RAAM Global Energy Company (RAAM) is a privately-owned Delaware corporation. RAAM is the successor to an earlier company founded in 1986 by Howard Settle (Settle) and Jonathan Rudney (Rudney) to conduct oil and gas exploration and production operations in the Gulf of Mexico. Settle and Rudney are the majority shareholders of RAAM.

RAAM is the holding company of three operating subsidiaries – Century Exploration New Orleans, Inc., Century Exploration Houston, Inc. and Century Exploration Resources, Inc. RAAM provides administrative, financial and strategic planning support to its subsidiaries. The three subsidiaries are engaged in oil and gas exploration and production in various regions of the United States.

RAAM employs advanced technologies in the various facets of its business and has made substantial investments in these technologies. To enhance its prospect generation capabilities, in recent years RAAM has expended close to $100 million on acquiring, processing, reprocessing and merging large 3-D seismic surveys offshore in the Gulf of Mexico and onshore in Louisiana and Texas. Approximately 20 full-time geoscientists generate quality prospects from this high-graded inventory of seismic data. The RAAM companies are active in leasing, drilling and developing this extensive portfolio of internally-generated prospects. Since its inception RAAM has expended over $1 billion in net exploration and development costs.

As of January 1, 2010, the RAAM companies owned interests, primarily as operator, in a number of offshore platforms and accompanying wells, as well as numerous onshore wells. RAAM’s oil and gas production revenues for 2009 exceeded $250 million, EBITDA exceeded $200 million and net income before taxes approximated $50 million.