Okmin exchanges Blackrock JV for $25K cash, boosts Pushmataha gas field stake to 95%

OKMIN RESOURCES, INC.

Exits 50% working interest in Blackrock JV (15 leases in Okmulgee/Muskogee Cos., OK) for $25K cash.
Gains additional 45% interest in Pushmataha Gas Field, raising ownership from 50% to 95%.
Pushmataha comprises six leases (~3,840 acres) with seven existing gas wells 10,000-12,300 ft deep.
Company cites Blackrock infrastructure issues, stagnant oil prices, operating costs as divestiture reasons.
CEO says transaction positions Okmin to capitalize on greater-potential asset with rework/drilling opportunities.

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