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Arena
Resources, Inc. Announces Senior Management Appointment
Tulsa, Oklahoma — February 1, 2007 —
Arena Resources, Inc. (AMEX: ARD) ("Arena" or the "Company")
announced effective today, February 1, 2007, that Mr.
Phil Terry has been appointed to the position of President
and Chief Operating Officer of the Company. Mr. Terry
received his Bachelor of Science degree in Mechanical
Engineering from Oklahoma State University in 1970 and
is a registered Professional Petroleum Engineer with
over 36 years of oil and gas experience in engineering,
production, drilling, completions, reservoir engineering,
property evaluations and corporate management in Oklahoma,
Texas, New Mexico, Wyoming and Kansas. Since April,
2003, he has been in charge of all engineering and field
operations for Arena.
The Company also announced the addition of Mr. Bill
Parsons as Vice President and Manager of Investor Relations.
Mr. Parsons has worked within the securities industry
for the past 25 years. Since 1992, he has served as
President of K M Financial, Inc., a Scottsdale, Arizona
based company which offers consulting and marketing
assistance to young public companies, including Arena.
Mr. Tim Rochford, CEO of Arena stated, "We are
very pleased that Phil Terry has accepted the position
of President of Arena Resources, Inc. This comes at
a time when the Company is experiencing substantial
growth and making a conscious effort to bring on board
the best people available. Since joining us almost four
years ago, Phil has demonstrated an in-depth knowledge
of the areas where our properties are located, as well
as implementing an ongoing strategy for the development
of those properties. Our growth and success to date
is directly attributed to his efforts. We are also pleased
that Bill Parsons has joined us as Vice President of
Investor Relations. As a NYSE listed company, we feel
it imperative to have someone in-house who has a working
knowledge of the Company, hands-on experience in communicating
the events and accomplishments of the Company, and the
ability to cultivate and develop relationships within
the investment community."
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:
Bill Parsons
Vice President Investor Relations
480-947-1589
bparsons@arenaresourcesinc.com
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