Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 114

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 114
---
 JV 
    1,529 
     764.5 
     1,529 
     764.5 
     —   
     —   

    Pushmataha 
    3,840 
     1,920 
     3,840 
     1,920 
     —   
     —   

    West Sheppard 
    0 
     0 
     0 
     0 
     0 
     0 

    Vitt Lease 
    160 
     137 
     40 
     34.25 
     120 
     102.75 

    Total 
    5,529 
     2,821.5 
     5,409 
     2,718.75 
     120 
     102.75 

The following table details
the current classification of all existing wells on each of our projects as of June 30, 2025.

     Total Wells

(producing and idle)

     Producing Oil

Wells

     Producing Natural 

Gas Wells

     Gross 
     Net 
     Gross 
     Net 
     Gross 
     Net 

    Black Rock JV
     38 
     19 
     6 
     3 
     —   
     —   

    Pushmataha
     7 
     3.5 
     —   
     —   
     6 
     3 

    Vitt Lease
     11 
     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