Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 15

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 15
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;

    ·
    changes in government regulations and issuance of local drilling restrictions or moratoria;

    ·
    adverse weather;

    ·
    reductions in commodity prices;

    ·
    pipeline ruptures; and

    ·
    unavailability or high cost of equipment, field services and labor.

A productive well may become uneconomic in the event
unusual quantities of water or other non-commercial substances are encountered in the well bore that impair or prevent production. We
may participate in wells that are or become unproductive or, though productive, do not produce in economic quantities. In addition, even
commercial wells can produce less, or have higher costs, than we projected.

In addition, initial 24-hour or other limited-duration
production rates announced regarding our oil and natural gas properties are not necessarily indicative of future production rates.

Dry holes and other unsuccessful or uneconomic exploration,
exploitation and development activities can adversely affect our cash flow, profitability and financial condition, and can adversely affect
our reserves.

Permitting requirements could delay our ability
to start or continue our operations.

Oil and natural gas projects are subject to extensive
permitting requirements. Failure to timely obtain required permits to start operations at a project could cause delay and/or the failure
of the project resulting in a potential write-off of the investments made.

Seasonal weather conditions adversely affect
our ability to conduct drilling activities in some of the areas where we operate.

Our oil and natural gas operations can be adversely
affected by seasonal weather conditions. In these areas, drilling and other oil and natural gas activities sometimes cannot be conducted
as effectively during the winter months, and this can materially increase our operating and capital costs. Certain of our operations are
also subject to the risk of adverse weather events, such as thunderstorms and tornados.

10 

Unanticipated costs could require new capital that may not be available.

The oil and natural gas business has the opportunity
for significant returns on investment, but achievement of such returns is subject to high risk. For example, initial results from one
or more of the oil and natural gas programs could be marginal but warrant investing in more wells. Dry holes, over-budget exploration
costs, low commodity prices, or any combination of these or other adverse factors, could result in production revenues falling below projections,
thus adversely impacting cash expected to be available for a continued work program, and a reduction in cash available for investment
in other programs. These types of events could require a reassessment of priorities and therefore potential re-