Credo petroleum corp (CRED)
Income statement / Yearly
Oct'11Oct'10Oct'09
Oil sales

12,599

6,855

5,953

Natural gas sales

4,168

4,711

4,114

Total sales

16,767

11,566

10,067

Oil and natural gas production

4,034

3,192

3,260

Depreciation, depletion and amortization

5,191

3,602

4,439

Write-down of oil and natural gas properties and impairment of long lived assets

-

-

24,653

General and administrative

2,675

2,107

3,250

Total costs and expenses

11,900

8,901

35,602

Income from operations

4,867

2,665

-25,535

Realized and unrealized gain (loss) from derivative contracts

-183

42

2,079

Investment and other income

58

108

-59

Total other income and (expense)

-125

150

2,020

Income before income taxes

4,742

2,815

-23,515

Income taxes

1,289

612

-9,061

Net income

3,453

2,203

-14,454

Earnings per share of Common Stock-Basic (in dollars per share)

0.34

0.22

-1.40

Earnings per share of Common Stock-Diluted (in dollars per share)

0.34

0.22

-1.40

Basic (in shares)

10,042

10,183

10,326

Diluted (in shares)

10,074

10,202

10,326