Exhibit 12.1

Vantage Drilling Company

Ratio of Earnings to Fixed Charges

(In thousands, except Ratio of Earnings to Fixed Charges)

	Three Months Ended March 31, 2011			Years Ended December 31,
				2010			2009			2008			2007
Earnings (Loss)
Earnings (loss) before provision for income taxes and minority interest	$	(15,745	)	$	(28,627	)	$	10,811		$	(48,049	)	$	6,752
Fixed charges		41,962			97,052			32,343			4,033			21
Amortization of capitalized interest		625			1,712			528			66			—
Distributed income of equity investees		—			—			—			—			—
Company’s share of pre-tax losses of equity investees		—			—			—			—			—
Capitalized interest		—			(47,225	)		(23,813	)		(3,942	)		—
Minority interest in pre-tax income of subsidiaries with no fixed charges		0			0			0			0			0
Earnings (loss) as adjusted	$	26,842		$	22,912		$	19,870		$	(47,891	)	$	6,773
Fixed Charges
Interest expense	$	41,542		$	49,827		$	8,178		$	56		$	—
Capitalized interest		—			47,225			23,813			3,942			—
Amortization of debt financing costs		—			—			—			—			—
Portion of rental expense representative of the interest factor		420			—			353			35			21
Total fixed charges	$	41,962		$	97,052		$	32,343		$	4,033		$	21
Ratio of earnings to fixed charges (a)		—			—			—			—			322.5

(a) For the three months ended March 31, 2011, and for the years ended December 31, 2010, 2009 and 2008, earnings were not sufficient to cover fixed charges by approximately $15.1 million, $74.1 million, $12.5 million and $51.9 million, respectively. For the year ended December 31, 2007, we had earnings, as defined, of approximately $6.8 million and essentially no fixed charges.