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    DAFR   RODAFRACNOR5

S.C. DAFORA S.A.

(DAFR)
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Dafora SA : Dafora and Chevron sign 4 year drilling contract

07/29/2013 | 02:24am EDT
Dafora and Chevron sign 4 year drilling contract 29 July 2013

DAFORA S.A., a leader within the Romanian drilling market, is pleased to announce the signing of the Master Onshore Drilling Contract with CHEVRON, one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide.

DAFORA will provide onshore drilling services for CHEVRON in Barlad area for up to 4 years, starting this autumn. The contract covers drilling the required wells for Chevron's exploration program. 

DAFORA's Rig 14 will be released soon from an ongoing project and then undergo an upgrade program to fulfill the client's requirements in terms of asset condition and rig performance.
"Signing new contracts with foreign operators arethe result of the company's strategy and the professionalism of all staff. Linking long-term business strategy with the company ability to adapt to the ever-changing market dynamics demonstrate DAFORA's good standing in the industry.
We are fully committed to acting in the best interests of the company and all its stakeholders to maintain the "Driller of Choice" position in the Romanian drilling market and to extend the market share abroad."

Leader within the Romanian drilling market, DAFORA performs onshore drilling services for oil, gas and geothermal water, well-testing and workover, transport and maintenance for drilling equipment. Gaining from the vast experience in oil and gas business, we are very proud of our performance in contracting most of the drilling works for the international companies operating in this sector in Romania. The long experience, the guarantee of good services along with our PEOPLE`s qualifications and skills, have led to our services being promoted in the international drilling markets as Tanzania, Uganda, Sudan, Mozambique, Bulgaria, France, Hungary and Israel.

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Financials
Sales 2020 38,7 M 9,28 M 9,28 M
Net income 2020 -13,3 M -3,18 M -3,18 M
Net Debt 2020 54,2 M 13,0 M 13,0 M
P/E ratio 2020 -1,00x
Yield 2020 -
Capitalization 15,5 M 3,74 M 3,73 M
EV / Sales 2019 0,89x
EV / Sales 2020 1,74x
Nbr of Employees 154
Free-Float 36,2%
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Managers and Directors
Gheorghe Calburean General Director
Mircea Calburean Chief Financial Officer
George Razor Contracting Manager
Cristina Maria Suteu Human Resources Manager
Sector and Competitors