CORPORATE DATA

Board of Directors

Fred L. Callon
Chairman and Chief Executive Officer

B.F. Weatherly
Executive Vice President and
Chief Financial Officer

L. Richard Flury
Former Chief Executive
Gas, Power & Renewables (Retired)
British Petroleum plc

Larry D. McVay
Chief Operating Officer - TNK-BP (Retired)
Special Projects Consultant - British Petroleum plc

John C. Wallace
Chairman, Fred. Olsen Ltd.
London, England

Richard O. Wilson
Offshore Consultant
Houston, Texas

Officers of the Company

Fred L. Callon
Chairman and Chief Executive Officer

B.F. Weatherly
Executive Vice President and
Chief Financial Officer

Mitzi P. Conn
Controller

Robert A. Mayfield
Corporate Secretary

Thomas E. Schwager
Vice President, Engineering and Operations

H. Clark Smith
Chief Information Officer

Rodger W. Smith
Vice President, Treasurer

Stephen F. Woodcock
Vice President, Exploration

 

Transfer Agent and Registrar

American Stock Transfer & Trust Company
59 Maiden Lane, Plaza Level
New York, NY 10273
(718) 921-8200

Legal Counsel

Haynes and Boone, LLP
Houston, Texas

Simon, Peragine, Smith & Redfearn
New Orleans, Louisiana

Independent Registered
Public Accounting Firm

Ernst & Young LLP
New Orleans, Louisiana

Banks

Union Bank of California N.A.
San Francisco, California

AmSouth Bank
Jackson, Mississippi

Corporate Offices

Callon Headquarters Building
200 North Canal Street
Natchez, Mississippi 39120

Map To:
Callon Petroleum - Natchez, MS Office

Callon Petroleum Company
1200 Enclave Parkway, Suite 225
Houston, Texas 77077

Map To:

Callon Petroleum - Houston Texas Office

2006 Annual Report

The Annual Report and the statements contained in it are submitted for the general information of the shareholders of Callon Petroleum Company. The information is not presented in connection with the sale or the solicitation of any offer to buy any securities, nor is it intended to be a representation by the Company of the value of its securities. If you have questions regarding this Annual Report or the Company, or would like additional copies of the report, please contact our Investor Relations Department at 200 North Canal Street, Natchez, MS 39120 (601) 442-1601. Security analysts and investment professionals should direct inquiries to B. F. Weatherly, Executive Vice President and Chief Financial Officer, Callon Petroleum Company, 200 North Canal Street, Natchez, MS 39120, (601) 442-1601, (601) 446-1410 (fax).

Form 10-K

The Company’s annual report on Form 10-K has been incorporated into the Annual Report. Extra copies of the Form 10-K  may be obtained upon written request to Rodger W. Smith at the address above.

Common Stock Dividend Policy

It is anticipated that all available funds will be reinvested in the Company’s business activities. Therefore, the Company does not anticipate paying cash dividends on its common stock for the foreseeable future.

Market for Common Stock

Effective April 22, 1998, the Company’s Common Stock began trading on the New York Stock Exchange under the symbol “CPE.”

Notice of Annual Shareholders’ Meeting

The Annual Meeting of Shareholders will be held Thursday, May 3, 2007 at 9:00 a.m. in the St. Louis Room of the Natchez Convention Center, 211 Main Street, Natchez, MS 39120. Information with respect to this meeting is contained in the Proxy Statement sent to shareholders of record on March 19, 2007. The 2006 Annual Report is not to be considered a part of the proxy soliciting materials.

Callon Home Page -- www.callon.com

The Company has a homepage on the internet, www.callon.com. It contains news releases, corporate governance materials, the annual report, recent investor presentations, stock quotes and links to SEC filings.