Company: OKMN
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001553350-25-000149
Chunk: 19

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-11-25
Form: 10-Q
Item: Item 1
Chunk 19
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 our plans or strategies, projected or anticipated benefits from
acquisitions to be made by us, or projections involving anticipated revenues, earnings or other aspects of our operating results. The
words “may,” “will,” “expect,” “believe,” “anticipate,” “project,”
“plan,” “intend,” “estimate,” and “continue,” and their opposites and similar expressions,
are intended to identify forward-looking statements. We caution you that these statements are not guarantees of future performance or
events and are subject to a number of uncertainties, risks and other influences, many of which are beyond our control, which may influence
the accuracy of the statements and the projections upon which the statements are based.

Our actual results, performance
and achievements could differ materially from those expressed or implied in these forward-looking statements. Except as required by federal
securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether from new information,
future events or otherwise.

U.S. Dollars are denoted herein by “USD,”
“$” and “dollars”.

Overview

Okmin Resources, Inc. was organized in 2020 to engage in the business of
the acquisition, exploration and development of mineral rights and natural resource assets.

As a development stage company, Okmin has been focused
on the acquisition and development of domestic oil and gas fields, investing in lower profile rework and recompletion opportunities with
lower entry costs. The Company's initial projects are located in Oklahoma and Kansas. 

The Company has two wholly owned subsidiaries that
conduct oil and gas activities, Okmin Operations, LLC, incorporated on May 25, 2021 in the State of Kansas, and Okmin Energy LLC, incorporated
on November 21, 2021 in the State of Oklahoma.

Results of Operations

For the Three months ended
September 30, 2025, as compared to the Three months ended September 30, 2024

Revenue

We generated $2,088 in revenue from oil and gas sales
for the three months ended September 30, 2025, as compared to $5,991 in revenues generated in the three months ended September 30, 2024.
The decrease in revenue is predominantly attributable to lower energy prices. These lower prices not only reduced the sales price we received,
but also led to the curtailment of operations on certain of our properties until prices improve which resulted in a decrease of our production
volumes.

General and Administrative