On June 18, 2019, Callon Petroleum Company (the “Company”), announced that it has given notice for the redemption (the “Redemption”) of all outstanding shares of the Company’s 10% Series A Cumulative Preferred Stock (the “Preferred Shares”) (CUSIP: 13123X409).

The redemption date of the Preferred Shares will be July 18, 2019 (the “Redemption Date”). The Preferred Shares will be redeemed at a redemption price equal to $50.00 per share, plus accrued and unpaid dividends in an amount equal to $0.24 per share, for a total redemption price of $50.24 per share (the “Redemption Price”). On and after the Redemption Date, the Preferred Shares will no longer be deemed outstanding, dividends on the Preferred Shares will cease to accrue, and all rights of the holders with respect to such Preferred Shares will terminate, except the right of the holders to receive the Redemption Price, without interest.

As of June 18, 2019, there were 1,458,948 Preferred Shares issued and outstanding.

A copy of the press release issued on June 18, 2019 is attached hereto as Exhibit 99.1

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

CALLON PETROLEUM CO Exhibit
EX-99.1 2 exhibit991preferredredempt.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Callon Petroleum Company Announces Redemption of 10.00% Series A Cumulative Preferred StockHOUSTON,…
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About Callon Petroleum Company (NYSE:CPE)

Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin. Its asset base is concentrated in the Midland Basin located within the broader Permian Basin. Its operations are focused on horizontal drilling of several prospective intervals, including multiple levels of the Wolfcamp formation. It has drilled approximately 40 gross (over 27.1 net) horizontal, while completing approximately 30 gross (over 25.8 net) horizontal and over 1 gross (approximately 0.4 net) vertical wells. It owns leaseholds over 17,670 net acres in the Permian Basin. Its Southern Midland Basin area consists of fields located in Upton, Reagan and Crockett Counties, Texas. Its Central Midland Basin area encompasses Midland, Ector, Andrews and Martin Counties.