Arena Resources, Inc. Announces Senior Management Appointment.TULSA, Okla. -- Arena Resources, Inc. (NYSE NYSE See: New York Stock Exchange : ARD Ard (ärd), in the Bible. 1 Son of Benjamin. 2 Benjamite, perhaps the same as (1.) An alternate form is Addar. ) ("Company")("Arena") announced effective today, February 1, 2007, that Mr. Phil Terry has been appointed to the position of President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the Company. Mr. Terry received his Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in Mechanical Engineering from Oklahoma State University Oklahoma State University, at Stillwater; land-grant and state supported; coeducational; chartered 1890, opened 1891 as Oklahoma Agricultural and Mechanical College, renamed 1957. in 1970 and is a registered Professional Petroleum Engineer with over 36 years of oil and gas experience in engineering, production, drilling, completions, reservoir engineering Reservoir engineering is a branch of petroleum engineering, typically concerned with maximizing the economic recovery of hydrocarbons from the subsurface. Of particular interest to reservoir engineers is generating accurate reserves estimates for use in financial reporting , property evaluations and corporate management in Oklahoma, Texas, New Mexico, Wyoming and Kansas. Since April, 2003, he has been in charge of all engineering and field operations for Arena. The Company also announced the addition of Mr. Bill Parsons as Vice President and Manager of Investor Relations Investor relations The process by which the corporation communicates with its investors. . Mr. Parsons has worked within the securities industry for the past 25 years. Since 1992, he has served as President of K M Financial, Inc., a Scottsdale, Arizona based company which offers consulting and marketing assistance to young public companies, including Arena. Mr. Tim Rochford, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Arena, stated, "We are very pleased that Phil Terry has accepted the position of President of Arena Resources, Inc. This comes at a time when the Company is experiencing substantial growth and making a conscious effort to bring on board the best people available. Since joining us almost four years ago, Phil has demonstrated an in-depth knowledge of the areas where our properties are located, as well as implementing an ongoing strategy for the development of those properties. Our growth and success to date is directly attributed to his efforts. We are also pleased that Bill Parsons has joined us as Vice President of Investor Relations. As a NYSE listed company, we feel it imperative to have someone in-house who has a working knowledge of the Company, hands-on experience in communicating the events and accomplishments of the Company, and the ability to cultivate and develop relationships within the investment community." 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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