MDM Permian, Inc. announced the formation of strategic alliances with FireDream Resources, LLC. and affiliates. 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. MDM Permian, Inc. will retain a carried working interest (CWI) in all the projects. The wells are located in Irion County on the 160-acre Lindley lease, producing from the Canyon Sands at an approximate depth of 7,000 ft. with both Wolfcamp, Clearfork and San Angelo potential behind pipe. MDM Permian, Inc. has designed a re-work program that includes updating existing infra-structure, additional perforations to increase oil and gas entry, chemical programs, and acid jobs. The company is also obtaining an option for up to four full sections where the Lindley lease is located.