TERRAOIL SWISS AG

  • ISIN: CH0369663445
  • Land: Schweiz

Nachricht vom 08.04.2021 | 06:30

Terraoil business interview with the executive leadership team following the COVID-19 pandemic

EQS Group-News: TERRAOIL SWISS AG / Key word(s): Miscellaneous
08.04.2021 / 06:30

Terraoil's executive leadership provides update via a Zoom-recorded interview 

Zug, Switzerland, April 8, 2021 - Terraoil Swiss AG provides business update via a Zoom-recorded interview. The executive leadership team of Terraoil provides several insights and updates on both, the company's challenges and progress following the Coronavirus outbreak and the full interview can be accessed by following this link.

In this interview, Chief Executive Officer, Peter Krempin, explains the attractiveness and potential of Albania's onshore reserves and shares his views on the oil and energy sector following the unprecedented price decline in Brent crude oil and why the pandemic provides interesting opportunities for investors. He further gives an update on the COVID-19 bank credit secured by the Swiss government and how the company has balanced short-term needs with the original goals and plans while trying to navigate both the impact of the oil price war and pandemic. He provides an update on the final execution of the production sharing agreements, the company's relationship with the Albanian government and how the judiciary reforms in Albania, as a potential EU member state, have impacted the company.

Chief Technology Officer, Peter Clutterbuck, shares his views on Albania as the Company's primary strategic focus, the opportunities it provides for Terraoil and explains the different risk profiles of mid-tier oil and gas companies and the super majors. Bayne Assmus, Terraoil's Chief Operating Officer, provides an update on the operations of the Visoka oilfield and future goals.

Chief Financial Officer, Bill Cummins, provides an overview on the Company's financial strategy, the impact of the pandemic on continuous financing efforts and the challenges faced by oil and gas companies in today's investment climate. He also provides an update on the company's financing strategy in the next 12 to 18 months including strategic partnerships and a possible listing on an international stock exchange.

Chief Executive Officer, Peter Krempin, commented:

"We are pleased with the resilience of our company and the continuous efforts made by the team despite the impact of the COVID-19 pandemic on our initial corporate goals and objectives.

We continue to deliver regulatory progress, despite the pandemic causing a slow down in development of our existing operations, through the approval of the 2021 work program by Albania's National Agency of Natural Resources and Albpetrol. In addition, we remain focused on building on our solid foundations to deliver long-term growth."

Follow this link to the complete interview.

Terraoil forward-looking statements
This media release contains forward-looking statements such as projections, forecasts, and estimates. Such forward-looking statements are subject to certain risks and uncertainties which may cause actual results, performance, or events to differ materially from those anticipated in this media release. Readers should therefore not rely on these forward-looking statements. The forward-looking statements contained in this media release are based on the views and assumptions of Terraoil Swiss AG as of this date and Terraoil Swiss AG does not assume any obligation to update or revise this media release.

Terraoil contact

Peter Krempin, CEO
T: +41 71 544 01 20
investors@terraoil.swiss



End of Media Release



show this

Event im Fokus

Termine 2021

10. Juni 2021:Fachkonferenz Immobilien

14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure

13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie

10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix

„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“

GBC-Fokusbox

11 Perlen im „GBC Fonds Champions 2021“

Im Rahmen der aktuellen Studie „GBC Fonds Champions 2021“ haben wir elf versteckte Fondsperlen mit dem Kriterium einer Mindestbewertung von 4 von 5 GBC-Falken ausgewählt. Auch tragen wir dem gesteigerten Investoreninteresse nach nachhaltigen Investments Rechnung und haben drei nachhaltige Fonds ausgewählt. Übrigens, die Fonds aus unserer letzten Ausgabe haben im Schnitt eine Performance von plus 31,8 % erreicht.

News im Fokus

Deutsche Post AG übertrifft Q1 Erwartungen deutlich und erhöht Ergebnisprognose für 2021

09. April 2021, 16:05

Aktuelle Research-Studie

Original-Research: Valneva SE (von First Berlin Equity Research GmbH): Kaufen Valneva SE

09. April 2021