OKMN 8-K
Okmin Resources, Inc. (OKMN)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current
Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area
code (
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events
On June 10, 2022, the Company’s wholly owned subsidiary, Okmin Energy LLC, entered into a joint venture agreement to acquire a 50% working interest in five oil and gas leas located in Okmulgee County, an area where the Company has existing operations.
The leases are being acquired together with Blackrock Energy LLC (“Blackrock”), who will be the operating partner on the project. The project is situated across approximately 739 acres.
Item 9.01 Exhibits
As described in Item 8.01 of this Current Report on Form 8-K, the following Exhibit is filed as Exhibit 99.1 to this Current Report on Form 8-K.
| Exhibit No. | Description | |
| 99.1 | News release dated June 10, 2022 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
| OKMIN RESOURCES INC. | ||||||
| Date: June 10, 2022 | By: |
/s/ Jonathan Herzog | ||||
| Name: | Jonathan Herzog | |||||
| Title: | Chief Executive Officer/CFO/Director | |||||
Exhibit 99.1
Press Release -
Okmin Resources, Inc. acquires
additional leases in Oklahoma
Oklahoma City, OK – June 10, 2022 – Okmin Resources, Inc. ("Okmin or the "Company") is pleased to announce that its wholly owned subsidiary, Okmin Energy LLC, has entered into a joint venture agreement to acquire a 50% working interest in five oil and gas leases located in Okmulgee County, an area where the Company has existing operations.
The leases are being acquired together with Blackrock Energy LLC (“Blackrock”), pursuant a strategic alliance reached with Blackrock in February 2021, under which the Company and Blackrock jointly pursue new opportunities together. Under the terms of the Joint Venture agreement Blackrock will be the operating partner on the project.
The project is situated across approximately 739 acres, includes 14 existing oil and gas wells and a salt water disposal well. Eight of the fourteen wells require reworking and rehabilitation, which Blackrock intends to undertake over the coming months.
Okmin’s President and CEO, Jonathan Herzog said “these additional leases complement our existing Joint Venture with Blackrock. They are located in the same county and geological setting as other leases currently being reworked by the Company. Consolidating leases, accumulating further acreage and adding additional potential production to these older fields, furthers our goal of developing a meaningful footprint in this historic region of the Oklahoma oil and gas fields.”
About Okmin Resources Inc.
Okmin Resources, Inc., is a natural resource exploration stage company that seeks to acquire, explore, and develop natural resource assets. Okmin has recently been focused on the acquisition and development of domestic oil and gas fields. The Company's projects are located in Oklahoma and Kansas. The Company’s lease holdings are all within the Cherokee Platform, a geological feature covering 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.
Further information is available at Okmin’s website at www.okminresources.com
Okmin Resources Investor & Media Contacts:
Jonathan Herzog – President and Chief Executive Officer
Tel: +1 (818) 201-3727
Jessica Abaian – Manager, Investor Relations
Tel: +1 (818) 201-3727