Vantage Drilling Company reported a net loss of $4.3 million or $0.02 per diluted share for the three months ended December 31, 2009 as compared to net loss of $43.5 million or $0.57 per diluted share for the three months ended December 31, 2008. Net income for the fiscal year ended December 31, 2009 was $8.8 million or $0.07 per share as compared to a net loss of $47.4 million or $0.78 per share for the year ended December 31, 2008.
Paul Bragg, President and Chief Executive Officer, commented, "The Company took giant strides in 2009 and thereafter, as we deployed all four of our new jackup rigs. Our first deepwater rig, Platinum Explorer, is on track for on-time delivery in November 2010."
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