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Vantage Drilling Company Message Board

  • zd60610 zd60610 Dec 8, 2012 8:34 AM Flag

    New presentation posted

    As i have been saying the refi was a disaster. Book value now stated at 1.93. Another value creation inititiveby Bragg. Killing us.

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    • Weird - sept 30 they still report book value 2.37, so either de delay of Titanium or the refi (or both) was a major bleeder. Still no answer why the all-in day rate (including possible 12,5% bonus) for the Titanium Explorer suddenly dropped from 587 to 572 k per day. How is this possible?
      Day rate Topaz Driller is heading south, why?

      On the positive - we should get a mobilisation fee for the Titanium, one would think this should reflect the delay in acceptance especially concerning the failing ROV. 4th quarter earnings might be fairly good.

      No mention of installing a second BOP on Tungsten, if this is important for a better dayrate, they should still have to consider this as an option (or am I not informed well enough)?

 
VTG
1.65-0.03(-1.79%)Sep 15 4:01 PMEDT

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