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EX-99.1 - EX-99.1 - CPE - BORROWING BASE INCREASE NEWS RELEASE - Callon Petroleum Cocpe-20140611ex99135189f.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

June 11, 2014

(Date of earliest event reported)

 

Image - Image1.jpeg

Callon Petroleum Company

(Exact name of registrant as specified in its charter)

 

 

 

 

 

 

Delaware

001-14039

64-0844345

(State or other jurisdiction of

(Commission File Number)

(I.R.S. Employer

incorporation or organization)

 

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):

 

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 

 

Item 7.01. Regulation FD Disclosure

 

On June 12, 2014,  the Company announced, that effective June 11, 2014, the borrowing base under its Senior Secured Revolving Credit Facility had been increased to $155 million based upon a May 1, 2014 reserve report. This represents a 63% increase over Callon’s previous borrowing base of $95 million which was established in March 2014.

 

The following information, including the news release attached as Exhibit 99.1, is being furnished pursuant to Item 7.01 “Regulation FD Disclosure,” and is not filed for purposes of Section 18 of the Exchange Act. This information shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01.  Financial Statements and Exhibits

 

(d)  Exhibits

 

 

 

 

 

Exhibit Number

 

Title of Document

 

 

 

99.1

 

News release dated June 12, 2014 announcing Callon Petroleum Company’s borrowing base increase

 

 


 

 

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

 

 

 

(Registrant)

 

 

 

 

 

June 13, 2014

 

By: /s/ Joseph C. Gatto, Jr.

 

 

 

Joseph C. Gatto, Jr.

 

 

 

Chief Financial Officer, Senior Vice President and Treasurer

 

 

 

 

 

 

 


 

 

Exhibit Index

 

 

 

 

 

 

Exhibit Number

 

Title of Document

 

 

 

99.1

 

News release dated June 12, 2014 announcing Callon Petroleum Company’s borrowing base increase