Vantage Drilling Company Announces Proposed Public Offering of Ordinary Shares

HOUSTON, TX--(Marketwire - August 18, 2009) - Vantage Drilling Company ("Vantage") (NYSE Amex: VTG.U) (NYSE Amex: VTG) (NYSE Amex: VTG.WS) announced today that it
intends to offer, subject to market and other conditions, 46,500,000 of its
ordinary shares. In connection with this offering, Vantage will grant the
underwriters an option to purchase 6,975,000 additional ordinary shares to
cover any over-allotments. Vantage intends to use proceeds from this
offering, as well as the proceeds from the financing for its Aquamarine
Driller, to finance the final construction payment for the Aquamarine
Driller, and to use the remainder for general corporate purposes and
working capital.

Johnson Rice & Company L.L.C. will act as sole book-running manager for the
offering. The offering will be made under Vantage's effective shelf
registration statement previously filed with the Securities and Exchange
Commission (the "SEC"). Prospective investors should read the preliminary
prospectus supplement and the shelf registration statement for more
complete information about Vantage and the offering. Copies of the
preliminary prospectus supplement and the accompanying prospectus and, when
available, copies of the final prospectus supplement will be available on
the SEC's website, www.sec.gov, and by contacting Johnson Rice & Company
L.L.C., at 639 Loyola Avenue, Suite 2775, New Orleans, Louisiana 70113, or
by phone at (504) 525-3767.

This news release does not constitute an offer to sell or solicitation of
an offer to buy any security, nor will there be any sale of such security
in any jurisdiction in which such offer, sale or solicitation would be
unlawful prior to registration or qualification under the securities laws
of any such jurisdiction. The offering may be made only by means of a
prospectus supplement and related base prospectus.

About the Company

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 nine owned and managed drilling units, Vantage is a provider of offshore
contract drilling services globally to major, national and large
independent oil and natural gas companies.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. These forward-looking
statements are subject to certain risks, trends and uncertainties that
could cause actual results to differ materially from those projected.
Among those risks, trends and uncertainties are its limited operating
history; reduced expenditures by oil and natural gas exploration and
production companies; the adequacy and availability of additional
financing; general economic conditions, including the current recession and
capital market crisis; competition within its industry; termination of its
customer contracts; effects of new rigs and new technology on the market;
restrictions on offshore drilling; identifying and completing acquisition
opportunities; contract awarding and commencement; construction completion,
delivery and commencement of operations dates; dependence on key personnel;
utilization rates and dayrates; operating hazards in the oilfield service
industry; adequacy of insurance coverage in the event of a catastrophic
event; governmental, tax and environmental regulation; operations in
international markets; potential conflicts of interest with F3 Capital; and
the inability to achieve its plans or carry out its strategy. In
particular, careful consideration should be given to cautionary statements
made in the various reports that Vantage has filed with the SEC. Vantage
undertakes no duty to update or revise these forward-looking statements.