Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 176

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1B
Chunk 176
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 Okmin. This Annual
Report contains forward-looking statements as that term is defined in the federal securities laws. The events described in forward-looking
statements contained in this Annual Report may not occur. Generally, these statements relate to business plans or strategies, projected
or anticipated benefits or other consequences of 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

Fiscal Years ended June 30, 2025 and 2024

Revenue

We generated $22,180 in revenue from oil and gas sales
for the fiscal year ended June 30, 2025, as compared to $42,543 in revenues for the fiscal year ended June 30, 2025. The decrease in revenue
is attributable to lower oil and gas prices