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Vantage Drilling (VTG +3.3%) says the Aquamarine Driller's customer in Malaysia has exercised...

Vantage Drilling (VTG +3.3%) says the Aquamarine Driller's customer in Malaysia has exercised the first of its one-year options, extending the current contract to Nov. 2013. VTG expects the exercise of the option will generate ~$56M in revenue over the extension period.
Comments (1)
  • Jan H. Lessner
    , contributor
    Comments (809) | Send Message
     
    I'm Not sure whether this is a good news for VTG. Dayrates are increasing and new contract might have shown those higher dayrates.
    20 Aug 2012, 06:14 PM Reply Like
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