8-K

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

January 4, 2010

(Date of earliest event reported)

Callon Petroleum Company

(Exact name of registrant as specified in its charter)

Delaware	001-14039	64-0844345
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(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 8 — Other Events

Item 8.01.  Other Events

On January 4, 2010, Callon Petroleum Company announced the results of voting at a Special Meeting of Shareholders held on December 31, 2009.

Section 9 — Financial Statements and Exhibits

Item 9.01.  Financial Statements and Exhibits

  (c)  Exhibits

Exhibit Number	Title of Document
99.1 Press release dated January 4, 2010

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
January 4, 2010	By:	/s/ B. F. Weatherly
		B.F. Weatherly
		Executive Vice President and
		Chief Financial Officer

Exhibit Index

Exhibit Number	Title of Document
99.1Press release dated January 4, 2010

EX-99.1

 Exhibit 99.1

For further information contact

Rodger W. Smith, 1-800-451-1294

FOR IMMEDIATE RELEASE

Callon Petroleum Company Announces Results of

Special Meeting of Shareholders on December 31, 2009

Natchez, MS (January 4, 2010)--Callon Petroleum Company (NYSE: CPE) today announced that at a Special Meeting of Shareholders held on December 31, 2009, shareholders approved an amendment to Article Four of the company’s Certificate of Incorporation which increases the number of authorized shares of the company’s common stock from 30,000,000 shares to 60,000,000 shares.  Also approved by the company’s shareholders was a proposal to issue shares of the company’s common stock upon conversion of the company’s convertible preferred stock.

An amendment to the Certificate of Incorporation reflecting the increase in authorized shares was effective on December 31, 2009. According to the terms of its certificate of designations, the convertible preferred stock was automatically converted into shares of the company’s common stock at a rate of 10 shares of common stock per share of convertible preferred stock for an aggregate of 3,108,020 shares of common stock.  As of December 31, 2009 and after taking into effect the conversion, the company had approximately 28.7 million shares of common stock outstanding.

Callon Petroleum Company is engaged in the acquisition, development, exploration and operation of oil and gas properties primarily in the Gulf Coast region.  Callon’s properties and operations are geographically concentrated in Louisiana, Texas and the offshore waters of the Gulf of Mexico.

It should be noted that this news release contains 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 statements include proved reserve estimates, future development opportunities and expectations regarding closing of the transaction, and reflect the company’s current views with respect to future events.  No assurances can be given, however, that these events will occur 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 Securities and Exchange Commission, including our Annual Reports on Form 10-K, available on our website or the SEC’s website at www.sec.gov.