Callon Petroleum Company (Callon) is engaged in the exploration, development, acquisition and production of oil and gas properties. In September 2009, the Company acquired a 70% working interest in a 577-acre unit in the heart of the Haynesville Shale play in Bossier Parish, Louisiana. On October 28, 2009, the Company completed the acquisition of proved oil and gas property interests in Wolfberry play located in Crockett, Ector, Midland and Upton Counties, Texas from Ambrose Energy I, Ltd., a subsidiary of ExL Petroleum, LP. As of December 31, 2009, the Company+IBk-s estimated net proved reserves totaled 58 billion cubic feet of natural gas equivalent (Bcfe) and included 6.5 million barrels of oil (MMBbls) and 19.1 billion cubic feet (Bcf).
Financial Summary - Last Updated 08/20/10
BRIEF: For the six months ended 30 June 2010, Callon Petroleum Company's revenues decreased 10% to $45M. Net income totaled $6.1M up from $1.5M. Revenues reflect a decrease in income from gas sales. Net income was offset by a fall in interest expenses, an increase in other income, lower depreciation & amortization costs, a decrease in accretion expense and the absence of callon entrada non-recourse credit facility interest expense.
Previous Two SEC Filings
Fiscal Dt
Fiscal Year
Q
First Updated
06/30/10
2010
2
08/21/10
06/30/10
2010
1
08/07/10
Pricing Data
52 Week Change
+165.56%
52 Week Change Relative to SP500
+159.08%
52 Week High
$8.80
Last Close
$4.01
52 Week Low
$1.36
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