Terraoil Brent Ticker Integration
INVESTORS
Key company information
Terraoil Swiss is an international oil exploration and production company with a strong operational focus in Albania and ambitions to expand its activities in Albania, the Balkans and beyond.

It is the operator of the Visoka onshore oil field with a 100% working interest. Terraoil Swiss is the second largest oil producer in Albania with production exceeding one million barrels since beginning operations in 2012. The Company is headquartered in Zug, Switzerland and is the licensee under production sharing agreements (PSAs) with the government of Albania

In 2018, Albpetrol (an Albanian state-owned oil producer) granted Terraoil Swiss three additional onshore oil fields and the Heads of Terms were signed. The Company expects to complete the PSAs for the new fields and to take over operations by the late 2021/ early 2022. The final awarding process was deliberately prolonged by unsuccessful applicants who made a claim in court against the government and Albpetrol that hindered the final takeover. High Courts in Albania were expected to decide regarding the complaints in early 2020 but did not convene to make their final decision due to COVID-19. The case has been moved to the Tirana Administrative Court of First Instance and the final operational take over is expected shortly after it's decision is published.

To build production in the fields and to recycle reserves, Terraoil Swiss is moving ahead with a multi-year field development and rehabilitation programme.
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Company
Terraoil Swiss AG is a corporation existing under the laws of Switzerland and registered under number CHE-115.925.456
Business Activity
Albanian Oil & Gas sector (Exploration, development and production of oil and natural gas reserves in Albania)
Founded
2010
Employees
120 (as of September 2021)
Head office
Industriestrasse 47, 6300 Zug, Switzerland
Company Register
Commercial Company Register Zug, Switzerland
Enterprise Identification Number (UID)
CHE-115.925.456
Legal Entity Identifier / LEI Code
50670090R069V1B25057
Website
terraoil.swiss
Share Capital
CHF 1,428,865.08
ISIN
CH0369663445
Valor
36966344
Total Shares
142,886,508
Type
Registered shares
Trading Form
Electronically
Terraoil Swiss
Terraoil Swiss ("the Company") has its head office in Switzerland and is the licence holder under a Production Sharing Agreement for the Visoka oil field in Albania.

Terraoil Swiss has a 100% stake in the Visoka field; the group's Albanian subsidiary is the operator.

Licence term of 25 years from 2012 to 2037 (extendable thereafter for additional five year terms).
Visoka oil field
Visoka has a 2P recoverable reserve volume of 65.3 mmbbl (GCA Q1/2014).

Current production is approximately 300 bopd, while mid-case management forecast scenario anticipates production of roughly 13,000 bopd being reached over the next few years.

Resource estimates are based on the primary oil recovery methods. Secondary recovery methods are being tested which could improve recovery factors.
Summary information
Growth Strategy
Primary recovery is planned through the anticipated development of the Company's assets through drilling up to 187 horizontal wells across all fields.

Heads of Terms for three additional oil fields (Cakran, Gorisht, Amonicë) were signed in June 2018. Operational takeover of the new Albanian production portfolio in late 2021/ early 2022 is expected to provide additional returns to shareholders.

Additional business development opportunities are under assessment. Specifically, additional assets in Albania, Balkans and abroad are currently under review. The further strategic focus lies on:
• Producing and acquiring prospective oil and gas fields in Albania
• Producing and acquiring prospective oil and gas fields assets with existing or near-term production in other markets
• International Oil Trading Activities
Shareholding
Minority shareholders 37.2%
approx. 470 registered shareholders
with less than 5% each
Peter Krempin 31.4%
CEO, Member of the Board of Directors and a major shareholder
Shefqet Dizdari 31.4%
Administrator Petroleum Operations,
Member of the Board of Directors and a major shareholder