Lone Star Value Reaches New Agreement with Callon Petroleum for Continued Board Representation

Local and industry media sources reported on the new settlement agreement reached between Olshan client, Lone Star Value Management and Callon Petroleum. Under the new agreement, Callon Petroleum agreed to appoint Michael L. Finch to serve as a director of the Company. Last year, the Company agreed to add two Lone Star Value representatives on the Board. Steve Wolosky and Ryan Nebel represent Lone Star Value in connection with its investment in Callon Petroleum and in the negotiation of the agreement.