CREDO PETROLEUM CORP &lt;CRED> 1ST QTR JAN 31 NET

  Shr profit one ct vs loss 27 cts
      Net profit 22,000 vs loss 763,000
      Revs 161,000 vs 316,000
      NOTE: Prior year net includes 1,209,000 dlr writedown of
  oil properites and 314,000 dlr tax credit.
  

