Income Soars For RAM Energy

Tulsa-based RAM Energy Resources, Inc. has announced a 2006 net income of $5 million, or $0.20 a share, up from $543,000 in 2005.
The company also reports that operating income for the year increased to $23.3 million, or 67 percent, from $13.9 million in 2005. Oil and gas sales for the year rose three percent to $68.0 million.
The company completed its offering of 7.5 million common shares in February, adding significantly to its liquidity, which is estimated to be $68 million.

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