Arena Resources Announces First Quarter 2005 Financial and Operating Results; 226% Increase in Revenue for the Three Months to $3.9 Million; 324% Increase in Net Income for the Three Months to $1.3 Million.

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Arena Resources Announces First Quarter 2005 Financial and Operating Results; 226% Increase in Revenue for the Three Months to $3.9 Million; 324% Increase in Net Income for the Three Months to $1.3 Million.

TULSA, Okla. -- Arena Resources Inc. (AMEX: ARD) (AMEX: ARD.WS) ("Arena")("company") announced today financial results for the first quarter ended March 31, 2005. Arena had net income of $1,313,253 or $0.12 per fully diluted share, on oil and gas revenues of $3,914,735 for the first quarter of 2005, compared to net income of $309,641, or $0.04 per fully diluted share, on oil and gas revenues of $1,200,400 for the quarter ended Marc...

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