Okmin Resources Inc. Stock Analysis OKMN

Okmin Resources, Inc. is a development stage company, which engages in the acquisition, exploration, and development of mineral rights and natural resource properties. The company is headquartered in Encino, California. The company went IPO on 2022-08-30. The firm is focused on the acquisition and development of domestic oil and gas fields. The firm's projects are located in Oklahoma and Kansas. The company has an interest in four separate projects: The Blackrock Joint Venture encompassing over15 oil and gas leases in Oklahoma; the Vitt oil lease located in Neosho County, Kansas; a 10% overriding royalty interest in West Sheppard Pool, a natural gas project in North East Oklahoma, and a 95% joint venture interest in Pushmataha, a natural gas project in Southeast Oklahoma. The Pushmataha Gas Field consists of over six leases covering approximately 3,840 acres in Pushmataha County, Oklahoma. The Vitt oil lease project includes over 11 oil and gas wells and four water injection wells and covers approximately 160 acres. The Blackrock Joint Venture covers 15 leases on over 1,500 acres.