Double Eagle Petroleum Company (DBLE)

Double Eagle Petroleum Co. (Nasdaq: DBLE) announces that the Company achieved annual production for the year ended December 31, 2009 of 9.3 Bcfe, an increase of 39% over 2008 production of 6.7 Bcfe. The increase was driven primarily by the Company's operated Catalina Unit, which accounted for 73% of the year over year increase. Significant production increases were also realized from our interest in the Pinedale Anticline non-operated properties.
Company notes that amid falling natural gas prices, it managed to increase productivity through existing well and gathering system enhancements.

Mar 2 · 10:34:00 AM · Source: Company Press Release
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by Jeffrey Epstein