FOR IMMEDIATE RELEASE

Callon Petroleum Company to Webcast Third Quarter 2001 Conference Call

 

Natchez, MS (November 7, 2001)--Callon Petroleum Company (NYSE: CPE/CPE.PrA) today announced that its conference call reporting third quarter results will be accessible live on the Internet. The call is scheduled for Thursday, November 8, 2001 at 10 a.m. Central Standard Time.

 To access the call, log onto www.callon.com. Click on the icon/bar for “Investor Info” found on the left side of the homepage.  Then, click on the icon for "Webcast Powered by ccbn.com."  Windows Media Player software is required to hear the call. It may be downloaded free by clicking on the icon for "Get Windows Media Player."

 Those unable to listen to the actual teleconference may access a recording of it at any time between Noon Thursday until Noon Friday Central Standard Time. Dial 1-800-633-8284 and enter Reservation Number 19970751.

 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.

 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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For further information contact:
Terry Trovato
P.O. Box 1287
Natchez, MS  39121

(601) 442-1601
terryt@callon.com