Yuma Energy plans public stock offering to expand San Andres operations

Yuma Energy Inc. (NYSE American: YUMA) has commenced an underwritten public offering of its common stock. All of the shares are being offered by Yuma. In addition, Yuma expects to grant the underwriters a 30-day option to purchase additional shares of its common stock at the public offering price, less underwriting discounts and commissions, to cover over-allotments, if any. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Yuma intends to use the net proceeds from the offering to expand its horizontal San Andres play located in Yoakum County, Texas. Specifically, these funds will provide for additional leasehold acquisitions in the Permian Basin, the drilling of a San Andres horizontal well along with a Devonian salt water disposal well and other field infrastructure, and for general working capital purposes.

Northland Capital Markets and Euro Pacific Capital are acting as joint book-running managers for the proposed offering.

A registration statement on Form S-1, including a prospectus, relating to the proposed offering has been filed with the US Securities and Exchange Commission (the SEC), but has not yet become effective.

Yuma Energy Inc. is an independent Houston-based exploration and production company focused on acquiring, developing and exploring for conventional and unconventional oil and natural gas resources.  Historically, Yuma's operations have focused on onshore properties located in central and southern Louisiana and southeastern Texas. More recently, Yuma has begun acquiring acreage in Yoakum County, Texas, with plans to explore and develop oil and natural gas assets in the Permian Basin. Finally, Yuma has operated positions in Kern County, California, and non-operated positions in the East Texas Woodbine and the Bakken Shale in North Dakota. 



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