SEC Filing Summary: RAM Energy Resources, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed by RAM Energy Resources, Inc. on February 18, 2008, covering events occurring on February 15, 2008. The registrant is incorporated in Delaware and operates in the energy sector. Note: The request metadata referenced "BATTALION OIL CORP," but the filing text explicitly identifies the registrant as RAM Energy Resources, Inc.
Key Financial Metrics
The filing details the repayment of a specific debt instrument rather than providing comprehensive financial statements for a reporting period.
- Debt Repayment: Principal amount of $28,401,000 paid in full.
- Interest Paid: $1,633,057 in accrued but unpaid interest.
- Total Cash Outflow: $30,034,057.
- Instrument: 11 1/2% Senior Notes Due 2008 issued by subsidiary RAM Energy, Inc.
The filing text does not provide clear values for revenue, profit, operating cash flow, margins, or overall liquidity positions beyond the specific debt transaction.
Material Changes
The primary material change is the termination of a material agreement and the disposition of a liability. On February 15, 2008, the 11 1/2% Senior Notes matured and were paid in full. Consequently, the Indenture governing these notes ceased to be of any further force and effect.
Outlook, Risks, and Management Commentary
Management announced the payment via a press release on February 20, 2008. The filing does not contain forward-looking guidance, specific risk factors, or commentary on future operations beyond the confirmation of the debt extinguishment. No unusual items or contingencies were disclosed in this report.
Investor Verification Checklist
- Verify the impact of the $30 million cash outflow on the company's remaining liquidity and working capital.
- Confirm the current status of the Indenture to ensure no residual obligations remain.
- Review the subsidiary RAM Energy, Inc.'s balance sheet to assess remaining debt levels.
- Check subsequent filings for any new debt issuances or refinancing activities.