News with Tags "News"

Natchez, MS (May 7, 2012)-Callon Petroleum Company (CPE) is issuing guidance for the second quarter and full year 2012.  The guidance, found in the table below, is expressed in ranges for the detailed components.

The following guidance estimates contain assumptions that we believe are reasonable.  These estimates are based upon information that is available as of the date of this news release.  We are not undertaking any obligation to update these estimates as conditions change or as additional information becomes available.

Listed below are the outstanding hedges for crude oil per quarter for 2012 and 2013.  We have no natural gas hedges in place for either year.

Callon Petroleum Company is engaged in the acquisition, development, exploration and operation of oil and gas properties in Texas, Louisiana and the offshore waters of the Gulf of Mexico.

This news release is posted on the company`s website at www.callon.com and will be archived there for subsequent review.  It can be accessed from the “News Releases” link at the top of the homepage. 

This news release contains projections and other forward-looking statements (including statements about 2012 financial and operating performance) 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.  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 include: 

• general economic and industry conditions;
• volatility of oil and natural gas prices;
• uncertainty of estimates of oil and natural gas reserves;
• impact of competition;
• availability and cost of seismic, drilling and other equipment;
• operating hazards inherent in the exploration for and production of oil and natural gas;
• difficulties encountered during the exploration for and production of oil and natural gas;
• difficulties encountered in delivering oil and natural gas to commercial markets;
• changes in customer demand and producers` supply;
• uncertainty of our ability to attract capital;
• compliance with, or the effect of changes in, the extensive governmental regulations regarding the oil and natural gas business;
• actions of operators of our oil and gas properties;
• weather conditions; and
• the risk factors discussed in our filings with the Securities and Exchange Commission, including but not limited to those in our Annual Report for the year ended December 31, 2011 on Form 10-K.

 The preceding estimates reflect our review of continuing operations only.  These estimates do not take into account any material transactions such as sales of debt and equity securities, acquisitions or divestitures of assets, and formations of joint ventures.  We continually review these types of transactions and may engage in one or more of these types of transactions without prior notice.

For further information contact
Rodger W. Smith   1-800-451-1294

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Callon Petroleum Company via Thomson Reuters ONE
HUG#1609639

WASHINGTON (Reuters) – Likely Republican presidential nominee Mitt Romney battled to get back on his economic message on Friday after being sidetracked by a debate over gay rights and a reported bullying incident from 1965.

Romney’s drive to keep the focus on President Barack Obama‘s handling of the fragile U.S. economy took a back seat this week when Obama declared his support for same-sex marriage, a move that energized his liberal base and gave the Democratic incumbent a splash of news coverage.

Obama’s decision on gay marriage, after resisting the step for two years, contributed to a big surge in fund-raising for his campaign. Obama hauled in $ 15 million at a single, star-studded event in Los Angeles where he played basketball on Friday with stars George Clooney and Tobey Maguire.

Far from Hollywood, Romney visited North Carolina, a state that will be central in determining whether he can defeat Obama in the November 6 election.

Romney skirted the same-sex issue in a visit to Charlotte and stuck to the economy, saying Obama represents “old-school liberals” who want to continue to borrow money from countries like China in order to spend it recklessly in Washington.

“This recovery’s been the slowest, most tepid since Hoover,” said Romney in a reference to Depression-era President Herbert Hoover from the 1930s.

Romney wants to avoid making same-sex marriage a major focus of the campaign because Obama is much more vulnerable on the economy. Polls show a growing number of Americans favor gay marriage, but the slow economic recovery is by far their major concern.

“There will come a day when Romney will need to debate Obama on stage, but we don’t need to have that debate now,” a Romney adviser said. “We want that debate to be about economy and jobs. And number two, we believe the net results of this will be to our benefit.”

A new Gallup survey said 60 percent of Americans reported that Obama’s support for same-sex marriage will make no difference to their vote. Twenty-six percent said it would make them less likely to vote for him.

BULLYING ALLEGATION LINGERS

In North Carolina, a crowd of about 600 at the Charlotte Pipe and Foundry Company received Romney enthusiastically, booing almost every mention of Obama or his economic policies and cheering Romney’s pledge to “take America back.”

As Romney spoke in North Carolina, Obama touted mortgage relief in Nevada, another battleground state.

With Romney breaking no new ground on the economy, he could not escape questions in North Carolina about allegations of bullying a student in high school who was believed to be gay.

“If anybody was offended, I apologize for that,” Romney told Charlotte’s WSOC-TV when asked about a Washington Post story about the incident at the prestigious Cranbrook School in Michigan. Romney was said to have clipped off the bleached blond hair of a classmate who had been tackled and pinned down by Romney’s friends.

The student, John Lauber, was later presumed to be gay.

Romney has been on the defensive about the episode, which he says he cannot precisely recall.

The former Massachusetts governor also will need to address gay rights when he speaks at the evangelical Liberty University on Saturday. He will allude to traditional marriage as “an enduring institution that deserves to be defended,” an aide said.

The Romney campaign has sought to use the candidate’s wife, Ann, to attract more support from women voters who favor Obama. She also has tried to make Romney, who can sometimes come across as stiff and robotic, more accessible.

Ann Romney wrote an opinion piece for USA Today and conducted a series of interviews in advance of Mother’s Day on Sunday.

Her status as a stay-at-home mother who raised five sons has been ridiculed by some Democrats who contend the wealthy Romneys are out of touch with many women who raise children while they try to hold down jobs and struggle to make ends meet.

“On Mother’s Day, Mitt always brings me lilacs, a tradition he started the year I became a mother,” she wrote in USA Today.

The Restore Our Future SuperPAC group that supports Romney released a video accusing Obama supporters of denigrating Ann Romney for being a stay-at-home mom.

(Additional reporting by Sam Youngman in Charlotte; Editing by Stacey Joyce)

WASHINGTON (Reuters) – Likely Republican presidential nominee Mitt Romney battled to get back on his economic message on Friday after being sidetracked by a debate over gay rights and a reported bullying incident from 1965.

Romney’s drive to keep the focus on President Barack Obama‘s handling of the fragile U.S. economy took a back seat this week when Obama declared his support for same-sex marriage, a move that energized his liberal base and gave the Democratic incumbent a splash of news coverage.

Obama’s decision on gay marriage, after resisting the step for two years, contributed to a big surge in fund-raising for his campaign. Obama hauled in $ 15 million at a single, star-studded event in Los Angeles where he played basketball on Friday with stars George Clooney and Tobey Maguire.

Far from Hollywood, Romney visited North Carolina, a state that will be central in determining whether he can defeat Obama in the November 6 election.

Romney skirted the same-sex issue in a visit to Charlotte and stuck to the economy, saying Obama represents “old-school liberals” who want to continue to borrow money from countries like China in order to spend it recklessly in Washington.

“This recovery’s been the slowest, most tepid since Hoover,” said Romney in a reference to Depression-era President Herbert Hoover from the 1930s.

Romney wants to avoid making same-sex marriage a major focus of the campaign because Obama is much more vulnerable on the economy. Polls show a growing number of Americans favor gay marriage, but the slow economic recovery is by far their major concern.

“There will come a day when Romney will need to debate Obama on stage, but we don’t need to have that debate now,” a Romney adviser said. “We want that debate to be about economy and jobs. And number two, we believe the net results of this will be to our benefit.”

A new Gallup survey said 60 percent of Americans reported that Obama’s support for same-sex marriage will make no difference to their vote. Twenty-six percent said it would make them less likely to vote for him.

BULLYING ALLEGATION LINGERS

In North Carolina, a crowd of about 600 at the Charlotte Pipe and Foundry Company received Romney enthusiastically, booing almost every mention of Obama or his economic policies and cheering Romney’s pledge to “take America back.”

As Romney spoke in North Carolina, Obama touted mortgage relief in Nevada, another battleground state.

With Romney breaking no new ground on the economy, he could not escape questions in North Carolina about allegations of bullying a student in high school who was believed to be gay.

“If anybody was offended, I apologize for that,” Romney told Charlotte’s WSOC-TV when asked about a Washington Post story about the incident at the prestigious Cranbrook School in Michigan. Romney was said to have clipped off the bleached blond hair of a classmate who had been tackled and pinned down by Romney’s friends.

The student, John Lauber, was later presumed to be gay.

Romney has been on the defensive about the episode, which he says he cannot precisely recall.

The former Massachusetts governor also will need to address gay rights when he speaks at the evangelical Liberty University on Saturday. He will allude to traditional marriage as “an enduring institution that deserves to be defended,” an aide said.

The Romney campaign has sought to use the candidate’s wife, Ann, to attract more support from women voters who favor Obama. She also has tried to make Romney, who can sometimes come across as stiff and robotic, more accessible.

Ann Romney wrote an opinion piece for USA Today and conducted a series of interviews in advance of Mother’s Day on Sunday.

Her status as a stay-at-home mother who raised five sons has been ridiculed by some Democrats who contend the wealthy Romneys are out of touch with many women who raise children while they try to hold down jobs and struggle to make ends meet.

“On Mother’s Day, Mitt always brings me lilacs, a tradition he started the year I became a mother,” she wrote in USA Today.

The Restore Our Future SuperPAC group that supports Romney released a video accusing Obama supporters of denigrating Ann Romney for being a stay-at-home mom.

(Additional reporting by Sam Youngman in Charlotte; Editing by Stacey Joyce)

BERLIN (Reuters) – Germany is willing to consider additional measures to promote growth in Greece but the struggling economy must still carry out the agreed reforms, German Finance Minister Wolfgang Schaeuble said in an interview with Welt am Sonntag weekly.

“If the Greeks have an idea of what we could do, in addition, to promote growth, we can always talk and think about this,” Schaeuble was quoted as saying. “But ultimately it is about making Greece competitive again, allowing the economy to grow and opening the path to the financial markets again.”

“That requires the agreed, fundamental reforms being carried out, otherwise the country has no prospects.”

Germany on Friday laid out its support for a European “growth pact” in an attempt to deflect criticism that its insistence on austerity has exacerbated Athens’ debt woes.

But it also told Greece that staying in the euro zone was its own choice and that it must not stray from austerity if it expects to get international cash.

“I can understand the Greeks well … they are suffering a lot,” said Schaeuble. “There is no comfortable path for Greece.”

“There is not a better solution. Greece must now show if it has the power to get the necessary majorities for this. I can only hope that those responsible in Greece will quickly see reason.”

Greece was plunged into turmoil after a general election boosted far-left and far-right groups, stripping mainstream parties, which back a painful EU/IMF bailout, of their parliamentary majority.

But Germany, the European Union’s paymaster, and the European Commission have repeatedly insisted that Greece must persevere with tax hikes and spending cuts in order to continue receiving funds under its EU-IMF 130 billion euro bailout.

Schaeuble said Germany did not want Greece to leave the euro zone but could not force the country to remain within the currency bloc either.

“Of course we do not want Greece to leave, that is quite clear and unambiguous. But .. we would be a strange government if we did not prepare ourselves for all thinkable scenarios, to then also be able to master them, including situations that would not be easy for Europe.”

(Writing By Sarah Marsh; Editing by Peter Cooney)