Arena Resources Announces Rig Purchase and Acceleration of 2006 CAPEX Budget; Rig Anticipated to Be in Operation by End of First Quarter 2006.

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Arena Resources Announces Rig Purchase and Acceleration of 2006 CAPEX Budget; Rig Anticipated to Be in Operation by End of First Quarter 2006.

TULSA, Okla. -- Arena Resources Inc. (AMEX: ARD) ("Arena")("company") announced today it has purchased a drilling rig which initially will be used...

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