RIXX Invest AG completes first development phase of Rattlesnake Oil and Gas
LLC

EQS-Media / 21.02.2024 / 16:57 CET/CEST

RIXX Invest AG completes first development phase

of Rattlesnake Oil and Gas LLC

Berlin, February 21, 2024 - RIXX Invest AG, Berlin, has successfully
completed the first phase of the development in production areas of
Rattlesnake Oil and Gas LLC in Texas (USA). The modernization of 36 oil
production wells currently enables a daily production volume of up to 150
barrels of crude oil; current crude oil price for West Texas Intermediate
(WTI) is USD 76.86 per barrel.

RIXX Invest AG acquired Rattlesnake Oil and Gas LLC, headquartered in Dover
(Delaware), USA, at the end of August 2023. It was RIXX's first acquisition
since its realignment in 2022. As part of the transaction, the auditing firm
KPMG (Houston) valued Rattlesnake LLC's production areas in Texas at USD
37,333,000.

The production areas of Rattlesnake LLC cover around 5,700 hectares and
offer the potential to reactivate up to 200 existing but currently largely
inactive oil production wells. These have an estimated lifespan of up to 50
years and are to be modernized in accordance with a development plan. New
wells can also be drilled.

The remaining oil wells are to be modernized over the next 2 to 3 years.
This could increase daily production to a total of 700 to 1,000 barrels per
day.

RIXX had already announced its intention to acquire further oil production
areas in the future.

Further Information:

Thomas Knipp

thomas.knipp@rixx-invest.com

Tel.: +49175 779 6500

About RIXX Invest AG:

Berlin-based RIXX Invest AG ("RIXX AG") is an investment holding company in
the energy sector whose shares are listed on the OTC market of the Berlin
Stock Exchange.


End of Media Release

---------------------------------------------------------------------------

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

21.02.2024 CET/CEST Dissemination of a Press Release, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   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 Berlin
   EQS News ID:    1842355

End of News EQS Media
---------------------------------------------------------------------------

1842355 21.02.2024 CET/CEST