THE MDM PERMIAN, INC. BUSINESS MODEL The MDM Permian, Inc. business model is not a new concept. This business plan has been highly successful for numerous companies engaged in the Permian Basin. 1. Initiate a geological workup and collection of existing data available within a promising area of the Permian Basin. 2. Conduct a mineral examination of the public record and determine the mineral owners. 3. Obtain favorable oil and gas leases in the area of concern. 4. Conduct new scientific surveys to help ascertain strategic locations for drilling and proving of reservoirs. 5. Strategically drill new wells. 6. Re-enter select plugged historic wells for scientific data collection. 7. Sell the prospect to a production company. 8. Replicate procedure. Companies that are heavily involved in the drilling and production of unconventional reservoirs are constantly in need of new acreage to add to the drilling inventory. Unconventional reservoirs decline rather quickly in comparison to traditional reservoirs, thus the need to replenish drilling location inventory whenever possible. It is much easier to make the acquisition of assembled and proven acreage than attempt to conduct that effort inhouse while developing and managing current acreage and production. A large block of contiguous acreage that has demonstrated the existence and productivity of these reservoirs becomes a very valuable asset. That asset can be monetized through the strategic drilling and marketing of the acreage by a team of seasoned professionals. The most successful company in this arena is Three Rivers Operating, LLC. Three Rivers has created and sold Three Rivers I, Three Rivers II, and Three Rivers III collectively for over $3 billion. The company is now engaged in Three Rivers IV. Parsley Energy recently purchased the acreage assets and production of Double Eagle Energy for $2.8 billion specifically for new drilling locations as well as the established production. Callon Petroleum Company acquired the oil and gas assets of American Resource Development Company for $633 million to increase drilling location inventory. RK Petroleum, Inc. sold the assets of 9500 acres and 1900 BOPDE (all vertical) to QEP for $660 million. All the above acquisitions were focused to increase the inventory of unconventional reservoir locations as well as increase daily oil and gas production. https://www.otcmarkets.com/stock/MDMP/news/The-MDM-Permian-Inc-Business-Model?id=248647
MDMP MDM PERMIAN AND FIREDREAM RESOURCES SET TO BEGIN FIELD WORK ON LINDLEY LEASE https://backend.otcmarkets.com/otcapi/company/dns/news/document/39543/content
MDMP MDM Permian, Inc. on Schedule to Begin Pre-Production Field Work in Permian Basin *Company Also Announces Moving Of Corporate Offices https://finance.yahoo.com/news/mdm-permian-inc-schedule-begin-180522129.html
MDMP MDM Energy, Inc. Begins Lindley 6103 Re-Work in The Permian Basin ADDISON, Texas, Feb. 28, 2020 via OTC MARKETS -- MDM Permian, Inc. (OTC: MDMP) MDM Energy, Inc. (the wholly owned operating subsidiary of MDM Permian, Inc.) has ordered a rework rig to the Lindley 6103 location The company is waiting on confirmation for the first week of March to initiate enhanced production stimulation work. As part of the process, we have also ordered shooting of the fluid level in the well. That service will be performed on Monday, March 02. Once the rig and test tank are on location, we will pull the rods and tubing, inspect the rods for pitting and paraffin buildup at the boxes. The tubing will be pressure tested on location and bad joints will be replaced. We will also have the down-hole pump rebuilt. The next step will be to initiate the actual re-working of the well in the Canyon Sands. The Lindley 6103 well had initial production rates as high as 96 BOPD. “We are confident that oil and gas production from this old well can be re-stimulated to economical rates by applying the use of the gas gun technology along with hydrochloric acid and chemicals” said Michael Rafael, President and CEO. Upon completion of the initial re-work of the Lindley 6103, we will move our efforts the cleanup of the top of the ground equipment at the Lindley ‘A’ lease tank battery for the Lindley A#1, A#2 and A#3 wells. MDM Energy, Inc. has a history of success working in old oilfields. We have attached a video illustrating one of those success stories from 2007. The video was shot in Crawford County Illinois at a well in the Main Consolidated Oilfield, discovered in 1906 by the Ohio Company. The field has produced over 300 million barrels of oil from Penn sands at less than 1000 ft. MDM Energy, Inc. managed to find a virgin sand bar in the middle of this 100+ year old oilfield. The well had initial production of 165 BOPD and continues to produce at economical rates to this day. About MDM Permian Inc.: Based in Addison, Texas, MDM Permian, Inc. is a publicly traded energy company with interests in oil and natural gas wells, minerals and prospects. The Company’s business plan includes building value through reserves and production in the Permian Basin of Texas. Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise. For additional information, view the company’s website at www.mdmpermian.com or contact MDM Permian, Inc. at (214) 651-9900 $MDMP
