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

Tuesday, April 18, 2006

Arena Resources Completes Well
Potentialed Production 1,462 Mcf Natural Gas per Day

Arena Resources has completed the Pearl Barron Well No. 3 in the Minden Field with a depth of 10,844 feet. The well is located one mile southeast of Henderson. When gauged on a 16/64-inch choke, the well potentialed 1,462 mcf of natural gas per day. Production is in the Cotton Valley Consolidated formation. In terms of BOE the inital production is over 240 BOEPD.