January 19, 2018 2:45 PM ET

Energy Equipment and Services

Company Overview of Vantage Deepwater Drilling, Inc.

Company Overview

Vantage Deepwater Drilling, Inc. provides offshore drilling contracting services to oil and natural gas companies worldwide. It also offers construction supervision services. The company was founded in 2007 and is based in Houston, Texas. Vantage Deepwater Drilling, Inc. operates as a subsidiary of Offshore Group Investment Limited.

777 Post Oak Boulevard

Suite 800

Houston, TX 77056

United States

Founded in 2007

Phone:

281-404-4700

Fax:

281-404-4749

Key Executives for Vantage Deepwater Drilling, Inc.

Chief Financial Officer, Treasurer and Director
Age: 49
Vice President of Marketing and Business Development
Age: 46
Vice President of Tax and Governmental Compliance
Age: 46
Compensation as of Fiscal Year 2017.

Vantage Deepwater Drilling, Inc. Key Developments

Vantage Deepwater Drilling, Inc. Reports Unaudited Consolidated Earnings Results for the Quarter and Six Months Ended June 30, 2016

Vantage Deepwater Drilling, Inc. reported unaudited consolidated earnings results for the quarter and six months ended June 30, 2016. For the quarter, total revenue was USD 48,511,000 compared to USD 214,383,000 a year ago. Loss from operations was USD 13,530,000 compared to profit of USD 81,192,000 a year ago. Loss before income taxes was USD 34,296,000 compared to profit of USD 37,266,000 a year ago. Net loss attributable to the company was USD 35,734,000 compared to profit of USD 27,927,000 a year ago. Net loss per share, basic and diluted was USD 7.15. For the period from January 1, 2016 to February 10, 2016, total revenue was USD 23,540,000, loss from operations was USD 14,927,000, loss before income taxes was USD 469,644,000, net loss attributable to the company was USD 471,046,000 and net cash used in operating activities was USD 21,365,000. For the period from February 10, 2016 to June 30, 2016, total revenue was USD 78,297,000, loss from operations was USD 32,427,000, loss before income taxes was USD 62,157,000, net loss attributable to the company was USD 64,762,000, net loss per share, basic and diluted was USD 12.95 and net cash provided by operating activities was USD 204,000. Additions to property and equipment was USD 7,982,000.

Vantage Deepwater Drilling, Inc. to Report Q2, 2016 Results on Aug 11, 2016

Vantage Deepwater Drilling, Inc. announced that they will report Q2, 2016 results Pre-Market on Aug 11, 2016

Vantage Drilling International Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2016

Vantage Drilling International reported consolidated unaudited earnings results for the first quarter ended March 31, 2016. The company reported a net loss of $471.0 million for the period from January 1, 2016 to February 10, 2016 for the predecessor company and a net loss of $29.0 million for the successor for the period, including February 10, 2016, through March 31, 2016. Total revenue of $23.540 million for the period from January 1, 2016 to February 10, 2016 for the predecessor company and a total revenue of $18.897 million for the successor for the period, including February 10, 2016, through March 31, 2016. Loss from operations was $14.927 million for the period from January 1, 2016 to February 10, 2016 for the predecessor company and a loss from operations of $18.897 million for the successor for the period, including February 10, 2016, through March 31, 2016. Loss before income taxes was $469.644 million for the period from January 1, 2016 to February 10, 2016 for the predecessor company and a loss before income taxes was of $27.861 million for the successor for the period, including February 10, 2016, through March 31, 2016. Net loss attributable to VDI was $471.046 million for the period from January 1, 2016 to February 10, 2016 for the predecessor company and a net loss attributable to VDI of $29.028 million for the successor for the period, including February 10, 2016, through March 31, 2016. Net cash used in operating activities was $21.365 million for the period from January 1, 2016 to February 10, 2016 for the Predecessor Company and net cash provided in operating activities of $8.238 million for the successor for the period, including February 10, 2016, through March 31, 2016. Additions to property and equipment were $0.116 million for the period from January 1, 2016 to February 10, 2016 for the predecessor company and a loss from operations of $7.674 million for the successor for the period, including February 10, 2016, through March 31, 2016.

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