Management's primary goal is to enhance shareholder value through the growth of underlying proven reserves with an emphasis on positive cash flow.   Arena Resources, Inc. (NYSE: ARD) is an Oklahoma-based oil and gas exploration, development and production company with current operations in Texas, Oklahoma, Kansas and New Mexico. Founded in 2000, the experienced management team has aggressively sought to acquire select properties in their "back yard" which provides immediate positive cash flow and development opportunities for future years. To date, the company has made acquisitions representing an estimated 55.4 million BOE's (barrel of oil equivalents) and an estimated $1,982.0 billion* in PV-10 (future net revenues discounted 10%). Arena's management understands what is required to build a resource company from the ground up, having successfully done so on more than one occasion. With over 100 years of combined experience in the oil and gas industry, coupled with new technological advancements, careful geological evaluation and reservoir engineering, Arena has the components in place to build a profitable and successful program. * INDEPENDENT AUDIT PREPARED 12/31/06 USING $88.89 PER BARREL OF OIL/$8.74 PER MCF OF NATURAL GAS.       © Copyright 2005 Arena Resources, Inc. All rights reserved.