Callon Logs Gas Sands At Main Pass Block 26.NATCHEZ Natchez, city, United States Natchez, city (1990 pop. 19,460), seat of Adams co., SW Miss., on bluffs above the Mississippi River; settled 1716, inc. 1803. , Miss.--(BUSINESS WIRE)--Aug. 25, 1998--Callon Petroleum Company (NYSE NYSE See: New York Stock Exchange :CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment ) (NYSE:CPE.PrA) announced today that its State Lease 15827 No. 1 well at Main Pass Block 26 was drilled to a total depth of 10,450 feet and encountered 45 feet of net natural gas pay over a gross interval from 10,084 feet to 10,218 feet. The well lies approximately 2.6 miles north of Callon's existing flowline tie-in at Main Pass Block 31. Callon is the operator and has a 97 percent working interest in the well. This is the company's third well drilled in the Breton Sound Breton Sound is a sound and a part of the coastline of the U.S. state of Louisiana; it is near Lake Pontchartrain. Two ships in the United States Navy have been named the USS Breton after this area. / Main Pass area during the third quarter of this year. On August 5th the company announced a natural gas discovery at the Romeo y Julieta Romeo y Julieta can refer to:
Callon Petroleum Company has been engaged in the exploration, development, acquisition and operation of oil and gas properties in the Gulf Coast region since 1950. This news release contains projections and other forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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.
CONTACT: Callon Petroleum Company, Natchez
John S. Weatherly, 800/451-1294,
http://www.callon.com
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