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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 13, 2007 (March 15, 2007)
CREDO Petroleum Corporation
(Exact name of registrant as specified in its charter)
         
Colorado   0-8877   84-0772991
 
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)
         
1801 Broadway, Suite 900 Denver, Colorado     80202
 
(Address of principal executive offices)     (Zip Code)
Registrant’s telephone number, including area code: (303) 297-2200
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240-14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Item 2.02   Results of Operations and Financial Condition
 
    On March 13, 2007, the Company reported a 20% decline in first quarter 2007 earnings from first quarter earnings 2006 and production increase of 21% to a first quarter record. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
Item 8.01   Other Events
 
    On March 13, 2007, CREDO Petroleum Corporation updated natural gas hedging for 2006 and 2007. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
 
Item 9.01   Financial Statements and Exhibits
       (c)   Exhibits
       99.1   Press Release
 
       99.2   Press Release
 
SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
             
    CREDO PETROLEUM CORPORATION    
    (Registrant)    
 
            
Date: March 15, 2007
  By:   /s/ Alford B. Neely    
 
           
 
      Alford B. Neely    
 
      Manager of Regulatory Compliance    

 

 

Exhibit Index
       
No.   Description
99.1
  Press Release
 
      
99.2
  Press Release