form8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934


Date of Report
December 31, 2007
(Date of earliest event reported)

Callon Petroleum Company
 
(Exact name of registrant as specified in its charter)

 
Delaware
001-14039
64-0844345
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification Number)


200 North Canal St.
Natchez, Mississippi  39120
(Address of principal executive offices, including zip code)


(601) 442-1601
(Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
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Section 8 — Other Events

Item 8.01.  Other Events

Callon Petroleum Company announced on December 31, 2007, that it has completed the sale of certain non-core, non-operated royalty and mineral interests for $61.5 million pursuant to a Purchase and Sale Agreement dated December 10, 2007.
 
 
Section 9 — Financial Statements and Exhibits

Item 9.01.  Financial Statements and Exhibits
 
(c)
Exhibits

 
Exhibit Number
Title of Document
 
 
 
 
99.1
Press release dated December 31, 2007 announcing the completion of the sale of certain non-core, non-operated royalty and mineral interests for $61.5 million pursuant to a Purchase and Sale Agreement dated December 10, 2007.
 
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Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 Callon Petroleum Company
 
 
 
 
 
 
December 31, 2007
 By:  
 s/s     B. F. Weatherly
 
 
 
B.F. Weatherly
 
 
Executive Vice President and
 
 
Chief Financial Officer
 
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Exhibit Index

 
Exhibit Number
Title of Document
 
 
 
 
Press release dated December 31, 2007 announcing the completion of the sale of certain non-core, non-operated royalty and mineral interests for $61.5 million pursuant to a Purchase and Sale Agreement dated December 10, 2007.
 
 
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