Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 88

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 88
---
 profit; 

    ·
    The prices of oil and natural gas; and

    ·
    Our ability to attract and retain key management.  

Despite our best efforts, we may not be successful
in our efforts to develop profitable business operations.

The oil and gas industry is highly competitive
and there is no assurance that the Company will be successful.

The oil and natural gas exploration and production
industry is intensely competitive, and the Company competes with other companies that have greater resources. Many of these companies
not only explore for and produce oil and gas but also market oil and gas and other products on a regional, national or worldwide basis.
These companies will be able to pay more for productive energy properties and exploratory prospects or define, evaluate, bid for and purchase
a greater number of properties and prospects than Okmin’s financial or human resources permit. In addition, these companies will
have a greater ability to continue exploration activities during periods of low commodity market prices. The Company’s larger competitors
may be able to absorb the burden of present and future foreign, federal, state, local and other laws and regulations more easily than
Okmin can, which would adversely affect its competitive position. The Company’s ability to acquire additional properties and to
discover productive prospects in the future will be dependent upon its ability to evaluate and select suitable properties and to consummate
transactions in a highly competitive environment. In addition, because Okmin has fewer financial and human resources than many companies
in its industry, the Company may be at a disadvantage in bidding for exploratory prospects and producing properties.

The Company has limited interests in oil and
gas leases and cannot guarantee that it will identify or acquire any additional viable leases or mineral property assets or interests.

Okmin presently only has partial interests in projects
and leases with limited activity. The Company is currently seeking to identify other strategic opportunities and leases or mineral properties
to acquire but the Company cannot guarantee it will find any valuable leases or mineral properties. Even if the Company enters into additional
joint ventures or acquires additional interests in leases or other mineral properties on land being developed by a mining company, the
Company cannot guarantee that it will be able to capitalize on the increased value of its leasehold.

If the Company cannot acquire any viable leases, mineral
property assets or mineral property interests, or cannot find any oil and gas or minerals on such leases or mineral properties, or it
is not economical to recover the oil and gas or minerals from those properties, the Company may have to curtail or