|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0130 - 0.0148|
|52 Week Range||0.0100 - 0.1500|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
ADDISON, Texas, Oct. 11, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- MDM Permian, Inc. (MDMP) today announced the formation of strategic alliances with Frisco, Texas based FireDream Resources, LLC. and affiliates. “We are excited about these new relationships and the growth they will afford both sides in transactions moving forward,” said Michael Rafael, President and CEO of MDM Permian, Inc. The companies have signed an LOI to jointly develop up to 200 wells in the Southern Midland Basin with MDM Permian, Inc. as the prospect generator and operator. The LOI kicks off with the companies having entered into a sales and operating agreement for 4 wells in Irion County, Texas.
ADDISON, Texas, Sept. 24, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – MDM Permian, Inc. (MDMP) is pleased to announce that it has entered into an agreement for the acquisition of four (4) Canyon Sand wells in Irion County, Tx. Well Logs indicate the potential for further production from shallower depths, the Wolfcamp, Clearfork and San Angelo formations. The company is currently evaluating all possible scenarios to obtain maximum production from the wells.
In order to streamline operations and focus full attention to the Permian Basin, MDM Permian, Inc. (MDMP) has elected to completely shut down all activities in the Illinois Basin. It would be financially unreasonable to continue with the operation of one or two wells in Illinois while attempting to build a major presence in the Texas and New Mexico portions of the Permian Basin.