Vantage and ADES announced they entered into an agreement to pursue a global strategic alliance leveraging the new support services agreement and their existing joint venture in Egypt. Pursuant to this agreement, the parties agreed to collaborate on exploring future commercial and operational opportunities. Finally, Vantage announced that the Tungsten Explorer returned to work for a client offshore of Egypt through Vantage’s joint venture with ADES. The term of the drilling contract is 150 days.