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PENINSULA CAPITAL MANAGEMENT INC
> ARD
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2008 | ARENA RESOURCES INC | ARD | 217,000 | 190,800 | 11,462,000 | 10,548,000 | $52.82 |
| 06/30/2006 | ARENA RESOURCES INC | ARD | 0 | -26,200 | 0 | -914,000 | |
| 03/31/2006 | ARENA RESOURCES INC | ARD | 26,200 | -26,800 | 914,000 | -395,000 | $34.89 |
| 09/30/2005 | ARENA RESOURCES INC | ARD | 53,000 | 53,000 | 1,309,000 | 1,309,000 | $24.70 |
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