SEC Filing Summary: RAM ENERGY RESOURCES, INC.
Business Context and Reporting Period
This Form 8-K was filed on September 25, 2006, by RAM ENERGY RESOURCES, INC. (Note: The request metadata referenced "BATTALION OIL CORP," but the filing text identifies the registrant as RAM ENERGY RESOURCES, INC.). The report covers a specific corporate event that occurred on September 22, 2006.
Key Financial Metrics
The filing details a share repurchase transaction but does not provide comprehensive financial statements, revenue, profit, or debt metrics for the period.
- Transaction Type: Share repurchase (Treasury Stock).
- Shares Purchased: 739,175 shares of outstanding common stock.
- Counterparty: Amaranth, LLC (privately negotiated transaction).
- Price Per Share: $4.295 (including costs).
- Total Estimated Cost: Approximately $3,174,761 (739,175 shares x $4.295).
- Funding Source: Cash on hand.
Material Changes
The primary material change is the reduction of outstanding common stock by 739,175 shares, which are now held as treasury stock. This transaction was funded directly from the company's existing cash reserves.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future operations, or specific risk factors beyond the disclosure of the completed transaction. No unusual items or contingencies were reported in this document.
Investor Verification Checklist
- Verify the impact of the 739,175 share reduction on earnings per share (EPS) in subsequent filings.
- Confirm the company's remaining cash balance post-transaction to assess liquidity.
- Review the press release (Exhibit 99.1) for additional context on the relationship with Amaranth, LLC.
- Check subsequent filings to determine if the treasury shares will be retired or reissued.