Vantage Drilling Company, an offshore drilling contractor, provides drilling services internationally with a focus on deep water and other high-specification drilling solutions. The company has built one of the most dynamic teams in the industry with an unsurpassed safety program, premier offshore drilling performance, and a track record of outstanding results achieved by exceeding expectations.

The company’s fleet of high specification state-of-the-art drilling units are well suited to meet the requirements of customers for efficiently drilling through deep and complex geological formations. Vantage’s high specification drilling units generally provide faster drilling and moving times and are generally preferred by customers for their improved safety features and less frequent downtime for maintenance.

In recent years, there has been increased emphasis on exploration in deeper waters as technological developments have made such exploration more feasible and cost-effective. Vantage Drilling is using this headwind to expand relationships with major, national and independent oil and natural gas companies for the purpose of obtaining longer-term contracts and building a growing backlog of business.

Analysts are very supportive of the company with four analysts rating the stock a “Strong Buy”, three analysts saying it’s a “Buy” and four others calling it a “Hold.” Average current estimates are that Vantage will generate revenues of approximately $481 million this year and $530 million in 2012. Projected earnings per share on the other hand vary greatly by opinion from -$0.12 to $0.16 for the current year and $0.02 to $0.25 next year.