Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 98

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 98
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 could cause the permits we require to conduct our operations to be withheld, delayed or burdened by requirements
that restrict our ability to profitably conduct our business.

Recently, activists concerned about the potential
effects of climate change have directed their attention towards sources of funding for fossil-fuel energy companies, which has resulted
in certain financial institutions, funds and other sources of capital restricting or eliminating their investment in energy-related activities.
Ultimately, this could make it more difficult to secure funding for exploration and production activities.

Risks Related to Governmental Regulations

Oil and natural gas operations are subject to
environmental, legislative and regulatory initiatives that can materially adversely affect the timing and cost of operations and the demand
for crude oil and natural gas.

Our operations are subject to stringent and complex
federal, state and local laws and regulations relating to the protection of human health and safety, the environment and natural resources.
These laws and regulations can restrict or impact our business activities in many ways including, but not limited to the following:

    ·
    requiring the installation of pollution-control equipment or otherwise restricting the handling or disposal of wastes and other substances associated with operations;

    ·
    limiting or prohibiting construction activities in sensitive areas, such as wetlands, coastal regions or areas that contain endangered or threatened species and/or species of special statewide concern or their habitats;

    ·
    requiring investigatory and remedial actions to address pollution caused by our operations or attributable to former operations;

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    ·
    requiring noise, lighting, visual impact, odor and/or dust mitigation, setbacks, landscaping, fencing, and other measures;

    ·
    restricting access to certain equipment or areas to a limited set of employees or contractors who have proper certification or permits to conduct work (e.g., confined space entry and process safety maintenance requirements); and

    ·
    restricting or even prohibiting water use based upon availability, impacts or other factors.

Failure to comply with these laws and regulations
may trigger a variety of administrative, civil and criminal enforcement measures, including the assessment of monetary penalties, the
imposition of remedial or restoration obligations, and the issuance of orders enjoining future operations or imposing additional compliance
requirements. Certain environmental statutes impose strict, joint and several liability for costs required to clean up and restore sites
where hazardous substances, hydrocarbons or wastes have been disposed or otherwise released. Moreover, local restrictions, such as state
or local moratoria, city ordinances, zoning laws and traffic regulations, may restrict or prohibit the execution of operational plans.