CREDO Petroleum announces that CFO Alford Neely plans to retire

Credo Petroleum announced that its Chief Financial Officer, Alford B. Neely, has advised the company that he plans to retire within sixty days. On the effective date of Neely's retirement, Brian Mazeski, the company's Controller, will be promoted to Chief Accounting Officer. Mazeski, age 39, is a certified public accountant, and he worked for PriceWaterhouseCoopers from 1996 to 2001. He has subsequently been employed as Controller by several public companies and, most recently, served as Principal Accounting Officer of a public company.