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<PAGE> 1 EXHIBIT 23.2 INDEPENDENT AUDITORS' CONSENT The Board of Directors Callon Petroleum Company As independent public accountants, we hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated February 16, 2000 included in Callon Petroleum Company's 1999 annual report on Form 10-K. /s/ Arthur Andersen LLP Arthur Andersen LLP New Orleans, Louisiana October 11, 2000 Ex. 23.2 - Page 1
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