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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (45209)	11/3/2011 9:31:11 AM
From: E_K_S	Respond to of 78758

Double Eagle Petroleum Reports Third Quarter Results and Operations Update sacbee.com From the article:"...Double Eagle Petroleum Co. (NASDAQ: DBLE) reported today its financial results for the third quarter ended September 30, 2011. The Company had net income attributable to common stock of $2,906,000, or $0.26 per share, for the third quarter of 2011 as compared to $1,932,000, or $0.17 per share, for the third quarter of 2010. The increase in net income in the third quarter of 2011 was attributed to the following: * $4,642,000 pre-tax unrealized non-cash gain on the Company's economic hedges; * 20% increase in realized natural gas price; and * 4% increase in production. ..." ---------------------------------------------------------------------------------- Wyoming: Double Eagle to drill Niobrara at Atlantic Rim ogj.com The company has interesting prospects in both their Atlantic Rim Niobrara property and their Powder River Basin property located in Wyoming. Nice to see some positive per share earnings booked. EKS