Arena Resources Inc. Announces Acquisition of 17,500 Acres in Kansas.TULSA, Okla. -- Arena Resources Inc. (AMEX AMEX See: American Stock Exchange : ARD Ard (ärd), in the Bible. 1 Son of Benjamin. 2 Benjamite, perhaps the same as (1.) An alternate form is Addar. )(AMEX: ARD.WS) ("company") ("Arena") announced today that it has entered into a definitive agreement to acquire approximately 15,000 acres in Hamilton and Greeley counties in western Kansas. Subject to standard due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , closing is scheduled on or before April 15, 2005. The Syracuse Prospect, located in Hamilton County Hamilton County is the name of a number of counties in the United States of America, named for Alexander Hamilton, first United States Secretary of the Treasury (except as indicated below):
In a separate transaction, the company announced it has acquired over 2,500 acres in Gray and Haskell counties, Kansas, contiguous to their Auntie Em Prospect which currently has three producing gas wells with two additional development wells scheduled to be drilled before year end. Arena's management is currently evaluating plans for development of these properties within the parameters of the company's capital budget for 2005. 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 New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). . This release contains forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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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