Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 9

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 9
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    Other risks disclosed below under “Risk Factors”.

6 

Risk Factors

The following risk factors should be carefully considered in evaluating
the information in this annual report on Form 10-K.

Risks Related to the Oil and Natural Gas Industry and Our Operations

The Company has a limited operating history
and may not be successful in developing profitable business operations.

Okmin has a limited operating history since its formation
in December 2020. As of the date of this filing, we have limited assets and revenues. Our future operating results will depend on many
factors, including:

    ·
    The ability to raise or access adequate working capital;

    ·
    The success of our oil and gas exploration and development operations;

    ·
    Our ability to control our costs and produce sufficient quantities of oil and natural gas at a profit; 

    ·
    The prices of oil and natural gas; and

    ·
    Our ability to attract and retain key management.  

Despite our best efforts, we may not be successful
in our efforts to develop profitable business operations.

The oil and gas industry is highly competitive
and there is no assurance that the Company will be successful.

The oil and natural gas exploration and production
industry is intensely competitive, and the Company competes with other companies that have greater resources. Many of these companies
not only explore for and produce oil and gas but also market oil and gas and other products on a regional, national or worldwide basis.
These companies will be able to pay more for productive energy properties and exploratory prospects or define, evaluate, bid for and purchase
a greater number of properties and prospects than Okmin’s financial or human resources permit. In addition, these companies will
have a greater ability to continue exploration activities during periods of low commodity market prices. The Company’s larger competitors
may be able to absorb the burden of present and future foreign, federal, state, local and other laws and regulations more easily than
Okmin can, which would adversely affect its competitive position. The Company’s ability to acquire additional properties and to
discover productive prospects in the future will be dependent upon its ability to evaluate and select suitable properties and to consummate
transactions in a highly competitive environment. In addition, because Okmin has fewer financial and human resources than many companies
in its industry, the Company may be at a disadvantage in bidding for exploratory prospects and producing properties.

The Company has limited interests in oil and
gas leases and cannot guarantee that it will identify or acquire any additional