William Randall, President & CEO of Arena, stated, “This discovery, on the first exploration drill hole completed by Arena, opens a whole new portion of the basin for resource growth, and greatly exceeds our expectations. The quality of the aquifer and discovered brine suggests that this eastern sub-basin could be productive and potentially expand the size of our business model in the future.” He added, “The exploration drill rig has moved on to test other claims in the basin, where we hope to further expand the brine bearing aquifers on our land holdings.”