CREDO PETROLEUM CORP CRED Income Statement

Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Jul'10
Oil sales
5,691	5,230	5,031	3,921	3,358	3,085	2,235	1,722
Natural gas sales
671	630	790	1,040	1,130	983	1,015	1,195
Total sales
6,362	5,860	5,821	4,961	4,488	4,068	3,250	2,917
Oil and natural gas production
1,294	1,005	1,222	1,141	1,059	967	867	822
Depreciation, depletion and amortization
2,343	1,942	1,896	1,790	1,260	1,147	994	925
General and administrative
1,849	920	765	659	820	711	485	510
Total costs and expenses
5,486	3,867	3,883	3,590	3,139	2,825	2,346	2,257
Income from operations
876	1,993	1,938	1,371	1,349	1,243	904	660
Realized and unrealized gain (loss) from derivative contracts
716	-358	-525	488	984	-950	-705	39
Investment and other income
0	1	2	3	-4	33	26	9
Total other income and (expense)
716	-357	-523	491	980	-917	-679	48
Income before income taxes
1,592	1,636	1,415	1,862	2,329	326	225	708
Income taxes
664	508	453	540	622	71	56	153
Net income
928	1,128	962	1,322	1,707	255	169	-
Net income
-	-	-	-	-	-	-	555
Earnings per share of Common Stock-Basic (in dollars per share)
0.09	0.11	0.10	0.12	0.17	0.03	0.02	0.06
Earnings per share of Common Stock-Diluted (in dollars per share)
0.09	0.11	0.10	0.12	0.17	0.03	0.02	0.06
Basic (in shares)
10,041	10,041	10,041	10,043	10,041	10,041	10,043	10,146
Diluted (in shares)
10,096	10,087	10,078	10,065	10,072	10,089	10,070	10,151