Fantasista Invests in Producing Oil Field Fund in Wyoming, USA

Fantasista Co., Ltd. (Headquarters: Minato-ku, Tokyo; President: Daichi Tano; Securities Code: 1783/TSE Standard) resolved at its board meeting held on June 3, 2026, to invest in an oil field fund (a private partnership) that invests in crude oil production projects currently operating in Wyoming, USA.

The investment target is an active oil field in Wyoming. The company will invest 350,000 USD (approximately 55 million JPY equivalent) from its own funds. As the target is a producing oil field with a track record of production and dividends, the company anticipates long-term profit distribution. Furthermore, with an eye on the potential for tokenization (digital securitization) leveraging blockchain technology by business partners, the company aims to create new business opportunities that bridge Real-World Assets (RWA) and digital technology.

[Key Points]

1. Active Real-World Assets (RWA) — The investment targets oil fields that have production track records and are currently in operation.

2. Measures to Increase Production Efficiency — Plans are in place to improve production efficiency through water flooding.

3. Contact Point with Web3 — Aiming to enter the RWA digitization domain, anticipating the tokenization of investment projects like this one.

Background — Focus on Real-World Assets (RWA)

Crude oil is an essential energy resource supporting the global economy, and its production business is a prime example of a Real-World Asset (RWA).
The company has focused on producing oil fields in Wyoming, USA, which already have a track record of production and sales.

The investment project is organized as a joint venture between Pacific Petroleum Operating LLC (Delaware, USA; hereinafter "PPO") and Vermillion Cliff Partners (Michigan, USA). The oil field is already in operation, and future plans include maintaining and improving production efficiency through water flooding.

The company is a minority shareholder and is not involved in the execution, decision-making, or operation of the private partnership.

[Fund and Investment Overview]

Fund Name
Pacific Bays Capital Japan Petroleum No. 1 Private Partnership (Private partnership under the Civil Code)

General Partner (GP)
Pacific Bays Capital Management Limited Liability Investment Partnership

Primary Investment Target
Companies engaged in crude oil production and sales businesses in the United States

Operational Period
20 years from the effective date of the partnership (May 24, 2024), with the possibility of extension

Distribution
Quarterly

Investment Amount
350,000 USD (equivalent to approximately 55 million JPY, funded from cash on hand)

Investment Timing
Scheduled by June 30, 2026

Use of Funds
Part of the fund's investment capital (water flooding costs)

* The exchange rate is calculated at 1 USD = 158 JPY. There are no plans for additional investment at this time.

The Challenge of Real-World Assets × Blockchain

This project was realized through an introduction by the company's business partner, Paycle Co., Ltd. Using this investment as a foothold, the company is looking into entering the "oil field investment × blockchain" business. The company considers this project not as the tokenization of the oil field itself, but as the first step towards entering the growth domain of Real-World Asset (RWA) digitization using blockchain technology.

The real-world asset of continuously producing crude oil and the digital finance provided by blockchain. In the realm where the two intersect, new forms of investment are emerging. Starting with this project, the company will engage in creating new business opportunities through the tokenization of Real-World Assets (RWA), striving to advance fund management and create long-term value.