RAM Energy Resources Inc. (RAME) Details Q3 Financial Benchmarks; Anticipates Strong Q4
Independent energy company RAM Energy Resources Inc. (Nasdaq: RAME) today announced its improvements to certain financial benchmarks and liquidity at the end of the third quarter, as well as its expectations for the fourth quarter. The company said it successfully met its goals for the quarter and is maintaining a solid financial position. For the nine-month period ended September 30, 2008, RAM’s non-acquisition expenditures were funded internally. As of September 30, long-term debt was approximately $246 million, while cash and cash equivalents were estimated at $7 million, up slightly from $237 million posted in June 2008. At the end of…