Double Eagle Petroleum Reports Cash Dividend on its Series A Cumulative Preferred Stock
09 Dicembre 2008 - 12:00PM
PR Newswire (US)
DENVER, Dec. 9 /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 December 31, 2008 to shareholders of record as of
December 19, 2008. The Series A Preferred Stock was issued on July
5, 2007 and trades on the NASDAQ Capital Market under the symbol
"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 in Wyoming.
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/ DATASOURCE: Double
Eagle Petroleum Co. CONTACT: John Campbell, IR of Double Eagle
Petroleum Co., +1-303-794-8445 Web site: http://www.dble.us/
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