Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 90

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 90
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 we do not drill productive and profitable wells in the future, it will have a material adverse impact on the Company’s business
operations and financial condition.

The Company has limited capital and will need
to raise additional capital in the future.

We do not currently have the capital necessary to
fund both our continuing operations and our planned growth.  We will require additional capital to continue to grow our business
through the operation, maintenance and further development of our existing ventures and through the acquisition of additional properties.
We estimate that the Company will need to raise additional capital to fulfil its business plan including reworking and enhancing existing
projects, acquiring further oil and gas interests, or to acquire mineral exploration properties. Obtaining additional financing would
be subject to a number of factors, including the market prices for acquiring resource properties, investor acceptance of the Company’s
interests, and investor sentiment. These factors may make the timing, amount, terms or conditions of additional financing unavailable
to the Company. The most likely source of future funds presently available to the Company is through sale of equity capital. Any sale
of share capital will result in dilution to existing stockholders. The terms of securities we issue in future capital transactions may
be more favorable to our new investors, and may include preferences, superior voting rights and the issuance of other derivative securities,
and issuances of incentive awards under equity employee incentive plans, which may have a further dilutive effect.

If we do not succeed in raising additional capital,
our resources may not be sufficient to fund our planned operations and will have a significant negative effect on our operations and financial
condition.

Oil and natural gas prices are volatile and
declines in the prices of such commodities have in the past, and will continue in the future to, adversely affect our business, financial
condition or results of operations, and our ability to meet our capital expenditure obligations or targets and financial commitments.

The price of oil and natural gas heavily influences
our revenue, profitability, cash flows, liquidity, access to capital, present value and quality of our reserves, the nature and scale
of our operations, and our future rate of growth. Oil and natural gas are commodities and, therefore, their prices are subject to wide
fluctuations in response to relatively minor changes in supply and demand. In recent years, the markets for oil and natural gas have been
volatile. These markets will likely continue to be volatile in the future. Further, oil prices and natural gas prices do not necessarily
fluctuate in direct relation to each other