Double Eagle Petroleum Reports Cash Dividend on its Series A Cumulative Preferred Stock
DENVER, March 10, 2014 /PRNewswire/ -- 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 March 31, 2014 to shareholders of record as of March 21, 2014. 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., which is headquartered in Denver, Colorado, explores, develops, and sells natural gas and crude oil, with natural gas in the Rocky Mountain region. The Company currently has development activities and opportunities in its Atlantic Rim coal bed methane and in the Pinedale Anticline in Wyoming. Also, exploration potential exists in its Niobrara acreage in Wyoming and Nebraska, which totals over 70,000 net acres.
SOURCE Double Eagle Petroleum Co.