CREDO PETROLEUM CORP <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.
 Reuter
