Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 258

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1C
Chunk 258
---
(36,793) 
     (126,035)

    Cash Flows From Investing Activities 

    Investment in oil and gas properties 
    $—    
    $—   

    Net cash from investing activities 
     —    
     —   

    Cash Flows From Financing Activities 

    Repayments of Note Payable 
     (24,000) 
     (16,000)

    Net cash used in financing activities 
     (24,000) 
     (16,000)

    Net change in cash 
     (60,793) 
     (142,035)
  
    Cash - beginning of period 
     72,281  
     214,316 
  
    Cash - end of period 
    $11,488  
    $72,281 

The accompanying notes are an integral part of these
consolidated financial statements.

F-6 

OKMIN RESOURCES INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2025

1.        ORGANIZATION AND NATURE OF OPERATIONS

Business description

Okmin Resources, Inc. (collectively with its subsidiaries,
“Okmin” or the “Company”) was incorporated in Nevada in December 2020 to engage in the business of the acquisition,
exploration and development of oil and gas properties, mineral rights, and other natural resource assets.

Okmin has been focused on the acquisition and development
of domestic oil and gas fields and investing in lower profile rework and recompletion opportunities with lower entry costs. The Company's
initial projects are located in Oklahoma and Kansas. 

The Company has two wholly owned subsidiaries that
conduct oil and gas activities: Okmin Operations, LLC, organized on May 25, 2021 in the State of Kansas, and Okmin Energy LLC, organized
on November 21, 2021 in the State of Oklahoma.

The Company has an interest in three separate projects:

    1)
    A 72.5% Net Revenue Interest in the Vitt oil lease located in Neosho County, Kansas

    2)
    A 10% overriding royalty interest in West Sheppard Pool, a natural gas project in Northeast Oklahoma

    3)
    A 95% Joint Venture interest in Pushmataha, a natural gas project in