RAM Energy Resources Reports Third Quarter 2009 Results
7:00a ET November 5, 2009 (Business Wire)
--Company Expects to Meet or Exceed the Previous Production Guidance for 2009 Year of 2.5 Million BOE

--3Q EBITDA of $11.1 Million

--Free Cash Flow of $8.7 Million in 3Q 2009 or $0.12 Per Share; Fully Funds 3Q Capital Expenditure Program of $4.0 Million

--Company Expects 4Q Cash Flow to Fund Remainder of Capital Spending for 2009 year

--Outstanding Borrowings Under Credit Facility Reduced to $250.2 Million

RAM Energy Resources, Inc. (Nasdaq: RAME) today announced third quarter 2009 production, earnings and financial highlights.

Larry Lee, Chairman and CEO stated "We continue to be pleased with production volumes, given the small amount of capital spent in the quarter. We are also pleased to report that cash flow generated from our operating activities combined with proceeds from asset sales has enabled us to fund all of our non-acquisition capital expenditures through the first nine months of this year and modestly reduce debt."

http://www.reuters.com/article/pressRele...