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CREDO Updates Drilling Activities.
New Wells Placed on Production in Oklahoma and South Texas
Drilling Scheduled on Seven Prospects DENVER -- CREDO Petroleum Corporation (NASDAQ: CRED) today provided an operational update regarding its fiscal 2007 drilling activities. Oklahoma and Texas Panhandle--CREDO drills primarily on its significant Northern Anadarko Basin acreage inventory totaling over 75,000 gross acres. Wells generally target the Morrow, Oswego and Chester formations between 7,000 and 11,000 feet. Three wells have recently been complete...See the full content of this document
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