Vantage Drilling (VTG +5.6%) trades higher after the company agrees to acquire the rights for...

|About: Vantage Drilling Company (VTG)|By:, SA News Editor

Vantage Drilling (VTG +5.6%) trades higher after the company agrees to acquire the rights for the ultra-deepwater drillship known as Dragonquest for $164M. After delivery, Dragonquest is expected to be used in the Gulf of Mexico, pursuant to a 8-year contract with Petrobras.