Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 92

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 92
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 previously experienced with the COVID-19 pandemic;

    ·
    weather conditions and natural disasters;

    ·
    political conditions in or affecting oil, and natural gas producing regions, including South America and the recent conflicts in Ukraine and the Middle East;

    ·
    the continued threat of terrorism and the impact of military action and civil unrest;

    ·
    public pressure on, and legislative and regulatory interest within, federal, state, and local governments to stop, significantly limit, or regulate oil and gas exploration and production activities;

    ·
    the level of global oil and natural gas inventories and exploration and production activity;

    ·
    authorization of exports from the United States of liquefied natural gas;

    ·
    the impact of energy conservation efforts;

    ·
    technological advances affecting energy consumption; and

    ·
    overall worldwide economic conditions.

Declines in oil or natural gas prices will reduce
not only our revenue but also the amount of oil and natural gas that we, and the operators of our properties, can produce economically.
Should oil or natural gas prices decline in the future, the wells in which we have an interest may be forced to be shut-in, and exploration
and development plans for prospects and exploration or development activities may need to be postponed or abandoned. Declines in the prices
we receive for our oil and natural gas can also adversely affect our ability to finance capital expenditures, make acquisitions, raise
capital and satisfy our financial obligations. In addition, declines in prices can reduce the amount of oil and natural gas that we can
produce economically and the estimated future cash flow from that production, each of which would have a material negative effect on our
business, financial condition, and results of operations.

We are not the operator of any of our properties
in which we have an interest, and therefore have limited control over activities on our properties, including the timing of exploration
or development efforts, associated costs, or the rate of production of these non-operated assets.

We are not the operator of our properties, and, as
a result, our ability to exercise influence over the operations of these properties or their associated costs is limited. Our dependence
on the operators and other working interest owners of these projects and our limited ability to influence operations and associated costs
or control the risks could materially and adversely affect the realization of our targeted returns on capital in operating or acquisition
activities. The success and timing of our development activities on properties operated by others therefore depends upon a number of factors,
including