EQS-News

Terraoil announces Approval of CHF 19.3 million KER and Key Upcoming Milestones - Seite 2

"This is the year Terraoil will evolve into a diversified E&P company with the anticipated takeover of the three additional onshore producing oil fields and the development of potentially interesting gas projects with our partners.

We have set important goals for the company which we believe are achievable and hence we continue to take the necessary steps to position the company for a stock exchange listing when the window for such an opportunity opens. The main purpose of the planned IPO is to achieve our mission to become the country's leading oil producer. The company's IPO preparedness is an important milestone for the company as we are aiming to receive regulatory approval in the shortest possible time."

About Terraoil Swiss AG
Terraoil is an international E&P company with a focus to identify and rapidly advance undeveloped transformational production potential through state-of-the-art technology with comparably low production cost. https://terraoil.swiss


Terraoil contact
Peter Krempin, CEO
T: [phone]
[e-mail]

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.

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End of Media Release

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Language:	English
Company:	TERRAOIL SWISS AG
	Industriestrasse 47
	6300 Zug
	Switzerland
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	terraoil.swiss
ISIN:	CH0369663445
EQS News ID:	1185952