on RIXX Invest AG (isin : DE000A3H2341)
Rattlesnake Oil & Gas, LLC Targets Sustainable Production Expansion
RIXX Invest AG announced that its subsidiary, Rattlesnake Oil & Gas, LLC, is set to expand its production capacity. The company plans to reactivate four legacy wells, aiming to increase daily oil output by 6 to 10 barrels per well. This initiative follows recent stabilization in production levels.
An investment of USD 200,000 will support both the maintenance and expansion efforts, enhancing infrastructure to prevent operational downtimes. Improvements will primarily focus on water tanks and production storage facilities. Work is expected to commence shortly, with initial results anticipated within 6 to 10 weeks.
Rattlesnake Oil & Gas views this strategy as a step towards sustainable growth and enhanced operational stability. The investment aims to bolster production in both the short and long term, aligning with the company's strategic growth vision.
R. E.
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