Corporate Information for Credo Petroleum Corporation Oil and Gas Exploration

Corporate Profile

CREDO Petroleum Corporation is an independent oil and gas exploration and development company. CREDO focuses on two core projects—natural gas drilling and application of its patented Calliope Gas Recovery System. The company operates primarily in the Mid-Continent Region of the United States, with minor operations in the Rocky Mountain Region. CREDO owns working and royalty interests in approximately 1,445 wells and acts as the operator of approximately 115 wells.

Stock Trading Range

Market quotations shown below were reported by the National Association of Securities Dealers, Inc. and represent prices between dealers excluding retail mark-up or commissions.

			2007				2006

Fiscal Quarter Ended		High		Low		High		Low

Jan. 31	$	13.27	$	11.55	$	30.46	$	17.16
April 30		16.00		11.58		29.97		20.46
July 31		14.60		11.78		25.40		16.85
Oct. 31		11.92		9.52		22.02		12.86

At January 8, 2008, the company had 2,496 shareholders of record. The company has never paid a cash dividend and does not expect to pay any cash dividends in the foreseeable future. Earnings are reinvested in business activities.

Other Corporate Information

Executive Officers
James T. Huffman
President

David E. Dennis
Chief Financial Officer

Alford B. Neely
Manager of Regulatory
Compliance

Subsidiaries
SECO Energy Corporation
1801 Broadway, Suite 900
Denver, Colorado 80202

United Oil Corporation
1801 Broadway, Suite 900
Denver, Colorado 80202

Executive Offices
1801 Broadway, Suite 900
Denver, Colorado 80202
(303) 297-2200
Website: www.credopetroleum.com

Corporate Counsel
Davis Graham & Stubbs LLP
Denver, Colorado

Hall Estill, Hardwick, Gable,
Gordon & Nelson, P.C.
Oklahoma City, Oklahoma

Independent Registered Public Accounting Firm
Hein & Associates LLP
Denver, Colorado

Registrar and Transfer Agent
Computershare Trust Company, Inc.
350 Indiana Street, Suite 800
Golden, Colorado 80401

Stock Exchange
NASDAQ Global Market
NASDAQ Symbol: CRED

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