Vantage Drilling Company Posts 3Q Earnings Report



Vantage Drilling Company has reported a net loss of $4.6 million or ($.06) per diluted share for the three months ended September 30, 2008 as compared to net income of $2.1 million or $.04 per diluted share for the three months ended September 30, 2007.

Net loss for the nine month period ended September 30, 2008 was $3.9 million or ($.07) per diluted share as compared to net income of $2.7 million or $.10 per diluted share for the nine month period ended September 30, 2007.

Paul Bragg, President and Chief Executive Officer, commented, "The third quarter has been a period of growth and accomplishment for Vantage as we have contracted and fully crewed our first Jackup Rig, the Emerald Driller, which will be delivered on budget and ahead of schedule."