Arena Resources, Inc. Announces Pricing of Public Offering of 1,450,000 Units
Tulsa, Oklahoma — August 10, 2004 — Arena Resources, Inc. (AMEX: ARD) ("Arena") Tulsa, announces that the public secondary offering of 1,450,000 units, with each unit consisting of one share of common stock and one warrant, has been set at $6.10 per unit. The warrant has an exercise price of 120% of the offering price, or $7.32 and expires August 9, 2008. The unit will be trading under the symbol ARD.U.

Neidiger, Tucker, Bruner, Inc. and Lane Capital Markets are serving as the co-managing underwriters for the offering.

The underwriters have a 60-day option to purchase up to an additional 217,500 units for the purpose of covering over-allotments, if any.

Copies of the final prospectus relating to the offering may be obtained from Neidiger, Tucker, Bruner, Inc., 1675 Larimer Ave. Suite 300, Denver, CO 80202 (303) 825-1825. Copies of the registration statement are available over the Internet at the Securities and Exchange CommissionÕs website at www.sec.gov.

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

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
k-m-financial@msn.com
 
 
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Arena Resources Announces Sale of Additional 217,500 Units of Public Secondary Offering
 
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Arena Resources, Inc. Announces Pricing of Public Offering of 1,450,000 Units
 
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Arena Resources, Inc.
Revises Reserve Estimates
 
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Arena Resources Restates First Quarter 2004 Results
 
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Arena Resources Announces First Quarter 2004 Results
 
 

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05.10.04

Arena Resources Completes New Mexico Lease Acquisition

 
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Arena Resources Announces Ten Million Dollar New Mexico Lease Acquisition
 
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Arena Resources Signs Letter of Intent to Acquire New
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Arena Resources Announces 2003 Financial and Operating Results
 
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Arena Resources Announces 2003 Reserve and Production Results
 
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Arena Resources Drills Second Successful Gas Well in Kansas
 
   
       
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