ARD Price Target FY07: TBA
ARD EPS Estimate FY07: TBA

Friday, April 21, 2006

ARD Shares Advance 5.81% to $36.43
Shares Rally on Rise in Crude Oil and Research Report Issued by Hibernia

Shares of Arena Resources Advanced $2.00 to close the week at $36.43. The company is profiting from the rise in crude as well as the coverage announced today by Hibernia Southcoast. Hibernia initiated coverage on ARD today with a BUY rating and a $42 target. To see this report please contact Investor Relations at Arena Resources.