For further information contact

John Weatherly, CFO 1-800-451-1294

FOR IMMEDIATE RELEASE

Callon Petroleum Company To Make Presentation At IPAA Oil and Gas Investment Symposium

Natchez, MS (April 14, 2005) — Callon Petroleum Company (NYSE: CPE/CPE.PrA) announced today that Chairman and Chief Executive Officer Fred L. Callon is scheduled to make a presentation at the Independent Petroleum Association of America’s (IPAA) Oil and Gas Investment Symposium at 9:35 a.m. EDT Tuesday, April 19, 2005.

The presentation will be webcast live from the internet site http://www.vcall.com/EventPage.asp?ID=91276. The presentation can also be accessed via a link on the presentations page of the Callon Petroleum Company website www.callon.com and will be archived on the Callon website thereafter.

Windows Media Player software is required to access the presentation. It may be downloaded free from the Callon website by clicking on the icon “Get Windows Media Player."

Callon Petroleum Company has been engaged in the exploration, development, acquisition and production of oil and gas in the Gulf Coast region since 1950. Callon’s properties and operations are geographically concentrated in the offshore waters of the Gulf of Mexico.

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.

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