Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 6

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 6
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 all intrastate natural gas shippers within the state on a comparable basis, we believe that the regulation
of similarly situated intrastate natural gas transportation in any states in which we operate and ship natural gas on an intrastate basis
will not affect our operations in any way that is of material difference from those of our competitors. Like the regulation of interstate
transportation rates, the regulation of intrastate transportation rates affects the marketing of natural gas that we produce, as well
as the revenues we receive for sales of our natural gas.

Marketing, Major Customers and Delivery Commitments

Markets for oil and natural gas are volatile and are
subject to wide fluctuations depending on numerous factors beyond our control, including seasonality, economic conditions, foreign imports,
political conditions in other energy producing countries, OPEC market actions, and domestic government regulations and policies. All of
our production is marketed by our industry partners for our benefit and is sold to competing buyers, including large oil refining companies
and independent marketers. Substantially all of our production is sold pursuant to agreements with pricing based on prevailing commodity
prices and the volume of product delivered, subject to adjustment for regional differentials and similar factors. We had no material delivery
commitments as of June 30, 2025.

Competition

The oil and natural gas business is highly competitive
in the search for and acquisition of additional reserves and in the sale of oil and natural gas. Our competitors principally consist of
major and intermediate-sized integrated oil and natural gas companies, independent oil and natural gas companies and individual producers
and operators. Specifically, we compete for property acquisitions and our operating partners compete for the equipment and labor required
to operate and develop our properties. Our competitors may be able to pay more for properties and may be able to define, evaluate, bid
for and purchase a greater number of properties than we can. Ultimately, our future success will depend on our ability to develop or acquire
additional reserves at costs that allow us to remain competitive.

4 

Human Capital
Resources

We believe that our success
depends upon our ability to attract, develop and retain key personnel. The Company currently employs its President/CEO and part-time administrative
staff. We otherwise rely on the services of independent contractors.

Our Offices

Our principal executive office is located at 16501
Ventura Blvd., Suite 400, Encino CA, 91436.

Our Website

www.okminresources.com

Legal Proceedings

We are not currently a party to any material legal