Yuma Energy Inc. was notified by the NYSE American that the Company is not in compliance with one of the Exchange's continued listing standards as set forth in Part 10 of the NYSE American Company Guide . Specifically, Yuma is not in compliance with Section 1003 of the Company Guide in that it reported shareholders' equity of $2.4 million on June 30, 2019, which is below the minimum standard of $4 million, and reported [...]
2019 Second Quarter Financial Report Filed with the SEC Yuma Energy Inc. today provided an operational and corporate update and reported its 2019 second quarter financial results. During the second quarter, the Company has taken significant steps to arrest the recent declines of our daily production. Specifically, we successfully installed a new jet pump on the Nettles 39-1 well, resulting in approximately 40 barrels a [...]
Yuma Energy Inc. today announced that its Board of Directors has approved a one-for-fifteen reverse stock split of its issued and outstanding shares of common stock. The reverse split will be effective at 12:01 a.m. Eastern Time on July 3, 2019, and shares of the Company's common stock will begin trading on a split-adjusted basis when the NYSE American market opens on that date. The Company's common stock will continue [...]
Yuma Energy Inc. today announced that on June 17, 2019, Yuma was notified by the NYSE American LLC that the Company is not in compliance with one of the Exchange's continued listing standards as set forth in Part 10 of the NYSE American Company Guide . Specifically, Yuma is not in compliance with Section 1003 of the Company Guide in that it has reported a stockholders' equity of less than $6 million as of March 31, 2019 [...]
Yuma Energy Inc. announced today that on May 20, 2019, it filed its quarterly report on Form 10-Q for the three months ended March 31, 2019 with the Securities and Exchange Commission . Investors and stockholders may obtain our Form 10-Q, Form 10-K and other documents filed with the SEC free of charge at the SEC's website, www.sec.gov. In addition, copies of our filings are available on our website at [...]
Yuma Energy Inc. announces that management is unaware of any material change in the Company's operations that would account for the recent increase in market activity. On April 22, 2019, Sam L. Banks resigned from his position as a member of the Board of Directors of the Company. About Yuma Energy, Inc. Yuma Energy Inc., a Delaware corporation, is an independent Houston-based exploration and production company focused on [...]
Yuma Energy Inc. announced today that on April 2, 2019, it filed its annual report on Form 10-K for the year ended December 31, 2018, with the Securities and Exchange Commission . Investors and stockholders may obtain our Form 10-K and other documents filed with the SEC free of charge at the SEC's website, www.sec.gov. In addition, a copy of our Form 10-K is available on our website at www.yumaenergyinc.com Recent [...]
Yuma Energy Inc. today announced that on January 4, 2019, it received a deficiency letter from the NYSE American LLC stock exchange indicating that pursuant to Section 1003 of the NYSE American Company Guide, the Company's common stock has been selling for a low price per share for a substantial period of time. Accordingly, the Letter states that the Company must demonstrate an improved share price improvement or effect [...]
Yuma Energy Inc. today announced that it has retained Seaport Global Securities LLC, an investment banking firm, to advise the Company on its strategic and tactical alternatives, including possible mergers, acquisitions and divestitures. The Company also reported on its liquidity as well as its financial results for the quarter ended September 30, 2018. Liquidity As previously reported, the Company initiated several [...]
Yuma Energy Inc. today provided information related to its liquidity and operations. The Company also reported its financial results for the quarter ended June 30, 2018. Liquidity As previously reported, the Company initiated several strategic alternatives to remedy its limited liquidity , its financial covenant compliance issues, and to provide it with additional working capital to develop its existing assets. During [...]
HOUSTON, May 11, 2018 /PRNewswire/ -- Yuma Energy Inc. today announced that it is actively seeking strategic alternatives and provided information related to its liquidity and operations. The Company also reported its financial results for the quarter ended March 31, 2018. Strategic Alternatives Yuma is currently exploring strategic alternatives in order to enhance and maximize shareholder value. These strategic [...]
HOUSTON, April 2, 2018 /PRNewswire/ -- Yuma Energy Inc. today announced its financial results for the year ended December 31, 2017. Year End 2017 Highlights Yuma spud its first San Andres horizontal well in December 2017 and completed it during the first quarter of 2018. All of the associated facilities have been installed and the well is currently in the early stages of production, recovering frac fluids and dewatering [...]