0001181431-14-002203.txt : 20140113 0001181431-14-002203.hdr.sgml : 20140113 20140113123717 ACCESSION NUMBER: 0001181431-14-002203 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140110 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140113 DATE AS OF CHANGE: 20140113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Vantage Drilling CO CENTRAL INDEX KEY: 0001419428 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34094 FILM NUMBER: 14523927 BUSINESS ADDRESS: STREET 1: C/O M&C CORPORATE SVC LTD., PO BOX 309GT STREET 2: UGLAND HOUSE, S CHURCH ST., GEORGE TOWN CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1104 BUSINESS PHONE: (281) 404-4709 MAIL ADDRESS: STREET 1: 777 POST OAK BOULEVARD, SUITE 610 CITY: HOUSTON STATE: TX ZIP: 77056 8-K 1 rrd399702.htm Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  01/10/2014
 
Vantage Drilling Company
(Exact name of registrant as specified in its charter)
 
Commission File Number:  001-34094
 
Cayman Islands
  
N/A
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
777 Post Oak Boulevard, Suite 800
Houston, Texas 77056
(Address of principal executive offices, including zip code)
 
(281) 404-4700
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
Item 8.01.    Other Events
 
On January 10, 2014, Vantage Drilling Company issued a press release updating the status of the Sigma Drilling Ltd. construction contract with STX Offshore & Shipbuilding Co. Ltd. A copy of the press release is furnished as Exhibit 99.1 to this report.
 
 
Item 9.01.    Financial Statements and Exhibits
 
99.1 Press Release dated January 10, 2014.
 

 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
           
Vantage Drilling Company
 
 
Date: January 10, 2014
     
By:
 
/s/    Douglas G. Smith
               
Douglas G. Smith
               
Chief Financial Officer
 
 

 

EXHIBIT INDEX
 
Exhibit No.
  
Description
EX-99.1
  
Press Release dated January 10, 2014.
EX-99 2 rrd399702_40356.htm PRESS RELEASE DATED JANUARY 10, 2014. Vantage Drilling Company Announces Update of Sigma Joint Venture

Vantage Drilling Company Announces Update of Sigma Joint Venture

HOUSTON, TX--(MARKET WIRE)-January 10, 2014 -- Vantage Drilling Company ("Vantage" or the "Company") (NYSE MKT: VTG) announced today that Sigma Drilling Ltd. ("Sigma") has terminated the construction contract for a new, high-specification drillship with STX Offshore & Shipbuilding Co. Ltd.(STX).

STX had notified Sigma that it was suspending activity on the project on August 29, 2013 due to efforts to restructure their operations and finances. Since that time, the parties have negotiated to move the project to a mutually agreed shipyard. Due to a lack of progress in these negotiations, Sigma sent STX a termination notice dated January 8, 2014. In conjunction with the termination, Sigma has informed STX that it will claim a refund of its payments made to the shipyard plus interest, which is protected by a refund guarantee provided by an independent financial institution.

Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with an owned fleet of three ultra-deepwater drillships, the Platinum Explorer, the Titanium Explorer and the Tungsten Explorer, as well as an additional ultra-deepwater drillship, the Cobalt Explorer, now under construction, and four Baker Marine Pacific Class 375 ultra-premium jackup drilling rigs. Vantage's primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells. Vantage also provides construction supervision services for, and will operate and manage, drilling units owned by others. Through its fleet of seven owned drilling units, Vantage is a provider of offshore contract drilling services globally to major, national and large independent oil and natural gas companies.

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.

Public & Investor Relations Contact:

Paul A. Bragg

Chairman & Chief Executive Officer

Vantage Drilling Company

(281) 404-4700