For further information contact:
John Weatherly, CFO 1-800-451-1294
FOR IMMEDIATE RELEASE
Natchez, MS (September 16, 2002) -- Callon Petroleum Company (NYSE: CPE/CPE.PrA) announced today that its Board of Directors authorized quarterly dividends to be paid October 15, 2002 to shareholders of record on September 30, 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.
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