Terry to Lead Arena Resources
Arena Resources, Inc. announced effective, February 1, 2007, that Mr. Phil Terry has been appointed to the position of President and Chief Operating Officer of the Company. Mr. Terry received his Bachelor of Science degree in Mechanical Engineering from Oklahoma State University 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, 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. 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 that offers consulting and marketing assistance to young public companies, including Arena.
Mr. Tim Rochford, CEO 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."
Arena Resources, Inc. is an oil and gas exploration, development and production company with current operations in Texas, Oklahoma, Kansas and New Mexico.
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