Callon Petroleum

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Address
1200 Enclave Parkway
Suite 225
Houston
Texas 77077
Tel (601) 442 1601
Fax (601) 442 1410
Web http://www.callon.com

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Capex

Callon has set a 2007 capital expenditure budget of $125 million. The company anticipates that cash flow generated during 2007 will fully fund this budget.

Production

Callon's reported average production of 56.9 million cubic feet of natural gas equivalent per day (MMcfe/d) in 2006.

Reserves

Callon Petroleum ended 2006 with estimated net proved reserves of 66.0 billion cubic feet of natural gas and 13.3 million barrels of oil, or 145.6 billion cubic feet of natural gas equivalent (Bcfe), a reduction of 43.0 Bcfe versus 2005 year-end proved reserves of 188.6 Bcfe.

Who's Who

Fred L. Callon
Chairman and Chief Executive Officer
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Robert A. Mayfield
Corporate Secretary
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Thomas E. Schwager
Vice President, Engineering and Operations
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H. Clark Smith
Chief Information Officer
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Rodger W. Smith
Corporate Controller and Treasurer
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B.F. Weatherly
Executive Vice President and
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Stephen F. Woodcock
Vice President, Exploration
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Offices

United States
Head Office
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United States
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