Pyramid Oil, Yuma Energy Announce Merger in All-Stock Deal, Pyramid Will Issue 66M Shares of PDO to Yuma Holders

Pyramid Oil Company (NYSE: PDO ) and privately held Yuma Energy, Inc. jointly announced today that they have entered into a definitive merger agreement for an all-stock transaction. Upon completion of the transaction, which is subject to the approval of stockholders of both companies, Pyramid will change its name to "Yuma Energy, Inc.,"