Business Context and Reporting Period
This Form 8-K is filed by RAM Energy Resources, Inc. (not Battalion Oil Corp) on April 2, 2007. The report addresses the Company's financial results and operational data for the fourth quarter and full year ended December 31, 2006.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the attached press releases (Exhibits 99.1 and 99.2) which are incorporated by reference but not detailed in the body of this 8-K.
Material Changes and Corrections
- Results Announcement: The Company announced its fourth quarter and full-year 2006 results via a press release (Exhibit 99.1).
- Data Correction: A subsequent press release (Exhibit 99.2) was issued to correct information regarding total oil and natural gas production for the fourth quarter of 2006 contained in the initial announcement.
- Reserves Update: The Company announced estimates of proved oil and natural gas reserves as of December 31, 2006 (Exhibit 99.3).
Guidance, Outlook, and Risks
The filing text does not contain specific management commentary, forward-looking guidance, or a detailed discussion of risks and contingencies. The document serves primarily to notify the market of the issuance of the aforementioned press releases and to incorporate them by reference.
Investor Verification Checklist
- Verify the corrected oil and natural gas production figures for Q4 2006 in Exhibit 99.2.
- Review the full financial results (revenue, net income, cash flow) in Exhibit 99.1.
- Examine the proved reserves estimates detailed in Exhibit 99.3.
- Confirm the discrepancy between the metadata company name ("BATTALION OIL CORP") and the registrant name in the filing ("RAM ENERGY RESOURCES, INC").