Related Party Transactions and Outside Related Director Information

Arena Resources, Inc. (ARD)

12/7/2005 Proxy Information

In July 2002, the Company borrowed $200,000 from each of Messrs. Rochford and McCabe, which debts are evidenced by notes payable which mature on January 1, 2007. The notes bear interest at a rate of 10% per annum, and are secured by our assets (although such notes are subordinate to our credit facility with our primary commercial lender).