Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 12

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 12
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 have in the past, and will continue in the future to, adversely affect our business, financial
condition or results of operations, and our ability to meet our capital expenditure obligations or targets and financial commitments.

The price of oil and natural gas heavily influences
our revenue, profitability, cash flows, liquidity, access to capital, present value and quality of our reserves, the nature and scale
of our operations, and our future rate of growth. Oil and natural gas are commodities and, therefore, their prices are subject to wide
fluctuations in response to relatively minor changes in supply and demand. In recent years, the markets for oil and natural gas have been
volatile. These markets will likely continue to be volatile in the future. Further, oil prices and natural gas prices do not necessarily
fluctuate in direct relation to each other. The price of crude oil has experienced significant volatility over recent years, with the
price of a barrel of oil dropping below $20 during the early part of 2020, due in part to reduced global demand stemming from the recent
global COVID-19 outbreak, and most recently surging over $125 a barrel in early March 2022 following Russia’s invasion of Ukraine,
before more recently trading around $60-$70 a barrel. Natural gas prices have recently traded between $2.35 and $4.50 per mcf. A prolonged
period of low market prices for oil and natural gas, or further declines in the market prices for oil and natural gas, will likely result
in capital expenditures being further curtailed and will adversely affect our business, financial condition and liquidity. Additionally,
lower oil and natural gas prices have, and may in the future, cause, a decline in our stock price.

As described above, oil and natural gas are commodities
and, therefore, their prices are subject to wide fluctuations in response to relatively minor changes in supply and demand. Historically,
the commodities market has been volatile. An extended period of continued lower oil prices, or additional price declines, will have further
adverse effects on us. The prices we receive for any future production and the prices received from operators of our non-operated production,
and the levels of such production, will continue to depend on numerous factors, including the following:

    ·
    the domestic and foreign supply of oil and natural gas;

    ·
    the domestic and foreign demand for oil and natural gas;

    ·
    the prices and availability of competitors’ supplies of oil and natural gas;

    ·