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Callon Petroleum selling 12.5M shares of stock

2014-09-10 15:02:10| Oil & Gas - Topix.net

Callon Petroleum Company is selling stock to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company announced Monday that it would sell 12.5 million shares, giving the brokerages underwriting the sale the option to buy up to another 1.875 million shares.

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