Vantage Drilling Company is offering to the public a combination of debt and equity to finance the recently announced acquisition of a 55% interest in the Mandarin Drilling Corporation. This purchase would make Vantage Drilling Company the sole owner of the Mandarin Drilling Corporation.

The Mandarin Drilling Corporation owns the construction contract for the Platinum Explorer, an Ultra Deepwater Drill Ship currently being built in a shipyard in South Korea.

Vantage Drilling Company is offering $960 million of senior secured notes due in 2015, and $50 million of common stock. The funds will be used primarily to fund the acquisition of the Mandarin Drilling Corporation, and complete construction of the Platinum Explorer.

The Platinum Explorer is a dynamically positioned drill ship that can operate at water depths of 12,000 feet, and drill up to 40,000 feet. The drill ship is expected to be completed towards the end of 2010.

Vantage Drilling Company said that any excess funds would be used to refinance a 13.5% senior note issue, the company’s existing credit facility, and for general corporate purposes.

Vantage Drilling Company is using Jefferies & Company, Inc. and Johnson Rice & Company L.L.C as managers of both the equity and debt offering.

For more information on the company, go to www.vantagedrilling.com

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