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Vantage Drilling Company Message Board

  • cmeny1977 cmeny1977 Mar 5, 2013 2:07 PM Flag

    Bragg should give monthly updates on rig utilization.

    It is a huge shame from a communication standpoint, that he provides updates only four times a year.

    Sentiment: Hold

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    • Platinum Explorer is on site for $590K/day ONGC – India (5 years)
      Here's what the contracts are worth.
      Tungsten Explorer awarded a 2 year contract $448M with W. Africa -$572K/day
      Topaz Driller awarded a 1-year drilling program in Indonesia; approximately $57 million of backlog.
      Emerald Driller awarded a 2-year contract at $156,000 per day; approximately $114 million of backlog.
      Aquamarine Driller contract extended for an additional year at $153,400 per day; approximately $56 million of backlog.
      Sapphire Driller awarded additional contracts at $165,000 per day net of taxes; approximately $34.5 million of backlog.
      Topaz Driller $57M Total - Indonesia
      Emerald Driller $57M PTT – Thailand (2 year)
      Aquamarine Driller $56M Petronas Carigaili - Malaysia
      Sapphire Driller $34.5M Foxtrot – Ivory Coast
      Tungsten Explorer $224M ($572K/day) Petrobras – US Gulf (8 years)
      Platinum Explorer $590K/day ONGC – India (5 years)
      Palladium Explorer FY 2015

    • An ol' saying " What you don't know - Can't hurt you " Seriously doubt if management would do such a thing. Investors would be bailing faster than athletes running the 100 Meter race

    • assets are inflating, markets are moving, vtg shareholders deflating and left behind. 2 is meaningless here and were no where near. There is no professional money going into this stock, pretty sad. I am sure the employees are beginning to lose faith in his leadership with excuses year after year.

      • 1 Reply to zd60610
      • Employees looking at their paycheck every week and they are happy ! The OIL industry pays well and they know the stock a longer term play which YOU still don't realize. Probably gets added to their 401K which is their retirement and shares are given to them FREE so it's not a issue.
        Still waiting for a response on what you have done different as CEO at Vantage ! And don't say you would have given yoursefl a smaller BONUS then Braggs. BET it would be 4 X more then Braggs knowing you !

        Sentiment: Strong Buy

    • Maybe you should sign up for the weekly newsleter.

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