Business Context and Reporting Period
This Form 8-K was filed by RAM Energy Resources, Inc. on May 14, 2007, reporting an event that occurred on May 10, 2007. The registrant is incorporated in Delaware and operates in the energy sector.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial figure disclosed relates to a specific transaction:
- Acquisition Price: $18.5 million (aggregate purchase price).
- Assets Acquired: Leases in the Permian Basin (Southeast New Mexico and West Texas) containing 120 wells.
Material Changes
The material change reported is the entry into a definitive agreement by the registrant's wholly owned subsidiary, RAM Energy, Inc., to purchase the aforementioned leases from an unaffiliated, privately held company. The transaction is subject to customary closing conditions and adjustments.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, or specific risk factors beyond the standard condition that the transaction is subject to customary closing conditions. No unusual items or contingencies were detailed in the text provided.
Investor Verification Checklist
- Verify the closing status of the $18.5 million acquisition of 120 wells in the Permian Basin.
- Confirm the identity of the unaffiliated, privately held seller.
- Review the definitive agreement for specific closing conditions and purchase price adjustments.
- Check subsequent filings for the impact of this acquisition on the company's balance sheet and liquidity.