Callon Petroleum Prices Common Stock Offering

Callon Petroleum Company (NYSE:CPE) (NYSE:CPE.PrA) has priced an offering of 3 million shares of common stock at $13.25 per share. The offering was underwritten by Johnson Rice & Company L.L.C. Callon has granted the underwriter an overallotment option to purchase an additional 450,000 shares.

A copy of the prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained from Johnson Rice & Company L.L.C., 639 Loyola Avenue, Suite 2775, New Orleans, LA 70113.

Closing of the common stock offering is expected to occur on June 22.

The company intends to use the net proceeds of the common stock offering for general corporate purposes, including repayment of debt.