Callon Management to Meet with Colorado, California Institutional Investors

NATCHEZ, Miss.--

Callon Petroleum Company (NYSE: CPE) announced today that Fred L. Callon, Chairman and Chief Executive Officer, and Bob F. Weatherly, Executive Vice President and Chief Financial Officer, will meet with institutional investors in Denver on Tuesday, June 26, and with institutional investors in Los Angeles and San Francisco on Wednesday and Thursday, June 27 and 28, respectively. Discussions will center upon the company's recent acquisition of BP's 80% interest in the Entrada oil and gas field, located in deepwater Gulf of Mexico (GOM), as well as the company's GOM growth strategy.

The corporate presentation which will be used during these meetings may be accessed over the internet through the Presentations Section of the company's website at www.callon.com beginning tomorrow and will be archived there for subsequent review.

Callon Petroleum Company is engaged in the exploration, development, acquisition and operation of oil and gas properties primarily in the Gulf Coast region. Callon's properties and operations are geographically concentrated in Louisiana, Alabama and the offshore waters of the Gulf of Mexico.

It should be noted that 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. Some of the factors which could affect our future results and could cause results to differ materially from those expressed in our forward-looking statements are discussed in our filings with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, available on our website or the SEC's website at www.sec.gov.

Source: Callon Petroleum Company