For further information contact

Carl Sayers 1-800-451-1294

 

                                    FOR IMMEDIATE RELEASE

 

Callon Petroleum Company Named

‘SAFE’ Award Winner

 

            Natchez, MS (April 14, 2005) -- Callon Petroleum Company (NYSE: CPE/CPE.PrA) announced today it has been chosen by the United States Department of the Interior’s Minerals Management Service (MMS) as the winner of the 2004 New Orleans District Safety Award for Excellence (SAFE) Award in the Moderate Operator Category.

 

            In addition, Callon has been named by the MMS as a finalist for the National SAFE Award in the Moderate Operator Category, to be announced in Houston at the Annual MMS Industry Awards Banquet April 26, 2005.

 

            The MMS SAFE Award Program recognizes exemplary performance by Gulf of Mexico Outer Continental Shelf (OCS) exploration and production operators and contractors.

 

In naming this year’s winners, MMS Regional Director Chris Oynes, Gulf of Mexico OCS Region, noted "The winners of the District SAFE Awards have set very high standards for safety by their technical accomplishments and commitment to protection of their workers while conducting offshore oil and natural gas operations on the federal OCS. Sound safety procedures and practices are as important as maintaining environmental integrity.”  

 

Oynes added that "These industry leaders are setting standards for others to match.  Their overall performance demonstrates that we can produce offshore energy resources in a safe manner."

 

            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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