Double Eagle Petroleum Reports Cash Dividend on Its Series A Cumulative Preferred Stock
Double Eagle Petroleum Co. reported today that its Board of Directors declared a cash dividend on its 9.25% Series A Cumulative 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.
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.
