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12/18/03
Arena Resources, Inc. Announces Increase in Bank Credit Facility
to $20 Million
11/06/03
Arena Resources Announces Third Quarter and Nine Month 2003 Financial
and Operating Results
10/14/03
Arena Resources Enters into Agreements to Acquire 30 Wells in New
Mexico and Texas
08/14/03
Arena Resources Announces Appointment of Clayton Woodrum as Director
08/12/03
Arena Resources Announces Second Quarter and Six Month 2003 Financial
and Operating Results
07/18/03
Arena Resources Closes Private Placement
05/15/03
Arena Resources, Inc. Announces First Quarter 2003 Results
05/01/03
Arena Resources Acquires Oil and Gas Production in New Mexico
04/14/03
Arena Resources, Inc. Announces Initial Trading Date, Symbol on
AMEX
03/24/03
Arena Resources, Inc. Approved for Listing on AMEX
03/10/03
Arena Resources, Inc. Reports 2002 Results
02/11/03
Arena Resources, Inc. Secures $10 Million Credit Facility with Bank
of Oklahoma
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Arena Resources, Inc. Secures
$10 Million Credit Facility with Bank of Oklahoma
Tulsa, Oklahoma — February 11, 2003 — Arena
Resources Inc. (OTCBB: ARRI - News; "Arena") announced
today it has entered into a $10 million secured credit
facility with Bank of Oklahoma, N.A. The credit facility
provides for an immediate borrowing base of $2 million.
Tim Rochford, President and CEO of Arena, stated, "2002
was a year of growth and gratification. We were able to
complete five acquisitions during the year which not only
provide immediate cash flow, but also present opportunities
for growth through further development and enhancement.
This credit facility will allow us to react immediately
to future acquisition opportunities."
Arena Resources, Inc. is an oil and gas exploration, development
and production company with current operations in Texas,
Oklahoma and Kansas.
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
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