Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 30

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 30
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 time as the board of directors may consider relevant.
If we do not pay dividends, our common stock may be less valuable because a return on your investment will only occur if its stock price
appreciates.

17 

ITEM 1B. UNRESOLVED STAFF COMMENTS.

None.

ITEM 1C. CYBERSECURITY

Risk
Management and strategy

The Company currently manages its cybersecurity risk
through a variety of practices that are applicable to all users of our information technology and information assets, including our officers
and directors, contractors, and vendors. The Company uses a combination of technology and monitoring to promote security awareness and
prevent security incidents, including network and passwords protocols, third party firewalls, and antivirus protections.

We have not experienced any material cybersecurity
incidents or identified any material cybersecurity threats that have affected or are reasonably likely to materially affect us, our business
strategy, results of operations or financial condition.

ITEM 2. PROPERTIES.

Okmin’s principal office is located at 16501
Ventura Blvd., Suite 400, Encino, CA, 91436.  The Company has a month-to-month lease arrangement for our corporate offices at a cost
of approximately $150 - $200 per month, with meeting space available to it on demand on a pay per use basis. Outside of this, the Company
also utilizes office space provided to it by associates at no charge. These arrangements are adequate for the Company’s current
needs.

At this time, Okmin does not anticipate purchasing
any real estate, nor does it anticipate purchasing any real property for its office.

Oil and Gas Properties

The Company’s lease holdings are all within
the Cherokee Platform, a geological feature underlying an area of northeastern Oklahoma and southeastern Kansas in the mid-continent region
of the United States. The Cherokee Platform has been an established oil producing region for the last century.

Oklahoma – Blackrock Joint Venture 

In February 2021, Okmin entered into a Joint Venture
Agreement and Operating Agreement committing $100,000 in the initial phase to acquire working interests in ten oil and gas leases located
in Okmulgee and Muskogee Counties in Oklahoma. Under the Operating Agreement, Okmin’s Joint Venture partner, Blackrock Energy
LLC (“Blackrock”) was the Operator of the project, handling the day-to-day operations on the ground. Pursuant to a further
agreement entered into on June 10, 2022, the Company added an additional five oil