An undisclosed buyer entered into an agreement to acquire all of the assets located in Kern County, California from Yuma Energy Inc. (AMEX:YUMA) and its subsidiary Pyramid Oil LLC for approximately $3.2 million on March 21, 2019. The purchase consideration comprises a payment of $2.1 million and assumption of certain plugging and abandonment liabilities of approximately $864,000. As additional consideration for the sale of the assets, if WTI Index for oil equals or exceeds $65 in the six months following the closing and maintains that average for twelve consecutive months, then the buyer shall pay Yuma $250,000. The transaction is expected to close by April 26, 2019. An undisclosed buyer completed the acquisition of all of the assets located in Kern County, California from Yuma Energy Inc. (AMEX:YUMA) (‘Yuma’) and its subsidiary Pyramid Oil LLC on April 26, 2019. Out of the total net proceeds of approximately $1.8 million, Yuma used approximately $1.2 million against the principal of its outstanding debt, and the balance towards working capital.