Double Eagle Petroleum Co. (NASDAQ: DBLE).(Interview)

Publication: Oil and Gas Investor

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COPYRIGHT 2005 Hart Publications, Inc.

Oil and Gas Investor: Describe the strategy that drives your company.

Hollis: Double Eagle has put together leaseholds in the Rocky Mountains, and we've been putting together projects to drill and develop, both operated and non-operated. We get them drilled and continue in the development drilling and have been able to grow the company significantly with that strategy--very little acquisition, but an occasional acquisition of a property that we feel is strategic to help get us along that route.

OGI: Briefly describe your core production areas.

Hollis: We have two core production areas. One is the eastern Washakie Basin in south central Wyoming. We have about 50,000 gross acres and about 30,000 net acres in that play. We've developed a coalbed-methane play that currently is producing about 6 million a day to the company. Second would be the Pinedale Anticline. We have an acreage position there that's non-operated and have been involved in the development of Pinedale. That represents probably about 3 million a day for us. Then we have about 1 million a day that's scattered around in other properties.

OGI: Does the company anticipate expanding to any new core drilling and production areas this year?

Hollis: Yes. We're currently...

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