Double Eagle Petroleum Reports Cash Dividend on its Series A Cumulative Preferred Stock
11 March 2014 - 3:58AM
PR Newswire (US)
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.
www.dble.com
SOURCE Double Eagle Petroleum Co.
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