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BATTALION OIL CORP Director's Dealing 2011

May 9, 2011

34958_dirs_2011-05-09_52154ad3-c067-4226-8e11-fc0274a29785.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAM ENERGY RESOURCES INC (RAME)
CIK: 0001282648
Period of Report: 2011-05-05

Reporting Person: Austin George L (SVP, CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-05-05 Common Stock A 100000 $0.00 Acquired 402972 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-05-05 Stock Appreciation Rights $1.73 A 100000 Acquired 2021-05-05 Common Stock (100000) Direct

Footnotes

F1: The stock appreciation rights vest in four (4) equal annual installments begining on January 1, 2012.