Vantage Drilling Company (AMEX:VTG)

marketbeater80 (38.04) Submitted: 2/25/2011 1:30:56 PM : Start Price: $2.02 VTG Score: -27.80

HOUSTON, TX -- (MARKET WIRE) -- 12/14/2010 -- Vantage Drilling Company ("Vantage") (NYSE Amex: VTG.U) (NYSE Amex: VTG) (NYSE Amex: VTG.WS) announced today a contract award for a drilling program in Southeast Asia consisting of two wells plus an option well. The anticipated duration of the first two wells is fourteen months. The contract is anticipated to commence in the third quarter 2011 utilizing the Topaz Driller, or alternatively the Emerald Driller or Aquamarine Driller. The actual rig assignment will be based on the best suited availability to maintain continuous work throughout the fleet. The rig will receive project specific upgrades before transit to the initial well location. Estimated revenues to be generated over the initial term of the contract are approximately $77.9 million, including customer reimbursement of upgrade costs.

HOUSTON, TX -- (MARKET WIRE) -- 12/29/2010 -- Vantage Drilling Company ("Vantage" or, the "Company") (NYSE Amex: VTG.U) (NYSE Amex: VTG) (NYSE Amex: VTG.WS) is pleased to announce that the ultra-deepwater drillship, Platinum Explorer, commenced operations for Oil & Natural Gas Corporation Limited (ONGC) in India today. The Platinum Explorer is contracted for five years with corresponding estimated revenues of approximately $1.1 billion.

Earnings on 8-Mar-11   are going to be great IMO.