Arena Resources Announces Second Quarter and Six Month 2003 Financial
and Operating Results
Tulsa, Oklahoma — August 12, 2003 — Arena Resources, Inc. (AMEX: ARD) ("Arena") announced today financial results for the second quarter and six months ended June 30, 2003. Arena had net income of $205,652, or $.03 per share, on oil and gas revenues of $841,619 for the second quarter compared to a net income of $35,790 before preferred stock dividends on oil and gas revenues of $167,682 for the quarter ended June 30, 2002. The Company reported net income of $385,958, or $.06 per share, on oil and gas revenues of $1,648,640 for the six month period ended June 30, 2003 compared to net income of $55,868 before preferred stock dividends on oil and gas revenues of $311,013 for the six month period ended June 30, 2002.

Net cash flow from operations for the six months ended June 30, 2003 was $686,310, compared to net cash flow of $137,847 for the same period in 2002.

As of June 30, 2003 the Company had net working capital of $1,669,805 compared to $894,558 as of June 30, 2002.

Arena's Chief Executive Officer, Mr. Tim Rochford, stated, "We are extremely proud of the results for the second quarter. We continue to seek out prospects with existing positive cash flow and the opportunity for further development. We firmly believe that the acquisition of properties with those criteria not only immediately enhances ArenaÕs reserves and cash flow, but ultimately builds shareholder value."

  Arena Resources, Inc. is an oil and gas exploration, development and production company with current operations in Oklahoma and Texas.  

This release contains forward-looking statements within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995 that involve a wide variety of risks and uncertainties, including, without limitations, statements with respect to the company's strategy and prospects. Readers and investors are cautioned that the company's actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, the company's ability to acquire productive oil and/or gas properties or to successfully drill and complete oil and/or gas wells on such properties, general economic conditions both domestically and abroad, and the conduct of business by the company, and other factors that may be more fully described in additional documents set forth by the company.
  For further information contact:
K M Financial, Inc.
Bill Parsons
480-947-1589		  
 
  12.18.03
Arena Resources, Inc. Announces Increase in Bank Credit Facility to $20 Million 		 
  ............................................
11.06.03
Arena Resources, Inc. Announces Third Quarter and Nine Month
2003 Financial and Operating
  
  ............................................
10.14.03
Arena Resources Enters into Agreements to Acquire 30 Wells in New Mexico and Texas		  
  ............................................
08.14.03
Arena Resources, Inc. Announces Appointment of Clayton
Woodrum as Director 		 
 

............................................
08.12.03
Arena Resources, Inc.
Announces Second
Quarter and Six Month 2003
Financial and Operating Results

  
  ............................................
07.18.03
Arena Resources Closes
Private Placement		  
  ............................................
05.15.03
Arena Resources, Inc. Announces
First Quarter 2003 Results 		 
  ............................................
05.01.03
Arena Resources Acquires Oil
and Gas Production in New Mexico		  
  ............................................
04.14.03
Arena Resources, Inc.
Announces Initial
Trading Date, Symbol on AMEX 		 
  ............................................
03.24.03
Arena Resources, Inc. Approved
for Listing on AMEX 		 
  ............................................
03.10.03
Arena Resources, Inc. Reports
2002 Results 		 
 

............................................
02.11.03
Arena Resources, Inc.
Secures $10 Million
Credit Facility with Bank
of Oklahoma

  
   
       
      © 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