ORGANIZATION AND BUSINESS

3 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

ORGANIZATION AND BUSINESS

1. ORGANIZATION AND BUSINESS

Okmin Resources, Inc. (collectively with its subsidiaries, “Okmin” or the “Company”) was incorporated in Nevada in December 2020 to engage in the business of the acquisition, exploration and development of oil and gas properties, mineral rights and other natural resource assets.

As a development stage company, Okmin has been focused on the acquisition and development of domestic oil and gas fields, investing in lower profile rework and recompletion opportunities with lower entry costs. The company's initial projects are located in Oklahoma and Kansas. 

The Company has two wholly owned subsidiaries that conduct oil and gas activities, Okmin Operations, LLC organized on May 25^{, 2021 in the State of Kansas and Okmin Energy LLC, organized on November 21, 2021 in the State of Oklahoma.}

The Company has an interest in four separate projects:

1)	The Blackrock Joint Venture encompassing 15 oil and gas leases in Oklahoma
2)	A 72.5% Net Revenue Interest in the Vitt oil lease located in Neosho County, Kansas
3)	A 50% Joint Venture interest in West Sheppard Pool, a natural gas project in North East Oklahoma
4)	A 50% Joint Venture interest in Pushmataha, a natural gas project in South East Oklahoma.

The Company has not conducted any reserve evaluations or calculations, and there are currently no proven reserves on any of the Company’s properties.

The Company’s activities are subject to significant risks and uncertainties, including failing to secure additional funding to advance the Company’s current plan to rework and possibly develop its existing projects and to identify and acquire new projects.

The Company’s fiscal year end is June 30.