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Monday, October 18, 2021

Major Move on MDM Permian, LLC (OTC: MDMP) as Co Reports Vast Oil Reserves at Permian Basin

MDM Permian, LLC (OTC: MDMP) is in full beast mode rocketing up the charts in recent days after the Company reported it has over 20 million barrels of oil in the ground. MDMP is under heavy accumulation and has quickly emerged as the top most traded stock in small caps attracting legions of new shareholders. On Thursday alone MDMP traded over $100 million in dollar volume and rocketed up the charts over 200% as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no fundamentals compared to MDMP. 

According to the March 10 release:  “The study indicates that on the Lindley A lease, the Clearfork contains 3,578,310 barrels of recoverable oil per 640 acres. The San Angelo contains 5,158,000 barrels of recoverable oil per 640 acres. The reservoirs calculate to $567,860,150. @ $65. oil for the 2 zones combined. Our 1680-acre Lindley Ranch is estimated to contain 13,565,540 barrels of recoverable oil equivalent or expressed as dollar value, $881,760,100. These represent the Clearfork and San Angelo and have not considered other proven zones. The Canyon Sands have not yet been calculated and will significantly add to the total as our engineer estimates that the wells only achieved a 4% recovery. As a public company, inground reserves can be added to the books as an asset. These reserves will significantly increase the value of the company when added according to MDMP management. 

MDM Permian, LLC operating out of Carrolton, Texas 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. The Company was registered in Texas in 2017 by Mr. Michael L. Rafael.  

MDM Energy, Inc. is a wholly owned subsidiary operating company of MDM Permian. MDM Energy, Inc. was incorporated in the state of Texas in 1981. The company has drilled over 125 oil & gas projects in the Illinois Basin over the last decade and had been involved in all aspects of oil and gas development in the basin for over 35 years. As founder and President, Michael L. Rafael has led the company since inception and takes an active, hands on approach to the business. Mr. Rafael has been directly involved with the drilling and or completion of over 350 oil and gas projects in Illinois, Kentucky and Texas. 

The Company is led by founder and CEO Michael L. Rafael who has 40 years of experience in the oil and gas industry, serving as founder, President and Chief Executive Officer of MDM Permian, Inc. Mr. Rafael is also founder and President of MDM Energy, Inc. Mr. Rafael has been directly involved in the drilling, completion, and operation of over 350 oil and gas wells, primarily in the Illinois Basin and the Ft. Worth Basin, and directly supervises and oversees all field operations. Mr. Rafael works directly with contract geologists, petroleum engineers, and geophysicists throughout all phases of operations. These include the generation of prospects, the acquisition of leases, and the gathering of scientific data as well as the planning and drilling of the prospects through completion and production. MDM Energy, Inc. provides pumping and maintenance services as well as water hauling and lease management in The Illinois Basin. 

Investor sentiment on MDMP is very high:

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The stock has seen a parabolic rise after the Company announced the results of the refurbishment of the Lindley A lease wells, Irion County. On March 2 Permian Services, LLC, Midland Texas, moved a rig onto the Lindley 1-A well. On Wednesday we ran a packer to isolate and pressure test for holes in the casing at shallow depths. A hole was located at a depth of 2198 ft. We ordered Powerflex Cementing, LLC, Winters, Texas to apply a 150-sack squeeze job to patch the hole and stop the water infiltration. The attempt was successful, and we contracted a reverse unit from Basic Services to drill out the cement job. After that was done, a Mechanical Integrity Test was run on the well by Tri-Best, Inc. We then moved Tri-Best to the Lindley 2-A well to do a MIT. The charts from both tests are being submitted to the RRC. The planning of the next phase of our work is the completion of the Clearfork at 3800 ft. on the 1-A well. At the same time, we will be re-building the A-Lease tank battery. The current tank battery is located at the top of the Mesa near the 1-A well. We will re-build the new battery at the bottom of the Mesa near the new tank battery built for the Lindley 6103 well. 

RESERVIOR ESTIMATES/BUILDING VALUE IN THE GROUND 

The Advanced Reservoir Characterization that was done by NuTech Energy Alliance is not only crucial to the planning of the completion of the existing wells, but also an important factor for determining the reservoir extent of our acreage. As stated in our original Permian Business Plan, we are building value in the ground. Last month we reported the results of the NuTech Advanced Reservoir Characterization. The study indicates that on the Lindley A lease, the Clearfork contains 3,578,310 barrels of recoverable oil per 640 acres. The San Angelo contains 5,158,000 barrels of recoverable oil per 640 acres. The reservoirs calculate to $567,860,150. @ $65. oil for the 2 zones combined. Our 1680-acre Lindley Ranch is estimated to contain 13,565,540 barrels of recoverable oil equivalent or expressed as dollar value, $881,760,100. These represent the Clearfork and San Angelo and have not considered other proven zones. The Canyon Sands have not yet been calculated and will significantly add to the total as our engineer estimates that the wells only achieved a 4% recovery. As a public company, inground reserves can be added to the books as an asset. These reserves will significantly increase the value of the company when added. 

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MDM Permian, LLC (OTC: MDMP) is in full beast mode rocketing up the charts in recent days after the Company reported it has over 20 million barrels of oil in the ground. MDMP is under heavy accumulation and has quickly emerged as the top most traded stock in small caps attracting legions of new shareholders. On Thursday alone MDMP traded over $100 million in dollar volume and rocketed up the charts over 200% as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no fundamentals compared to MDMP.  According to the March 10 release:  “The study indicates that on the Lindley A lease, the Clearfork contains 3,578,310 barrels of recoverable oil per 640 acres. The San Angelo contains 5,158,000 barrels of recoverable oil per 640 acres. The reservoirs calculate to $567,860,150. @ $65. oil for the 2 zones combined. Our 1680-acre Lindley Ranch is estimated to contain 13,565,540 barrels of recoverable oil equivalent or expressed as dollar value, $881,760,100. These represent the Clearfork and San Angelo and have not considered other proven zones. The Canyon Sands have not yet been calculated and will significantly add to the total as our engineer estimates that the wells only achieved a 4% recovery. As a public company, inground reserves can be added to the books as an asset. These reserves will significantly increase the value of the company when added according to MDMP management. We will be updating on MDMP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MDMP.

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Disclosure: we hold no position in MDMP either long or short and we have not been compensated for this article.

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