Callon Petroleum Co. - 2011-03-22

Redeemed $31 million of its outstanding $138 million 13% senior notes due 2016 using a portion of the proceeds from its previously announced common stock offering, which was completed on Feb. 16.

The total redemption price was approximately $35.9 million, including approximately $0.9 million in accrued interest. Upon completion of this partial redemption, approximately $107 million face amount of the notes remains outstanding.