For further information contact
John Weatherly, CFO 1-800-451-1294
FOR
IMMEDIATE RELEASE
Callon Petroleum Company Declares Preferred Stock Dividend
Natchez, MS (September 27, 2004) — Callon Petroleum Company (NYSE: CPE/CPE.PrA) announced today that its Board of Directors authorized quarterly dividends to be paid October 15, 2004 to shareholders of record on September 30, 2004 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
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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