Callon Petroleum Company Announces New Vice President, Production and Development

NATCHEZ, Miss.-- Callon Petroleum Company (NYSE: CPE) has announced that Gary Newberry has joined the company as Vice President, Production and Development effective today. He will be responsible for all of Callon's production operations, engineering, and development activity.

Newberry joins Callon after 33 years with Marathon Oil Company, where his production operations, drilling, and project execution experience in the Gulf of Mexico, the Permian Basin and in unconventional gas will significantly contribute to the company's property portfolio and development activity in the Permian Basin and the Haynesville Shale.

Callon Petroleum Company is engaged in the acquisition, development, exploration and operation of oil and gas properties in Louisiana, Texas, 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

Released April 1, 2010