Natchez, MS (February 28, 2001) --Callon Petroleum Company ( NYSE: CPE / CPE.PrA) announced today it has acquired a 50 percent interest in a partnership which has access to 700 blocks of Fairfield Industries 3-D seismic data over the shallow waters of the Gulf of Mexico. Others in the partnership are Gulfstar Energy, Cheyenne Petroleum Company and Range Resources.
As program manager, Callon will be responsible for generating prospects and will operate wells in which the partners own a substantial interest.
Callon Petroleum Company has been engaged in the exploration, development, acquisition and operation of oil and gas properties in the Gulf Coast region since 1950.
This news release contains projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved and actual results could differ materially from those projected as a result of certain factors.
For further information contact: Terry Trovato P.O. Box 1287 Natchez, MS 39121 (601) 442-1601terryt@callon.com