PRESS RELEASE

30 SEPTEMBER 2005

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2005

Ramco, the Aberdeen based oil and gas exploration company, announces interim results for the six months ended 30 June 2005.

Financial Highlights
• Turnover was £7.3m (2004: £25.5m)
• After tax loss of £1.6m (2004: £1.0m)
• Both divisions profitable at the operating level
• On target to be debt free by the end of 2005
• Placing of 3 million shares at 34p each successfully completed in June

Operational Highlights
• Seven Heads production maintained at 4mmscfd
• 3D seismic survey in Bulgaria to commence in November, Ramco substantially carried
• One well anticipated in 2006 in the Donegal Basin, through which Ramco is carried
• Interested parties have tabled offers for Seven Heads and the Oil Services Business

Steve Remp, Chairman of Ramco, commented:

“Having stabilised the business we now have in place a clear turnaround strategy. With negotiations for the disposals of Seven Heads and the Oil Service Business in the final stages, the business is again focussed on exploration: a 3D seismic survey in Bulgaria is due to commence in November and an exploration well on our Irish acreage is targeted for 2006.

We are determined to make Ramco a success and re-capture value for shareholders.”

Click here to download a pdf of the Interim Results 2005

ENQUIRIES:

Ramco Energy - Aberdeen
Steven Bertram, Managing Director Tel: 01224 352 200

College Hill - London
Nick Elwes Tel: 020 7457 2020

Ramco Energy plc
62 Queen's Road
Aberdeen
AB15 4YE
United Kingdom
Tel: +44 1224 352 200
Fax: +44 1224 352 211