Romanian drilling company Dafora, owned by businessman George Calburean, plans to take EUR 6.4 million (RON 28.7 million) from lender Banca Transilvania.
According to a company statement, the money is to be used to finance its operations and the proposal will be discussed during the company’s general meeting of shareholders scheduled for November 22.
According to the document submitted to the Bucharest Stock Exchange, the loan will be secured by revenues from the drilling contract between the Romanian company and American Chevron.
Dafora announced earlier this year the signing of a four-year drilling contract with Chevron.
