November 15 in Houston

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

November 15 in Houston

Post by dan_s »

Yuma Energy (YUMA) has agreed to host our next EPG luncheon at The Hess Club on Tuesday, November 15. Please go to our website to register if you plan to attend and please invite a friend to join you.

On October 26th, Yuma announced an all-stock merger with Davis Petroleum Acquisition Corp. Davis is becoming a wholly-owned subsidiary of Yuma. The combined company will be led by Sam L. Banks, Yuma's President and Chief Executive Officer. Frank Lodzinski, Chairman & CEO of Earthstone Energy (ESTE) has been added to Yuma’s board.

Yuma's President and Chief Executive Officer, Sam L. Banks, said, "We are pleased to have completed the Davis merger and are excited about the future of the combined companies. The combination creates a company with significantly improved cash flows and production with a multiyear inventory of growth opportunities. Our experience in the oil and gas business, combined with our Board of Directors' knowledge, positions us to achieve significant growth in stockholder value."


The October, 2016 slide presentation on the YUMA website ( http://www.yumaenergyinc.com/ ) gives an overview of the combined company.
Dan Steffens
Energy Prospectus Group
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