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Arena Resources, Inc. Announces First Quarter 2002 Financial and Operating Results Tulsa, Oklahoma — May 14, 2002 — Arena Resources, Inc. (OTCBB: ARRI) ("Arena") Tuesday announced financial results for the first quarter ended March 31, 2002. Arena had net income of $20,078 before preferred stock dividends on oil and gas revenues of $136,103. Net loss after preferred stock dividends was $19,628 or $0.01 per share compared to a net loss of $46,200 or $0.02 per share on no revenues for the quarter ended March 31, 2001 while the company was still in the developmental stages. Net cash flow from operations, before changes in working capital and preferred dividends, for the quarter ended March 31, 2002 was $42,726, compared to a negative net cash flow of $16,200 for the same period in 2001. Commenting on the operating results, Tim Rochford, president and chief executive officer, remarked, "We are pleased that we have been able to maintain a positive net income and cash flow from operating activities while continuing to increase our daily production and reserve base."
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| 11.20.02 Arena Resources, Inc. Announces Third Quarter and Nine Month 2002 Financial and Operating Results |
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| ............................................ 09.16.02 Arena Resources, Inc. Acquires 3,200 Acres of Production Leases in Oklahoma |
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| ............................................ 08.20.02 Arena Resources, Inc. Announces Fisrt Conversion of Preferred Shares |
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| ............................................ 08.09.02 Arena Resources, Inc. Announces Second Quarter and Six Month 2002 Financial and Operating Results |
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| ............................................ 07.17.02 Arena Resources, Inc. Enters Into Agreement to Acquire Oklahoma Production Lease |
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| ............................................ 07.10.02 Arena Resources, Inc. Announces Completion of Private Placement |
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| ............................................ 07.01.02 Arena Resources, Inc. Acquires 1,430 Acre Producing Lease in Oklahoma |
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| ............................................ 06.19.02 Arena Resources, Inc. Signs Letter of Intent to Acquire Oklahoma |
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| ............................................ 05.23.02 Arena Resources, Inc. Increases Working Interest, Acreage in Kansas |
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| ............................................ 05.14.02 Arena Resources, Inc. Announces First Quarter 2002 Financial and Operating Results |
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| ............................................ 05.02.02 Arena Resources, Adds an Estmated 1.2 Million Barrels of Oil with Texas Mineral Lease Acquisition |
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| ............................................ 04.09.02 Arena Resources, Inc. Enters into Letter of Intent on 570 Acre Texas Mineral Lease for Secondary Recovery Project |
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| ............................................ 03.27.02 Arena Resources, Inc. Reports 2001 Results of Operation, New CFO |
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| ............................................ 01.07.02 Arena Resources, Inc. Commences Production on Oklahoma Well |
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| © COPYRIGHT 2001-2008 ARENA RESOURCES, INC. ALL RIGHTS RESERVED. |
| COMPANY PROFILE :: MANAGEMENT TEAM :: INVESTOR RELATIONS RESEARCH :: PRESS RELEASES/CONFERENCE CALLS :: CORPORATE GOVERNANCE ARENA PRESENTATION :: SEC FILING :: CONTACT US |
