RAME: proven oil reserves

"RAM Energy Resources (RAME) is an independent oil and gas company engaged in the acquisition, exploration, exploitation and development of oil and natural gas properties and the production of oil and natural gas. Its properties are located principally in Texas, Louisiana and Oklahoma. Since 1987, RAM has conducted a successful development and exploitation program resulting in the accumulation of significant long-lived natural gas and oil reserves at relatively moderate depths, located principally in its core areas.At June 30, 2007, RAM's estimated net proved reserves were 19.3 million barrels of oil equivalent. RAM owns interests in approximately 2,900 wells, and is the operator of leases upon which approximately 1,900 of these wells are located. As operator, RAM is able to control expenses, capital allocation and the timing of development and exploitation activities of these properties.In RAM's core areas, RAM owns in excess of 131,000 gross leasehold acres, which enhances its competitive exploration position and provides the foundation for future reserve additions".RAM Energy Resources home page