Arena Revenue Up 188 Percent

Arena Resources, Inc. has announced financial results for the three months and six months ended June 30, 2008.

For the three month period ended June 30, 2008, Arena had oil and gas revenues of $62.1 million compared to $21 million for the quarter ended June 30, 2007, a 188 percent increase, and net income of $24.7 million compared to net income of $7.8 million for the same period in 2007 a 214 percent increase.

For the six month period ended June 30, 2008, the company reported oil and gas revenues of $107.4 million compared to oil and gas revenues of $38.2 million for the six month period ended June 30, 2007, a 181 percent increase.

Net income for the six month period ended June 30, 2008 was $43.1 million, compared to net income of $13.6 million for the same period in 2007, a 217 percent increase.



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