OKMIN Resources Inc. filings document material events, capital-structure actions, governance matters and financial-reporting obligations for the Nevada operating company. Its 8-K disclosures have covered convertible debt converted into common shares, private placements of common stock, material agreements and shareholder voting matters. Form 12b-25 notices record delayed quarterly reports when the company could not timely compile financial statements and related disclosures. The record also identifies emerging growth company status and securities-law exemptions used for certain issuances.
Okmin Resources, Inc. (OKMN) is a small oil and gas exploration company reporting limited 2025 operations and significant liquidity and governance concerns. For the year ended June 30, 2025 the Company recorded oil and gas revenues of $22,180 with cost of revenues of $42,713, recorded impairment charges of $167,003, and reported an accumulated deficit of $2,305,685. Management states these factors raise substantial doubt about its ability to continue as a going concern and forecasts roughly $270,000 cash needs for fiscal 2026 excluding new work on wells.
The Company holds material working interests including a 72.5% net revenue interest in the Vitt lease (Kansas), a 10% overriding royalty in West Sheppard (Oklahoma), and now a 95% joint venture interest in Pushmataha (Oklahoma) following a subsequent exchange. As of September 26, 2025 there were 125,576,035 common shares outstanding and 5,000,000 Series A preferred shares; the CEO, Jonathan Herzog, owns all Series A preferred stock and thereby controls approximately 46% of voting power.
The filing discloses weak internal controls including inadequate segregation of duties and no audit committee, related-party liabilities, a secured convertible loan with principal of $131,135 and unpaid interest of $63,956, and recent private financings and conversions (including a September 2025 private placement of 1,000,000 shares for $30,000 and conversion issuance of 6,503,024 shares to settle debt).
OKMIN RESOURCES, INC. submitted a Form D for a Regulation D exempt offering under Rule 506(b). The company, a Nevada corporation formed in 2020, identifies its principal place of business in Encino, California, and classifies its industry as Oil & Gas. The offering target is $50,000 total, of which $30,000 has been sold and $20,000 remains available. The minimum investment per outside investor is $10,000. One investor has already invested. The issuer reports No Revenues and No Aggregate Net Asset Value. No sales commissions or finders' fees are reported, and no proceeds are designated for named executives, directors, or promoters. The Form D was signed by Jonathan Herzog, President and CEO.
Okmin Resources Inc. reported two September 2025 equity transactions. The company reached an agreement with the holder of its convertible debt to convert all outstanding principal and interest into common shares at a price of $0.03 per share. As of June 30, 2025, the remaining principal on the note was $131,135 and unpaid interest was $63,956, and on September 19, 2025 the company issued 6,503,024 common shares to fully settle the note. In addition, in September 2025 Okmin sold 1,000,000 common shares in a private placement at $0.03 per share, raising $30,000 for working capital and general corporate purposes. The company states that these securities were issued to accredited investors in reliance on exemptions from registration under Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D.