TM. RAM Energy Resources, Inc. Second Quarter 2008 Conference Call Review. August 6, 2008. Disclosure Statement.
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Second Quarter 2008 Conference Call Review
August 6, 2008
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, including, without limitation, statements that address estimates of RAM’s proved reserves of oil, gas and natural gas liquids, its derivative positions, the impact of derivatives, exploration activities, capital spending, borrowing availability, financial position, business strategy, management’s objectives, future operations, and industry conditions, are forward-looking statements. Although RAM believes that the expectations reflected in such forward-looking statements are reasonable, RAM can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from RAM’s expectations (“Cautionary Statements”) include, without limitation, the actual quantities of RAM’s oil and natural gas reserves, future production levels, future prices and demand for oil and natural gas, the results of RAM’s future exploration and development activities, future operating, development costs and future acquisitions, the effect of existing and future laws and governmental regulations (including those pertaining to the environment), the continued availability of capital and financing, and the political and economic climate of the United States as well as risk factors listed from time to time in our reports and documents filed with the SEC. All subsequent written and oral forward-looking statements attributable to RAM, or persons acting on RAM’s behalf, are expressly qualified in their entirety by the Cautionary Statements.
- Areas of Operation
= Rig under contract
- 17 producing wells
- 30 future locations
RAM’s Barnett Shale operating area
Recently acquired acreage
Devonian Shale Play
Columbia Gas Transmission Line
RAM Existing Wells
RAM New Wells
South Texas – Growth Driver (1)
(1) Data as of July 2008
Oil 19.3 MMBBL 46
NGL 5.0 MMBBL 12
Gas 105.4 Bcf 42
Price / NAV (1) (2) (3)
EV / Proved Reserves (BOE)(1)(2)
(1) As of June 30, 2008
(2) Crude oil floors and ceilings and natural gas floors and ceilings cover July through December 2008. Crude oil bare
floors cover July through December 2008. Crude oil floors and ceilings for 2009 cover the calendar year. Natural gas floors
and ceilings for 2009 cover January through October. Crude oil bare floors cover calendar year 2009.
Crude oil secondary floors for 2009 cover January through March. Crude oil floors and ceilings for 2010 cover
January through March.