English
Mediaş-based Dafora SA has an ambitious investment plan for this year, as it aims to expand on foreign markets. The company operates in oil drilling and construction and it is a market leader within the drilling industry, with a market share of 30%. Currently, Dafora shares (DAFR) are heavily traded on the Rasdaq market, their value having increasing six times in 2006 and by 29% since the beginning of this year. Dafora"s investment plan includes investments in drilling and groundwork equipment, workers transportation and accomodation.
The company estimates that these investments will increase its revenues by 20% and drilling contracts abroad. In this regard, Dafora has already secured a drilling works contract in Bulgaria and is currently negotiating similar contracts in Ukraine, Sudan and Germany, according to a company press release.
Shareholders in Dafora will convene on February 15th to approve a share capital increase which will be done through a cash injection of 92.265.015 RON. Thus, the new share capital will be 101.491.516,5 RON and the company will issue shares with a face value of 0,1RON.
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