MDM PERMIAN, INC.PERMIANBASIN FIELDUPDATECarrollton, Texas, May13, 2021-MDM Permian Inc. (OTCPK: MDMP) Provides Updated information from its field activities in the Permian Basin of Texason the Lindley 6103lease, Lindley A lease,and the Oglesby 1-A lease.Oil prices remain strong and are expected to continue to increase all year.LINDLEY 6103At the end of Februaryand beginning of March,Texas underwent a major weather event with below freezing temperaturesfor about a week. Power was lost in our field for the duration of the event. After power was restored, the 6103 well was unable to pump any fluid. We attempted to add hot water to the tubing in an effort to get the well pumping again. The attempt was unsuccessful,the tubing was fulland the downhole pump ws not working. We called for a rig to pull the rods and pump. Permian Services had rig on location last week. They changed out the pump and added 75 bbls of hot water to the tubingto clean out paraffin.The well wasput back to productionand isproducing18 barrels of oil per day while still returningload water.Thewell is producing from perforations at the Canyon Sand.OK ET Blackwater, LLC is our investor partner on this well.MDM Permian, Inc. owns all otherlease rights.LINDLEY A LEASEThe wells on this lease have beenfully evaluated by NuTech Energy Alliance.Theyhaveassessedthe threeA leasewellswith over 500,000barrels of producibleoilfrom overlooked reservoirs.These reserves are from Clearfork at approximately 3000 ft and San Angelo at approximately 2000 ft.The wells were producingfrom the Canyon Sands at an approximate depth of 6500 ft.We placed Cast iron bridge plugs over the Canyon Sands and have begun work to open the overlooked zones. Cement squeeze jobswere doneto restore integrity to the casing and protect freshwatertables. Permian Services drilled out the cement after the jobs were completed.We are planning to open the Clearfork on the A-1 well. The A-3 well was found to haveprior cement squeezes near theSan Angelo oil bearing section. This made it impossibleto accuratelyget the proper cement mix acrossthe section. The decision was made to plugand drill a new well to the San Angeloat an approximate depth for TD at 2100 ft. A surveyor is expected to stake the new location within the next weekso that we may apply forawell permit.OK ET Blackwater, LLC. is our investor partner on these wells.MDM Permian, Inc. owns all other lease rights. OGLESBY 1-AThe well produces from Canyon sands at an approximatedepth of 6500 ft. and makes 1 –11/2bbls of oil per day with a trace of water. Wesold oil from the well this month as a split load with the Lindley 6103. NuTech has done a complete assessment for this well at over 1 million barrels of producibleoil from multiple zones.The company is in discussion with NuTechEnergy Allianceas to the planned opening of additional reservoirs.MDM Permian, Inc. owns this well and lease 100% and has no investor partners.About MDM Permian, Inc.: Based in Carrolton, Texas, MDM Permian, Inc. is a publicly traded energy company with interests in oil and natural gas wells, mineral prospects. The Company’s business plan includes building valuethrough reserves and production in the Permian Basin of Texas. MDM Energy, Inc. (the wholly ownedoperating subsidiary of MDM Permian,Inc.),has been actively involved in the oil and gas industrysince 1981 withoffices locatedin Carrolton, Texas. Michael Rafael has nearly 40 years of experience in the oil and gas industry, serving as founder, President and Chief Executive Officer ofMDM Energy, Inc.(“MDM”).Mr. Rafael has been directly involved in the drilling, completion, and operation of over 300 oil and gas projects, primarily in theIllinois Basin, and directly supervisesand oversees field operations. Mr. Rafael works directly withcontract geologists, petroleum engineers and geophysicistsfrom start to finish. For more information about the company, please visit https://www.mdmenergy.com.Follow us on twitter: https://twitter.com/mdmpermianSafe Harbor Act: This release includesforward-looking statements made pursuant tothe safe harbor provisions ofthe Private Securities Litigation Reform Act of 1995 that involves risks and uncertaintiesincluding, but not limitedto, the impactof competitive products, the ability to meetcustomer demand, the ability to manage growth, acquisitionsof technology,equipment, or human resources, the effect of economic business conditions andthe ability to attract and retain skilled personnel. The Company is not obligated to revise or update anyforward-looking statements in order toreflect eventsor circumstances that may ariseafter the date of this release.For additional information, view the company’s website atwww.mdmpermian.comor contact MDM Permian,Inc.at (214) 651-9900
