8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 7, 2006

Double Eagle Petroleum Co.

(Exact name of registrant as specified in its charter)

Maryland	000-6529	83-0214692
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

777 Overland Trail (P. O. Box 766), Casper, Wyoming 82601
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (307) 237-9330

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

Investor Presentation

Corporate Profile, Letter to Shareholders & Description of Projects

Company Retains Monarch Capital Consultants for Investor Relations Outreach

Item 7.01. Regulation FD Disclosure.

     Attached hereto as Exhibit 99.1 is the Investor Presentation that Double Eagle Petroleum Co. (the “Company”) intends to discuss and/or otherwise disclose to prospective investors.

     Attached hereto as Exhibit 99.2 are the Corporate Profile, Letter to Shareholders and Description of Projects to be included with the Company’s Form 10-K to constitute the Company’s Annual Report to Shareholders. The Company may provide this information to prospective investors prior to the general mailing to the shareholders.

     Attached hereto as Exhibit 99.3 is the Press Release entitled “Double Eagle Petroleum Co. Retains Monarch Capital Consultants for Investor Relations Outreach”.

Item 9.01. Financial Statements and Exhibits.

     Exhibit 99.1 Investor Presentation.

     Exhibit 99.2 Corporate Profile, Letter to Shareholders, and Description of Projects.

     Exhibit 99.3 Press Release, dated April 7, 2006, entitled “Double Eagle Petroleum Co. Retains Monarch Capital Consultants for Investor Relations Outreach.”

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 11, 2006	DOUBLE EAGLE PETROLEUM CO.
	By:	/s/ David C. Milholm
		David C. Milholm Chief Financial Officer

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INDEX TO EXHIBITS

Exhibit Number	Description
Exhibit 99.1	Investor Presentation
Exhibit 99.2	Corporate Profile, Letter to Shareholders, and Description of Projects
Exhibit 99.3	Double Eagle Petroleum Co. Retains Monarch Capital Consultants for Investor Relations Outreach

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EX-99.1

Exhibit 99.1

Double Eagle Petroleum Co. 2005 Financial & Operating Update Presented by Stephen H. Hollis CEO

This presentation may contain projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Any such projections or statements reflect the Company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and actual results could differ materially from those projected. A discussion of important factors that could cause actual results to differ materially from those projected, such as decreases in oil and gas prices and/or unexpected decreases in oil and gas production, is included in the Company's periodic reports filed with the Securities and Exchange Commission. DISCLAIMER Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as "probable" reserves and "possible" reserves, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K File No. 0-6529, available from us at Computershare Investor Services, Inc. 350 Indiana St. Golden, CO 80401. You can also obtain this form from the SEC by calling 1-800-SEC-0330.

Double Eagle Petroleum Co. Rocky Mountain Natural Gas Exploration & Production Co. NASDAQ (Small Cap Market) "DBLE" Market Capitalization $153,000,000 (3/30/06) Shares Outstanding 8,628,604 (3/7/06)

2005 Accomplishments 2005 vs. 2004 Year Comparison Revenues + 56% Cash Flow + 39% Operating Income + 33% Proved Reserves + 34% PV10 (bfit) + 85% Double Eagle Petroleum Co.

$ (000s) 2003 2004 2005 Revenue 6,138 13,267 20,502 Operating Costs 1,989 4,125 7,070 G & A, Interest 1,425 1,601 2,999 Net Cash Flow from Operating Activities 3,239 7,435 10,319

Double Eagle Proved Reserves 2000 2001 2002 2003 2004 2005 PDP 5.03 7.76 12.6 17.1 18.2 24.2 PUD 0.92 2.98 5.3 6.9 18.4 25

Double Eagle Reserve Replacement 2002 2003 2004 2005 Prod mmcfe 1132 1425 2661 3069 New mmcfe 3331 7353 15311 15700 2005 - 512% Production Replacement 4-Year Weighted Average 503%

Double Eagle Petroleum Capital Spending ($ 000) 2003 2004 2005 2006 Est. Total Capex 25000 Leasehold 2287 297 407 Exploration 231 324 3693 Development 7564 8366 9494 Pipeline 5378

Double Eagle Finding Costs $ / MCFE 2002 2003 2004 2005 $ MCFE 1.15 1.01 0.57 0.66

Double Eagle Daily Production 1Q 04 2Q 04 3Q 04 4Q 04 1Q 05 2Q 05 3Q 05 4Q O5 MCFE 4989 7850 7340 8882 8970 8058 8643 7960

Double Eagle Petroleum Co. Pinedale Anticline Eastern Washakie Christmas Meadows

Projects Index Map

Deep Test by Questar Pinedale Anticline Downspacing to 10 acres Deep Test by Questar 7 New Wells in '06 Planned Mesa "B" Mesa "A" Mesa "C"

Atlantic Rim Area Cow Creek 2005 Facilities at Cow Creek Field Double Eagle Pipe Line South Fillmore Prospect Almond 8,155' TD DOUBLE EAGLE INTEREST 60,081 Gross Acres - 29,661 Net Acres Pipe Line Project South Fillmore Deep test at Cow Creek Madison TD 12,000' Deep Test EASTERN WASHAKIE Cow Creek Double Eagle Pipe Line South Fillmore Deep Test

MAP SHOWING CUMULATIVE GAS PRODUCTION BY WELL AT COW CREEK AND SUN DOG FIELDS THROUGH JANUARY, 2006

Catalina Unit 268 Proposed wells to be done in a 3 to 5 year drilling program drilling program drilling program drilling program drilling program drilling program drilling program

Atlantic Rim Area Cow Creek 2005 Facilities at Cow Creek Field Double Eagle Pipe Line South Fillmore Prospect Almond 8,155' TD DOUBLE EAGLE INTEREST 60,081 Gross Acres - 29,661 Net Acres Pipe Line Project South Fillmore Deep test at Cow Creek Madison TD 12,000' Deep Test EASTERN WASHAKIE Cow Creek Double Eagle Pipe Line South Fillmore Deep Test

Cow Creek Field- Madison Structure Double Eagle Petroleum Madison Test April 2006 Structure from 3D Seismic Target Tensleep sandstone and Madison limestone

Atlantic Rim Area Cow Creek 2005 Facilities at Cow Creek Field Double Eagle Pipe Line South Fillmore Prospect Almond 8,155' TD DOUBLE EAGLE INTEREST 60,081 Gross Acres - 29,661 Net Acres Pipe Line Project South Fillmore Deep test at Cow Creek Madison TD 12,000' Deep Test EASTERN WASHAKIE Cow Creek Double Eagle Pipe Line South Fillmore Deep Test

South Fillmore Prospect Top Almond Subsea Contour Interval 500 Feet South Fillmore Drilled to total depth: 8,155 foot Mesaverde test, production casing set 66% working interest Six sections of leases encompassing 3,840 gross acres Farmout from Anadarko and Warren Resources on two additional sections encompassing 1,280 gross acres

Christmas Meadows Prospect Commence drilling June 1, 2006 Double Eagle owns 41,237 gross acres Double Eagle to retain 25% WI in first well Drill depth 15,730 to test Frontier and Dakota

12,000 8,000 4,000 SL - -4000 - -8000 - -12,000 - -16,000 - -20,000 - -24,000 M P Tw Uinta Mountain Group Frontier Hilliard Mowry, Dakota,LK North Flank Thrust Kfu Kmv Kh Frontier Mowry Dakota J Nugget Tr Phosphoria Morgan, Weber Miss Ord Cambrian Hogsback Thrust NW SE Table Top Unit #1 Location Christmas Meadows Prospect A A'

Double Eagle 2006 Continued Increases of Production Lower Risk Development and Higher Risk Exploratory Drilling $25 Million in Capex Potential for significant additions to reserves with Exploratory Drilling at Christmas Meadows, Madison Deep, Test and South Fillmore

Proved, Probable and Possible Reserves Oil Gas PV10% Proved 313,538 bbl 47,152,604 mcf $126,330,300 Probable 138,558 bbl 28,891,862 mcf $59,973,200 Possible 153,899,606 mcf $364,093,900

Summary Highlights Revenue and cash flow have more than tripled since 2003 Growth through the drill bit: reserves up over 400% to 49 bcfe while keeping finding costs low Eastern Washakie Coal Bed Natural Gas Project holds considerable development drilling potential in coming years Significant Exploration Drilling in 2006: Christmas Meadows, Cow Creek Deep, and South Fillmore

EX-99.2

Exhibit 99.2

Corporate Profile
DOUBLE EAGLE Petroleum Company
( NASDAQ, “DBLE” )

Double Eagle is an independent natural gas and oil exploration and production company, with principal activities in the Rocky Mountain Region of the United States. The Company acquires, drills, develops, and operates natural gas and oil properties.

HIGHLIGHTS

	Year Ended					Year Ended
	December 31,		%			December 31,
	2005		Change			2004
Financial Results
Total Revenues	$	20,502,248		+ 55	%	$	13,267,073
Net Income	$	3,964,651		- 2	%	$	4,028,203
Earnings per Share	$	.46		- 2	%	$	.47
Cash Flow	$	10,318,897		+ 39	%	$	7,434,543
Shares Outstanding		8,590,604		+1	%		8,488,404
Reserves & Production
Oil Production (bbl)		15,469		- 8	%		16,886
Gas Production (mcf)		2,976,094		+ 16	%		2,559,557
Oil Reserves (bbl)		328,752		+ 18	%		278,055
Gas Reserves (mcf)		47,234,335		+ 35	%		34,934,746
Gross Acres		504,899		+ 27	%		399,113
Net Acres		217,410		+ 54	%		141,562

To the Shareholders:

In 2005, Double Eagle Petroleum Co. continued to grow through the drill bit and set the stage for a highly eventful year in 2006. Successful drilling with a 15% increase in production volumes and increased prices for oil and gas combined to grow our year-over-year total revenues by 55% to $20,502,248. Included in our work in 2005 was to prepare to drill our Christmas Meadows Prospect and finally to begin our development program on the Mesaverde coal bed natural gas project in the eastern Washakie Basin. These and our other projects are reviewed in the following pages.

In 2005, we generated record revenues of $20,502,248 which represented an increase of 55% from revenues of $13,267,073 in 2004. This generated record cash flows provided by operating activities of $10,318,897, which represented an increase of 39% from cash flows of $7,434,543 in 2004. Income per diluted share decreased to $0.46 in 2005 from $0.47 in 2004 primarily because of an increase in our provision for deferred income tax. In 2005, we financed our drilling activities with cash flow and borrowed money to build a pipeline out of Cow Creek Field.

In 2006, we will probably utilize our line of credit to a larger extent, particularly if natural gas prices stay in the $5.00 to $6.00 range. We are currently approved for $9 million on our line of credit, but with our current Proved Developed Reserves of over 49 Bcfe with a Present Value, discounted at 10% before income tax, of over $70 million, we can and will increase our limit on our line of credit. We anticipate capital expenditures of approximately $25 million in 2006. This will include participation in 34 wells at Cow Creek, seven wells at Pinedale and significant participation in four exploratory tests, each of which could dramatically change the Company’s financial status. We do anticipate a very interesting year.

The prices of natural gas and oil have been extremely hard to predict over the last ten years, and during 2005 we decided to lock in some of our production at then-current prices. As of February 1, 2006, we have fixed price contracts on approximately 25% of our daily production at prices ranging from $5.50 to $6.00 per mcf, for time periods of 10 to 15 months. This compares to our average price of $6.62 per mcf in 2005. As our production continues to grow, we will continue to assess the wisdom of locking in additional contracts.

In 2005, production volumes increased 15% to a record level of over three billion cubic feet equivalent of natural gas. This was accomplished with facilities work at Cow Creek Field and participation in five new wells in the Mesa Unit on the Pinedale Anticline. In 2006, with 34 wells are planned at Cow Creek, seven new wells in the Mesa Unit, and four significant wildcats, we hope to break this record. With the completion of our pipeline, we anticipate getting hooked up to Anadarko’s system and receive our share (currently approximately 500 mcf per day) of the production from the Doty Mountain and Sun Dog wells. No production to Double Eagle was recorded in 2005 from these wells.

In 2005, our year-end proved reserves were estimated 34% higher than in 2004 on a natural gas equivalent basis to a record of over 49 Bcfe. Netherland, Sewell and Associates, our independent engineers, reviewed over 99% of our reserves. Oil reserves grew because of the associated oil at the Mesa Unit. More locations at the Mesa and Cow Creek Units became proved undeveloped. This indicates that the Company has a large inventory of development locations to be drilled. The reserves at Mesa Unit on the Pinedale Anticline include only those 10-acre spaced locations that offset producing wells. The reserves in the eastern Washakie Basin coal bed natural gas play included reserves for Doty Mountain and Sun Dog Units. At current production rates it would take over 16 years to produce our proved reserves.

In 2006, we look to accomplish several of our goals that have been delayed many years. I am confident that the Table Top Unit #1 well at our Christmas Meadows Prospect will get drilled this year. This well was staked by Amoco in 1982 and then Chevron fought to get it drilled until 1995, and Double Eagle will finally get it drilled in 2006. We look forward to reporting to shareholders when the rig is on location, which we expect to be June 1, 2006. I am also confident that, after over four years, the Atlantic Rim Environmental Impact Study will be completed this year and we will be able to continue our development of the Mesaverde coal beds along the eastern margin of the Washakie Basin. This looks like October 1, 2006. The South Fillmore Prospect, which we have worked on for about ten years, began drilling on March 2, 2006. The Cow Creek Deep #2 well should begin drilling on about April 15, 2006 with the rig that will drill Christmas Meadows. We plan to drill the Rattlesnake Prospect in the Powder River Basin sometime after May 2006. Other important events in 2006 should include results from the deep tests on the Pinedale Anticline, and I also expect that we will have a small working interest in a 25,000 foot Madison test on the Madden Anticline. The seven Madison producers on the Madden Anticline averaged, per well, more than 45 million cubic feet of gas production in December 2005.

We truly believe that this will be an exciting year for Double Eagle. I, once again, thank our shareholders for their support in the past, and I hope you enjoy this year as much as I will.

Stephen H. Hollis
Geologist, Shareholder, CEO, President, Chairman of the Board

Projects

The properties that we will focus on in 2006 are shown on the map to the left. We will operate the Christmas Meadows, South Fillmore, Rattlesnake and much of the work in the eastern Washakie, including a deep test at Cow Creek Field and the development of the coal beds in the Catalina Unit. The work at Pinedale, Madden and the other units in the eastern Washakie will be operated by others.

Eastern Washakie Coal Bed Natural Gas Play

The eastern Washakie Coal Bed Natural Gas Play is located in south central Wyoming.We initiated the play with the re-completion of the 1x-12 well at Cow Creek Field in 1999. Subsequent drilling by Double Eagle, Warren Resources and Anadarko has been very encouraging. Over 135 wells have been drilled to test the permeability and gas content of the Mesaverde coals along the 40 mile long trend on the eastern flank of the Washakie Basin. The most encouraging area has been around Cow Creek Field. Fourteen coal bed wells at Cow Creek and twelve wells at the adjacent Sun Dog pod were selling a total of over nine million cubic feet per day (five million cubic feet net to our interest) in December 2005. The next step is to drill additional wells to expand the area of dewatering in the coals around Cow Creek. Double Eagle has created a large 21,725 acre unit, the Catalina Unit, to accommodate the drilling of up to 268 additional wells on 80 acre spacing which we will operate. Anadarko has created the Doty Mountain, Sun Dog, and Brown Cow Units in the Cow Creek area as well as the Jolly Roger and Red Rim Units to the north. The large drilling programs in these Units will begin when the Environmental Impact Study is completed by the Bureau of Land Management. This document is expected to be completed in the Fall of 2006. We will continue to use the time until we can drill more coal bed wells, to get the water handling facilities ready for the additional wells, perforate additional coals in the existing wells, and test some deeper objectives at Cow Creek Field. We also completed a twelve-inch pipeline to move the gas out of the field and we plan to have electric power into the Unit by November 2006. The fourteen coal bed wells at Cow Creek produced 54 % of our production in 2005.

In 2006, at Cow Creek Field , subject to completion of the Environmental Impact Study, we hope to add ten new wells to our existing pod of 14 wells and add an additional pod of 24 wells. Two drilling rigs have been located to drill these wells. Our hope is to have the ten new wells in the existing pod on line by year end. The new pod will require installing two additional compressors, additional water handling facilities and an extensive gathering system. We hope to have the second pod on line in the second quarter of 2007. The regional map on the next page shows the large area that, depending on success, could ultimately be developed. If this area is developed, we will be involved in over 600 wells, constituting over 200 net wells. The map also shows the pipeline that we put into service in January 2006. This line can transport over 100 million cubic feet per day with compression. Our goal is to fill this line. Double Eagle will operate, potentially, 282 wells in the Catalina Unit and any wells on our lands that are not in the Units operated by Anadarko. The fourteen wells at Cow Creek are currently producing an average of over 400,000 cubic feet of gas per day per well. This field will keep us busy for many years and gives us an excellent place to invest capital. Our finding costs at Cow Creek have been less than $1 per mcf.

South Fillmore

On March 2, 2006, we began drilling an 8,000 foot Mesaverde test on our South Fillmore Prospect, which is twelve miles north of Cow Creek Field. We are operating the well and have a 66% working interest. The prospect includes six sections of leases encompassing 3,840 acres and a farmout from Anadarko and Warren Resources on two additional sections encompassing 1,280 acres. We are targeting the Lewis Sandstones and the Mesaverde Sandstones and coals where we believe that potential is indicated from previous drilling in the area.

Cow Creek Deep

We plan to drill a 12,360 foot test at Cow Creek Field to test the Tensleep Sandstone and the Madison Limestone. This test is scheduled to spud April 1, 2006 with a signed-up drilling rig which also will be used at Christmas Meadows around June 1, 2006. In 1959, Sohio drilled the Cow Creek Unit #1 well to the Tensleep at approximately 11,150 feet and tested natural gas. They elected to produce the much more prolific and permeable Nugget Sandstone at 9,600 feet and the Tensleep was never completed. Log calculations indicate pay in the Tensleep and, combined with our 3-D seismic survey, a location has been selected at what we believe to be the top of the Cow Creek Anticline. Additional production from the Tensleep, if any, would have access to the new pipeline that we constructed last year and that went into operation in January 2006. We believe there is additional potential in the shallower Muddy, Frontier and Niobrara sections that have produced or had good shows in previous drilling in the field.

Pinedale Anticline

Double Eagle currently has an interest in 53 producing wells in the Mesa Unit on the Pinedale Anticline in western Wyoming. In 2005, 10 acre spacing was approved for the lands surrounding the Mesa Unit. The Unit can be drilled on spacing that is deemed prudent and, therefore, will probably be developed on 10 acre spacing. Double Eagle has an interest in 2,400 gross acres. The 53 producing wells in the Mesa Unit produced 36 % of Double Eagle’s 2005 production.

Christmas Meadows

Christmas Meadows is a structural dome in the southwest corner of the prolific Green River Basin, in Summit County, Utah. The dome is overlain by the Wyoming Overthrust Belt and the North Flank Thrust of the Uinta Mountains. After nearly ten years of addressing various regulatory hurdles in this environmentally sensitive area, Double Eagle and its partners should be able to drill this prospect in 2006.

Christmas Meadows Prospect has a long history. In the 1970’s Gulf noted the structure on a regional seismic grid. Further seismic surveys by Gulf, American Quasar, Amoco, Chevron, Sohio, and others support the existence of the structural dome. Amoco staked a location to test the structure to 19,000 feet in 1982, but had still not been issued a permit in 1986 when it abandoned its efforts. Double Eagle acquired its first leasehold in the prospect in 1984. Chevron formed a federal unit in 1989 and staked a well but abandoned its efforts in 1994 after not getting a permit or offset acreage offered for sale. Chevron turned the project over to Amerac, which designated Double Eagle as its agent. Double Eagle has purchased the Chevron leasehold and has farmouts from Amerac (now Unit Corp.) and Judy Yates, and finally acquired the open offset acreage at a BLM auction in November 2003. Combined with new leases purchased at lease sales, Double Eagle, together with its partner John Lockridge, controls 41,237 acres, of which 23,577 acres are included in the Table Top Federal Exploratory Unit.

Prospective formations range from depths of 5,000 to 23,000 feet, and range in age from Mississippian to Cretaceous. Source rocks, reservoir rocks, structural timing, and seal, as well as structure, all remain to be determined through the drill bit, but we are encouraged by our analysis of analogous fields in the Wyoming Overthrust Belt and the Green River Basin. The initial well, the Table Top Unit #1, is projected to a depth of 15,730 feet, and we believe it has a high risk, high reward potential. There is also engineering risk to consider, as there is a time deadline once operations commence and the overlying structure is complex and potentially difficult to drill.

The Company has expended considerable resources in preparing to drill this prospect and, in 2005, we completed the road and location work as well as setting 235 feet of conductor pipe. The update of the EIS was completed in January 2005, clearing the final regulatory hurdle to commence operations. The Forest Service informed us that operations could commence as soon as we obtained a drilling rig. A drilling rig has been secured and we expect it to begin moving in on or about June 1, 2006.

Together with our partners, we have acquired licenses to six 2D seismic lines, consisting of 60 miles. Five of the lines, or 53 miles, were reprocessed with state-of-the-art pre-stack depth migration. Imaging and understanding of the structure has improved as a result.

Double Eagle now owns 24.80% working interest in the Christmas Meadows prospect and is the operator. Partners have been signed up for the remaining interest. The photographs on the next page are of the construction and setting of 235 feet of conductor pipe during the Summer of 2005.

Huntington Valley, Nevada

Double Eagle has leased 129,575 gross acres, 127,340 net acres, in the Huntington Valley in Elko and White Pine Counties, Nevada. This area was chosen because of excellent hydrocarbon source rock in both the Tertiary and Paleozoic rocks and high heat flow to generate natural gas, as well as certain natural gas shows incurred in limited previous drilling. Combined with the indication that a mid-basin structural high area exists, these factors made the open acreage position look attractive. We hope that two wells will be drilled on nearby acreage in the basin in 2006 by other operators and that we will participate to some extent in both these wells.

Rattlesnake Prospect

We plan to drill an exploratory test on the Rattlesnake Prospect in the Powder River Basin in northeastern Wyoming. We will be the operator and have a 33% working interest in this 7,200 foot wildcat well located twenty -six miles north of Casper, Wyoming. The initial test well is targeted to test the Pennsylvanian Tensleep Formation. This seismically defined prospect is located in a sparsely drilled area of the Casper Arch on the west flank of the Powder River Basin in Natrona County. The seismic indicates a closed anticline structurally high to a well that was drilled by Sohio in 1954 and that recorded oil shows in the Tensleep. Double Eagle has a 33% working interest in 5,196 gross acres, which constitute 4,027 net acres, of leases that cover the prospect. Drilling is scheduled for Summer of 2006.

Financial Summary
(*Fiscal Years Ending August 31)

		2005			2004		2003			2002*				2001*
Balance Sheet Data
Total assets		$	44,210,740		$	30,969,341	$	23,954,917		$	9,765,201			$	7,671,938
Net oil and gas properties		$	38,258,408		$	24,758,487	$	19,302,511		$	9,137,657			$	7,264,191
Working capital	(	$	2,803,959	)	$	710,165	$	281,108	(	$	521,709	)	(	$	712,742	)
Long-term debt		$	3,00,000			—		—		$	2,250,000			$	1,000,000
Net stockholders’ equity		$	29,778,256		$	24,926,912	$	19,856,306		$	6,291,989			$	5,536,167
Common shares outstanding			8,590,604			8,488,404		8,334,404			6,069,148				5,106,534
Income Statement Data
Total revenues		$	20,502,247		$	13,267,073	$	6,138,412		$	2,270,163			$	2,581,456
Oil and gas sales		$	20,450,856		$	13,057,906	$	6,080,880		$	2,255,919			$	2,567,713
Net income		$	3,964,650		$	4,028,203	$	971,822	(	$	2,847,101	)		$	251,294
Net income per diluted share		$	0.46		$	0.47	$	0.14	(	$	0.47	)		$	0.04
Cash Flow Data
Cash flow from operating activities		$	10,318,897		$	7,434,543	$	3,238,885		$	118,697			$	1,556,258
Production
Natural gas (mcf)			2,976,094			2,559,557		1,320,850			1,009,543				518,147
Oil (bbls)			15,470			16,886		17,344			20,566				18,605
Average daily production (Mcfe)			8,408			7,270		3,904			3,104				1,725
Estimated Proved Reserves
Natural gas equivalent (Mcfe)			49,206,846			36,603,076		24,072,722			12,642,550				10,742,233
Natural gas (Mcf)			47,234,335			34,934,746		22,818,980			11,502,232				9,605,641
Oil (bbls)			328,752			278,055		208,957			190,053				189,432
Estimated Future Net Cash Flows from Proved Reserves
Estimated future revenue		$	400,671,000		$	202,358,000	$	136,525,000		$	27,118,000			$	24,860,000
Estimated present value of future net cash flows before income taxes (10% discount)		$	126,776,100		$	68,604,700	$	56,325,300		$	7,672,000			$	7,598,000
Estimated present value of future net cash flows after income taxes (10% discount)		$	91,293,000		$	51,530,000	$	42,841,000		$	7,385,000			$	5,014,000
Well Information
Total wells drilled (gross/net)			103/3.77			111/11.13		38/6.29			51/5.88				30/1.52
Productive wells drilled (gross/net)			103/3.77			111/11.13		37/5.43			50/5.83				30/1.52
Productive wells owned at year end (gross/net)			626/31.49			524/27.74		421/27.72			380/22.29				330/16.46
Total wells operated at year end			26			23		22			16				12
Total Leasehold Acreage
Gross acres			504,899			399,113		363,598			349,714				346,587
Net acres			217,410			141,562		88,950			83,477				83,477

DOUBLE EAGLE PETROLEUM COMPANY

SELECTED FINANCIAL DATA
Unaudited

(*Fiscal Years Ending August 31)	2005			2004		2003		2002*			2001*
Oil and gas sales	$	20,450,856		$	13,057,906	$	6,080,880	$	2,255,919		$	2,567,713
Sales of nonproducing leases		—			—		—		—			4,181
Other		51,391			209,167		57,532		14,244			9,562
Total revenues		20,502,247			13,267,073		6,138,412		2,270,163			2,581,456
Costs and expenses		14,485,804			8,768,763		5,002,461		5,093,130			2,247,750
Operating income (loss)		6,016,443			4,498,310		1,135,951		(2,822,967	)		337,706
Net income (loss)		3,964,650			4,028,203		971,822		(2,847,101	)		251,294
Per share amounts		.46			.47		.14		(.47	)		.05
Net cash flow from operating activities		10,318,897			7,434,543		3,238,885		118,697			1,556,258
Total assets		44,210,740			30,969,341		23,954,917		9,765,201			7,671,938
Currrent assets		5,896,253			6,169,729		4,021,219		616,419			396,622
Current liabilities		8,700,212			5,459,564		3,740,111		1,138,128			1,109,364
Working capital		(2,803,959	)		710,165		281,108		(521,709	)		(712,742	)
Total liabilities		14,432,484			6,042,429		4,098,611		3,388,128			2,135,771
Total stockholders’ equity		29,778,256			24,926,912		19,856,306		6,377,073			5,536,167
Stockholders’ equity per share					.00		2.38		.98			1.08

EX-99.3

Exhibit 99.3

Double Eagle Petroleum Company

P. O. Box 766 · Casper, WY 82602 · 1-307-237-9330 · Fax: 1-307-266-1823

FOR RELEASE AT 6:00 AM, EDT
Date: April 7, 2006

Double Eagle Petroleum Co. Retains Monarch Capital Consultants for Investor Relations Outreach

CASPER, Wyo., April 7^th, Double Eagle Petroleum Co. (NASDAQ Small-cap DBLE), a Rocky Mountain based independent oil and gas exploration and production company, has retained Monarch Capital Consultants, Inc. to implement a comprehensive institutional and high net-worth investor marketing strategy. Monarch will utilize its focused approach to institutional and high net worth investors with the objective of building a long term shareholder base for Double Eagle. Monarch will communicate Double Eagle’s impressive growth history and compelling exploration projects to Wall Street portfolio managers, buy and sell-side analysts as well as to retail brokers.

“Monarch Capital Consultants has proven ability in creating significant investor interest for companies in the energy sector as measured by liquidity, research coverage and expanding the shareholder base for its clients,” said Steve Hollis, Double Eagle’s CEO. “Double Eagle has built a solid portfolio of development drilling opportunities and exploration projects that could prove 2006 to be one of the most exciting years in Double Eagle’s history. We also have relatively low overhead and finding costs for our industry and we feel it is timely to inform Wall Street more thoroughly about the opportunities presented in our strategy,” added Hollis.

“Double Eagle Petroleum is well positioned for continued growth and increasing shareholder value,” said Jon Kruljac, managing partner of Monarch Capital Consultants. “We feel Wall Street will embrace Double Eagle’s success in the Rocky Mountains and its increasing capital expenditure program in 2006.”

About Double Eagle Petroleum Co.:

Double Eagle Petroleum was founded in 1972 and has offices in Casper, WY and Denver, CO. The company engages in the exploration, development, production and sale of crude oil and natural gas in the Rocky Mountain Basins of the western United States. As of December 31, 2005, the company had proved reserves of 49,000,000 mcfe.

About Monarch Capital Consultants, Inc.:

Monarch Capital Consultants is an independent strategic marketing firm that focuses on emerging growth and micro-cap companies. The firm’s two senior partners utilize their over 40 years of experience and relationships on Wall Street to assist companies seeking to expand their institutional shareholder base and the public at large. Monarch Capital Consultants has offices in Denver, CO and Boston, MA.

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This release may contain forward-looking statements regarding Double Eagle Petroleum Co.’s future and expected performance based on assumptions that the Company believes are reasonable. No assurances can be given that these statements will prove to be accurate. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, decreases in prices for natural gas and crude oil, unexpected decreases in gas and oil production, the timeliness, costs and success of development activities, unanticipated delays and costs resulting from regulatory compliance, and other risk factors described from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Contact:
Steve Hollis
Double Eagle Petroleum
307-237-9330

Contact:
Jon Kruljac
Monarch Capital Consultants
303-840-8166
jonkruljac@qwest.net