FOR IMMEDIATE RELEASE
For further information contact John Weatherly, CFO 1-800-451-1294
Natchez, MS (June 17, 2002) -- Callon Petroleum Company (NYSE: CPE/CPE.PrA) announced today that its Board of Directors authorized quarterly dividends to be paid July 15, 2002 to shareholders of record on June 28, 2002 of its $2.125 Convertible Exchangeable Preferred Stock, Series A.
The dividend will be $0.53125 per share.
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.