RIXX Invest AG / DE000A3H2341

RIXX Invest AG: Rattlesnake Oil & Gas LLC Invests in Sustainable Production Increase Commissioning of Four Legacy Wells Expected production increase: 6 to 10 barrels of oil per well/day Investment volume: USD 200,000 for maintenance and expansion Berlin, October 16, 2024. RIXX Invest AG announces that its subsidiary, Rattlesnake Oil & Gas, LLC, is planning to expand its production capacity. Following the successful increase and stabilization of oil production in recent months, Rattlesnake Oil & Gas LLC is now focusing on a targeted expansion of its output, as previously announced. The primary focus is the reactivation of four so-called "legacy wells," which have the potential to increase daily production by 6 to 10 barrels per well. Rattlesnake’s management commented: "This strategic investment is aimed at further expanding our production capacity while optimizing the efficiency of our facilities." The work is expected to begin soon, with initial results anticipated within 6 to 10 weeks. Sustainable Production Increase and Infrastructure Expansion
In addition to reactivating the legacy wells, Rattlesnake Oil & Gas, LLC, is also investing in improving its existing infrastructure—particularly in water tanks and production storage. This will not only increase daily oil output but also minimize potential operational downtimes due to insufficient infrastructure. The management of Rattlesnake added: "Our long-term strategy is focused on sustainable growth and operational stability. The planned measures will contribute to increased production performance in both the short and long term."