Credo Begins Trading on NASDAQ Global Market

Credo Petroleum Corp. said Wednesday that the NASDAQ Stock Market has approved its application to upgrade its listing from the NASDAQ Capital Market to the NASDAQ Global Market. Trading of Credo's stock on the NASDAQ Global Market commenced at the market open on Wednesday under the company's current ticker symbol, "CRED."

James T. Huffman, President, said, "We are pleased that Credo meets the very high standards for listing on the NASDAQ Global Market. This is an important step that will provide increased market visibility and access to the institutional marketplace. It reflects our continued rapid growth and strong financial results."

The NASDAQ Global Market consists of over 1,450 companies that have met, and continued to meet, stringent financial and liquidity requirements and agreed to meet specific corporate governance standards.

Credo Petroleum Corporation is a publicly traded independent energy company headquartered in Denver, Colorado. The company is engaged in the exploration for and the acquisition, development and marketing of natural gas and crude oil in the Mid-Continent and Rocky Mountain regions.