Thursday, December 22, 2011 11:52:16 AM
Thu Dec 22, 2011 8:18am EST
* To sell 74 pct to Halcon Resources for up to $550 mln
* Ram Energy to be renamed as Halcon Resources Corp
* Ram Energy shares up 27 pct premarket
Dec 22 (Reuters) - Ram Energy Resources Inc said it would sell a 74 percent stake for up to $550 million to privately held Halcon Resources LLC to develop its oil fields in Oklahoma and Texas.
Halcon Resources, led by former Chairman of Petrohawk Energy, Floyd Wilson, will invest $275 million in common stock and $275 million in convertible notes in the oil and natural gas company.
The investment also includes warrants for the purchase of an additional 110 million shares.
Shares of Tulsa, Oklahoma-based Ram Energy, valued at about $90 million, were up 27 percent at $1.40 in premarket trading on Thursday.
After completion of the deal, expected in the first quarter, Ram Energy will be renamed as Halcon Resources Corp, and led by Wilson.
Ram Energy also has properties in Louisiana.
Recent BATL News
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 06/11/2024 12:07:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/11/2024 12:05:56 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 11:35:46 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 05/16/2024 01:12:48 AM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 05/15/2024 09:54:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 09:50:20 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/15/2024 08:42:02 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:41:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 08:41:04 PM
- Battalion Oil Corporation Announces First Quarter 2024 Financial and Operating Results • GlobeNewswire Inc. • 05/15/2024 08:32:58 PM
- Battalion Oil Corporation Announces Fourth Quarter 2023 Financial and Operating Results • GlobeNewswire Inc. • 03/29/2024 11:44:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 01:29:54 PM
- Form SC 13E3/A - Going private transaction by certain issuers: [Amend] • Edgar (US Regulatory) • 02/12/2024 04:02:20 PM
- Form PRER14A - Preliminary Proxy Soliciting materials • Edgar (US Regulatory) • 02/12/2024 02:17:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/09/2024 09:30:28 PM
- Battalion Oil in Compliance with NYSE American Listing Standards • GlobeNewswire Inc. • 02/09/2024 09:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 09:05:18 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/06/2024 02:22:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 02:21:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 01/29/2024 02:11:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 02:10:25 PM
- Battalion Oil Corporation Announces Operations and Financial Update • GlobeNewswire Inc. • 01/29/2024 02:00:00 PM
- Kuehn Law Encourages DOC, BATL, KAMN, and INBX Investors to Contact Law Firm • PR Newswire (US) • 01/26/2024 05:12:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 01/24/2024 02:28:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 02:27:47 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM