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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
(Mark One)
For the quarterly period ended April 30,
2007
For the transition period from
to
Commission File Number: 0-8877
CREDO PETROLEUM CORPORATION
303-297-2200
Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13
or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes ž
No o
Indicate by check mark whether the registrant is
a large accelerated filer, an accelerated filer, or a non-accelerated
filer. (See definition of “accelerated filer” and “large
accelerated filer” in Rule 12b-2 of the Act.)
Large accelerated filer o
Accelerated filer ž Non-accelerated
filer o
Indicate by check mark whether the registrant is
a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes o No ž
Indicate the number of shares outstanding of
each of the issuer’s classes of common stock, net of treasury stock,
as of the latest practicable date.
CREDO PETROLEUM CORPORATION AND SUBSIDIARIES
Quarterly Report on Form 10-Q For the Period
Ended April 30, 2007
TABLE OF CONTENTS
The terms “CREDO”, “Company”, “we”,
“our”, and “us” refer to CREDO Petroleum Corporation and its
subsidiaries unless the context suggests otherwise.
2
Table of Contents
PART I — FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
CREDO PETROLEUM CORPORATION AND SUBSIDIARIES
Consolidated Balance Sheets
The accompanying notes are an integral part of
these consolidated financial statements.
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Table of Contents
CREDO PETROLEUM CORPORATION AND SUBSIDIARIES
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