MDM Permian, Inc. Announces New Controlling Interest Holder

FOR IMMEDIATE RELEASE
For media inquiries, contact: 
Rachel D. Green
V.P. Investor Relations
469-252-3603
rgreen@mdmpermian.com

MDM Permian, Inc. (Symbol: MDMP) MDM Permian, Inc. Announces New 
Controlling Interest Holder

Dallas, TX (July 6, 2023)—MDM Permian, Inc. (OTC: MDMP) announced that on March 15, 2023, FireDream Resources, LLC assumed controlling interest in the company and its wholly-owned subsidiary, MDM Energy, Inc. Located in Frisco, TX, FireDream Resources and its affiliates first entered into a strategic alliance with MDM Permian in 2019. 

“This change in status is one we have been working towards for several years,” stated Mark T. Warner, CEO of FireDream Resources. “We have proven our ability to bring additional assets to the company and are looking forward to expanding revenue sources and streams.” 

According to Warner, with the exception of the Ogelsby Well, all oil and gas interests currently held by MDM Permian and/or operated by MDM Energy have been brought to the company by and through FireDream Resources. These include MDM’s working interests in the Brown lease, the Lindley lease, and the Kew-Peacock oil and gas project.

In the little over three months since assuming control, the new management has brought much needed capital to MDM, strong industry talent, and begun acquiring additional assets. (MDM Permian, Inc. (Symbol: MDMP) Acquires a 90% working interest in a 640-Acre Lease in the East Texas Basin )

“With the new team we have assembled, MDM now possesses the management experience, knowledge, and funding necessary to guide and strengthen MDM Permian and MDM Energy,” he said. “We have hit the ground running! Our goal is to continue to bring assets and funding to the company, while creating an open dialogue with our shareholders and stockholders,” said Warner.