SOURCE: Arena Resources, Inc.

August 21, 2006 11:55 ET

Arena Resources Announces Move to New York Stock Exchange

Begins Trading August 31, 2006

TULSA, OK -- (MARKET WIRE) -- August 21, 2006 -- Arena Resources, Inc. (AMEX: ARD) ("Arena")("Company") announced today, that effective Thursday, August 31, 2006, its common stock will begin trading on the New York Stock Exchange ("NYSE") under the symbol "ARD." Arena's common stock, currently trading on the American Stock Exchange ("AMEX") under the symbol "ARD," will cease trading on the AMEX effective with date of listing on the New York Stock Exchange.

Mr. Tim Rochford, President, CEO of Arena stated, "We believe the move to the NYSE will further enhance shareholder value through increased visibility and recognition. We are excited and proud to be included with some of the most prestigious public companies in the world."

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.

Contact Information

  • For further information contact:
    Bill Parsons
    K M Financial, Inc.
    (480) 947-1589