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 Swiss AG will hold the 9th AGM on the 22 October 2020 at the Theater Casino Zug, Artherstrasse 2-4, 6300 Zug. Now that the invitations to the registered shareholders have been sent out, including relevant information for the proceedings, the BoD is looking forward to a productive meeting, within the relevant restrictions and guidelines of the Bundesamt für Gesundheit (BAG).
The Board and management of Terraoil consider an in-person meeting with shareholders and the traditional opportunity to have individual discussions important in communicating the recent progress of the Company.
Terraoil will take all precautions to provide for the restrictions imposed in Switzerland due to the COVID-19 outbreak. Shareholders attending are expected to comply with the national and local guidelines accordingly.
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.
Terraoil announces timing of 2020 AGM
Terraoil Swiss AG plans to hold its annual general meeting in the second half of 2020.