RAM Energy Resources, Inc (RAME) Announces Preliminary Capital Budget for 2008
RAM Energy Resources, Inc. (RAME) announced the company's non-acquisition capital budget for 2008. Report highlights include: • A non-acquisition capital budget of $80 million • $71.5 million, or 89 percent of this total, will be designated for the development and exploitation of further properties • $3.5 million, or 4 percent, is allocated for various exploratory activities • $5.0 million, or 5 percent, is designated for capitalized geological and geophysical costs During the year of 2007, RAM’s capital expenditures have totaled $327.7 million. Throughout year 2007, approximately $286 million was attributed to the acquisition of Ascent, with an additional $18.7 million…