Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 36

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 36
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9.4 
     —   
     —   
     —   
     —   

    Total
     82 
     44.9 
     6 
     3 
     6 
     3 

20 

To date, Okmin has focused on reworking currently
producing wells and upgrading the infrastructure on its projects. The Company believes that with additional capital commitments there
is considerable potential to increase production on each of the projects. Each of the projects has largely been without any notable work
or investment expenditures in a number of years, and existing well spacing on most of the projects is considerably less than currently
allowed which would permit infill drilling into much of the acreage classified as developed. In addition to the current activities on
existing wells, the Company and its consultants have evaluated a number of potential work programs to increase production. These include:

    ·
    Recompletion of wells into additional known hydrocarbon zones;

    ·
    Deepening wells;

    ·
    Stimulating reservoirs utilizing modern techniques;

    ·
    Infill drilling within the current permittable spacing;

    ·
    New drilling on undeveloped portions of the leases.

In the absence of a new funding
partner or other circumstances changing, with the current industry environment and capital constraints, the Company anticipates minimal
expenditures in connection with existing project areas. If we do not succeed in raising additional capital, our resources may not be sufficient
to fund our ongoing operations and will have a significant negative effect on our operations and financial condition.

ITEM 3. LEGAL
PROCEEDINGS.

We are not currently involved in any litigation that
we believe could have a material adverse effect on our financial condition or results of operations.

ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.

PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY,
RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

Market Information

Beginning in September 2022, our common stock was
approved for trading on the OTCQB Tier of OTC Markets under the stock symbol “OKMN”. Any OTC Markets quotations reflect inter-dealer
prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.

The following table sets forth the range of high and
low trading prices of the Company’s Common Stock during the periods indicated.

    Fiscal