Terraoil owns and operates conventional oil fields located in a prolific region onshore western Albania.
Terraoil has established a strong foothold in Albania since 2011 with the operational takeover and Production Sharing Agreement (PSA) of the Visoka oilfield. Since then, Terraoil has produced over one million barrels of oil just from Visoka. This impressive entrepreneurial performance motivated the Albanian government to select Terraoil as the best foreign investor by the Albanian government in 2016. Terraoil is currently adjusting its strategy for the pandemic environment and has recently made several decisions by the Board of Directors. This has led Terraoil to implementing an acquisition and development strategy to increase production of 2P reserves to over 20,000 bopd over the next few years. Terraoil is screening additional producing oil and gas acquisition targets in Europe and Eurasia.
News & Media
Terraoil implements Enterprise Resource Planning System to transform business operations
The Vienna Advantage Cloud ERP System provides a wide-ranging business enhancement for Terraoil’s international operations.
Terraoil’s Board of Directors notes the resignation of Peter Luggen
Peter Luggen to resign from the Board of Directors due to health reasons.
CM Equity AG in Pre-Marketing for Terraoil: Security Token Offering for a double digits Mio. Euro amount
Terraoil announces the completion of its public fundraising prospectus for BaFin and start of the pre-marketing of the Terraoil Swiss AG Security Token Offering for a double digits Mio. Euro amount.
Terraoil announces approval and completion of the 2019 audits
Terraoil Swiss has received audit reports from BDO for the 2019 Swiss statutory and the consolidated financial statements prepared in accordance with IFRS.
Terraoil together with CM-Equity to launch a double-digit million EUR funding through security tokens
Terraoil Swiss has engaged CM-Equity AG as global coordinator for its digital asset financing and CM’s mandate will include preparing a securities offering prospectus, providing the technical fulfilment and arranging the public placement of the financing.
Following the recent capital increase Terraoil Swiss has now 142,886,508 registered shares issued
With the conversion of a convertible loan and outstanding liabilities the share capital of Terraoil Swiss AG amounts to CHF 1,428,865.08 divided into 142,886,508 registered shares at CHF 0.01 each.