3.5 million unfavorable adjustment in the second quarter 2014. Adjusting for these items, pro forma net income for the three months ended June 30, 2015 was approximately $16.6 million or $.05 per diluted share as compared to $15.1 million or $.05 per diluted share for the three months ended June 30, 2014.
The total debt retirement for the first half of 2015, including scheduled maturities and open market purchase of debt, totaled approximately $140.0 million at face value. Following the end of the quarter, we continued to acquire debt in the open market and have retired approximately $150.0 million of debt year to date with an annualized interest savings of approximately $9.7 million.
Paul Bragg, Chairman and Chief Executive Officer, commented, "During the 2nd quarter, we continued our strong operating performance and maintained our focus on strengthening the balance sheet. In just over six quarters, we have now retired approximately $350 million of outstanding debt and greatly reduced our current debt, improving our 2015 and 2016 liquidity."
Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with an owned fleet of three ultra-deepwater drillships, the Platinum Explorer, the Titanium Explorer and the Tungsten Explorer, as well as an additional ultra-deepwater drillship, the Cobalt Explorer, now under construction, and four Baker Marine Pacific Class 375 ultra-premium jackup drilling rigs. Vantage's primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells. Vantage also provides construction supervision services for, and will operate and manage, drilling units owned by others. Through its fleet of seven owned drilling units, Vantage is a provider of offshore contract drilling services globally to major, national and large independent oil and natural gas companies.
The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the company's filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.
Vantage Drilling Company
Consolidated Statement of Operations
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
-------------------- --------------------
2015 2014 2015 2014
--------- --------- --------- ---------
Revenue
Contract drilling services $ 202,888 $ 198,279 $ 410,869 $ 413,211
Management fees 1,902 5,969 3,783 10,551
Reimbursables 7,471 15,470 15,258 28,421
--------- --------- --------- ---------
Total revenue 212,261 219,718 429,910 452,183
--------- --------- --------- ---------
Operating costs and expenses
Operating costs 95,249 98,002 191,357 199,724
General and administrative 8,066 8,366 16,931 16,481
Depreciation 31,781 31,630 63,404 63,255
--------- --------- --------- ---------
Total operating costs and
expenses 135,096 137,998 271,692 279,460
--------- --------- --------- ---------
Income from operations 77,165 81,720 158,218 172,723
Other income (expense)
Interest income 5 11 11 24
Interest expense and other
financing charges (48,641) (54,286) (99,195) (108,773)
Gain (loss) on debt
extinguishment 5,616 (1,407) 26,222 (1,513)
Other, net 1,962 (539) 1,624 240
--------- --------- --------- ---------
Total other income (expense) (41,058) (56,221) (71,338) (110,022)
--------- --------- --------- ---------
Income before income taxes 36,107 25,499 86,880 62,701
Income tax provision 11,143 15,321 40,486 27,699
--------- --------- --------- ---------
Net income $ 24,964 $ 10,178 $ 46,394 $ 35,002
========= ========= ========= =========
Earnings per share
Basic $ 0.08 $ 0.03 $ 0.15 $ 0.11
Diluted $ 0.07 $ 0.03 $ 0.15 $ 0.11
Vantage Drilling Company
Supplemental Operating Data
(Unaudited, in thousands, except percentages)
Three Months Ended Six Months Ended
June 30, June 30,
-------------------- --------------------
2015 2014 2014 2013
--------- --------- --------- ---------
Operating costs and expenses
Jackups $ 20,749 $ 22,401 $ 45,012 $ 46,161
Deepwater 60,861 51,233 116,944 107,043
Operations support 7,440 10,342 16,764 21,102
Reimbursables 6,199 14,026 12,637 25,418
--------- --------- --------- ---------
$ 95,249 $ 98,002 $ 191,357 $ 199,724
--------- --------- --------- ---------
Utilization
Jackups 75.0% 99.2% 85.5% 99.6%
Deepwater 98.2% 83.1% 95.9% 89.8%
Vantage Drilling Company
Consolidated Balance Sheet
(In thousands, except par value information)
June 30, December 31,
2015 2014
------------ ------------
(Unaudited)
ASSETS
Current assets
Cash and cash equivalents $ 30,556 $ 82,812
Trade receivables 141,932 153,428
Inventory 67,037 65,892
Prepaid expenses and other current assets 20,188 28,618
------------ ------------
Total current assets 259,713 330,750
------------ ------------
Property and equipment
Property and equipment 3,553,789 3,524,566
Accumulated depreciation (469,361) (406,674)
------------ ------------
Property and equipment, net 3,084,428 3,117,892
------------ ------------
Other assets
Investment in joint venture 1,106 1,318
Other assets 68,603 79,897
------------ ------------
Total other assets 69,709 81,215
------------ ------------
Total assets $ 3,413,850 $ 3,529,857
============ ============
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable $ 46,540 $ 59,139
Accrued liabilities 97,088 101,537
Current maturities of long-term debt, net of
discount of $42 and $1,181 65,314 95,378
------------ ------------
Total current liabilities 208,942 256,054
------------ ------------
Long-term debt, net of discount of $18,903 and
$25,875 and current maturities 2,531,003 2,632,802
Other long-term liabilities 69,363 85,327
Commitments and contingencies
Shareholders' equity
Preferred shares, $0.001 par value, 10,000
shares authorized; none issued or outstanding - -
Ordinary shares, $0.001 par value, 500,000
shares authorized; 311,024 and 307,808 shares
issued and outstanding 311 308
Additional paid-in capital 907,607 905,136
Accumulated deficit (303,376) (349,770)
------------ ------------
Total shareholders' equity 604,542 555,674
------------ ------------
Total liabilities and shareholders' equity $ 3,413,850 $ 3,529,857
============ ============
Vantage Drilling Company
Consolidated Statement of Cash Flows
(In thousands)
(Unaudited)
Six Months Ended
June 30,
--------------------
2015 2014
--------- ---------
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $ 46,394 $ 35,002
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation expense 63,404 63,255
Amortization of debt financing costs 5,139 5,834
Amortization of debt discount 5,392 5,676
Non-cash (gain) loss on debt extinguishment (26,213) 1,513
Share-based compensation expense 3,370 4,284
Deferred income tax benefit (534) (343)
Equity in loss of joint venture 212 235
Loss on disposal of assets 158 663
Changes in operating assets and liabilities:
Restricted cash - 2,125
Trade receivables 11,496 13,988
Inventory (1,145) (5,068)
Prepaid expenses and other current assets 8,905 5,054
Other assets 4,613 10,521
Accounts payable (12,599) (7,453)
Accrued liabilities and other long-term liabilities (23,546) 4,527
--------- ---------
Net cash provided by operating activities 85,046 139,813
--------- ---------
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment (26,878) (19,262)
--------- ---------
Net cash used in investing activities (26,878) (19,262)
--------- ---------
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of long-term debt (110,424) (76,261)
Repayment of revolving credit agreement, net - (10,000)
--------- ---------
Net cash used in financing activities (110,424) (86,261)
--------- ---------
Net increase (decrease) in cash and cash
equivalents (52,256) 34,290
Cash and cash equivalents--beginning of period 82,812 54,686
--------- ---------
Cash and cash equivalents--end of period $ 30,556 $ 88,976
========= =========
Public & Investor Relations Contact:
Paul A. Bragg
Chairman & Chief Executive Officer
Vantage Drilling Company
(281) 404-4700
Source: Vantage Drilling Company
http://seekingalpha.com/pr/14293885-vantage-drilling-company-reports-second-quarter-results-for-2015
Get them while their cheap people,cuz another run is coming!!!!!
if oil is at $50 a barrel in 2017 it could be.
But for the moment i say only a 20% chance.
The good thing is we are already priced at BK value.
So downward risk is minimal.
i'm buying all i can.
Looking for some 12s to reenter!!! co.still looks good!!!
I MADE A GOOD LICK AT 18.5 ON THIS TODAY. THINK I WILL GET A HOLD POSTION AND LET IT RIDE.
HOUSTON, TX--(Marketwired - Aug 4, 2015) - Vantage Drilling Company ("Vantage" or the "Company") (NYSE MKT: VTG) reports net income for the three months ended June 30, 2015 of $25.0 million or $.07 per diluted share as compared to earnings of $10.2 million or $.03 per diluted share for the three months ended June 30, 2014.
The three months ended June 30, 2015 includes approximately $5.6 million of gains on the early retirement of debt as compared to a loss on the early retirement of debt of $1.4 million in the prior year. The strong operating results for the second quarter also required us to re-evaluate our effective tax rate for the year and combined with tax impact of the early retirement of debt resulted in a $2.7 million favorable adjustment to our tax provision as compared to a $3.5 million unfavorable adjustment in the second quarter 2014. Adjusting for these items, pro forma net income for the three months ended June 30, 2015 was approximately $16.6 million or $.05 per diluted share as compared to $15.1 million or $.05 per diluted share for the three months ended June 30, 2014.
The total debt retirement for the first half of 2015, including scheduled maturities and open market purchase of debt, totaled approximately $140.0 million at face value. Following the end of the quarter, we continued to acquire debt in the open market and have retired approximately $150.0 million of debt year to date with an annualized interest savings of approximately $9.7 million.
Paul Bragg, Chairman and Chief Executive Officer, commented, "During the 2nd quarter, we continued our strong operating performance and maintained our focus on strengthening the balance sheet. In just over six quarters, we have now retired approximately $350 million of outstanding debt and greatly reduced our current debt, improving our 2015 and 2016 liquidity."
http://finance.yahoo.com/news/vantage-drilling-company-reports-second-110000536.html
HOUSTON (AP) _ Vantage Drilling Co. (VTG) on Tuesday reported second-quarter profit of $25 million.
The Houston-based company said it had profit of 7 cents per share. Earnings, adjusted for non-recurring gains, came to 5 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The offshore drilling company posted revenue of $212.3 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $209.2 million.
http://finance.yahoo.com/news/vantage-tops-street-2q-forecasts-111848994.html
I think questions about.
The cobalt --> how they going to manage it
status on the nobu-su case and whats the impact on it.
the contracting of the Titanium Explorer drillship with Petrobrás.
I hope for some new insight on these matters.
conference call at 11am ...40mins from now...good to hear leaders take on increasing revs...profitable vtg...beat all expectations...gl
profit taking for now.
Lets see where it leads to.
if price stays here for the rest of the month ,its good so i can buy more .
status on the cobalt
We made the initial milestone shipyard payment of $59.5 million on the Cobalt Explorer in July 2013. We agreed with the shipyard to defer the second milestone payment of $59.5 million to July 15, 2015; however, we have not made the payment at this time. We are discussing with the shipyard both a further delay of this payment and possible extensions for the delivery of the Cobalt Explorer beyond the current scheduled delivery in the first half of 2016. If we fail to reach an agreement with the shipyard within 30 days of the due date for the second milestone payment, the shipyard may, at its option, terminate the construction contract. In the event the shipyard terminates the contract, all supplies delivered to the shipyard would become the property of the shipyard, and the shipyard would be entitled to retain all milestone and other payments made by us to the shipyard to date. Furthermore, the shipyard could elect to sell the Cobalt Explorer and may claim any deficiency in proceeds against the Company. The final payment due to the shipyard at delivery is approximately $476.0 million. We are currently pursuing drilling contracts for the Cobalt Explorer, and the commencement, duration and profitability of any such contracts is a significant factor that will affect our financing alternatives.
so two weeks to make secons payment.I think we get an update soon.
If its good we are in verry good shape.
not much volume ,if shorters panic it could go high.
not many peeps willing to sell down here.thats great
I'll guess it'll close around around .18 cents today
I think vtg is a value buy long term.
The only thing that has to be taken care of in the next quarter is the cobalt,i was hoping on a positive note for that.
according to the 10k they didnt made the second payment for the cobalt.they are negotiating a new timeline for the ships delivery.
Im thrilled with the second quarter results. And i'm long vtg.
But thinking after the open the shorters are going to have one last shot to bring it down again.
My ends day prediction $0.168
Is all good ,time enough to buy more.
GLTYA
lets play a game...closing price at 4pm today predictions,,,keep in mind we are fleas on the back of big money that is both buying on the awesome revenues that beat all expectations and buying to cover short positions...i'll go first: 0.31...bragging rights to winner:)...gl
Up on low volume pre-market. Which is less then $10,000 in trades. The real value will be on open. I bet a .17 or higher open, with people dumping that bought at .13-.14 - which is a great profit
wich i bought more ,but didnt had the funds.
i was all in.
up more then 60% in pre market dang.
bot 10 million debt in July...vtg has cash and generates rockin revenues....awesome quarter and 1h2015 relative to year ago...wish all my investments produced revs and bot debt back like vtg just communicated....dang...wish I had gone all in and bought millions of shares yesterday...woulda, coulda, shoulda,...
total debt is below 2.6 billion. the face value of that debt is only 1.7 billion.
This brings the book value over $2 a share.
earnings of 25 mil. 7 cent a share for a 12 cent company thats not bad. look at the gain on interest rates retiring debt for more then 70mil on the quarter.
This stock is the most undervalued stock on the amex.
Im pretty sure yesterday was the all time bottom on the stock.
I hope you did-)
But i think all buys in the next month are going to be good.
im all in here .
Thinking of getting in this hour before the Q tomorrow. Could be a good op if news is positive.
Followers
|
26
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
513
|
Created
|
04/16/08
|
Type
|
Free
|
Moderators |
## source: finance.yahoo.com
Sat, 14 Mar 2015 17:04:13 GMT ~ VANTAGE DRILLING CO Financials
read full: http://finance.yahoo.com/q/is?s=vtg
*********************************************************
Mon, 09 Mar 2015 00:08:08 GMT ~ 10-K for Vantage Drilling Co.
read full: http://www.companyspotlight.com/routers/headline/21451/10004/6459975?cp_code=YAH1&1425859688
*********************************************************
Fri, 06 Mar 2015 20:52:29 GMT ~ Oil Servicer Vantage Drilling Plans to Buy Back More of Own Debt
read full: http://www.bloomberg.com/news/articles/2015-03-06/oil-servicer-vantage-drilling-plans-to-buy-back-more-of-own-debt?cmpid=yhoo
*********************************************************
Fri, 06 Mar 2015 19:16:07 GMT ~ Vantage Drilling Company Reports Fourth Quarter and Record Annual Results for 2014
[at noodls] - Vantage Drilling Company Reports Fourth Quarter and Record Annual Results for 2014
read full: http://www.noodls.com/view/560CEB9D5EACE96D20ADFAC42CFE891505119D74
*********************************************************
Fri, 06 Mar 2015 19:06:53 GMT ~ VANTAGE DRILLING CO Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
read full: http://biz.yahoo.com/e/150306/vtg8-k.html
*********************************************************
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/VTG/company-info
Ticker: $VTG
OTC Market Place: Not Available
CIK code: 0001419428
Company name: Vantage Drilling Co.
Incorporated In: Cayman Islands
Business Description:
## source: otcmarkets.com
Market Value: $122,362,634 a/o Apr 21, 2015
Shares Outstanding: 310,486,258 a/o Feb 11, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
Company name: Vantage Drilling Co.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/VTG/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/VTG/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=VTG+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=VTG+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=VTG+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/VTG/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/VTG/news - http://finance.yahoo.com/q/h?s=VTG+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/VTG/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/VTG/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/VTG/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/VTG/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/VTG/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/VTG/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/VTG/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/VTG/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=VTG+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/VTG
DTCC (dtcc.com): http://search2.dtcc.com/?q=Vantage+Drilling+Co.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Vantage+Drilling+Co.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Vantage+Drilling+Co.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/VTG/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/VTG
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/VTG/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/VTG/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/VTG/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001419428&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/VTG/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/VTG/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/VTG/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/VTG/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=VTG&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=VTG
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/VTG/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=VTG+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=VTG+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=VTG
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=VTG
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=VTG+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/VTG/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=VTG+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/VTG.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=VTG
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/VTG/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/VTG/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/VTG/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/VTG/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/VTG
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/VTG
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/VTG:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=VTG
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=VTG
777 Post Oak Blvd, Ste 610
Houston, TX 77056
T: 281-404-4700
F: 281-404-4749
www.vantagedrilling.com
BUSINESS SUMMARY
Vantage Drilling Company is led by an experienced management team dedicated to building a first tier offshore drilling company with a balanced fleet comprised of floaters and jack-ups. We are currently engaged in an extensive new build program that consists of two technologically advanced, dynamically positioned drillships and four ultra-premium Baker Marine Pacific Class 375 independent leg jackups. The drillships are designed to drill in water depths of 12,000 ft to a total drilling depth of 40,000 feet. The jackups are capable of drilling to depths of 30,000 ft. Vantage Energy Services, Inc. does not have significant operations. It intends to acquire, through a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction, joint venture, or other similar business combination, one or more businesses in the oilfield services industry. The company was founded in 2006 and is based in Houston, Texas.
Paul A. Bragg CEO and Director |
|
Douglas Halkett COO |
|
Douglas G. Smith CFO |
|
Christopher G. DeClaire CIO |
|
Edward Brantley Chief Accounting Officer |
|
Michael Derbyshire VP Marketing |
|
Dave Weatherly VP QHSE |
|
Don Munro VP Operations |
|
Bill Thomson VP Engineering and Construction |
|
Rig Name | Manager | Rig Type | Current Region | Current Status |
Aquamarine Driller | Vantage Energy Services | Jackup | Asia - SouthEast | Enroute |
Cobalt Explorer | Vantage Energy Services | Drillship | Asia - Far East | Under Construction |
DragonQuest | Vantage Energy Services | Drillship | Asia - Far East | Under Construction |
Emerald Driller | Vantage Energy Services | Jackup | Asia - SouthEast | Drilling |
Platinum Explorer | Vantage Energy Services | Drillship | Asia - Far East | Under Construction |
Sapphire Driller | Vantage Energy Services | Jackup | Africa - West | Workover |
SeaDragon I | Vantage Energy Services | Semisub | Asia - SouthEast | Under Construction |
SeaDragon II | Vantage Energy Services | Semisub | Asia - SouthEast | Under Construction |
Topaz Driller | Vantage Energy Services | Jackup | Asia - SouthEast | Drilling |
More information can be found at: www.rigzone.com and www.subsea.org/company/listdetails.asp
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |