Corporate Profile

Credo Petroleum Corporation is an independent exploration and production company focused on adding oil and gas reserves through the drill bit and through the application of the company’s patented fluid lift technology known as the Calliope Gas Recovery SystemTM. The company’s core operating areas are in the Mid-Continent and Rocky Mountain Regions of the United States.  Credo’s drilling program is focused on increasing oil reserves and production primarily in Central Kansas, where we have developed a successful and repeatable exploration model, and in the Bakken/Three Forks formations – the premier oil resource play in North America. 

Credo is building momentum in oil plays because we expect oil to continue to maintain a significant price advantage over natural gas.


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.

    2009       2008    
Fiscal Quarter
Ended
  High   Low     High   Low  
Jan. 31 $ 10.21 $ 7.86   $ 10.37 $  7.95  
April 30   9.53    6.73     11.36    8.57  
July 31   12.87    8.08      18.04   9.93  
Oct. 31   12.90    9.72      11.06    6.03  

At January 12, 2010, the company had 2,324 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
Marlis E. Smith, Jr.
President & Chief Executive Officer

Alford B. Neely
Vice President & 
Chief Financial Officer

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
Ernst & Young  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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