Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 97

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 97
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 we buy. We may not become sufficiently familiar
with the properties to assess fully their deficiencies and capabilities. We generally do not perform inspections on every well or property,
and we may not be able to observe mechanical and environmental problems even when we conduct an inspection. The seller may not be willing
or financially able to give us contractual protection against any identified problems, and we may decide to assume environmental and other
liabilities in connection with the properties we acquire. If we acquire properties with risks or liabilities we did not know about or
that we did not assess correctly, our business, financial condition, and results of operations could be adversely affected as we settle
claims and incur cleanup costs related to these liabilities.

Improvements in or new discoveries of alternative
energy technologies could have a material adverse effect on our financial condition and results of operations.

Because our operations depend on the demand for oil
and natural gas, any improvement in or new discoveries of alternative energy technologies (such as wind, solar, geothermal, fuel cells
and biofuels) that increase the use of alternative forms of energy and reduce the demand for oil, gas and oil and gas related products
could have a material adverse impact on our business, financial condition and results of operations.

Negative public perception regarding us and/or
our industry could have an adverse effect on our operations.

Negative public perception regarding us and/or our
industry resulting from, among other things, concerns raised by advocacy groups about waste disposal, oil spills, hydraulic fracturing,
seismic activity, climate change, explosions of natural gas transmission lines and the development and operation of pipelines and other
midstream facilities may lead to increased regulatory scrutiny, which may, in turn, lead to new state and federal safety and environmental
laws, regulations, guidelines and enforcement interpretations. Additionally, environmental groups, landowners, local groups and other
advocates may oppose our operations through organized protests, attempts to block or sabotage our operations or those of our midstream
transportation providers, intervene in regulatory or administrative proceedings involving our assets or those of our midstream transportation
providers, or file lawsuits or other actions designed to prevent, disrupt or delay the development or operation of our assets and business
or those of our midstream transportation providers. These actions may cause operational delays or restrictions, increased operating costs,
additional regulatory burdens and increased risk of litigation. Moreover, governmental authorities exercise considerable discretion in
the timing and scope of permit issuance and the public may engage in the permitting process, including through intervention in the courts.
Negative public perception