RAME Ram Energy Resources, Inc. (MM)

RAM Energy Resources, Inc. (Nasdaq: RAME), announced today that it has notified the NASDAQ that RAM Energy Resources intends to separate its outstanding Units, so that the common stock and warrants comprising the Units will continue to be traded separately. To accomplish this separation, the Company intends to withdraw its Units from listing on the NASDAQ Capital Market, and intends to file a Form 25 with the Securities and Exchange Commission to affect such withdrawal from listing on the NASDAQ Capital Market. Upon the effective date of the withdrawal of the Units from NASDAQ Capital Market, RAM Energy Resources intends to file a Form 15 with the Securities and Exchange Commission to terminate any further registration and reporting obligations with respect to the Units. However, RAM Energy Resources will continue to file reports with the SEC with respect to its outstanding shares of common stock and warrants. Larry E. Lee, Chairman and Chief Executive Officer of RAM Energy Resources stated that: �Our analysis indicates that the volume of trading in the Units is very low, and a large number of the Units have been already separated by the holders. We are attempting to simplify our marketable securities so that only our common stock and warrants will continue to be listed and quoted on the NASDAQ Capital Market. We will continue to file reports under the Securities Exchange Act of 1934 with respect to the common stock and warrants.� RAM Energy Resources anticipates that its withdrawal of the Units from listing on the NASDAQ Capital Market will be effective at the close of business on April 10, 2007. The Company�s common stock and warrants currently trade, and will continue to trade as whole common shares and warrants (no fractional shares or warrants) on the NASDAQ Capital Market under the following symbols: Common Stock: RAME Warrants: RAMEW Each warrant entitles the holder to purchase one share of common stock at an exercise price of $5.00 per share. The warrants may be exercised at any time on or prior to May 11, 2008. Forwarding-Looking Statements This release includes certain statements that may be deemed to be �forward-looking statements� within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address estimates of drilling, capital spending, reserves acquired, and events or developments that RAM Energy Resources expects or believes are forward-looking statements. Although RAM Energy Resources believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, exploitation and exploration successes, actions taken and to be taken by the government as a result of political and economic conditions, continued availability of capital and financing, and general economic, market or business conditions as well as numerous other risk factors described from time-to-time in RAM Energy Resources� periodic reports, proxy statements and other information statements filed with the Securities and Exchange Commission. RAM Energy Resources, Inc. is an independent energy company engaged in the acquisition, exploitation, exploration, and development of oil and gas properties and the marketing of natural gas and crude oil. Company headquarters are in Tulsa, Oklahoma, and its common shares and warrants are traded on the NASDAQ Capital Market under the symbol RAME and RAMEW, respectively. For additional information, visit the company website at www.ramenergy.com.