The first two contracts were signed in March and the third was signed Wednesday, according to a report sent by Dafora Thursday to the Bucharest Stock Exchange.

The work will be done on three drills in Sibiu and Mures counties.

Dafora’s net profit dropped 63% on the year to RON660,000 in the first quarter, as sales nearly halved to RON25 million. The company’s main shareholder is Gheorghe Calburean, with 49.67% of the stock. Romgaz is one of Dafora’s main clients.

Dafora shares closed up 1% on Thursday, at RON0.0404 per share.