Credo Petroleum Corporation Balance Sheet

Quarterly: January 2012 - October 2009 Previous Quarters
Annual

Assets	2012-01	2011-10	2011-07	2011-04	2011-01	2010-10	2010-07	2010-04	2010-01	2009-10
Cash & Short Term Investments	2.165M	4.80M	5.60M	5.094M	8.869M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Receivables	5.802M	4.05M	3.059M	3.665M	2.537M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Inventory						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Prepaid Expenses						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Current Assets	0.46M	0.221M	0.835M	0.26M	0.755M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Current Assets	8.427M	9.071M	9.494M	9.019M	12.16M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Gross Property, Plant & Equipment	118.83M	110.90M	103.42M	101.43M	97.23M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Accumulated Depreciation	62.83M	61.05M	59.38M	58.24M	57.21M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Net Property, Plant & Equipment	56.00M	49.85M	44.04M	43.19M	40.02M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Long Term Investments						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Goodwill & Intangibles	3.033M	3.142M	3.251M	3.36M	3.469M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Long Term Assets	0.122M	0.097M	0.07M	0.076M	0.077M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Long Term Assets	60.96M	54.85M	49.03M	48.20M	45.42M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Assets	69.38M	63.92M	58.52M	57.22M	57.58M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Liabilities	2012-01	2011-10	2011-07	2011-04	2011-01	2010-10	2010-07	2010-04	2010-01	2009-10
Current Portion of Long Term Debt						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Accounts Payable	10.67M	6.933M	1.437M	2.918M	4.664M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Accrued Expenses	0.042M	0.246M	0.284M	0.35M	0.365M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Deferred Revenues						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Current Liabilities	0.472M		0.31M	1.096M	0.439M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Current Liabilities	12.38M	8.248M	4.613M	5.392M	6.338M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Long Term Debt						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Shareholder's Equity	2012-01	2011-10	2011-07	2011-04	2011-01	2010-10	2010-07	2010-04	2010-01	2009-10
Deferred Income Tax	4.977M	4.524M	3.942M	3.319M	3.206M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Long Term Liabilities	1.12M	1.213M	1.365M	1.625M	1.425M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Long Term Liabilities	6.097M	5.737M	5.307M	4.944M	4.631M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Liabilities	18.47M	13.98M	9.92M	10.34M	10.97M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Common Shares Outstanding	10.04M	10.04M	10.04M	10.04M	10.04M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Preferred Stock						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Common Stock, Net	1.066M	1.066M	1.066M	1.066M	1.066M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Additional Paid-in Capital	31.56M	31.55M	31.53M	31.52M	31.50M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Retained Earnings	22.94M	21.98M	20.66M	18.95M	18.69M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Treasury Stock	4.654M	4.654M	4.654M	4.654M	4.654M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Shareholder's Equity						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Shareholder's Equity	50.91M	49.94M	48.60M	46.88M	46.61M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Liabilities & Shareholder's Equity	69.38M	63.92M	58.52M	57.22M	57.58M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro