Vantage Energy Services Inc fka VTG

[koen2]

I think there are no problems with the petrobas contract for the titanium.
http://www.marketwired.com/press-release/-2035257.htm

i believe the board that they are standing firm in there boots on this.

market is looking bad for the moment.
But we have contracts to the end of 2015.

forget the jack-ups they only count for a minor % in revenu
without them we still make a profit.

And also remember we have the most modern fleet in the world.
The deepwaterdrilships are the most high spec of there kind.

these arent going to be scraped ,could be ready or warm stacked for a while.

But in the end explorationcompanys are going for new equipment.
In the end when prices do pick up we have a global shortage in drilling rigs.

And that is where the fun starts, day rates on these kind of vessels are going trough the roof.