Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 95

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 95
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ages of equipment. Higher oil and natural gas prices generally stimulate increased demand for equipment and services and subsequently
often result in increased prices for drilling rigs, crews and associated supplies, oilfield equipment and services, and personnel in exploration,
production and midstream operations. These types of shortages and subsequent price increases could significantly decrease our profit margin,
cash flow and operating results and/or restrict or delay our ability to drill those wells and conduct those activities that we currently
have planned and budgeted, causing us to miss our forecasts and projections.

Competition may limit our opportunities in the
oil and natural gas business.

The oil and natural gas business is very competitive.
We compete with many public and private exploration and development companies in finding investment opportunities. We also compete with
oil and natural gas operators in acquiring acreage positions. Our principal competitors are small to mid-size companies with in-house
petroleum exploration and drilling expertise. Many of our competitors possess and employ financial, technical and personnel resources
substantially greater than ours. They also may be willing and able to pay more for oil and natural gas properties than our financial resources
permit, and may be able to define, evaluate, bid for and purchase a greater number of properties. In addition, there is substantial competition
in the oil and natural gas industry for investment capital, and we may not be able to compete successfully in raising additional capital
if needed.

The Company’s properties are concentrated
in one geographic area.

Three of the Company’s projects are located
in Oklahoma and one in Kansas. Since our properties are contained in a limited area, a number of our properties could experience the same
adverse conditions at the same time, resulting in a relatively greater impact on our operations than if we had a more diversified portfolio
of properties. Such conditions could have a negative material effect on our business and financial condition.

If our access to oil and natural gas markets
is restricted, it could negatively impact our production and revenues. 

Market conditions or limited availability of satisfactory
oil and natural gas transportation arrangements may hinder our access to oil and natural gas markets or delay our production. The availability
of a ready market for our oil and natural gas production depends on a number of factors, including the demand for and supply of oil and
natural gas and the proximity of our production to pipelines and other midstream facilities. The ability to market our production depends
in substantial part on the availability and capacity of gathering systems, pipelines, rail transportation and processing facilities owned
and operated by third parties. In order to secure