Callon Petroleum Co.

$CPE - NYSE - Energy
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Callon Petroleum Declares Series A Preferred Dividend


Natchez,  MS (June 4, 2013) - Callon Petroleum  Company (NYSE: CPE) ("Callon" or
the  "Company") today announced that it has declared a cash dividend of $0.43056
per share, on its 10.0% Series A Cumulative Preferred Stock ("Series A Preferred
Stock").  The dividend will be paid on July 1, 2013 to stockholders of record as
of  June 14, 2013. The Series A  Preferred Stock is currently  listed on the New
York Stock Exchange under the symbol "CPE.A."

Callon  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.

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, as  amended,  and  Section  21E of the Securities Exchange Act of
1934, as  amended.  These  projections  and  statements reflect Callon'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 SEC, including
our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, available on
our website or the SEC's website at www.sec.gov.

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



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(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#1707204]



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