July 23, 2012 - 5:30 PM EDT
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Callon Petroleum Company Announces Second Quarter 2012 Reporting Date and Upcoming Investor Events

Natchez, MS (July 23, 2012) - Callon Petroleum Company (NYSE: CPE) today announced that management plans to release second quarter 2012 earnings and participate in an upcoming investor event:

Second Quarter 2012 Earnings Release and Webcast

Callon Petroleum Company plans to release its second quarter 2012 financial and operating results after the market closes on Thursday, August 8, 2012. The Company will host a conference call to discuss results on Friday, August 9, 2012 at 11:00 a.m. Eastern time (10:00 a.m. Central time).

Please join Callon Petroleum Corporation via the Internet for a webcast of the conference call:

Date/Time: Friday, August 9, 2012 at 11:00 a.m. Eastern time (10:00 a.m. Central time)
Webcast: Live and archived webcast available at www.callon.com in the "Investors" section of the website.

Alternatively, you may join by telephone:

Call-in Number: 1-877-317-6789 (Toll-free)

An archive of the conference call webcast will also be available at www.callon.com in the "Investors" section of the website.

Enercom Oil & Gas Conference

Chairman, Chief Executive Officer and President Fred Callon will present at the Enercom Oil & Gas Conference on August 15, 2012 at 2:20 p.m. Mountain time. The live and archived webcast and will be accessible on Callon's website at www.callon.com in the "Investors" section.

Callon Petroleum Company is engaged in the acquisition, development, exploration and operation of oil and gas properties in Texas, Louisiana and the offshore waters of the Gulf of Mexico.

This news release is posted on the company's website at www.callon.com and will be archived there for subsequent review. It can be accessed from the "News Releases" link on the top of the homepage.

For further information contact
Rodger W. Smith, 1-800-451-1294





This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Callon Petroleum Company via Thomson Reuters ONE

HUG#1627459


Source: Thomson Reuters ONE (July 23, 2012 - 5:30 PM EDT)

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