Replies to post #5560 on MDM Permian Inc (MDMP)

[captainscotty]

#MDMP: Has announced continued good news and advances in our overall business plan in the Permian Basin....:-)

https://www.mdmpermian.com/

The Company is now planning to go into the drilling and development phase.

$MDMP has sold its third load of oil from Brown #1 well. More to come! #MDMP

— mdmpermian (@mdmpermian) October 6, 2022

https://www.otcmarkets.com/otcapi/company/dns/news/document/52989/content


Carrollton, Texas, September 9th, 2021,

MDM Permian Inc. (OTCPK: MDMP)

Today has announced continued good news and advances in our overall business plan in the Permian Basin.

MDM Permian has just completed a 4-year focused study, on a 24 sq. mile area in the Permian Basin. There are several over-looked targets in this area that have been identified, including the San Angelo, Clear Fork, Wichita Albany, Dean Wolfcamp and Canyon Sands formations. Third party engineers have confirmed an estimated 84 million barrels of producible oil in place from all sections combined. At today’s prices, this area has an estimated value of as much as $5b in undiscounted future revenues at current prices. The company plans to drill only vertical wells that are low risk and cost as compared to horizontal wells (HZ). It estimated Lease Operating Cost (LOE) is $8.00 per BOE-on risk adjusted return.

The Company is now planning to go into the drilling and development phase.
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 value through reserves and production in the Permian Basin of Texas. MDM Energy,
Inc. (the wholly owned operating subsidiary of MDM Permian, Inc.), has been actively involved in the oil and gas industry since 1981 with offices located in Carrolton, Texas. Michael Rafael has 40 years of experience in the oil and gas industry, serving as founder, President and Chief Executive Officer of MDM Energy, Inc.(“MDM”).



FORWARD-LOOKING STATEMENTS
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statements of future events or conditions are forward-looking statements. Actual future results, including financial and
operating performance; total capital expenditures and mix; cost and expense reductions; emissions intensity and
absolute emission reductions; cash flow, dividends, debt levels, and shareholder returns; business and project plans,
timing, costs, capacities, and returns; asset management activities; results from settlement of outstanding derivatives;
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and nature of further outbreaks and the effects of government responses on people and economies; reservoir
performance; the outcome of exploration projects; timely completion of development and other construction projects;
changes in law, taxes, or regulation including environmental regulations, trade sanctions, and timely granting of
governmental permits; government policies and support and market demand for low carbon technologies like carbon
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satisfaction of applicable conditions to closing, including regulatory approvals; the capture of efficiencies within and
between business lines and the ability to maintain near-term cost reductions as ongoing efficiencies while maintaining
future competitive positioning; unforeseen technical or operating difficulties and unplanned maintenance; the
development and competitiveness of alternative energy and emission reduction technologies; the results of research
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