Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 18

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 18
---
 laws could
eliminate or postpone certain tax deductions that are currently available with respect to oil and natural gas exploration and development,
and any such change could increase our tax liability and negatively impact our results of operations and financial condition.

We may purchase interests in oil and natural
gas properties with liabilities or risks that we did not know about or that we did not assess correctly, and, as a result, we could be
subject to liabilities that could adversely affect our results of operations.

Before acquiring oil and natural gas properties, we
estimate the reserves, future oil and natural gas prices, operating costs, potential environmental liabilities, and other factors relating
to the properties. However, our review involves many assumptions and estimates, and their accuracy is inherently uncertain. As a result,
we may not discover all existing or potential problems associated with the property interests we buy. We may not become sufficiently familiar
with the properties to assess fully their deficiencies and capabilities. We generally do not perform inspections on every well or property,
and we may not be able to observe mechanical and environmental problems even when we conduct an inspection. The seller may not be willing
or financially able to give us contractual protection against any identified problems, and we may decide to assume environmental and other
liabilities in connection with the properties we acquire. If we acquire properties with risks or liabilities we did not know about or
that we did not assess correctly, our business, financial condition, and results of operations could be adversely affected as we settle
claims and incur cleanup costs related to these liabilities.

Improvements in or new discoveries of alternative
energy technologies could have a material adverse effect on our financial condition and results of operations.

Because our operations depend on the demand for oil
and natural gas, any improvement in or new discoveries of alternative energy technologies (such as wind, solar, geothermal, fuel cells
and biofuels) that increase the use of alternative forms of energy and reduce the demand for oil, gas and oil and gas related products
could have a material adverse impact on our business, financial condition and results of operations.

Negative public perception regarding us and/or
our industry could have an adverse effect on our operations.

Negative public perception regarding us and/or our
industry resulting from, among other things, concerns raised by advocacy groups about waste disposal, oil spills, hydraulic fracturing,
seismic activity, climate change, explosions of natural gas transmission lines and the development and operation of pipelines and other
midstream facilities may lead to increased regulatory scrutiny, which may, in turn, lead