Vantage Drilling 8-K Some of the statements in this presentation constitute forward-looking statements. Forward-looking statements relate to

Vantage Drilling Company

GHS 100 Energy Conference

San Francisco, California

June 25, 2012

Exhibit 99.1

Some of the statements in this presentation constitute forward-looking statements.  Forward-looking statements relate to

expectations,

beliefs,

projections,

future

plans

and

strategies,

anticipated

events

or

trends

and

similar

expressions

concerning matters that are not historical facts.  The forward looking statements contained in this presentation involve risks

and uncertainties as well as statements as to:

•

our limited operating history;

•

availability of investment opportunities;

•

general volatility of the market price of our securities;

•

changes in our business strategy;

•

our ability to consummate an appropriate investment opportunity within given time constraints;

•

availability of qualified personnel;

•

changes in our industry, interest rates, the debt securities markets or the general economy;

•

changes in governmental, tax and environmental regulations and similar matters;

•

changes in generally accepted accounting principles by standard-setting bodies; and

•

the degree and nature of our competition.

The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking

into account all information currently available to us.  These beliefs, assumptions and expectations can change as a result

of many possible events or factors, not all of which are known to us or are within our control.  If a change occurs, our

business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-

looking statements.

Forward-Looking Statements

2

Symbol:

VTG (NYSE AMEX)

Location:

HQ –

Houston; Operations –

Singapore; Marketing –

Dubai

Market Cap:

$450 million

Book Value:

$700 million

Enterprise Value:

$2.5 billion

Employees:

> 1,000

Contract Backlog:

$2.8 billion

Owned Fleet:

4 Ultra-Premium Jackups

1 Ultra-Deepwater Drillship

1 Ultra-Deepwater Drillship in transit to US GOM

1 Ultra-Deepwater Drillship under construction

Managed Fleet:

1 Ultra-Deepwater Drillship under construction

Corporate Overview

3

Acquisition of 100% of Titanium Explorer

announced on March 20, 2012; deal closed simultaneously with the

delivery of the Titanium Explorer

in April 2012 –

the Titanium Explorer has completed load-out and is sailing

in the Atlantic with an expected arrival in Port Fourchon, Louisiana in mid July.

Sapphire

Driller

awarded

two

new

short-term

contracts

at

$165,000

per

day

net

of

taxes

which

will

keep

on

contract through the middle of 2013.

Tungsten

Explorer

has

left

drydock,

expected

delivery

2

quarter

2013

Ultra-deepwater rates moving up rapidly, providing excellent contracting opportunity for newbuild Tungsten

Explorer

Q4 2010  -

Took delivery of Platinum Explorer

–

on-time, on budget, commenced operations with ONGC, and

achieved impressive utilization –

First

12

months

of

operation

–

92.4%

utilization

Completed 1   Quarter 2012 @ 97.0% utilization

Commenced high-profile jackup contract for ultra-HPHT work in Malaysia @ $187,000 per day (inclusive of

reimbursed upgrades); 14-21 month duration

Recent Developments

4

nd

st

April 2, 2012, closed a $775.0 million 11.5% Senior Notes “Tack-on” financing at on offer price of 108%, resulting

in net proceeds to Vantage of approximately $820.0 million to complete the financing of the Titanium Explorer

acquisition and working capital.

Premium high-specification drilling units, including four jackup rigs and three drillships

Vantage’s modern rigs are capable of drilling to deeper depths and possess enhanced operational

efficiency and technical capabilities, resulting in higher utilization, dayrates and margins

Total

costs

of

owned

fleet

of

four

jackups,

the

Platinum

Explorer

drillship

and

the

Titanium

Explorer

of

approximately  $2.5 billion

Premium Fleet

Successful

track

record

of

managing,

constructing,

marketing

and

operating

offshore

drilling

units

In-house team of engineers and construction personnel overseeing complex construction projects

All newbuilds delivered on budget and on time

Jackup fleet has experienced approx. 99% of productive time for Vantage’s first 38 months in operation

Proven Operational

Track

Record

Significant cash flow visibility

Contract backlog of approximately $2.8 billion with industry leading E&P Companies.

Prior work experience includes a strong customer mix including:

Significant

Contract Coverage

with

High Quality

Counterparties

(1)

PVEP Phu Quy Petroleum Operating Co. Ltd. is a joint venture interest between PetroVietnam Exploration Production Corp. and Total E&P Vietnam.

Company Highlights

5

Level of efficiency is exceptional for newly-constructed jackup rigs upon commencement of operations

Total, ENI, Petrobras, ONGC, Petronas Cargali, PTT Thailand, Pearl Energy, Bowleven, Foxtrot

International,

Phu

Quy

(1)

,

and

Salamander.

Successful construction management arrangements for ultra-deepwater drillships, including

completed

Aker

drillships

and

SeaDragon

semisubmersible

projects

and

ongoing

Dalian

Developer

project.

Provided Vantage with significant engineering expertise and experience in Korean, Chinese and

Singaporean shipyards.

Management team with extensive experience; average of 29 years in the drilling industry

Includes international and domestic public company experience with industry-leading peers involving

numerous acquisitions and debt and equity financings.

Experienced operating personnel.

Construction

Supervision and

Management

Arrangements

Experienced

Management and

Operational Team

Company Highlights (Cont’d)

6

Owned Assets

•

Delivered On-Time, On-

Budget -

December 2008

•

Hired by Financial Institution to provide shipyard oversight

following bid process

•

Largest drillship in the world currently under construction

•

Vessel will include oil storage and multi-purpose

capabilities

•

Delivery Q1 2013

•

Company owned newbuild project

•

Leverages shipyard experience

•

Favorable costs and delivery

schedule

•

Delivery Q2 2013

Tungsten Explorer

Premium Owned Fleet with a Proven Operational

Track Record

•

2    Successful newbuild at

DSME

•

Delivery April 2012

Construction Management Projects

Dalian Developer

Newbuild Ultra-Premium Marine Pacific Class 375 Jackups

Emerald Driller

Sapphire Driller

Aquamarine Driller

Topaz Driller

Platinum Explorer

Ultra-Deepwater 12,000 ft Drillships

•

Delivered On-Time, On-

Budget -

November 2010

•

Delivered On-Time, On-

Budget -

July 2009

•

Delivered On-Time, On-

Budget -

December 2009

•

Delivered On-Time, On-

Budget -

September 2009

Titanium Explorer

Ultra-Deepwater Drillship

7

nd

Business Strategy

Capitalize on Customer

Demand for High-

Specification Units

•

Customer demand for new high-specification units supported by:

Need for rigs well-suited for drilling through deep and complex formations and drilling horizontally

Enhanced efficiency providing faster drilling and moving times

Improved safety features and lower downtime for maintenance

Expand Deepwater

Exposure

•

Technological developments have made ultra-deepwater exploration more feasible and cost-effective in recent

years

•

Water-depth capability and equipping of Vantage's ultra-deepwater drilling units is attractive for customers

Will provide significant advantages in obtaining long-term ultra-deepwater drilling contracts in the future

Focus on Long-term

Contracts

•

Long-term

drillship

contracts

for

Platinum

Explorer

(5

years)

and

Titanium

Explorer

(8

years)

•

Jackups operating on contracts with average 14-month terms (average 12 months remaining backlog)

•

$2.8 billion in contract backlog mitigates cyclical oil and gas industry risk

Expand Key Industry

Relationships

•

Focused on expanding relationships with national oil companies, major oil companies, large independents and

super-regionals

•

Will lead to longer-term contracts to build backlog

•

Strong

existing

relationships

have

contributed

to

large

existing

backlog

and

repeat

business

with

customers

Pursue Acquisition

Opportunities

•

Growth through acquisitions of assets and other offshore drilling companies

•

Current construction management contracts provide potential acquisition targets

8

Strong Customer Relationships

Key Customers

9

•

Faster drilling times

•

Faster moving times

•

Increased volumes of consumable liquids and

drilling fluids

•

Reduced boat runs and non-productive time

•

Improved pipe handling and offline capability

•

Fast preloading time for all tanks

•

75’

x 30’

cantilever reach substantially greater

than the industry average

•

Pipe decks allow increased storage capacity

•

Premium drilling package:

•

3 x 2200HP mud pumps

•

Integrated diverter system

•

18-¾’’

BOP system and 4 rams

•

High-capacity,

high

efficiency

–

5

x

CAT

3516

B

Diesel engines

Quarterly Financial Performance

Ultra-Premium Jackup Fleet

World class assets achieving world class performance

Fleet productive time approximately 99% since inception

Emerald Driller

Sapphire Driller

Aquamarine Driller

Topaz Driller

Increased Operational Efficiency and Improved

Technical Capability:

10

Fleet Status –

Average

Drilling

Revenue/Day

(1)

11

Average drilling revenue per day is based on the total estimated revenue divided by the minimum number of days committed in a contract.  Unless otherwise noted, the total revenue includes any 

mobilization and demobilization fees and other contractual revenues associated with the drilling services.

The drilling revenue per day includes the achievement of the 12.5% bonus opportunity, but excludes mobilization revenues and revenue escalations included in the contract.

(1)

(2)

•

Premium jackups (350’

+ IC rigs)

and ultra-deepwater  floater have

historically maintained

significantly higher utilization

levels

Source: Riglogix; ODS-PetroData.

Premium Asset Advantage

12

Recent leading edge

dayrates have

reached $170K for

jackups and $650 for

deepwater floaters

International vs. GOM Jackup Utilization

Global Jackup Utilization

Historical Floater Dayrates ($Thousands)

Historical Floater Utilization

Capabilities

and

age

–

The

current

worldwide

fleet

is

comprised

mostly

of

older,

inefficient

rigs

Age

is

a

factor

–

Demand

is

increasing

for

high-specification

jackups.

Many

customers

are

implementing

age

restrictions and new high-specification requirements.

Source: ODS-Petrodata

Global Jackup Fleet Distribution

Profile of Global Jackup Fleet

13

Despite 126 newbuild deliveries since 2003, majority of worldwide

jackup fleet remains older than 25 years

300'+ IC

151

300' IC

131

<250' IC

65

250' IC

57

300'+ IS

9

MC

40

<300' IS

15

MS

18

22%

of

today’s

jackups

are

mat-supported

and/or

have

less

than

200ft

of

water

depth

capability

68% of today’s jackups are 25 years or older

As of March 2012 a total of 85 rigs were either ready stacked, cold stacked, or in an accommodation mode without contract

How many will not return to service?

Age

Rigs

%

%

300+

200-299

<200

25 years or older

325

68%

58%

152

119

54

5 to 24 years

64

13%

11%

59

1

4

0 to 4 years

90

19%

16%

80

6

4

479

100%

291

126

62

2012 Deliveries

26

5%

24

2

0

2013 Deliveries

38

7%

37

1

0

2014 Deliveries

15

3%

13

2

0

558

100%

365

131

62

Age of Jackup Fleet

Water Depth (feet)

Ultra-Deepwater Rig Supply is Increasing Significantly

Deepwater Exploration is a Young, Rapidly Growing Market

Demand is Likely to Exceed Rig Supply Despite Newbuilds

Source: ODS-Petrodata, DnB NOR

Global Deepwater Market

14

Recent fixtures

>$650,000 per day

Balance Sheet

($Millions)

Financial Overview

15

December 31,

December 31,

March 31,

2010

2011

2012

Cash and cash equivalents

120.4

$            

110.0

$            

56.5

$               

Restricted cash

29.0

7.0

5.4

Trade receivables

50.2

100.9

113.6

Inventory

19.8

24.4

25.7

Prepaid expenses and other current assets

11.5

16.9

17.4

230.9

259.3

218.5

Property and equipment, net

1,718.1

1,805.1

1,795.5

Investment in joint venture

-

-

-

Other assets

54.2

58.2

55.7

2,003.2

$         

2,122.5

$         

2,069.6

$         

Accounts payable and accrued liabilities

107.5

$            

148.1

$            

99.4

$               

Short-term debt

8.6

-

-

Current maturities of long-term debt

-

-

-

116.1

148.1

99.4

Long–term debt

1,103.5

1,246.4

1,248.4

Other long term liabilities

13.5

29.8

24.5

Shareholders' Equity

Paid-in capital

854.8

860.8

863.0

Retained Earnings

(84.7)

(162.6)

(165.8)

Accumulated other comprehensive loss

-

-

-

Total shareholders’ equity

770.2

698.2

697.2

2,003.2

$         

2,122.5

$         

2,069.6

$         

Outstanding shares

289.7

291.2

��              

291.6

Book value per share

2.66

$               

2.40

$               

2.39

$               

Long-term

Debt matures

in 2015

First Call

option

February

2013

EBITDA

Low

6.5x

Today’s

Peer Avg.

7.8x

Historical

Peer Avg.

11.6x

$350 million

$1.30

$3.70

$5.43

$400 million

$2.41

$5.16

$9.41

$450 million

$3.53

$6.62

$11.40

Implied Values –

EV/EBITDA

Source: Jefferies

Price to Book Value

Key Drivers Near Term –

•

Achieve high productive time on Platinum Explorer

•

Improving dayrate contract fixtures on jackups

•

Commencement of operations in US GOM for Titanium Explorer

•

Contract for the Tungsten Explorer

16

Significant Upside Valuation Potential

Historical Financial Information

($ Millions)

Financial Overview

17

Achieved record Revenue and

Adjusted EBITDA in 1    Quarter 2012

st

Reconciliation of Net Income (Loss) to Adjusted EBITDA

($Millions)

Appendix

18

Fiscal Quarter Ended,

6/30/2009

9/30/2009

12/31/2009

3/31/2010

6/30/2010

9/30/2010

12/31/2010

3/31/2011

6/30/2011

9/30/2011

12/31/2011

3/31/2012

Net income (loss)

4.0

$           

6.8

$           

(4.3)

$         

6.0

$           

(7.0)

$         

(33.6)

$       

(13.0)

$       

(18.7)

$       

(40.1)

$       

(11.9)

$       

(7.3)

$         

(1.2)

$         

Interest expense, net

1.3

1.9

4.2

8.0

13.3

13.9

14.1

41.5

39.3

37.1

37.5

36.8

Income tax provision (benefit)

0.9

1.1

(0.6)

2.3

8.4

2.8

5.5

2.9

7.8

2.0

(1.2)

5.8

Depreciation

2.1

3.2

4.3

7.5

8.4

8.8

8.8

16.1

16.0

16.0

16.4

16.6

Loss on debt extinguishment

-

-

-

-

-

24.0

-

-

25.2

-

-

-

Loss on acquisition of subsidiary

-

-

-

-

-

3.8

-

-

-

-

-

-

  EBITDA

8.3

$           

13.0

$         

3.6

$           

23.8

$         

23.1

$         

19.7

$         

15.4

$         

41.9

$         

48.2

$         

43.2

$         

45.4

$         

58.0

$         

Share-based compensation expense

1.2

1.2

1.4

1.5

1.5

1.6

1.5

0.9

1.5

1.6

1.9

2.3

Adjusted EBITDA

9.5

$           

14.2

$         

5.0

$           

25.3

$         

24.6

$         

21.3

$         

16.9

$         

42.8

$         

49.7

$         

44.8

$         

47.3

$         

60.3

$