One-Page Deal Sheet
RAM Energy Resources Acquires Ascent Energy
Ram Energy Resources, Inc. Ascent Energy Inc.
Announced Date
March 01,2008
Close Date
November 29,2007
Transaction Type
Corporate
Enterprise Value (EV)($MM)
286
Asset/Basin:
{"Barnett Shale","Woodford Shale","Caney Shale","Devonian Shale"}
TargetZones:
{"Barnett Shale","Wo
% Oil:
PV-10 ($MM)
Transaction Details: Subscribe to see
RAM Energy Resources has executed a definitive agreement to acquire Ascent Energy Inc., a privately held company. Total consideration will be a combination of cash, RAM common stock and RAM warrants.
Strategic Rationale
"The acquisition of Ascent is consistent with RAM's historic strategy of targeting growth through a combination of acquisitions, exploitation and exploration," said Larry Lee, Chairman and CEO of RAM Energy Resources, Inc. "Specifically, the assets of Ascent will add materially to combined production and cash flow, provide additional diversification to potential sources of…
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