Okmin assigns its 50% working interest in West Sheppard Pool for contingent royalty interest

OKMIN RESOURCES, INC.

Company assigned 50% working interest to Sheppard Pool Operating, LLC; will receive 10% ORRI after operator receives $22,850 in revenue.
Operator can reduce ORRI to 5% via one-time $100,000 payment to Okmin within 4 years of effective date.
West Sheppard Pool currently has no production; pipeline compressor failure and infrastructure repairs needed.
CEO says deal keeps Okmin involved in upside without financial commitments, encouraging unified field development.

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