Double Eagle Petroleum Co. Announces Appointment of New Board
Member
DENVER, Dec. 7, 2012 /PRNewswire/ -- Double Eagle
Petroleum Co. (NASDAQ: DBLE) announced today the appointment
of Scott Baxter to the Company's
Board of Directors beginning January
1, 2013.
Mr. Baxter is the Managing Partner and founded Baxter Energy
Partners in 2002. He has over 20 years of energy investment
banking experience and has been responsible for building and
overseeing industry groups at major investment banking
firms. Mr. Baxter has advised a range of Fortune 500
and multinational companies and executed over $150 billion in transactions including M&A,
restructurings, and debt & equity financing.
Previously, Mr. Baxter was head of the Energy Group for
Houlihan Lokey and prior to that was
Head of the Americas for J.P. Morgan's global energy investment
banking group. Before that period, he was managing
director of Citigroup's (Salomon
Brothers) global energy investment banking
group. He currently serves on the Board of Directors
for Star Gas Partners and Weber State
University Presidents' National Advisory Board.
Mr. Baxter has also served as a faculty member at Columbia's
Graduate School of Business.
Mr. Baxter received his M.B.A from the University of
Chicago School of Business and his B.S. from Weber State
University.
About Double Eagle
Double Eagle Petroleum Co. explores for, develops, and sells
natural gas and crude oil, with natural gas constituting more than
95% of its production and reserves. The Company currently has
development activities and opportunities in its Atlantic Rim coal
bed methane and in the Pinedale Anticline in Wyoming. Also,
exploration potential exists in its Niobrara acreage in Wyoming and Nebraska, which totals over 74,000 net
acres.
This release contains forward-looking statements regarding
Double Eagle's future plans and expected performance based on
assumptions the Company believes to be reasonable. A number
of risks and uncertainties could cause actual results to differ
materially from these statements, including, without limitation,
the success rate of exploration efforts and the timeliness of
development activities, fluctuations in oil and gas prices, and
other risk factors described from time to time in the Company's
reports filed with the SEC. In addition, the Company operates
in an industry sector where securities values are highly volatile
and may be influenced by economic, environmental and other factors
beyond the Company's control. Double Eagle undertakes no
obligation to publicly update these forward-looking statements,
whether as a result of new information, future events or
otherwise.
Company Contact:
John
Campbell, IR
(303)
794-8445
www.dble.com
SOURCE Double Eagle Petroleum Co.