BATTALION OIL CORP — Director's Dealing 2011

May 9, 2011

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: SMILEY DRAKE N (SVP, Land & Exploration)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-05	Common Stock	A	100000	$0.00	Acquired	505560	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.