Earlier this week, Dafora announced it signed a four-year contract with Chevron for onshore exploration drilling at Barlad shale concession starting this fall.
On July 11, Chevron obtained the environmental permit for three shale gas blocks in Vaslui county. The company operates four onshore shale gas concessions in Romania, one in Barlad and three in the southeastern county of Constanta near the Black Sea.
Dafora registered loss of nearly RON3.5 million in the first quarter of 2013 after profit of RON0.66 million in the same interval a year ago. Its revenues increased 36.6% in the analyzed interval to RON53.36 million, and total expenses climbed 48% to RON56.85 million. Dafora’s loss widened to RON15.6 million in 2012 from RON1.39 million in the previous year.
Dafora operates in the drilling and constructions sectors. The company’s main shareholder is Gheorghe Calburean, with a 48.58% stake.
On the Bucharest stock market Wednesday, Dafora closed up 4.53%, at RON0.0266 a share.