Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 87

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 87
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 not be adequately insured; the threat and impact of terrorist attacks, cyber-attacks or similar hostilities; declining production; and losses or costs we may incur as a result of title deficiencies or environmental issues in the properties in which we invest, any one of which may adversely impact our operations;

    ·
    changes in the legal and regulatory environment governing the oil and natural gas industry, including new or amended environmental legislation or regulatory initiatives which could result in increased costs, additional operating restrictions, or delays, or have other adverse effects on us;

    ·
    improvements in or new discoveries of alternative energy technologies that could have a material adverse effect on our financial condition and results of operations;

    ·
    the fact that our officers and directors beneficially own a majority of our common stock and that their interests may be different from other shareholders;

    ·
    our dependence on the continued involvement of our present management;

    ·
    economic downturns and possible recessions caused thereby (including as a result of COVID-19, increases in inflation or global conflicts;

    ·
    the effects of global pandemics, such as COVID-19 on our operations, properties, the market for oil and gas, and the demand for oil and gas;

    ·
    the need to write-down assets and/or shut-in wells, or our non-operated wells being shut-in by their operators;

    ·
    future litigation or governmental proceedings which could result in material adverse consequences, including judgments or settlements;

    ·
    unanticipated down-hole mechanical problems, which could result in higher-than-expected drilling and completion expenses and/or the loss of the wellbore or a portion thereof; and

    ·
    Other risks disclosed below under “Risk Factors”.

6 

Risk Factors

The following risk factors should be carefully considered in evaluating
the information in this annual report on Form 10-K.

Risks Related to the Oil and Natural Gas Industry and Our Operations

The Company has a limited operating history
and may not be successful in developing profitable business operations.

Okmin has a limited operating history since its formation
in December 2020. As of the date of this filing, we have limited assets and revenues. Our future operating results will depend on many
factors, including:

    ·
    The ability to raise or access adequate working capital;

    ·
    The success of our oil and gas exploration and development operations;

    ·
    Our ability to control our costs and produce sufficient quantities of oil and natural gas at a