2009-07-30-2009-07-30-2009-07-29

Bought 2 properties in West and South TX producing 140 BOE/d.

During July 2009 Ram Energy Resources Inc., Tulsa, Oklahoma, (Nasdaq: RAME) closed two transactions for the divestiture of certain noncore Texas properties, receiving aggregate proceeds of approximately $5.4 million. In the larger of the two transactions, Ram sold its nonoperated interest in a mature gas field in south Texas. The transaction closed July 23, 2009. In the second transaction, which closed July 29, 2009, Ram sold its interest in three small mature oil properties located in West Texas. Together, daily production from these two properties averaged approximately 140 BOE during the first quarter 2009.