For
further information contact
John
S. Weatherly, CFO 1-800-451-1294
FOR
IMMEDIATE RELEASE
Exchange
of 9.75% Senior Notes Due 2010
Natchez, MS (August 13, 2004) -- Callon
Petroleum Company (NYSE: CPE / CPE.PrA) today announced
the completion of its offer to exchange its 9.75% Senior Notes Due 2010, Series
B, that have been registered under the Securities Act of 1933, for all
outstanding 9.75% Senior Notes Due 2010, Series A. Callon exchanged with the registered holders
of its existing 9.75% Senior Notes, Series A $200,000,000 in aggregate principal amount of
the Company’s 9.75% Senior Notes, Series B for a like principal amount of
issued and outstanding existing 9.75% Senior Notes, Series A.
Callon Petroleum Company has been engaged
in the exploration, development, acquisition and production of oil and gas in
the
This
news release includes “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. All statements
other than statements of historical facts included in this news release, are forward‑looking statements. The company can give no assurances that the
assumptions upon which such forward-looking statements are based will prove to
have been correct. Important factors
that could cause actual results to differ materially from the company’s
expectations (“Cautionary Statements”) include volatility of oil and gas
prices, the markets for oil and gas, environmental regulations, the substantial
capital requirements associated with oil and gas operations and other factors
that are set forth in the company’s reports filed with the Securities and
Exchange Commission, including the company’s Form 10-K for its 2003 fiscal
year. All subsequent written and oral
forward‑looking statements attributable to the company or persons acting
on its behalf are expressly qualified by the Cautionary Statements.
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