Callon Petroleum Company files registration statement with SEC for $15 million of Senior Subordinated Notes.NATCHEZ, Miss.--(BUSINESS WIRE)--Nov. 5, 1996--Callon Petroleum Company (Nasdaq NMS See NetWare Management System. : CLNP/CLNPP) announced today it has filed registration statement with the Securities and Exchange Commission offering $15 million of Senior Subordinated Notes due 2001. Callon will use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering to fund its fourth quarter 1996 and 1997 drilling program. Morgan Keegan & Company, Inc. will serve as managing underwriter Managing underwriter The leading firm in an underwriting group, which originates the deal and acts as an agent for the group. managing underwriter See lead underwriter. of the offering. Callon is an independent energy company primarily engaged in the exploration, development, acquisition and operation of crude oil and natural gas properties. Callon also acquires, operates and manages properties for institutional investors. Callon's oil and gas properties are located primarily in Louisiana, Alabama and offshore Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. A copy of the Preliminary Prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders may be obtained from Morgan Keegan & Company, Inc., 50 Front Street, 20th Floor, Memphis, Tenn. 38103. CONTACT: Callon Petroleum, Natchez John Weatherly, 800/451-1294 |
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