RAM Energy Resources Announces Non-Strategic Asset Sale

RAM Energy Resources, Inc. RAME today announced it has closed the sale to a privately-held E&P company of certain non-operated natural gas properties located in eastern Oklahoma for $8.0 million in cash. The transaction closed on December 30, 2010. The sale proceeds were immediately applied to reduce outstanding borrowings under RAM's revolving credit facility to $116.5 million at December 31, 2010. The disposition of these non-core properties reflects the successful continuation of the company's implementation of its previously announced plan to target debt reduction through selective asset divestitures.