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