MDM PERMIAN INC - MDMP STOCK NEWS

Welcome to our dedicated page for MDM PERMIAN news (Ticker: MDMP), a resource for investors and traders seeking the latest updates and insights on MDM PERMIAN stock.

MDM Permian Inc (MDMP) is an emerging oil and gas exploration and production company leveraging decades of conventional play knowledge and state-of-the-art nu-tech log analytics. Positioned at the forefront of mid-level Permian operators, MDMP is poised for developmental growth in 2021-22. Through selective lease targeting, strategic service provider alliances, and the experience of its team, MDMP focuses on building value in the ground and capitalizing on it through select drill site development.

03/26/2024 11:45 AM

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MDM Permian Inc. Announces the Appointment of Michael Cohen to its Advisory Board

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MDM Permian Inc. appoints Michael Cohen, a seasoned investment banking professional, to its Advisory Board. Cohen's 35-year career includes key roles at Lehman Brothers and Oppenheimer, specializing in capital raising through IPOs, secondary offerings, and private placements. His appointment is expected to enhance MDM Permian's growth strategy and shareholder value in the energy sector.

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02/20/2024 11:50 AM

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MDM Permian Inc Announces the Second $500,000 Capital Infusion into Essence Wells, LP for Strategic Rework of East Texas and Permian Basin Wells

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MDM Permian, Inc. secures a $500,000 capital infusion from two investors for reworking existing wells in Texas and Permian Basin, aiming to generate substantial income and maximize shareholder value.

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01/16/2024 06:00 AM

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MDM Permian Inc. Announces a $500,000 Capital Infusion into Essence Wells, LP for Strategic Rework of East Texas and Permian Basin Wells

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MDM Permian, Inc. (MDMP) has announced a capital infusion of $500,000 from three individual investors to rework existing wells in Texas, aiming to generate income for both investors and the company. The potential initial production from the wells is estimated to exceed $55,000 in gross revenue, with additional income expected from the Ogelsby well in the Permian Basin. President and CEO Mark Warner expressed excitement about using the funds to increase shareholder value and minimize dilution.

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09/20/2023 12:15 PM

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MDM Permian, Inc Announces Rework Plans for Cotton Valley Gas Wells in East Texas

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MDM Permian, Inc announces strategic plans to rework three Cotton Valley gas wells in East Texas, with estimated reserves of 750 million to 1 billion cubic feet of gas per well. Initial production rates average 1.5 million cubic feet per day, stabilizing at 30% to 40% after the first year. The company aims to optimize performance and potential, adhering to regulatory and environmental standards.

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09/13/2023 09:30 AM

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MDM Permian, Inc. Sponsors a $10MM 506(c) Reg D Offering as an Anti-Dilutive Measure and to Take Advantage of Recent Acquisitions

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MDM Permian, Inc. launches a $10 million Regulation D Offering to safeguard ownership stakes of existing shareholders and enhance growth prospects.

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09/05/2023 02:15 PM

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Geological and Engineering Reports Reveal Significant Reserves in Recently Acquired East Texas Lease

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MDM Permian announces promising findings of substantial oil and gas reserves in East Texas leases, with a projected recoverable oil volume of up to 730,000 barrels. Nearby fields have demonstrated impressive production figures, indicating significant hydrocarbon potential. This highlights the potential for growth and value for shareholders.

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08/29/2023 01:00 PM

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MDM Permian Inc Celebrates Milestone: Successful Sale of First Load of Oil from East Texas Acquisition

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MDM Permian Inc. announces successful sale of first load of oil from recent East Texas acquisitions, marking a significant milestone for the company and its new management.

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08/23/2023 03:50 PM

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MDM Permian, Inc. (Symbol:MDMP) Announces Strategic Acquisitions and Strengthened Management

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MDM Permian, Inc. announces significant acquisitions and expansion into the energy sector.

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06/29/2023 12:25 PM

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MDM Permian, Inc. (Symbol: MDMP) Acquires a 90% working interest in a 640-Acre Lease in the East Texas Basin

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MDM Permian, Inc. has acquired a 90% working interest in a 640-acre lease in East Texas, strengthening its position in the energy industry. The move aligns with the company's focus on production efficiency and resource utilization.

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03/31/2022 09:30 AM

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MDM Permian, Inc. Annual Report and Disclosures Posted

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MDM Permian Inc. (OTC Pink: MDMP) announced the release of its 2021 Annual Report and Supplemental Reserve Reports on March 31, 2022. The company expressed enthusiasm over its operational progress, citing a successful fundraising effort to support production and marketing initiatives. With oil prices exceeding $100 per barrel, MDM has reported reserves valued at over $18 million. The company plans to begin drilling activities in May 2022 and aims to complete a financial audit in April to seek an up-list to QB status.

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FAQ

What is the current stock price of MDM PERMIAN (MDMP)?

The current stock price of MDM PERMIAN (MDMP) is $0.00869 as of September 26, 2024.

What is the market cap of MDM PERMIAN (MDMP)?

The market cap of MDM PERMIAN (MDMP) is approximately 5.3M.

What is MDM Permian Inc (MDMP) focused on?

MDMP is focused on leveraging conventional play knowledge and advanced analytics to develop oil and gas assets in the Permian region.

How does MDM Permian Inc (MDMP) aim to create value?

MDMP creates value by targeting selective leases, forming strategic alliances, and utilizing its experienced team to develop drill sites and capitalize on resource potential.

What sets MDM Permian Inc (MDMP) apart from competitors?

MDMP differentiates itself through its focus on developmental growth, advanced analytics, and building value through ground exploration and drill site development.