1.
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Paulson & Co. Inc.
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
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(b) [ ]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
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OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
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7.
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SOLE VOTING POWER
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21,593,523 (1)
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8.
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SHARED VOTING POWER
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0
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9.
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SOLE DISPOSITIVE POWER
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21,593,523 (1)
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10.
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SHARED DISPOSITIVE POWER
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0
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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21,593,523 (1)
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ] |
13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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9.5%
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14.
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TYPE OF REPORTING PERSON
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IA,
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Item 4. |
Purpose of Transaction.
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Item 7. |
Material to be Filed as Exhibits.
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Ex. 99.5 |
Press Release, dated as of November 6, 2019, issued by Paulson & Co. Inc.
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PAULSON & CO. INC.
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By:
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/s/ Michael D. Waldorf
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Name:
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Michael D. Waldorf
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Title:
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Authorized Signatory
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• |
Reducing G&A costs, which have risen by over $12 million for the first nine months of 2019 versus 2018;
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• |
Focusing its SIMOPS mega-pad development on its extensive stand-alone acreage;
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• |
Delivering on generating true corporate-level free cash flow organically starting in the fourth quarter of this year assuming $50/bbl, as previously guided (page 14 of its February 26, 2019 presentation); and
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• |
Engaging new, independent advisors to pursue a sale of Callon.
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