MDM Permian, Inc. and FireDream Resources, LLC have signed a letter of intent (LoI) to jointly develop up to 200 Permian Basin Wells in the Southern Midland Basin. The LoI kicks off with the companies having entered into a sales and operating agreement for four wells in Irion County, Texas. MDM Permian will retain a carried working interest 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 7000 ft. with both Wolfcamp, Clearfork and San Angelo potential behind pipe.