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par RIXX Invest AG (isin : DE000A3H2341)

RIXX Invest AG: Rattlesnake Oil & Gas, LLC Invests in Sustainable Increase of Production


EQS-Media / 16.10.2024 / 10:21 CET/CEST

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."



End of Media Release


Issuer: RIXX Invest AG
Key word(s): Enterprise

16.10.2024 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG.
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Language:English
Company:RIXX Invest AG
Kurfürstendamm 194
10707 Berlin
Germany
Phone:+49 30 629319872
Fax:+49 30 629319873
E-mail:info@rixx-invest.com
Internet:https://rixx-invest.com/
ISIN:DE000A3H2341
WKN:A3H234
Listed:Regulated Unofficial Market in Dusseldorf (Primärmarkt)
EQS News ID:2009715

 
End of NewsEQS Media

2009715  16.10.2024 CET/CEST

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