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0000950134-05-018604.txt : 20050930 0000950134-05-018604.hdr.sgml : 20050930 20050930110905 ACCESSION NUMBER: 0000950134-05-018604 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050929 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050930 DATE AS OF CHANGE: 20050930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CALLON PETROLEUM CO CENTRAL INDEX KEY: 0000928022 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 640844345 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14039 FILM NUMBER: 051112996 BUSINESS ADDRESS: STREET 1: 200 N CANAL ST CITY: NATCHEZ STATE: MS ZIP: 39120 BUSINESS PHONE: 6014421601 MAIL ADDRESS: STREET 1: 200 N CANAL ST CITY: NATCHEZ STATE: MS ZIP: 39120 FORMER COMPANY: FORMER CONFORMED NAME: CALLON PETROLEUM HOLDING CO DATE OF NAME CHANGE: 19940805 8-K 1 d29106e8vk.htm FORM 8-K e8vk

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report
September 29, 2005
(Date of earliest event reported)

Callon Petroleum Company

(Exact name of registrant as specified in its charter)


Delaware (State or other jurisdiction of incorporation or organization)		001-14039 (Commission File Number)		64-0844345 (I.R.S. Employer Identification Number)

200 North Canal St.
Natchez, Mississippi 39120
(Address of principal executive offices, including zip code)

(601) 442-1601
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

	o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

	o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

	o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

	o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 7 — Regulation FD

Item 7.01. Regulation FD Disclosure

The following information, including the press releases attached as exhibit 99.1, is being furnished pursuant to Item 7.01 “Regulation FD Disclosure,” not filed, for purposes of Section 18 of the Exchange Act. This information shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

On September 29, 2005, Callon Petroleum Company issued the press release attached as Exhibit 99.1 announcing information with respect to damages from Hurricane Rita upon its principle production facilities in the Gulf of Mexico.

Section 9 — Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits


Exhibit Number		Title of Document
99.1		Press release dated September 29, 2005 providing information with respect to damages from Hurricane Rita upon its principle production facilities in the Gulf of Mexico.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	Callon Petroleum Company
September 30, 2005	By:	/s/ Fred L. Callon
		Fred L. Callon
		President and Chief Executive Officer

Exhibit Index


Exhibit Number		Title of Document
99.1		Press release dated September 29, 2005 providing information with respect to damages from Hurricane Rita upon its principle production facilities in the Gulf of Mexico.

EX-99.1 2 d29106exv99w1.htm PRESS RELEASE exv99w1


For further information contact Terry Trovato 1-800-451-1294		Exhibit 99.1

FOR IMMEDIATE RELEASE

Callon Petroleum Company Reports Impact of Hurricane Rita

Natchez, MS (September 29, 2005)—Callon Petroleum Company (NYSE: CPE) reported today the effect of Hurricane Rita upon its principle production facilities in the Gulf of Mexico.

All of the company’s offshore drilling and production activities in the Gulf of Mexico were suspended as of the middle of last week. All employees and contract personnel were safely evacuated prior to the storm.

Medusa Field – Based upon preliminary inspections, only minimal damage has been sustained as a result of Hurricane Rita. As previously reported, Medusa sustained only minimal damage as a result of Hurricane Katrina last month but had not resumed production prior to Hurricane Rita. The resumption of production at Medusa is contingent upon third-party pipelines and processing facilities being put back into service. As a result, we do not yet have an estimate as to when production will resume. Callon owns a 15% working interest.

Habanero Field – The Company’s Habanero Field is produced through the Auger production facility operated by Shell Exploration & Production Company. The Auger facility was re-manned on September 26, 2005 after it was determined that it had experienced only minimal damage from Hurricane Rita. As announced previously, it was not damaged by Hurricane Katrina. Downstream facilities are still being evaluated, but it is anticipated that limited production should resume within the next 10 days. Callon owns an 11.25% working interest.

Mobile Bay Area – As reported previously, production facilities at Mobile Blocks 864, 952 and 955 incurred only minor damage from Hurricane Katrina. The area was not affected by Hurricane Rita. The Mobile Block 864 Unit was re-manned on September 26, 2005, and production resumed later that day. The platform at Mobile Block 952 was re-manned September 27, 2005 and production resumed that night. Because of the two consecutive hurricanes, the platform at Mobile Block 955 is still awaiting the availability of equipment needed to make repairs. Callon owns a 66.4% working interest in the Mobile Block 864 Unit and a 100% working interest in Mobile Blocks 952 and 955.

High Island Block 119 Field – As reported previously, the production platform was not affected by Hurricane Katrina. It experienced only minimal damage from Hurricane Rita, but a return to production will be dependent upon pipeline integrity downstream. Callon owns a 22.2% working interest.

“We are very fortunate that our major production facilities remained intact through these two horrific and catastrophic storms,” explains Fred Callon, Chairman and CEO. “However, due to the downtime from being shut in prior to and during the storms and continuing down-stream distribution difficulties at Medusa, our overall production for the third and fourth quarters will be reduced from previously anticipated estimates. We will provide additional information and guidance as the impact from Hurricane Katrina and Hurricane Rita is further quantified.”

Callon Petroleum Company has been engaged in the exploration, development, acquisition and production of oil and gas in the Gulf Coast region since 1950. Callon’s properties and operations are geographically concentrated in the offshore waters of the Gulf of Mexico.

This news release contains projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’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.