CREDO PETROLEUM CORP CRED Income Statement

Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Jul'10
Oil sales
19,873	17,540	15,395	12,599	10,400	0	0	0
Natural gas sales
3,131	3,590	3,943	4,168	4,323	0	0	0
Total sales
23,004	21,130	19,338	16,767	14,723	0	0	0
Oil and natural gas production
4,662	4,427	4,389	4,034	3,715	0	0	0
Depreciation, depletion and amortization
7,971	6,888	6,093	5,191	4,326	0	0	0
General and administrative
4,193	3,164	2,955	2,675	2,526	0	0	0
Total costs and expenses
16,826	14,479	13,437	11,900	10,567	0	0	0
Income from operations
6,178	6,651	5,901	4,867	4,156	0	0	0
Realized and unrealized gain (loss) from derivative contracts
321	589	-3	-183	-632	0	0	0
Investment and other income
6	2	34	58	64	0	0	0
Total other income and (expense)
327	591	31	-125	-568	0	0	0
Income before income taxes
6,505	7,242	5,932	4,742	3,588	0	0	0
Income taxes
2,165	2,123	1,686	1,289	902	0	0	0
Net income
4,340	5,119	4,246	3,453	0	0	0	-
Net income
-	-	-	-	-	-	-	0
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