MDM Permian Inc (MDMP)

[Louied91]

MDM Permian, Inc. Lindley #4-A Drilling Schedule

News Link: https://www.otcmarkets.com/otcapi/company/dns/news/document/57711/content

Carrollton, Texas, March 08, 2022 - MDM Permian Inc. (OTCPK: MDMP) today has announced that plans have been completed to begin the drilling of the Lindley #4-A well in Irion County, Tx.

IRION COUNTY, TEXAS – LINDLEY #A-4

The Lindley #4-A well location is currently permitted to a depth of 2000 ft. targeting the prolific San Angelo Sands. A Tinsley Drilling Company rig is scheduled to move onto the location during the last week of April. The location is very small with rock is at the surface, so steel pits will be utilized and provided by Tinsley. Hot Splash Mud Co. will supply the drilling fluids and PSI Wireline will provide logging services.

NuTech Energy has provided an impressive log analysis and an Advanced Reservoir Characterization of the target zone on the nearby Lindley #A-3 well, which was drilled in 1984, produced from the Canyon Sands at a depth of 6700 ft. and recently plugged due to shallow casing leaks and poor casing integrity.

The Lindley #A-4 location is a direct offset to the #A-3. The expected section is 30 ft. thick and shows high permeability and oil saturation. NuTech analysis indicates that the zone has the potential for over 100,000 BO over the life of the well.

MDM Permian, Inc. will provide more updates as drilling of this exciting well begins.