For further information contact
John Weatherly, CFO
1-800-451-1294
FOR IMMEDIATE RELEASE
Callon
Petroleum Company
Declares
Preferred Stock Dividend
Natchez, MS (December 16, 2003)
-- Callon Petroleum Company (NYSE: CPE/CPE.PrA)
announced today that its Board of Directors authorized quarterly dividends to
be paid January 15, 2004 to shareholders of record on December 31, 2003 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
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