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Fortune Small Business Magazine Ranks CREDO among America's 100 Fastest-Growing Small Businesses

SB Informer
Thursday, June 29, 2006; 08:15 AM

CREDO Petroleum Corporation announced that, for the fourth consecutive year, Fortune Small Business magazine has ranked the company as one of America's 100 fastest-growing small companies. In 2006, CREDO ranked 23rd out of the 100 companies included in the ranking. The list appears in the July-August issue of FSB and is available online at FSB.com.

To compile the annual list, Fortune Small Business ranks public companies with revenues less than $200 million and a stock price of more than $1.00, excluding banks and real estate companies. The rankings are based on three-year annual growth rates for earnings, revenue and stock performance. According to FSB, CREDO's three-year annual growth rate is 66% for total return to shareholders, 43% for earnings and 34% for revenues. CREDO is the only oil and gas company that has made the FSB 100 list in each of the past four years. In 2005, CREDO ranked 39th and it ranked 47th in both 2004 and 2003.

In addition to this recognition by FSB, CREDO has also been recognized by Forbes Magazine and John S. Herold, Inc. for outstanding performance. In both 2001 and 2004, Forbes Magazine selected CREDO as one of its "200 Best Small Companies." In each of the last four years, John S. Herold, Inc. has recognized CREDO as one of the most profitable oil and gas companies in the world on a per unit of production basis.

James T. Huffman, President, said, "Each of these organizations uses a different methodology to evaluate the performance of public companies. We are particularly pleased because CREDO's record of excellence has been recognized based on a variety of performance metrics that span a six-year period."

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