Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 93

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 93
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:

    ·
    the nature and timing of the operator’s operations, including drilling and other activities;

    ·
    the timing and amount of required capital expenditures;

    ·
    the operator’s geological and engineering expertise and financial resources;

    ·
    the approval of other participants in operational decisions; and

    ·
    the operator’s selection of suitable technology.

The fact that our industry partners serve as operator
makes it more difficult for us to predict future production, cash flows and liquidity needs. Our ability to grow our production often
depends on decisions by our partners.

9 

 The
development of oil and natural gas properties involves substantial risks that may result in a total loss of investment.

The business of exploring for, working over and developing
natural gas and oil properties involves a high degree of business and financial risk, and thus a significant risk of loss of initial investment
that even a combination of experience, knowledge and careful evaluation may not be able to overcome. The cost and timing of drilling,
workover completing and operating wells is often uncertain. Factors which can delay or prevent drilling or production, or otherwise impact
expected results, include but are not limited to:

    ·
    unexpected drilling conditions;

    ·
    inability to obtain required permits from governmental authorities;

    ·
    inability to obtain, or limitations on, easements from landowners;

    ·
    uncertainty regarding our operating partners’ drilling schedules;

    ·
    high pressure or irregularities in geologic formations;

    ·
    equipment failures;

    ·
    title problems;

    ·
    fires, explosions, blowouts, cratering, pollution, spills and other environmental risks or accidents;

    ·
    changes in government regulations and issuance of local drilling restrictions or moratoria;

    ·
    adverse weather;

    ·
    reductions in commodity prices;

    ·
    pipeline ruptures; and

    ·
    unavailability or high cost of equipment, field services and labor.

A productive well may become uneconomic in the event
unusual quantities of water or other non-commercial substances are encountered in the well bore that impair or prevent production. We
may participate in wells that are or become unproductive or, though productive, do not produce in economic quantities. In addition, even
commercial wells can produce less, or have higher costs, than we projected.

In addition, initial 24-hour or other limited-duration
production rates announced regarding our oil and natural gas properties are not necessarily indicative of future production rates