Published:
Double Eagle Petroleum Reports Cash Dividend on Its Series A Cumulative Preferred Stock
DENVER, Sept. 4 /PRNewswire-FirstCall/ -- Double Eagle Petroleum Co.
(Nasdaq: DBLE) reported today that its Board of Directors declared a cash
dividend on its 9.25% Series A Cumulative Preferred Stock ("Series A Preferred
Stock") in the amount of $0.578125 per share, payable on September 30, 2008 to
shareholders of record as of September 20, 2008. The Series A Preferred Stock
was issued on July 5, 2007 and trades on the NASDAQ Capital Market under the
symbol (Nasdaq: DBLEP).
About Double Eagle
Double Eagle Petroleum Co. explores for, develops, and sells natural gas
and crude oil, with natural gas constituting more than 95% of its production
and reserves. The Company's current major development activities are in its
Atlantic Rim coal bed methane play and in the Pinedale Anticline inWyoming.
This release contains forward-looking statements regarding Double Eagle's
future plans and expected performance based on assumptions the Company
believes to be reasonable. A number of risks and uncertainties could cause
actual results to differ materially from these statements, including, without
limitation, the success rate of exploration efforts and the timeliness of
development activities, fluctuations in oil and gas prices, and other risk
factors described from time to time in the Company's reports filed with the
SEC. In addition, the Company operates in an industry sector where securities
values are highly volatile and may be influenced by economic and other factors
beyond the Company's control. Double Eagle undertakes no obligation to
publicly update these forward-looking statements, whether as a result of new
information, future events or otherwise.
Company Contact:
John Campbell, IR
(303) 794-8445
http://www.dble.us
SOURCE Double Eagle Petroleum Co.
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