RAM Energy Resources Reports Q4 EPS of $(0.05)

RAM Energy Resources, Inc. RAME today announced fourth quarter ended December 31, 2010 earnings and financial results.

Oil and natural gas sales for the quarter totaled $27.5 million compared to $29.7 million in the year-ago quarter.

For the fourth quarter ended December 31, 2010, RAM recorded a loss of $4.3 million, or $0.05 per share, compared to a loss of $12.6 million, or $0.16 per share, in the year ago quarter. The current year fourth quarter included $2.4 million in realized derivative losses which primarily reflect the risk-adjustment modification of the company's hedge portfolio after the $51.7 million gross proceeds from the sale of non-core properties in December.