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VTG Vantage Drilling Company featured news, full reports, and detailed charts

Vantage Drilling Company (VTG) Wrap Up:

Vantage Drilling Company, a development stage company, operates as an offshore drilling contractor. The company focuses on developing and operating a fleet of drilling rigs, as well as contracting drilling rigs, related equipment, and work crews to drill oil and gas wells. Vantage Drilling Company was founded in 2006 and is based in Houston, Texas.
www.vantagedrilling.com
92 Employees
Founded in 2006

Vantage Drilling Company (VTG:AMEX)

LAST $1.77 USD
CHANGE TODAY 0.00 0.00%
VOLUME 69.6K
As of 10:09 AM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Vantage Drilling Company (VTG)

OPEN
$1.77
PREVIOUS CLOSE
$1.77
DAY HIGH
$1.79
DAY LOW
$1.76
52 WEEK HIGH
04/6/09 - $2.50
52 WEEK LOW
12/16/08 - $0.60
MARKET CAP
322.3M
AVERAGE VOLUME 3 mo
1.1M
DILUTED EPS TTM
$-0.56
SHARES OUTSTANDING
182.1M
VTG Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

VTG Top Compensated Officers

Mr. Paul A. Bragg
Chairman and Chief Executive Officer
Age: 53
Total Annual Compensation: $537.1K
Mr. Douglas G. Smith
Chief Financial Officer, Vice President and T...
Age: 40
Total Annual Compensation: $467.5K
Mr. Douglas W. Halkett
Chief Operating Officer
Age: 48
Total Annual Compensation: $693.5K
Mr. Michael R. C. Derbyshire
Vice President of Marketing
Age: 55
Total Annual Compensation: $468.4K
Mr. Donald Munro
Vice President of Operations
Total Annual Compensation: $314.1K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Vantage Drilling Company (VTG)

Vantage Drilling Company Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009

Vantage Drilling Company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $6.8 million or $0.05 per diluted share compared to a net loss of $4.6 million or $0.06 per diluted share for the three months ended September 30, 2008. Revenues for the third quarter of 2009 were approximately $36.4 million. Income from operations was $9.7 million compared to loss from operations of $5.4 million for the same quarter a year ago. Income before income taxes was $7.9 million compared to loss before income taxes of $5.2 million for the same quarter a year ago. For the nine months ended September 30, 2009, the company reported net income of approximately $13.1 million or $0.13 per diluted share compared to a net loss of approximately $3.9 million or $0.07 per share in the prior year. Revenues for the nine months ended September 30, 2009 were approximately $72.9 million. Income from operations was $19.3 million compared to loss from operations of $8.1 million for the same period a year ago. Income before income taxes was $15.6 million compared to loss before income taxes of $4 million for the same period a year ago. Net cash used in operating activities was $6.1 million and additions to property and equipment of $200.1 million compared to net cash used in operating activities of $2.4 million and additions to property and equipment of $108.4 million for the same period a year ago.

Vantage Drilling Company, Q3 2009 Earnings Call, Nov-09-2009

Vantage Drilling Company, Q3 2009 Earnings Call, Nov-09 2009

Vantage Drilling Company Wins $17.3 Million Contract

Vantage Drilling Company announced the signing of a letter of intent for a drilling contract for one of its ultra-premium jackup rigs. The award is for a four well program in West Africa with an estimated duration of five months commencing in December 2009. The operator will also have options for two additional wells. The estimated revenue over the initial term of the contract is approximately $17.3 million.

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VTG Competitors

Company Last Change
No competitor information is available for VTG.
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation VTG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.3x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

VTG

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VTG transactions

Type
Date
Target
Private Placement
June 5, 2009
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More Recent News About Vantage Drilling Company

More news for VTG

Vantage Drilling prices stock offering

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Vantage Drilling Company Announces Letter of Intent for Ultra-Premium Jackup

Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....
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VANTAGE DRILLING CO Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue22,193  14,296  913   -  Cost of Revenue(5,640)5,640  5,365   -  Gross Profit27,833  8,656  (4,452) -  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative19,637  3,436  1,227  5,410  Non Recurring -   -  38,286   -  Others2,102  1,656  78  11  Total Operating Expenses -   -   -   -  Operating Income or Loss6,094  3,564  (44,044)(5,421)Income from Continuing OperationsTotal Other Income/Expenses Net87  94  92  257  Earnings Before Interest And Taxes6,181  3,658  (43,952)(5,164)Interest Expense1,310  748  56   -  Income Before Tax4,871  2,910  (44,008)(5,164)Income Tax Expense919  552  (541)(613)Minority Interest -   -   -   -  Net Income From Continuing Ops3,952  2,358  (43,468)(4,550)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   -   - ...
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VANTAGE DRILLING CO Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statement

Show all filings for VANTAGE DRILLING CO | Request a Trial to NEW EDGAR Online Pro Form 8-K for VANTAGE DRILLING CO 27-Aug-2009Entry into a Material Definitive Agreement, Other Events, Financial Statement Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information ...
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Vantage Drilling Company Announces Jacking Incident for Sapphire Driller

Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....
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Coverage initiated on Vantage Drilling by FBR Capital

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Vantage Drilling Company Announces Closing of Public Offering of Ordinary Shares

HOUSTON, TX--(Marketwire - 09/01/09) - Vantage Drilling Company ("Vantage") (AMEX:VTG.U - News) (AMEX:VTG - News) (AMEX:VTG.WS - News) announced today that it has closed its public offering of 48,387,000 of its ordinary shares at a price to the public of $1.55 per share. Vantage plans to use the net proceeds from this offering of approximately $70.1 million, after deducting underwriting discounts and commissions and estimated expenses of the offering, as well as the proceeds from the recently announced debt financing for the Aquamarine Driller, to finance the final construction payment for the Aquamarine Driller, and to use the remainder for general corporate purposes and working capital.Johnson Rice & Company L.L.C. acted as sole book-running manager for the offering. The offering was made only by means of a prospectus and related prospectus supplement, copies of which may be obtained fro...
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Vantage Drilling Company Schedules Third Quarter 2009 Earnings Release Date and Conference Call

Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....
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VANTAGE DRILLING CO Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib

Show all filings for VANTAGE DRILLING CO | Request a Trial to NEW EDGAR Online Pro Form 8-K for VANTAGE DRILLING CO 9-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhib Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provi...
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Vantage Drilling Company Reports Third Quarter 2009 Results

HOUSTON, TX--(Marketwire - 11/09/09) - Vantage Drilling Company ("Vantage") (AMEX:VTG.U - News) (AMEX:VTG - News) (AMEX:VTG.WS - News) reports net income of $6.8 million or $0.05 per diluted share for the three months ended September 30, 2009 as compared to a net loss of $4.6 million or $(0.06) per diluted share for the three months ended September 30, 2008. Revenues for the third quarter of 2009 were approximately $36.4 million. For the nine months ended September 30, 2009, Vantage reported net income of approximately $13.1 million or $0.13 per diluted share compared to a net loss of approximately $3.9 million or $(0.07) per share in the prior year. Revenues for the nine months ended September 30, 2009 were approximately $72.9 million.Paul Bragg, President and Chief Executive Officer, commented, "The third quarter of 2009 was another period of solid achievement for Vantage. Our second rig...
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