Vantage Drilling Poland - Luxembourg Branch S-4 Registration of securities issued in business combination transactions

EXHIBIT 12.1

Vantage Drilling Company

Ratio of Earnings to Fixed Charges

(In thousands, except Ratio of Earnings to Fixed Charges)

	Three Months Ended March 31,			Years Ended December 31,
	2012			2011			2010			2009			2008			2007
Earnings (Loss)
Earnings (loss) before provision for income taxes and minority interest	$	4,587		$	(68,520	)	$	(28,627	)	$	10,811		$	(48,049	)	$	6,752
Fixed charges		40,876			164,090			97,680			32,343			4,033			21
Amortization of capitalized interest		701			2,621			1,712			528			66			—
Capitalized interest		(3,627	)		(7,311	)		(47,225	)		(23,813	)		(3,942	)		—
Earnings (loss) as adjusted	$	42,536		$	90,880		$	23,540		$	19,870		$	(47,891	)	$	6,773
Fixed Charges
Interest expense	$	36,763		$	154,897		$	49,827		$	8,178		$	56		$	—
Capitalized interest		3,627			7,311			47,225			23,813			3,942			—
Amortization of debt financing costs		—			—			—			—			—			—
Portion of rental expense representative of the interest factor		485			1,882			627			353			35			21
Total fixed charges	$	40,876		$	164,090		$	97,680		$	32,343		$	4,033		$	21
Ratio of earnings to fixed charges (a)		1.04			—			—			—			—			322.53

(a) For the years ended December 31, 2011, 2010, 2009 and 2008, earnings were not sufficient to cover fixed charges by approximately $73.2 million, $74.5 million, $12.5 million and $51.9 million, respectively. For the year ended December 31, 2007, we had earnings, as defined, of approximately $6.8 million and essentially no fixed charges.