Arena Resources Announces Sale of Additional 217,500 Units of Public Secondary Offering
Tulsa, Oklahoma — August 19, 2004 — Arena Resources, Inc. (AMEX: ARD.U, ARD) ("Arena") Tulsa, announces it will issue an additional 217,500 units of the public secondary offering pursuant to the underwriters' exercise of their over-allotment option granted in connection with Arena's principal offering of 1,450,000 units which closed on August 13, 2004. Each unit consists of one share of common stock and one warrant to purchase one share of common stock.

The net proceeds to Arena will be $1,182,000. Arena expects to use the net proceeds from this exercise of the underwriters' over-allotment option to further assist in any future lease acquisitions and the development and enhancement of existing properties.

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

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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