NATCHEZ — Callon Petroleum Company has received notice from the New York Stock Exchange (NYSE) that the company has regained full compliance with the Exchange’s continued listing standards.
On March 20, 2009, Callon announced that it had received notice from the NYSE that due to the decline in its stock price and market capitalization, the company was “below criteria” for listing on the NYSE.
“We are very pleased that we were able to regain compliance approximately five months ahead of our plan,” Fred Callon, chairman and CEO. “The increase in shareholder value is the result of our significantly improved balance sheet and our recent acquisitions and announced drilling activity in the Permian Basin.”
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