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News

2020

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.

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.

Terraoil Swiss AG Extraordinary General Meeting held on 17 March 2020

Terraoil Swiss AG held an EGM on 17th March 2020 in absence of the physical presence of shareholders.

Terraoil Swiss Announces Conversion of CHF 15 Million Convertible Loan into shares

CHF 15 million Convertible Loan subscriber has given notice of full conversion to shares, showing confidence in Terraoil’s attractive business model.

Terraoil Swiss announces placement of up to CHF 15 Million CLN and preparations for listing

On 24 October 2019, Terraoil together with CAT Financial Products Ltd, hosted a lunch event in Zurich presenting its CHF 15 million credit linked note (“CLN”). The Company continues to focus on listing on an internationally recognized stock exchange.

Terraoil CEO delivers speech at the SPE Upstream Finance and Investments Conference

Peter Krempin, CEO of Terraoil Swiss AG, contributed in an international upstreamers panel organised by the Society of Petroleum Engineers (SPE) on 29 October 2019 in London.

2019

Shareholder Information: Overview of 2019

Terraoil gives a summary of both the operational and financial achievements it has made this year. Additionally, the Company provides its comments on the current market environment and expectations for the oil price in H1 2020. Terraoil remains committed to its goal of achieving a listing on a premier capital market.

CEO’s Annual Review 2018: a successful, eventful year for Terraoil

Terraoil’s CEO, Peter Krempin, provides an update on the Company’s activities in 2018, highlighting the significant progress made. Additionally, Peter Krempin offers an outlook for 2019 which is expected to be another successful year.

Terraoil enters into crude oil sale and purchase agreement with Eni Trading & Shipping

Terraoil has signed an agreement with Eni Trading & Shipping S.p.A. in respect of the sale and purchase of Albanian crude oil. The initial term of the agreement is from 1 February 2019 through to 31 January 2021. The companies also have a mutual interest in pursuing a long-term strategic relationship.