SOURCE: Vantage Drilling Company

October 30, 2009 14:55 ET

Vantage Drilling Company Announces Jacking Incident for Sapphire Driller

HOUSTON, TX--(Marketwire - October 30, 2009) - Vantage Drilling Company ("Vantage") (NYSE Amex: VTG.U) (NYSE Amex: VTG) (NYSE Amex: VTG.WS) announced today that its ultra-premium jackup rig Sapphire Driller, during a preload test, experienced a punch through incident. The crew incurred no injuries during the incident and the Sapphire Driller is level and stabile. Initial visual inspection indicates that one of the legs has incurred minor damage to the bracings. The rig will be moved to a nearby location for repairs and further inspection.

Paul Bragg, President and Chief Executive Officer, commented, "We believe the Sapphire Driller only sustained minimal damage and will be repaired quickly. Most importantly nobody was injured."

The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the company's filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.

Contact Information

  • Public & Investor Relations Contact:
    Paul A. Bragg
    Chairman & Chief Executive Officer
    Vantage Drilling Company
    (281) 404-4700