11/20/02
Arena Resources, Inc. Announces Third Quarter and Nine Month 2002 Financial and Operating Results

09/16/02
Arena Resources, Inc. Acquires 3,200 Acres of Production Leases in Oklahoma

08/20/02
Arena Resources, Inc. Announces First Conversion of Preferred Shares

08/09/02
Arena Resources, Inc. Announces Second Quarter and Six Month 2002 Financial and Operating Results

07/31/02
Arena Resources, Inc. Acquires Oklahoma Production Lease

07/17/02
Arena Resources, Inc. Enters Into Agreement to Acquire Oklahoma Production Lease

07/10/02
Arena Resources, Inc. Announces Completion of Private Placement

07/01/02
Arena Resources, Inc. Acquires 1,430 Acre Producing Lease in Oklahoma

06/19/02
Arena Resources, Inc. Signs Letter of Intent to Aquire Oklahoma

05/23/02
Arena Resources, Inc. Increases Working Interest, Acreage in Kansas

05/14/02
Arena Resources, Inc. Announces First Quarter 2002 Financial and Operating Results

05/07/02
Arena Resources, Inc. Successfully Drills First Kansas Well

05/02/02
Arena Resources, Inc. Adds an Estimated 1.2 Million Barrels of Oil with Texas Mineral Lease Acquisition

04/09/02
Arena Resources, Inc. Enters into Letter of Intent on 570 Acres Texas Mineral Lease for Secondary Recovery Project

03/27/02
Arena Resources, Inc. Reports 2001 Results of Operations, New CFO

01/07/02
Arena Resources, Inc. Commences Production on Oklahoma Well





 


Arena Resources, Inc. Acquires 1,430 Acre Producing Lease in Oklahoma
Tulsa, Oklahoma — July 1, 2002 — Arena Resources, Inc. (OTCBB: ARRI) ("Arena") Monday announced that it has finalized the acquisition of an approximate 90 percent working interest of a mineral lease in the Oklahoma panhandle.

The ONA Northwest lease, located in Texas and Cimarron Counties, Okla., consists of seven producing wells on 1,430 acres. Current production exceeds 100 barrels of oil equivalent per day, with proved reserves of approximately 400,000 barrels of oil equivalent. Management intends to increase daily production through further enhancements to existing wells and additional offset drilling.

Arena Resources Inc. will be the operator of the ONA NW Unit.

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.

Contact: K M Financial, Inc.
Bill Parsons
480-947-1589

  

 
   
 
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