Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  RCH Energy Opportunity Fund III, LP
 2. Date of Event Requiring Statement (Month/Day/Year)
07/03/2008		 3. Issuer Name and Ticker or Trading Symbol
CREDO PETROLEUM CORP [CRED]
(Last)
(First)
(Middle)
3953 MAPLE AVENUE, SUITE 180		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DALLAS, TX 75219		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 687,000 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
RCH Energy Opportunity Fund III, LP
3953 MAPLE AVENUE, SUITE 180
DALLAS, TX 75219		     X    
RCH Energy Opportunity Fund III GP, LP
3953 MAPLE AVENUE, SUITE 180
DALLAS, TX 75219		     X    

Signatures

RCH ENERGY OPPORTUNITY FUND III GP, L.P. By: RR Advisors, LLC, its general partner By: /s/ Robert J. Raymond Sole Member 04/07/2011
**Signature of Reporting Person Date
RCH ENERGY OPPORTUNITY FUND III, L.P. By: RCH Energy Opportunity Fund III GP, L.P., its general partner By: RR Advisors, LLC, its general partner By: /s/ Robert J. Raymond Sole Member 04/07/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) RCH Energy Opportunity Fund III, L.P. ("RCH Fund III") directly beneficially owns all of the securities identified herein. RCH Energy Opportunity Fund III GP, L.P. ("RCH Fund III GP") may be deemed to indirectly beneficially own such securities because RCH Fund III GP is the general partner of RCH Fund III. At the time of the transaction, RCH Fund III and RCH Fund III GP may have been deemed to constitute a Section 13(d) group with respect to the issuer with Robert J. Raymond, RR Advisors, LLC, RCH Energy Opportunity Fund II, L.P. and RCH Energy Opportunity Fund II GP, L.P. Each member of such group disclaims beneficial ownership of such securities except to the extent of their respective pecuniary interest therein, and nothing in this report shall be deemed an admission of beneficial ownership of such securities for purposes of Section 16 or for any other purpose.

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