ARENA RESOURCES INC
SB-1, EX-99, 2000-09-20
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[GRAPHIC OMITTED]
                             Arena Resources, Inc.

                             Total Authorized Issue              See Reverse for
                            50,000 Shares Par Value          Certain Definitions
                                  Common Stock


This is to certify that________________ is the owner of_________________________
fully paid and non-assessable shares of the above Corporation  transferable only
on the  books of the  Corporation  by the  holder  hereof  in  person or by duly
authorized  Attorney  upon  surrender  of this  Certificate  properly  endorsed.
Witness,  the seal of the  Corporation and the signatures of its duly authorized
officers dated



____________________________                    ________________________________
                                                                       President
[GRAPHIC OMITTED]



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