Lloyd T. ("Tim") Rochford
Chairman of the Board / Co-founder
Mr. Rochford has been active in the oil and gas industry since 1973. During that time, he has been an operator of wells in the mid-continent of the United States, evaluated leasehold drilling and production projects and arranged and raised over $50 million in private and public financing for oil and gas projects. Mr. Rochford has successfully formed, developed and sold/merged 3 natural resource companies, the most recent being Magnum Petroleum, Inc. ("Magnum"). Mr. Rochford was instrumental in the formation of Magnum in 1989, and the $10 million of public and private financing which followed. He orchestrated Magnum's acquisition of Hunter Resources, Inc. in 1995, becoming Magnum Hunter Resources, Inc. (NYSE: MHR), and remained with the company as its chairman until resigning in 1997 to pursue other interests.

Stanley McCabe
Director / Co-founder
Over the past 28 years, Mr. McCabe has overseen the drilling and completion of over 200 oil and gas wells, and has been instrumental in raising over $60 million in drilling funds. From 1980 to 1985, Mr. McCabe directed the drilling and operation of over 150 wells in Oklahoma with a completion rate in excess of 80%. In 1982, Stanton Energy, Inc., a company formed by Mr. McCabe, was ranked 24th out of over 2,500 operators in Oklahoma according to the Oklahoma Corporation Commission drilling and completion activity records. In 1989, Mr. McCabe became a co-founder of Magnum Petroleum, Inc., assisting the company in evaluating projects and aligning the company with strategic industry partners in Oklahoma. Mr. McCabe became a board member after the acquisition of Hunter Resources, Inc. assisting in a smooth management transition. Mr. McCabe resigned in 1996 to pursue other interests.

Phillip W. Terry
President and CEO
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.

William Randall (Randy) Broaddrick
Vice President and CFO
From 1997 to 2000, Mr. Broaddrick was employed with Amoco Production Company, performing lease revenue accounting and state production tax and regulatory reporting functions. During 2000, Mr. Broaddrick became employed with Duke Energy Field Services performing state production tax functions. During 2001, Mr. Broaddrick joined Arena as chief accountant and, effective February 1, 2002, has assumed responsibilities as Vice President and Chief Financial Officer.