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 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.
Terraoil announces timing of 2020 AGM
Terraoil Swiss AG plans to hold its annual general meeting in the second half of 2020.
Terraoil Swiss AG hosted its first multimedia conference for shareholders on 27 March 2020
Terraoil Swiss AG hosted a multimedia conference for shareholders on Friday, 27 March 2020 to share the decisions and outcome of the Extraordinary General Meeting.
Terraoil Swiss AG to implement cost cutting and reduced capex programme for 2020
The Terraoil Swiss AG Board of Directors have agreed to implement a new cost cutting programme for its operations due to the current global economic situation.