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Article: Double Eagle Petroleum Reports Third Quarter Results.
- Article from:
- PR Newswire
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DENVER, Oct. 29 /PRNewswire-FirstCall/ -- Double Eagle Petroleum Co. today reported its financial results for the third quarter ended September 30, 2009. Highlights of the third quarter include:
-- Net production volumes of 2.3 Bcfe, which represents an increase of
21% year over year;
-- Clean Earnings* of $3,008,000 or $0.29 per share;
-- Production costs decreased to $0.84 per Mcfe versus $0.90 per Mcfe for
the third quarter of 2008;
-- Cash flows from operations of $2,648,000; and
-- Completed acquisition of Petrosearch Energy Corporation, which
resulted in net cash to the Company of $7,733,000.
(*) Please see last ...