Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 113

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 113
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 the operator with
valuable data in charting the potential for the future development of this project. There is also space to drill new gas wells on the
3,840 acre leasehold, using the hydrocarbon mapping as a tool to locate the optimal drilling locations in these reservoirs. 

19 

In the fiscal year ended
June 30, 2025, lease operating expenditures were $21,506 with additional gas fees, transportation and taxes aggregating $691. The
operator believes with additional capital expenditures for reworking and recompletion efforts it can optimize the production
potential of this field. The application of newer technologies could also have an important impact on the economics for this asset.

The following table details
the Company’s net oil and gas production by project in the fiscal year ended June 30, 2025.

    Net Oil and Gas Production by Project For the fiscal year ended June 30, 2025

    Oil  
    Natural Gas  

    Project 
    Production (BBLS)  
    Avg. Cost ($)  
    Avg. Sales Price ($)  
    Production (MCF)  
    Avg. Cost ($)  
    Avg. Sales Price ($)  
    Total Revenue  ($) 

    Black Rock JV 
     328  
     56  
     61.83  
     —    
     0  
     —    
     20,294 

    Pushmataha 
     —    
     —    
     —    
     811  
     24  
     1.89  
     1,532 

    West Sheppard 
     —    
     —    
     —    
     —    
     —    
     —    
     —   

    Vitt Lease 
     5.44  
     55  
     65.17  
     —    
     —    
     —    
     354 

The acreage of each of our projects as of June 30,
2025 is included in the following table.

    Total

Acreage

     Developed

Acreage

     Undeveloped

Acreage

    Gross 
     Net 
     Gross 
     Net 
     Gross 
     Net 

    Black Rock