Sandridge and Arena to hold stockholder meeting

Oklahoma-based oil and natural gas company Sandridge Energy and Arena Resources, an oil and gas exploration company, have announced 8 June 2010 as the date scheduled for their respective special stockholder meetings.

On 3 April 2010, the companies entered into a definitive merger agreement providing for the merger of Arena with a subsidiary of Sandridge in exchange for Sandridge common stock and cash.

At their respective meetings, Sandridge stockholders will vote on, among other items, the issuance of Sandridge common stock to Arena stockholders pursuant to the merger, while the Arena stockholders will vote on the merger with a subsidiary of Sandridge.

Both companies have fixed the close of business on 5 May 2010 as the record date for the determination of stockholders entitled to receive notice of and to vote at the meetings.