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Timothy Smith

08/23/12 1:45 AM

#19 RE: Alice-N-Wonderland #18

CREDO Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and marketing of crude oil and natural gas properties in the Mid-Continent and Rocky Mountain regions of the United States.

It operates projects in Texas, Kansas, Wyoming, Colorado, Nebraska, Oklahoma, and North Dakota. The company also owns the patents covering its Calliope Gas Recovery System, to recover stranded reserves from depleted gas reservoirs.

It operates approximately 108 wells, as well as owns working interests in 337 producing wells and overriding royalty interests in approximately 1,200 wells.