RAM Energy Resources declares production for the quarter ended June 30, 2009 was 652,000 barrels of oil equivalent (BOE) compared to production in the year-ago quarter of 644,000 BOE. Daily production in the second quarter 2009 averaged 7,165 BOE, a 1.2 percent increase over last year's second quarter volume, principally as a result of increased volumes from its "mature oil fields" resulting from oil focused activity during 2009 and drilling activity in the second half of last year.

Approximately 59% of second quarter production is attributable to oil and natural gas liquids (NGL) while the remaining 41% is attributable to natural gas. Based on first half 2009 production totaling 1.3 million BOE and planned activity during the remainder of the year, the company reaffirms its previously established target production for the 2009 year of 2.5 million BOE, despite production anticipated to be lost from the asset sales described below.

RAM Completes Divestiture of Non-Strategic Assets, Proceeds to Reduce Debt

During July 2009 RAM closed two transactions for the divestiture of certain non-core Texas properties, receiving aggregate proceeds of approximately $5.4 million. In the larger of the two transactions, RAM sold its non-operated interest in a mature gas field in south Texas. The transaction closed July 23, 2009. In the second transaction, which closed July 29, 2009, RAM sold its interest in three small mature oil properties located in west Texas. Together, daily production from these two property sets averaged approximately 140 BOE during the first quarter 2009. The company continues to evaluate additional properties in its asset base for divestiture in concert with its previously announced intention to raise approximately $5 - $10 million through asset sales during the 2009 year. Proceeds from the divestitures along with cash flow in excess of planned capital spending are anticipated to be applied to reduce the company's outstanding debt, which totaled $255.7 million at June 30, 2009.

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