New Issue: Arena Resources settles $32.24 million placement of stock

By Sheri Kasprzak

New York, May 30 - Arena Resources, Inc. concluded a $32,246,000 private placement of stock.

A group of 30 investors bought 1.15 million shares at $28.04 each.

The investors include DKR SoundShore Oasis Holding Fund Ltd.; Camofi Master LDC; UBS O'Connor LLC; Jana Piranha Master Fund, Ltd.; Lucas Energy Total Return Partners LP; Lucas Energy Total Return Master Fund LP; Cutter Point Energy; Cranshire Capital, LP; Nite Capital LP; US Bank, NA; Treaty Oak Acorn; Enable Growth Partners LP; Enable Opportunity Partners LP; Pierce Diversified Strategy Master Fund LLC; Tivoli Partners LP; Bushido Capital Master Fund, LP; Pierce Diversified Strategy Master Fund LLC; SDS Capital Group SPC, Ltd.; Hudson Bay Fund LP; State Street Bank & Trust; Iroquois Master Fund Ltd.; ING Investment Management Co.; D.B. Zwirn Special Opportunity Funds, LP; D.B. Zwirn Special Opportunity Funds, Ltd.; and QVT Fund LP.

Capital One Southcoast, Inc. and C.K. Cooper & Co. were the placement agents in the offering.

Arena, based in Tulsa, Okla., is an oil and natural gas exploration, development, production and acquisition company.

Issuer:	Arena Resources, Inc.
Issue:	Stock
Amount:	$32,246,000
Shares:	1.15 million
Price:	$28.04
Warrants:	No
Investors:	DKR SoundShore Oasis Holding Fund Ltd.; Camofi Master LDC; UBS O'Connor LLC; Jana Piranha Master Fund, Ltd.; Lucas Energy Total Return Partners LP; Lucas Energy Total Return Master Fund LP; Cutter Point Energy; Cranshire Capital, LP; Nite Capital LP; US Bank, NA; Treaty Oak Acorn; Enable Growth Partners LP; Enable Opportunity Partners LP; Pierce Diversified Strategy Master Fund LLC; Tivoli Partners LP; Bushido Capital Master Fund, LP; Pierce Diversified Strategy Master Fund LLC; SDS Capital Group SPC, Ltd.; Hudson Bay Fund LP; State Street Bank & Trust; Iroquois Master Fund Ltd.; ING Investment Management Co.; D.B. Zwirn Special Opportunity Funds, LP; D.B. Zwirn Special Opportunity Funds, Ltd.; and QVT Fund LP
Placement agent:	Capital One Southcoast, Inc. and C.K. Cooper & Co.
Settlement date:	May 26
Stock symbol:	Amex: ARD
Stock price:	$30.52 at close May 26

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