Yuma Energy, Inc. and Davis Petroleum Acquisition Corp. jointly announced that they have entered into a definitive merger agreement for an all-stock transaction. Upon closing, four of the five current Yuma Board members will continue to serve on the combined company Board. Richard K. Stoneburner will serve as Non-Executive Chairman, and Sam L. Banks will continue to serve as
Director, President and Chief Executive Officer. James W. Christmas and Frank A. Lodzinski will also continue to serve.