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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.
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| 12.21.04 Arena Resources, Inc. Announces Completion of $10.5 Million Texas Property Acquisition |
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| ............................................ 12.07.04 Arena Resources, Inc. Announces $10.5 Million Texas Property Acquisition |
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| ............................................ 10.29.04 Arena Resources, Inc. Announces Separation of Units |
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| ............................................ 10.28.04 Arena Resources Announces Third Quarter and Nine Month 2004 Financial and Operating Results |
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| ............................................ 08.19.04 Arena Resources Announces Sale of Additional 217,500 Units of Public Secondary Offering |
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| ............................................ 08.16.04 Arena Resources Announces Second Quarter and Six Month 2004 Financial and Operating Results |
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| ............................................ 08.10.04 Arena Resources, Inc. Announces Pricing of Public Offering of 1,450,000 Units |
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| ............................................ 07.27.04 Arena Resources, Inc. Revises Reserve Estimates |
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| ............................................ 05.28.04 Arena Resources Restates First Quarter 2004 Results |
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| ............................................ 05.18.04 Arena Resources Announces First Quarter 2004 Results |
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| ............................................ 04.23.04 Arena Resources Announces Ten Million Dollar New Mexico Lease Acquisition |
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| ............................................ 04.15.04 Arena Resources Signs Letter of Intent to Acquire New Mexico Prospect |
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| ............................................ 02.05.04 Arena Resources Announces 2003 Financial and Operating Results |
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| ............................................ 02.02.04 Arena Resources Announces 2003 Reserve and Production Results |
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| ............................................ 01.21.04 Arena Resources Drills Second Successful Gas Well in Kansas |
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