Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 99

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 99
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In addition, third parties, such as neighboring landowners, may file claims alleging property damage, nuisance or personal injury arising
from our operations or from the release of hazardous substances, hydrocarbons or other waste products into the environment.

The trend in environmental regulation is to place
more restrictions and limitations on activities that may affect the environment. We monitor developments at the federal, state and local
levels to keep informed of actions pertaining to future regulatory requirements that might be imposed in order to mitigate the costs of
compliance with any such requirements. We also monitor industry groups that help formulate recommendations for addressing existing or
future regulations and that share best practices and lessons learned in relation to pollution prevention and incident investigations.

See “Environmental Laws and Regulations”
in Item 1 – Business in this Form 10-K for a discussion of the major environmental, health and safety laws and regulations that
relate to our business. We cannot reasonably predict what applicable laws, regulations or guidance may eventually be adopted with respect
to our operations or the ultimate cost to comply with such requirements.

Our ability to produce crude oil, natural gas,
and associated liquids economically and in commercial quantities could be impaired if we are unable to acquire adequate supplies of water
for our drilling operations and/or completions or are unable to dispose of or recycle the water we use at a reasonable cost and in accordance
with applicable environmental rules.

The hydraulic fracturing process on which we and others
in our industry depend to complete wells that will produce commercial quantities of crude oil, natural gas, and requires the use and disposal
or recycling of significant quantities of water. Our inability to secure sufficient amounts of water, or to dispose of, or recycle the
water used in our operations, could adversely impact our operations. Moreover, the imposition of new environmental initiatives and regulations
could include restrictions on our ability to conduct certain operations such as hydraulic fracturing or disposal of wastes, including,
but not limited to, produced water, drilling fluids, and other wastes associated with the exploration, development, or production of crude
oil, natural gas, and.

Compliance with environmental regulations and permit
requirements governing the withdrawal, storage, and use of surface water or groundwater necessary for hydraulic fracturing of wells may
increase our operating costs and cause delays, interruptions, or termination of our operations, the extent of which cannot be predicted,
all of which could have an adverse effect on our operations and financial condition.

Risks related to the Company

The Company’s auditors have expressed
a “Going Concern” opinion.