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Stock Market & Financial Investment News

News Breaks
September 12, 2012
08:09 EDTCPECallon Petroleum revises production guidance with post-hurricane update
Callon Petroleum provided an update regarding the impact of hurricane Isaac on the company's Gulf of Mexico, or GoM, operations. Following site visits, Callon has determined that damage to its producing facilities in the Gulf of Mexico was minimal. The company's shallow water production has been restored to pre-hurricane levels and deepwater production is in the final stages of returning to normal operations. The company expects its total net GoM production to be restored to a pre-hurricane rate of approximately 2,850 barrels of oil equivalent per day, or Boepd, in the next few days.
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March 23, 2015
09:11 EDTCPECallon Petroleum announces agreement with Lone Star Value regarding board size
Callon Petroleum announced that it has entered into an agreement with Lone Star Value Management, pursuant to which Callon has agreed to expand the size of the company's board from seven to eight directors and to designate one new independent director Michael Finch to fill the newly-created directorship, effective the day prior to Callon's 2015 annual meeting of stockholders. Finch will also be nominated by the company for re-election to the board, at the company's 2015 annual meeting of stockholders, as a Class I director. Pursuant to its agreement with Callon, Lone Star Value has agreed to certain customary standstill and voting provisions.
07:16 EDTCPEHoward Weil to hold a conference
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