<HTML>
<HEAD>
<TITLE>sv8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Double Eagle Petroleum Co.</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><I>(Exact Name of Registrant as Specified in its Charter)</I></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Maryland</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>83-0214692</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><I>(State or Other Jurisdiction of</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><I>(I.R.S. Employer</I></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><I>Incorporation or Organization)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><I>Identification Number)</I></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>1675 Broadway, Suite&nbsp;2200<BR>
Denver, Colorado 80202<BR>
(303)&nbsp;794-8445</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><I>(Address of Principal Executive Office, including zip code)</I></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>2007 Stock Incentive Plan</B><BR>
<I>(Full Title of Plan)</I></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Kurtis Hooley<BR>
1675 Broadway, Suite&nbsp;2200<BR>
Denver, Colorado 80202<BR>
(303)&nbsp;794-8445</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><I>(Name, address, including zip code, and telephone number, including area code, of Agent for Service)</I></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Copy to:<BR>
Alan Talesnick, Esq.<BR>
Melissa L. Mong, Esq.<BR>
Patton Boggs LLP<BR>
1801 California Street, Suite&nbsp;4900<BR>
Denver, Colorado 80202<BR>
(303)&nbsp;830-1776</B></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer,
a non-accelerated filer, or a smaller reporting company.
See the definitions of &#147;large
accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the Exchange Act. (Check one):</DIV>



<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="center" valign="top">Large accelerated filer
<FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" valign="top">Accelerated filer <FONT face="Wingdings">&#254;</FONT>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD nowrap align="center">Non-accelerated filer &nbsp; <FONT face="Wingdings">&#111;</FONT><BR>
(Do not check if a smaller reporting company)</TD>
    <TD align="center">&nbsp;</TD>
    <TD nowrap align="center" valign="top">Smaller reporting company <FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>
</TR>
</TABLE>
</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount of</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Title of Securities to be</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount to be</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Offering Price per</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Aggregate</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Registration Fee</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Registered</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Registered (1)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Share (2)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Offering Price (2)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">(2)</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value
$.10 per share (3)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">119,087</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$14.81</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$1,763,678</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$69.31</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value
$.10 per share (4)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">108,882</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$14.81</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$1,612,542</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$63.37</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value
$.10 per share (5)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">272,031</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$6.82</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$1,855,252</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 2px solid #000000">$72.92</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Total (6):</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">500,000</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$5,231,472</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$205.60</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<DIV style="margin-top: 3pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Pursuant to Rule&nbsp;416 under the Securities Act of 1933, as amended, (the &#147;Securities Act&#148;) this Registration Statement shall
also cover additional shares of Common Stock that may become issuable by reason of any stock split, stock dividend,
recapitalization or other similar transactions effected without consideration that results in an increase in the number of the
Registrant&#146;s shares of outstanding Common Stock. In addition, this Registration Statement covers the resale by certain Selling
Stockholders named in the Prospectus included in and filed with this Form S-8 of certain of the shares of the Registrant&#146;s
Common Stock subject to this Registration Statement, for which no additional registration fee is required pursuant to Rule
457(h)(3).</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Solely for the purpose of calculating the registration fee, the offering price per share and the aggregate offering price
have been calculated pursuant to Rules 457(c) and 457(h) of the Securities Act computed on the basis of the market value of the
shares of Common Stock on December&nbsp;8, 2008 estimated in accordance with Rule&nbsp;457(c). The Proposed Maximum Aggregate Offering
Price was calculated using (i)&nbsp;the grant price value for shares of restricted stock previously granted, (ii)&nbsp;the exercise price
of the options previously granted for the shares underlying those options, and (iii)&nbsp;pursuant to Rule 457(h) using the average
of the high and low reported sales prices of the Company&#146;s common stock on the NASDAQ Global Select Market on December&nbsp;8, 2008,
which is within five business days of the date of filing of this registration statement, for shares for which the grant price or
exercise price is unknown because shares of restricted stock or options representing shares of common stock have not yet been
granted.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents shares of restricted stock granted under the 2007 Stock Incentive Plan.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents shares underlying outstanding options granted under the 2007 Stock Incentive Plan.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents shares available for future grants under the 2007 Stock Incentive Plan.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents total shares of restricted stock granted, shares underlying options granted, and available for grant, of 500,000
under the 2007 Stock Incentive Plan.</TD>
</TR>

</TABLE>
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">









<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Registration Statement on Form S-8 (this &#147;Registration Statement&#148;) registers the offer and
resale of shares of common stock, par value $0.10 per share, of Double Eagle Petroleum Co. (the
&#147;Company&#148;), consisting of (i)&nbsp;shares of restricted stock previously granted under the Company&#146;s
2007 Stock Incentive Plan (the &#147;2007 Plan&#148;); (ii)&nbsp;shares that will be issued upon the exercise of
options granted under the 2007 Plan; and (iv)&nbsp;shares available to be issued under the 2007 Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Registration Statement contains two parts. First, the materials that follow Part&nbsp;I of this
Registration Statement on Form S-8 (this &#147;Registration Statement&#148;) up to Part&nbsp;II of this
Registration Statement constitute the reoffer prospectus, prepared in accordance with Part&nbsp;I of
Form S-3, in accordance with General Instruction C of Form S-8 (the &#147;Prospectus&#148;). The Prospectus
permits reoffers and resales of those shares referred to above that constitute &#147;restricted
securities&#148; or &#147;control securities&#148;, within the meaning of Form S-8, by certain of the Company&#146;s
stockholders, as more fully set forth therein. The second part contains information required to be
set forth in the registration statement pursuant to Part&nbsp;II of Form S-8.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The documents containing the information required by Part&nbsp;I of this Registration Statement will be
sent or given to our employees, officers and directors, as specified by Rule&nbsp;428(b)(1) under the
Securities Act. Those documents do not need to be filed with the Securities and Exchange
Commission (the &#147;Commission&#148;) either as part of this Registration Statement or as prospectuses or
prospectus supplements pursuant to Rule&nbsp;424 under the Securities Act. These documents and the
documents incorporated by reference in this Registration Statement pursuant to Item&nbsp;3 of Part&nbsp;II of
this Registration Statement, taken together, constitute a prospectus that meets the requirement of
Section 10(a) of the Securities Act. The Company will provide without charge to any person, upon
written or oral request of such person, a copy of each document incorporated by reference in Item&nbsp;3
of Part&nbsp;II of this Registration Statement (which documents are incorporated by reference in the
Prospectus as set forth in Form S-8), other than exhibits to such documents that are not
specifically incorporated by reference, the other documents required to be delivered to eligible
employees pursuant to Rule 428(b) under the Securities Act and additional information about the
2007 Plan. Requests should be directed to the Company&#146;s Chief Financial Officer at 1675 Broadway,
Suite&nbsp;2200, Denver, Colorado 80202.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>REOFFER PROSPECTUS</B>
</DIV>


<DIV align="Center" style="font-size: 18pt; margin-top: 6pt"><B>DOUBLE EAGLE PETROLEUM CO.</B>

</DIV>

<DIV align="Center" style="font-size: 12pt; margin-top: 6pt">227,969 SHARES OF COMMON STOCK<BR>
Acquired or to be Acquired by the Selling Stockholders Under<BR>
2007 Stock Incentive Plan

</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This reoffer prospectus (this &#147;Prospectus&#148;) relates to the offer and resale of up to an
aggregate of 227,969 shares (the &#147;Shares&#148;) of common stock, par value $0.10 per share (the &#147;Common
Stock&#148;), of Double Eagle Petroleum Co., a Maryland corporation (the &#147;Company&#148;), consisting of
119,087 shares of restricted stock and 108,882 shares underlying options previously granted under
the Company&#146;s 2007 Stock Incentive Plan (the &#147;2007 Plan&#148;). The Shares may be offered and sold from
time to time by certain stockholders of the Company who may be deemed affiliates of the Company
after the filing of this registration statement (the &#147;Selling Stockholders&#148;). See &#147;Selling
Stockholders&#148;. This Prospectus has been prepared for the purpose of registering future sales of
the Shares by the Selling Stockholders, on a continuous or delayed basis, to the public without
restriction. Upon the effectiveness of this registration statement, the Selling Stockholders may
offer these Shares for resale for their own account from time to time.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Selling Stockholders may sell the Shares covered by this Prospectus through various means,
including directly or indirectly to purchasers, in one or more transactions on any stock market on
which the Shares are traded at the time of sale, in privately negotiated transactions, or through a
combination of these methods. Each Selling Stockholder that sells any Shares pursuant to this
Prospectus may be deemed to be an &#147;underwriter&#148; within the meaning of the Securities Act of 1933,
as amended (the &#147;Securities Act&#148;). Any commissions received by a broker or dealer in connection
with resales of shares may be deemed to be underwriting commissions or discounts under the
Securities Act. For additional information on the Selling Stockholders&#146; possible methods of sale,
you should refer to the section in this Prospectus entitled &#147;Plan of Distribution.&#148;
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will not receive any proceeds from the sale of the Shares being offered by the Selling
Stockholders. We will pay all of the expenses associated with this Prospectus. Brokerage
commissions and similar selling expenses, if any, attributable to the offer or sale of the Shares
will be borne by the applicable Selling Stockholder.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Common Stock is quoted on the NASDAQ Global Select Market under the symbol &#147;DBLE.&#148; On
December&nbsp;8, 2008, the closing price of our Common Stock on such market was $6.82 per share.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This investment involves a high degree of risk. <B>Please see &#147;Risk Factors&#148; beginning on page 3
of this Prospectus.</B>
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of these securities or determined whether this Prospectus is truthful or
complete. Any representation to the contrary is a criminal offense.</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">The date of this Prospectus is December&nbsp;12, 2008.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">TABLE OF CONTENTS
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Page</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#101">WHERE YOU CAN FIND ADDITIONAL INFORMATION</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#102">SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#103">SUMMARY</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#104">RISK FACTORS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#105">USE OF PROCEEDS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#106">SELLING STOCKHOLDERS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#107">PLAN OF DISTRIBUTION</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#108">EXPERTS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#109">LEGAL MATTERS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#110">INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#111">DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION FOR SECURITIES ACT LIABILITIES</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="d65555exv5w1.htm">EX-5.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="d65555exv23w1.htm">EX-23.1</A></FONT></TD></TR>
</TABLE>
</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">You should only rely on the information incorporated by reference or provided in this Prospectus or
any supplement. We have not authorized anyone else to provide you with different information. The
Shares are not being offered in any state where the offer is not permitted. You should not assume
that the information in this Prospectus or any supplement is accurate as of any date other than the
date on the front of this Prospectus.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left">
<A name="101"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>WHERE YOU CAN FIND ADDITIONAL INFORMATION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company is subject to the information requirements of the Securities Exchange Act of 1934, as
amended (the &#147;Exchange Act&#148;), and, in accordance therewith, files reports, proxy statements and
other information with the Securities and Exchange Commission (the &#147;Commission&#148;). The reports,
proxy statements and other information filed by the Company with the Commission can be inspected
and copied at the Public Reference Room of the Commission at 100 F Street, N.E., Washington, D.C.
20549. Copies of such material also may be obtained by mail from the Public Reference Room of the
Commission, 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates. Information regarding
the operation of the Public Reference Room may be obtained by calling the Commission at
1-800-SEC-0330. Additionally, the Commission maintains an Internet site that contains reports,
proxy and information statements and other information regarding registrants that file
electronically with the Commission and that is located at http://www.sec.gov.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Prospectus constitutes part of a Registration Statement on Form S-8 filed on the date hereof
(herein, together with all amendments and exhibits, referred to as the &#147;Registration Statement&#148;) by
the Company with the Commission under the Securities Act. This Prospectus does not contain all of
the information set forth in the Registration Statement, certain parts of which are omitted in
accordance with the rules and regulations of the Commission. For further information with respect
to the Company and the Common Stock, reference is hereby made to the Registration Statement.
Statements contained herein concerning the provisions of any contract, agreement or other document
are not necessarily complete, and in each instance reference is made to the copy of such contract,
agreement or other document filed as an exhibit to the Registration Statement or otherwise filed
with the Commission. Each such statement is qualified in its entirety by the foregoing reference.
Copies of the Registration Statement together with exhibits may be inspected at the offices of the
Commission as indicated above without charge and copies thereof may be obtained from the Commission
upon payment of a prescribed fee.
</DIV>

<DIV align="left">
<A name="102"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>This Prospectus contains forward-looking statements that may be affected by matters outside our
control that could cause materially different results.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We make these forward-looking statements in reliance on the safe harbor protections provided under
the Private Securities Litigation Reform Act of 1995. All statements, other than statements of
historical facts, included in this Prospectus that address activities, events or developments that
we expect, believe or anticipate will or may occur in the future are forward-looking statements.
These forward-looking statements are based on assumptions that we believe are reasonable based on
current expectations and projections about future events and industry conditions and trends
affecting our business. However, whether actual results and developments will conform to our
expectations and predictions is subject to a number of risks and uncertainties that, among other
things, could cause actual results to differ materially from those contained in the forward-looking
statements, including without limitation the Risk Factors set forth in this Prospectus beginning on
page 3 and the following:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our ability to continue to develop our Atlantic Rim project;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our ability to obtain, or a decline in, oil or gas production, or a decline in oil or
gas prices;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our ability to maintain adequate liquidity in connection with low oil and gas prices;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Incorrect estimates of required capital expenditures;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Increases in the cost of drilling, completion and gas collection or other costs of
production and operations;</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our ability to increase our natural gas and oil reserves;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The amount and timing of capital deployment in new investment opportunities;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The volumes of production from our oil and gas development properties, which may be
dependent upon issuance by federal, state, and tribal governments, or agencies thereof, of
drilling, environmental and other permits, and the availability of specialized
contractors, work force, and equipment;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our future capital requirements and availability of capital resources to fund capital
expenditures;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our ability to successfully integrate and profitably operate any future acquisitions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The possibility that we may be required to take impairment charges to reduce the
carrying value of some of our long-lived assets when indicators of impairment emerge;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Numerous uncertainties inherent in estimating quantities of proved oil and gas reserves
and actual future production rates and associated costs;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our ability to remedy any deficiencies that may be identified in the review of our
internal controls;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The credit worthiness of third parties with which we enter into business agreements;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>General economic and political conditions, including the current financial crisis, tax
rates or policies and inflation rates;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Changes in or compliance with laws and regulations, particularly those relating to
taxation, safety and protection of the environment;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Weather and other natural phenomena;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Industry and market changes, including the impact of consolidations and changes in
competition;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The effect of accounting policies issued periodically by accounting standard-setting
bodies;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The actions of third party co-owners of interests in properties in which we also own an
interest;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The cost and effects on our business, including insurance, resulting from terrorist
actions or natural disasters and responses to such actions or events;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The volatility of our stock price; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The outcome of any future litigation or similar disputes and the impact on any such
outcome or related settlements.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We may also make material acquisitions or divestitures or enter into financing transactions. None
of these events can be predicted with certainty and the possibility of their occurring is not taken
into consideration in the forward-looking statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">New factors that could cause actual results to differ materially from those described in
forward-looking statements emerge from time to time, and it is not possible for us to predict all
such factors, or the extent to which any such factor or combination of factors may cause actual
results to differ from those contained in any forward-looking statement. We assume no obligation to
update publicly any such forward-looking statements, whether as a result of new information, future
events, or otherwise.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left">
<A name="103"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SUMMARY</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>The following summary is qualified in its entirety by the more detailed information and the
financial statements and notes thereto appearing elsewhere in, or incorporated by reference into,
this Prospectus. Consequently, this summary does not contain all of the information that you
should consider before investing in our Common Stock. You should carefully read this entire
Prospectus, including the &#147;Risk Factors&#148; section, and the documents and information incorporated by
reference into this Prospectus before making an investment decision.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Prospectus relates to the offer and resale of 227,969 shares of our Common Stock that may be
offered for sale from time to time by the Selling Stockholders identified in this Prospectus. We
anticipate that the Selling Stockholders will offer the Shares for sale at prevailing market prices
on the NASDAQ Global Select Market on the date of that sale. We will not receive any proceeds from
these sales. We are paying the expenses incurred in registering the offer and resale of the
Shares, but all selling and other expenses incurred by each of the Selling Stockholders will be
borne by such Selling Stockholder.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Double Eagle Petroleum Co.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Our Corporate Information</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are an independent energy company engaged in the exploration, development, production and sale
of natural gas and crude oil, primarily in Rocky Mountain Basins of the western United States. We
were incorporated in the State of Wyoming in January&nbsp;1972 and reincorporated in the State of
Maryland in February&nbsp;2001. From 1995 to 2006, our common shares were publicly traded on the NASDAQ
Capital Market under the symbol &#147;DBLE&#148;. On December&nbsp;15, 2006, our common shares began trading on
the NASDAQ Global Select Market. Our Series&nbsp;A Cumulative Preferred Stock (&#147;Preferred Stock&#148;) was
issued and began trading on the NASDAQ Capital Market, under the symbol &#147;DBLEP&#148; on July&nbsp;3, 2007 and
began trading, under the symbol &#147;DBLEP&#148; on the NASDAQ Global Select Market on September&nbsp;30, 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our drilling and operation offices are located at 777 Overland Trail, Casper, Wyoming 82601, and
our telephone number there is (307)&nbsp;237-9330. Our principal executive offices are located at 1675
Broadway, Suite&nbsp;2200, Denver, Colorado 80202, and our telephone number there is (303)&nbsp;794-8445.
</DIV>

<DIV align="left">
<A name="104"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>RISK FACTORS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>You should carefully consider each of the following risk factors and all of the other information
provided in this Prospectus before investing in our Common Stock. The risks described below are
those we currently believe may materially affect us. An investment in our Common Stock involves a
high degree of risk, and should be considered only by persons who can afford the loss of their
entire investment.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>We may be unable to further develop our coal bed methane projects in the Atlantic Rim, which
would have a significant adverse effect on our current growth opportunities.</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The largest portion of our anticipated growth and planned capital expenditures are expected to be
from properties located in the Atlantic Rim that are covered by the Atlantic Rim EIS. In May&nbsp;2007,
the final Record of Decision for the Atlantic Rim EIS was issued, which allowed us, and other
operators in the area, to pursue additional coal bed methane drilling in the Atlantic Rim. That
decision was appealed and stays were requested in an attempt to postpone or cancel the commencement
of additional drilling in the Atlantic Rim EIS area. In September&nbsp;2007, the request was denied and
in November&nbsp;2007, United States District Judge Richard J. Leon issued his Order and Memorandum
Opinion denying a preliminary injunction to stop the Company&#146;s development efforts in the Atlantic
Rim EIS area. It is unknown whether the plaintiffs will continue with the underlying lawsuit
pursuant to which the injunction motion was filed, which could ultimately prevent future drilling
in this area. We believe our interests in this area hold potential for significant new reserves
that we may not be able to replace. If we are unable to pursue our drilling plans in the Atlantic
Rim area, we may be required to expend significant financial resources and time to try to find
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">other areas to replace the potential reserves in the Atlantic Rim area, and we can provide no
assurances that we will be able to find a suitable replacement, if any. Moreover, we may encounter
a number of difficulties when trying to replace the potential inventory of drilling sites currently
covered by the Atlantic Rim EIS. See the Risk Factors titled &#147; &#151; We may be unable to find
additional reserves, which would adversely impact our revenues&#148; and &#147;-Acquisitions are a part of
our business strategy and are subject to the risks and uncertainties of evaluating recoverable
reserves and potential liabilities&#148; discussed herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>We cannot predict the future price of oil and natural gas and an extended decline in prices could
hurt our profitability, financial condition and ability to grow.</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our revenues, profitability and liquidity, future rate of growth and carrying value of our oil and
gas properties are heavily dependent upon prevailing prices for natural gas and oil, which can be
extremely volatile and in recent years have been depressed by excess total domestic and imported
supplies. Prices also are affected by actions of federal, state and local agencies, the United
States and foreign governments, international cartels, levels of consumer demand, weather
conditions, and the price and availability of alternative fuels. In addition, sales of oil and
natural gas are seasonal in nature, leading to substantial differences in cash flow at various
times throughout the year. These external factors and the volatile nature of the energy markets
make it difficult to estimate future prices of oil and natural gas. Any substantial or extended
decline in the price of oil and/or natural gas would have a material adverse effect on our
financial condition and results of operations, including reduced cash flow and borrowing capacity.
All of these factors are beyond our control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Low oil and gas prices may adversely impact our ability to maintain adequate liquidity.</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All of our revenues are derived from the sale of our oil and gas production. While the Company&#146;s
cash flows from operations and its available capital from the capital markets and its credit
facility have been sufficient to meet its current operating expenses, capital expenditures,
drilling obligations and debt service requirements to date, the Company&#146;s future liquidity could be
negatively impacted by many factors including, but not limited to, continued substantial decreases
in the price of crude oil and natural gas from earlier 2008 levels. The Colorado Interstate Gas, or
CIG, spot price for natural gas has declined from $6.87 per mcf on July&nbsp;30, 2008 to $4.31 per mcf
on December&nbsp;10, 2008. The NYMEX crude oil spot price declined from a record high of approximately
$145 per barrel in July&nbsp;2008 to approximately $43 per barrel on December&nbsp;8, 2008. Current natural
gas and crude oil prices are significantly lower than prices in 2007 and earlier 2008. Based on
crude oil and natural gas prices at recent levels, the Company&#146;s oil and gas revenues are expected
to decrease in the fourth quarter of 2008 as compared to the each of the prior quarters of 2008,
resulting in a negative impact on liquidity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>We could be adversely impacted by a variety of changes in the oil and gas market that are beyond
our control.</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The marketability of our oil and gas production depends in part upon the availability, proximity
and capacity of gas gathering systems, pipelines and processing facilities. Federal and state
regulation of oil and gas production and transportation, general economic conditions, changes in
supply and changes in demand all could adversely affect our ability to produce and market oil and
natural gas. If market factors were to change dramatically, the financial impact could be
substantial because we would incur expenses without receiving revenues from the sale of production.
The availability of markets is beyond our control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>We may be unable to fund our planned capital expenditures.</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We spend and will continue to spend a substantial amount of capital for the acquisition,
exploration, exploitation, development and production of oil and gas reserves. We have historically
addressed our short and long-term liquidity needs through the use of cash flow provided by
operating activities, borrowing under bank credit facilities, and the issuance of equity. Without
adequate financing we may not be able to successfully execute our operating strategy. The
availability of these sources of capital will depend upon a number of factors, some of which are
beyond our control. These factors include:
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>general economic and financial market conditions, including the current financial
crisis;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>government action or inaction in light of key indicators of economic activity or events
that can significantly influence the U.S. financial markets;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>oil and natural gas prices; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our market value and operating performance.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We may be unable to execute our operating strategy if we cannot obtain adequate capital. If low oil
and natural gas prices, lack of adequate gathering or transportation facilities, operating
difficulties or other factors, many of which are beyond our control, cause our revenues and cash
flows from operating activities to decrease, we may be limited in our ability to spend the capital
necessary to complete our capital expenditures program.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>New government regulation and environmental risks could increase our cost of doing business.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The production and sale of oil and gas are subject to a variety of federal, state and local
government regulations. These include:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>prevention of waste;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>discharge of materials into the environment;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conservation of oil and natural gas, pollution, permits for drilling operations,
drilling bonds, reports concerning operations;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>spacing of wells; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>unitization and pooling of properties.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Many jurisdictions have at various times imposed limitations on the production of oil and gas by
restricting the rate of flow for oil and gas wells below their actual capacity to produce. Because
current regulations covering our operations are subject to change at any time, and despite our
belief that we are in substantial compliance with applicable environmental and other government
laws and regulations, we may incur significant costs for compliance in the future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>The exploration, development and operation of oil and gas properties involve substantial risks that
may result in a total loss of investment.</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The business of exploring for and, to a lesser extent, developing and operating oil and gas
properties involves a high degree of business and financial risk, and thus a substantial risk of
loss of investment that even a combination of experience, knowledge and careful evaluation may not
be able to overcome. Oil and gas drilling and production activities may be shortened, delayed or
canceled as a result of a variety of factors, many of which are beyond our control. These factors
include:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>unexpected drilling conditions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>pressure or irregularities in formations;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>equipment failures or accidents;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>adverse changes in prices;</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>weather conditions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shortages in experienced labor; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shortages or delays in the delivery of equipment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We may drill wells that are unproductive or, although productive, do not produce oil and/or natural
gas in commercial quantities. Acquisition and completion decisions generally are based on
subjective judgments and assumptions that are speculative. We cannot predict with certainty the
production potential of a particular property or well. Furthermore, a successful completion of a
well does not ensure a profitable return on the investment. A variety of geological, operational,
or market-related factors, including, but not limited to:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>unusual or unexpected geological formations, pressures, equipment failures or
accidents, fires, explosions, blowouts, cratering, pollution and other environmental
risks;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shortages or delays in the availability of drilling rigs and the delivery of equipment;
and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>loss of circulation of drilling fluids or other conditions.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These factors may substantially delay or prevent completion of any well or otherwise prevent a
property or well from being profitable. A productive well may become uneconomic in the event water
or other deleterious substances are encountered which impair or prevent the production of oil
and/or natural gas from the well. In addition, production from any well may be unmarketable if it
is contaminated with water or toxic substances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Our industry experiences numerous operating hazards that could result in substantial losses.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The exploration, development and operation of oil and gas properties also involve a variety of
operating risks including the risk of fire, explosions, blowouts, cratering, pipe failure,
abnormally pressured formations, natural disasters, acts of terrorism or vandalism, and
environmental hazards, including oil spills, gas leaks, pipeline ruptures or discharges of toxic
gases. These industry-related operating risks can result in injury or loss of life, severe damage
to or destruction of property, natural resources and equipment, pollution or other environmental
damage, clean-up responsibilities, regulatory investigation and penalties, and suspension of
operations which could result in substantial losses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We maintain insurance against some, but not all, of the risks described above. Such insurance may
not be adequate to cover losses or liabilities. Also, we cannot predict the continued availability
of insurance at premium levels that justify its purchase. Acts of terrorism and certain potential
natural disasters may change our ability to obtain adequate insurance coverage. The occurrence of a
significant event that is not fully insured or indemnified against could materially and adversely
affect our financial condition and operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Our prices may be impacted adversely by new taxes.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The federal, state and local governments in which we operate impose taxes on the oil and gas
products we sell. In the past, there has been a significant amount of discussion by legislators and
presidential administrations concerning a variety of energy tax proposals. In addition, many states
have raised state taxes on energy sources and additional increases may occur. We cannot predict
whether any of these measures would have an adverse impact on oil and natural gas prices.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Our reserves and future net revenues may differ significantly from our estimates.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The estimates of our reserves and future net revenues are not exact and are based on many variable
and uncertain factors. Therefore, these estimates may vary substantially from the actual amounts
depending, in
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">part, on the assumptions made and may be subject to adjustment either up or down in the future. The
actual amounts of production, revenues, taxes, development expenditures, operating expenses, and
quantities of recoverable oil and gas reserves that we encounter may vary substantially from the
estimated amounts. In addition, estimates of reserves are extremely sensitive to the market prices
for oil and gas.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Acquisitions are a part of our business strategy and are subject to the risks and uncertainties of
evaluating recoverable reserves and potential liabilities.</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We could be subject to significant liabilities related to acquisitions. The successful acquisition
of producing and non-producing properties requires an assessment of a number of factors, many of
which are beyond our control. These factors include recoverable reserves, future oil and gas
prices, operating costs and potential environmental and other liabilities, title issues and other
factors. It generally is not feasible to review in detail every individual property included in an
acquisition. Ordinarily, a review is focused on higher valued properties. Further, even a detailed
review of all properties and records may not reveal existing or potential problems, nor will it
permit us to become sufficiently familiar with the properties to assess fully their deficiencies
and capabilities. We do not always inspect every well we acquire, and environmental problems, such
as groundwater contamination, are not necessarily observable even when an inspection is performed.
We cannot assure you that our future acquisition activity will not result in disappointing results.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, there is strong competition for acquisition opportunities in our industry. Competition
for acquisitions may increase the cost of, or cause us to refrain from, completing acquisitions.
Our strategy of completing acquisitions is dependent upon, among other things, our ability to
obtain debt and equity financing and, in some cases, regulatory approvals. Our ability to pursue
our acquisition strategy may be hindered if we are not able to obtain financing or regulatory
approvals.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Acquisitions often pose integration risks and difficulties. In connection with future acquisitions,
the process of integrating acquired operations into our existing operations may result in
unforeseen operating difficulties and may require significant management attention and financial
resources that would otherwise be available for the ongoing development or expansion of existing
operations. Possible future acquisitions could result in our incurring additional debt, contingent
liabilities and expenses, all of which could have a material adverse effect on our financial
condition and operating results.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>The unavailability or high cost of drilling rigs, equipment, supplies, personnel and other oil
field services could adversely affect our ability to execute our exploration and development plans
on a timely basis and within our budget.</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our industry is cyclical and, from time to time, there is a shortage of drilling rigs, equipment,
supplies or qualified personnel. During these periods, the costs of rigs, equipment and supplies
are sometimes greater and their availability may be limited. As a result of increasing levels of
exploration and production in response to strong prices of crude oil and natural gas, the demand
for oilfield services has risen and the costs of these services has increased.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>We do not control all of our operations and development projects.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Certain of our business activities are conducted through operating agreements under which we own
partial interests in oil and natural gas wells.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If we do not operate wells in which we own an interest, we do not have control over normal
operating procedures, expenditures or future development of underlying properties. The failure of
an operator of our wells to adequately perform operations, or an operator&#146;s breach of the
applicable agreements, could reduce our production and revenues. The success and timing of our
drilling and development activities on properties operated by others therefore depends upon a
number of factors outside of our control, including the operator&#146;s:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>timing and amount of capital expenditures;</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>expertise and financial resources;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>inclusion of other participants in drilling wells; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>use of technology.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Since we do not have a majority interest in most wells that we do not operate, we may not be in a
position to remove the operator in the event of poor performance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Competition in the oil and natural gas industry is intense, and many of our competitors have
greater financial and other resources than we do.</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We operate in the highly competitive areas of oil and natural gas exploration, development and
production. We face intense competition from both major and other independent oil and natural gas
companies in each of the following areas:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>seeking to acquire desirable producing properties or new leases for future exploration;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>seeking to acquire the equipment and expertise necessary to develop and operate our
properties; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>retention and hiring of skilled employees.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Many of our competitors have financial and other resources substantially greater than ours, and
some of them are fully integrated oil companies. These companies may be able to pay more for
development prospects and productive oil and natural gas properties and may be able to define,
evaluate, bid for and purchase a greater number of properties and prospects than our financial or
human resources permit. Our ability to develop and exploit our oil and natural gas properties and
to acquire additional properties in the future will depend upon our ability to successfully conduct
operations, evaluate and select suitable properties, and consummate transactions in this highly
competitive environment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>We depend on key personnel.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our success depends to a significant extent upon the efforts and abilities of our senior management
and key employees. The loss of the services of these individuals could have a material adverse
effect upon our business and results of operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Declining economic conditions could negatively impact our business.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our operations are affected by local, national and worldwide economic conditions. The consequences
of a potential or prolonged recession may include a lower level of economic activity and
uncertainty regarding energy prices and the capital and commodity markets. A lower level of
economic activity might result in a decline in energy consumption, which may adversely affect our
revenues and future growth. Instability in the financial markets, as a result of recession or
otherwise, also may affect the cost of capital and our ability to raise capital.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>The trading volatility and price of our common stock may be affected by many factors.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition to our operating results and business prospects, many other factors affect the
volatility and price of our common stock. The most important of these, some of which are outside
our control, are the following:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The current financial crisis, which has caused significant market volatility worldwide;</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Governmental action or inaction in light of key indicators of economic activity or
events that can significantly influence U.S. financial markets, and media reports and
commentary about economic or other matters, even when the matter in question does not
directly relate to our business; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Trading activity in our common stock, which can be a reflection of changes in the
prices for oil and gas, or market commentary or expectations about our business and
overall industry.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="105"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>USE OF PROCEEDS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We will not receive any of the proceeds from the sale of the Shares by the Selling Stockholders.
The Selling Stockholders will pay any underwriting discounts, commissions and expenses for
brokerage, or any other expenses they incur in disposing of the Shares. We will bear all other
costs, fees and expenses incurred in effecting the registration of the Shares covered by this
Prospectus.
</DIV>
<DIV align="left">
<A name="106"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SELLING STOCKHOLDERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Prospectus relates to Shares that are being registered for reoffers and resales by Selling
Stockholders who have acquired (or, in some cases, may acquire)
Shares pursuant to the 2007 Plan. We may amend this Prospectus to
reflect future issuances under the 2007 Plan to Selling Shareholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Beneficial ownership is determined in accordance with the rules of the Commission, is based upon
9,170,910 shares outstanding as of December&nbsp;1, 2008, and generally includes voting or investment
power with respect to securities. Shares underlying options to purchase shares of Common Stock that
are currently exercisable or become exercisable within 60&nbsp;days of December&nbsp;1, 2008 and shares of
restricted stock that vest within 60&nbsp;days after December&nbsp;1, 2008 are deemed to be outstanding and
to be beneficially owned by the person holding such options for the purpose of computing the
percentage ownership of such person but are not treated as outstanding for the purpose of computing
the percentage ownership of any other person. Of the 227,969 shares listed below covered by this
Prospectus, 108,882 shares are shares to be issued upon exercise of outstanding options issued
pursuant to the 2007 Plan and 119,087 shares are shares of restricted stock that were issued
pursuant to the 2007 Plan, of which 2,879 have vested. The Selling Stockholders may resell all, a
portion, or none of the Shares from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The address of each stockholder listed below is care of Double Eagle Petroleum Co., 1675 Broadway,
Suite&nbsp;2200, Denver, Colorado. The following table sets forth the name and relationship to the
Company of each Selling Stockholder and: (1)&nbsp;the number of shares of Common Stock that each Selling
Stockholder beneficially owned as of December&nbsp;1, 2008; (2)&nbsp;the number of shares of Common Stock
that each Selling Stockholder may offer pursuant to this Reoffer Prospectus; and (3) (if one
percent or more) the percentage of the class to be beneficially owned by such stockholder assuming
the sale of all shares offered pursuant to this Prospectus.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="29%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="29%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares Covered</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Beneficially</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Beneficially</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Under this</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Owned After the</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Selling Stockholder</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Position</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Owned (a)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Prospectus (b)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Resale (a)</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Richard Dole</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Chairman of the Board,</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">44,552</TD>
    <TD nowrap>(1)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">149,719</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,609</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">CEO and President</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Kurtis Hooley</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Chief Financial Officer</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">29,250</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">21,099</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24,194</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">and Senior Vice President</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">D. Steven Degenfelder</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Senior Vice President of</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">128,078</TD>
    <TD nowrap>(5)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">19,276</TD>
    <TD nowrap>(6)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">123,387</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Exploration and New</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Ventures</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Robert Reiner</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Vice President of</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">29,437</TD>
    <TD nowrap>(7)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">15,185</TD>
    <TD nowrap>(8)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25,494</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Operations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Aubrey Harper</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Vice President of</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2,811</TD>
    <TD nowrap>(9)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">14,053</TD>
    <TD nowrap>(10)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Midstream Assets</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">and President of</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Eastern Washakie</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Midstream LLC</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="29%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="29%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares Covered</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Beneficially</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Beneficially</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Under this</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Owned After the</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Selling Stockholder</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Position</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Owned (a)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Prospectus (b)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Resale (a)</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sigmund Balaban</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Director</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">11,051</TD>
    <TD nowrap>(11)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,114</TD>
    <TD nowrap>(12)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,309</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Roy Cohee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Director</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">50,078</TD>
    <TD nowrap>(13)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3,065</TD>
    <TD nowrap>(14)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48,034</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Brent A. Hathaway</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Director</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2,972</TD>
    <TD nowrap>(15)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">4,458</TD>
    <TD nowrap>(16)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>TOTALS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>298,229</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>227,969</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>246,027</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(a)</TD>
    <TD>&nbsp;</TD>
    <TD>Does not include shares underlying stock options that are not exercisable within 60&nbsp;days after
December&nbsp;1, 2008. Also does not include restricted common stock shares that do not vest within 60
days of December&nbsp;1, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(b)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes shares underlying stock options granted under the 2007 Plan that are not exercisable
within 60&nbsp;days after December&nbsp;1, 2008. Also includes restricted common stock shares granted under
the 2007 Plan that do not vest within 60&nbsp;days after December&nbsp;1, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 9,609 shares of common stock directly held by Mr.&nbsp;Dole and 8,167 shares of restricted
stock granted to Mr.&nbsp;Dole under the 2007 Plan that vest on December&nbsp;31, 2008. Also includes 26,776
shares of common stock issuable upon exercise of outstanding options that are exercisable or become
exercisable within 60&nbsp;days of December&nbsp;1, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 40,837 shares of restricted stock granted to Mr.&nbsp;Dole under the 2007 Plan that vest
20% on December&nbsp;31, 2008 then 20% each December&nbsp;31 thereafter. Also includes 108,882 shares of
common stock issuable upon exercise of outstanding options granted to Mr.&nbsp;Dole under the 2007 Plan.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 3,500 shares of common stock directly held by Mr.&nbsp;Hooley, 4,011 shares of restricted
stock granted to Mr.&nbsp;Hooley under the 2007 Plan that vest on December&nbsp;31, 2008 and 1,045 shares of
restricted stock granted to Mr.&nbsp;Hooley under the 2007 Plan that vest 1/3 on each the first, second
and third anniversary dates from the January&nbsp;15, 2008 grant date. Also includes 20,694 shares of
common stock issuable upon exercise of outstanding options that are exercisable or become
exercisable within 60&nbsp;days of December&nbsp;1, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 20,054 shares of restricted stock granted to Mr.&nbsp;Hooley under the 2007 Plan that vest
20% on December&nbsp;31, 2008 then 20% each December&nbsp;31 thereafter. Also includes 1,045 shares of
restricted stock granted to Mr.&nbsp;Hooley under the 2007 Plan that vest 1/3 on each the first, second
and third anniversary dates from the January&nbsp;15, 2008 grant date.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 89,665 shares of common stock directly held by Mr.&nbsp;Degenfelder and 3,646 shares of
restricted stock granted to Mr.&nbsp;Degenfelder under the 2007 Plan that vest on December&nbsp;31, 2008 and
1,045 shares of restricted stock granted to Mr.&nbsp;Degenfelder under the 2007 that vest 1/3 on each
the first, second and third anniversary dates from the January&nbsp;15, 2008 grant date. Also includes
33,722 shares of common stock issuable upon exercise of outstanding options that are exercisable or
become exercisable within 60&nbsp;days of December&nbsp;1, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 18,231 shares of restricted stock granted to Mr.&nbsp;Degenfelder under the 2007 Plan that
vest 20% on December&nbsp;31, 2008 then 20% each December&nbsp;31 thereafter. Also includes 1,045 shares of
restricted stock granted to Mr.&nbsp;Degenfelder under the 2007 Plan that vest 1/3 on each the first,
second and third anniversary dates from the January&nbsp;15, 2008 grant date.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(7)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 1,500 shares of common stock directly held by Mr.&nbsp;Reiner, 1,132 vested shares of
restricted stock granted to Mr.&nbsp;Reiner under the 2007 Plan that vest 1/3 on each the first, second
and third anniversary dates from the January&nbsp;15, 2008 grant date, and 2,811 shares of restricted
stock granted to Mr.&nbsp;Reiner under the 2007 Plan that vest on December&nbsp;31, 2008. Also includes
23,994 shares of common stock issuable upon exercise of outstanding options that are exercisable or
become exercisable within 60&nbsp;days of December&nbsp;1, 2008.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(8)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 14,053 shares of restricted stock granted to Mr.&nbsp;Reiner under the 2007 Plan that vest
20% on December&nbsp;31, 2008 then 20% each December&nbsp;31 thereafter. Also includes 1,132 shares of
restricted stock granted to Mr.&nbsp;Reiner under the 2007 Plan that vest 1/3 on each the first, second
and third anniversary dates from the January&nbsp;15, 2008 grant date.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(9)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 2,811 shares of restricted stock granted to Mr.&nbsp;Harper under the 2007 Plan that vest
on December&nbsp;31, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(10)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 14,053 shares of restricted stock granted to Mr.&nbsp;Harper under the 2007 Plan that vest
20% on December&nbsp;31, 2008 then 20% each December&nbsp;31 thereafter.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(11)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 5,309 shares of common stock directly held by Mr.&nbsp;Balaban and 742 shares of
restricted stock granted to Mr.&nbsp;Balaban under the 2007 Plan that have vested or will vest within 60
days of December&nbsp;1, 2008. Also includes 5,000 shares of common stock issuable upon exercise of
outstanding options that are exercisable or become exercisable within 60&nbsp;days of December&nbsp;1, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(12)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 1,114 shares of restricted stock granted to Mr.&nbsp;Balaban under the 2007 Plan that vest
one-third on October&nbsp;1, 2008, January&nbsp;1, 2009 and April&nbsp;1, 2009, respectively.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(13)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 42,034 shares of common stock directly held by Mr.&nbsp;Cohee, 1,000 shares held by Mr.
Cohee&#146;s wife and 2,044 shares of restricted stock granted to Mr.&nbsp;Cohee under the 2007 Plan that
have vested or will vest within 60&nbsp;days of December&nbsp;1, 2008. Also includes 5,000 shares of common
stock issuable upon exercise of outstanding options that are exercisable or become exercisable
within 60&nbsp;days of December&nbsp;1, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(14)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 3,065 shares of restricted stock granted to Mr.&nbsp;Cohee under the 2007 Plan that vest
one-third on October&nbsp;1, 2008, January&nbsp;1, 2009 and April&nbsp;1, 2009, respectively.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(15)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 2,972 shares of restricted stock granted to Mr.&nbsp;Hathaway under the 2007 Plan that
have vested or will vest within 60&nbsp;days of December&nbsp;1, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(16)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 4,458 shares of restricted stock granted to Mr.&nbsp;Hathaway under the 2007 Plan that
vest one-third on October&nbsp;1, 2008, January&nbsp;1, 2009 and April&nbsp;1, 2009, respectively.</TD>
</TR>

</TABLE>


<DIV align="left">
<A name="107"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PLAN OF DISTRIBUTION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Shares covered by this Prospectus are being registered by us for the account of the Selling
Stockholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Shares offered by this Prospectus may be sold from time to time directly by or on behalf of the
Selling Stockholders in one or more transactions on the NASDAQ Global Select Market or on any stock
exchange on which the Common Stock may be listed at the time of sale, in privately negotiated
transactions, or through a combination of these methods. The Selling Stockholders may sell Shares
through one or more agents, brokers or dealers or directly to purchasers. These brokers or dealers
may receive compensation in the form of commissions, discounts or concessions from the Selling
Stockholders and/or purchasers of the Shares, or both. Compensation as to a particular broker or
dealer may be in excess of customary commissions. The Selling Stockholders will act independently
of us in making decisions with respect to the timing, manner and size of each sale or non-sale
related transfer. If a Selling Stockholder is an employee, officer or director of the Company, he
or she will be subject to the Company&#146;s policies concerning trading and other transactions in the
Company&#146;s securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each Selling Stockholder of the Shares and any of their pledgees, assignees and
successors-in-interest may, from time to time, sell any or all of their Shares on any stock
exchange, market or trading facility on which the shares are traded or in private transactions.
These sales may be at fixed or negotiated prices. A Selling Stockholder may use any one or more of
the following methods when selling the Shares:
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ordinary brokerage transactions and transactions in which the broker-dealer solicits
purchasers;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>block trades in which the broker-dealer will attempt to sell the shares as agent but
may position and resell a portion of the block as principal to facilitate the transaction;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>purchases by a broker-dealer as principal and resale by the broker-dealer for its
account;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an exchange distribution in accordance with the rules of the applicable exchange;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>privately negotiated transactions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>settlement of short sales entered into after the date of this Prospectus;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>broker-dealers may agree with the Selling Stockholders to sell a specified number of
such shares at a stipulated price per share;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a combination of any such methods of sale;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>through the writing or settlement of options or other hedging transactions, whether
through an options exchange or otherwise; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any other method permitted pursuant to applicable law.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Selling Stockholders may also sell shares under Rule&nbsp;144 under the Securities Act, if
available, rather than under this Prospectus. There is no assurance that the Selling Stockholders
will sell all or a portion of the stock being offered hereby.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the sale of Shares, the Selling Stockholders may enter into hedging transactions
with broker-dealers or other financial institutions, which may in turn engage in short sales of the
Shares in the course of hedging the positions they assume. The Selling Stockholders may also sell
the Shares short and deliver these Shares to close out short positions, or loan or pledge the
Shares to broker-dealers or other financial institutions that in turn may sell these Shares. The
Selling Stockholders may also enter into option or other transactions with broker-dealers or other
financial institutions that require the delivery to the broker-dealer or other financial
institution of the Shares, which the broker-dealer or other financial institution may resell
pursuant to this Prospectus, or enter into transactions in which a broker-dealer makes purchases as
a principal for resale for its own account or through other types of transactions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the sales, a Selling Stockholder and any participating broker or dealer may be
deemed to be &#147;underwriters&#148; within the meaning of the Securities Act, and any commissions they
receive and the proceeds of any sale of Shares may be deemed to be underwriting discounts or
commissions under the Securities Act. A Selling Stockholder who is deemed to be an &#147;underwriter&#148;
within the meaning of Section&nbsp;2(11) of the Securities Act will be subject to the prospectus
delivery requirements of the Securities Act. The Selling Stockholders and any other person
participating in such distribution will be subject to applicable provisions of the Exchange Act and
the rules and regulations thereunder, including, without limitation, Regulation&nbsp;M. Regulation&nbsp;M may
limit the timing of purchases and sales of shares of our Common Stock by the Selling Stockholders
and any other person. Furthermore, Regulation&nbsp;M may restrict, for a period of up to five business
days prior to the commencement of the distribution, the ability of any person engaged in a
distribution of shares of our Common Stock to engage in market-making activities with respect to
these shares. All of the foregoing may affect the marketability of shares of our Common Stock and
the ability of any person or entity to engage in market-making activities with respect to shares of
our Common Stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To the extent required, the Shares to be sold, the names of the persons selling the Shares, the
respective purchase prices and public offering prices, the names of any agent, dealer or
underwriter and any applicable commissions or discounts with respect to a particular offer will be
set forth in an accompanying prospectus
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->12<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">supplement or, if appropriate, a post-effective amendment to the registration statement of which
this Prospectus is a part.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are bearing all of the fees and expenses relating to the registration of the Shares. Any
underwriting discounts, commissions or other fees payable to broker-dealers or agents in connection
with any sale of the Shares will be borne by the Selling Stockholders. In order to comply with
certain states&#146; securities laws, if applicable, the Shares may be sold in such jurisdictions only
through registered or licensed brokers or dealers. In certain states, the Shares may not be sold
unless the Shares have been registered or qualified for sale in such state, or unless an exemption
from registration or qualification is available and is obtained and complied with. Sales of the
Shares must also be made by the Selling Stockholders in compliance with all other applicable state
securities laws and regulations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Selling Stockholders may agree to indemnify any broker-dealer or agent that participates in
transactions involving sales of the Shares against certain liabilities in connection with the
offering of the Shares arising under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have notified the Selling Stockholders of the need to deliver a copy of this Prospectus in
connection with any sale of the Shares.
</DIV>
<DIV align="left">
<A name="108"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPERTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our consolidated financial statements as of December&nbsp;31, 2007 and December&nbsp;31, 2006 and for the
years ended December&nbsp;31, 2007, December&nbsp;31, 2006 and December&nbsp;31, 2005, incorporated by reference
in this Prospectus, and the related financial statement schedule incorporated by reference in this
Prospectus, have been audited by Hein &#038; Associates LLP, a registered independent public accounting
firm, as stated in its reports incorporated by reference herein, and are included in reliance upon
the reports of such firm given upon its authority as an expert in accounting and auditing.
</DIV>
<DIV align="left">
<A name="109"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>LEGAL MATTERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The validity of the Shares being offered hereby has been passed upon for the Company by Patton
Boggs LLP. Attorneys employed by that law firm beneficially own an aggregate of approximately
50,500 shares of our common stock and 3,000 shares of our preferred stock. Attorneys employed by
that law firm also own an aggregate 1.125&nbsp;percent working interest in certain oil and gas leases in
a project area in which we are the operator and also a working interest owner.
</DIV>
<DIV align="left">
<A name="110"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We disclose important information to you by referring you to documents that we have previously
filed with the Commission or documents we will file with the Commission in the future. We hereby
incorporate by reference the following documents into this Prospectus:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2007, filed with
the Commission on March&nbsp;13, 2008;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Quarterly Reports on Form 10-Q for the quarters ended March&nbsp;31, 2008, June&nbsp;30,
2008, and September&nbsp;30, 2008, respectively (filed with the Commission on May&nbsp;8, 2008,
August&nbsp;6, 2008, and November&nbsp;7, 2008, respectively);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Proxy Statement filed on April&nbsp;16, 2008 in connection with our 2008 Annual Meeting
of Shareholders;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Current Reports on Form 8-K filed with the Commission on January&nbsp;17, 2008, February
1, 2008, April&nbsp;4, 2008 (except for Item&nbsp;7.01 and Exhibits 99.1 and 99.2), May&nbsp;14, 2008,
June&nbsp;3,</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2008, June&nbsp;27, 2008, September&nbsp;9, 2008 (except for Item&nbsp;7.01 and Exhibits 99.1, 99.2 and
99.3) pursuant to Section&nbsp;13 of the Securities Exchange Act of 1934, as amended; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the description of our Common Stock set forth in our prospectus filed pursuant to Rule
424(b) of the Securities Act of 1933 (as amended), filed with the Commission December&nbsp;18,
1996, and all amendments and reports filed by us to update that description.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Additionally, all documents filed by us with the SEC under Sections&nbsp;13(a), 13(c), 14 or 15(d) of
the Securities Exchange Act of 1934, as amended, after the date of this Prospectus and before the
termination or completion of this offering shall be deemed to be incorporated by reference into
this Prospectus from the respective dates of filing of such documents. Any information that we
subsequently file with the Commission that is incorporated by reference as described above will
automatically update and supersede any previous information that is part of this Prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Upon written or oral request, we will provide you without charge, a copy of any or all of the
documents incorporated by reference, other than exhibits to those documents unless the exhibits are
specifically incorporated by reference in the documents. Please send requests to Double Eagle
Petroleum Co., Attention Chief Financial Officer, 1675 Broadway, Suite&nbsp;2200, Denver, Colorado
80202, or call (303)&nbsp;794-8445.
</DIV>
<DIV align="left">
<A name="111"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION<BR>
FOR SECURITIES ACT LIABILITIES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our Bylaws provide that we are required to indemnify our directors and officers to the fullest
extent permitted by law, including those circumstances in which indemnification would otherwise be
discretionary. We also have adopted, in our Articles of Incorporation, a provision under Section
2-405.2 of the Maryland Code that eliminates and limits certain personal liability of directors and
officers for monetary damages for breaches of the fiduciary duty of care.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended,
may be permitted to such directors, officers and controlling persons pursuant to the foregoing
provisions, or otherwise, we have been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the event that a claim for indemnification against such liabilities, other than the payment by
Double Eagle Petroleum Co. of expenses incurred or paid by such director, officer or controlling
person in the successful defense of any action, suit or proceeding, is asserted by such director,
officer or controlling person in connection with the securities being registered, we will, unless
in the opinion of counsel the matter has been settled by controlling precedent, submit to a court
of appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final adjudication.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->14<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">NO DEALER, SALESMAN OR ANY OTHER PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR TO MAKE ANY
REPRESENTATIONS OTHER THAN THOSE CONTAINED IN THIS PROSPECTUS, AND, IF GIVEN OR MADE, SUCH
INFORMATION OR REPRESENTATIONS MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE COMPANY OR
ANY SELLING STOCKHOLDER. NEITHER THE DELIVERY OF THIS PROSPECTUS NOR ANY SALE MADE HEREUNDER SHALL,
UNDER ANY CIRCUMSTANCES, IMPLY THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE COMPANY OR THAT
THE INFORMATION HEREIN IS CORRECT AS OF ANY TIME SUBSEQUENT TO THE DATE AS OF WHICH SUCH
INFORMATION IS GIVEN. THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF
ANY OFFER TO BUY ANY OF THE SECURITIES OFFERED HEREBY TO ANYONE IN ANY JURISDICTION IN WHICH SUCH
OFFER OR SOLICITATION IS NOT AUTHORIZED OR IN WHICH THE PERSON MAKING SUCH OFFER OR SOLICITATION IS
NOT QUALIFIED TO DO SO OR TO ANYONE TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Table of Contents:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">WHERE YOU CAN FIND ADDITIONAL INFORMATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">SPECIAL NOTE REGARDING FORWARDLOOKING STATEMENTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">SUMMARY</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">RISK FACTORS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">USE OF PROCEEDS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">SELLING STOCKHOLDERS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">PLAN OF DISTRIBUTION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EXPERTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">LEGAL MATTERS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION FOR SECURITIES ACT LIABILITIES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">DOUBLE EAGLE PETROLEUM CO. HAS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, WASHINGTON, D.C.,
A REGISTRATION STATEMENT UNDER THE SECURITIES ACT WITH RESPECT TO THE SHARES OFFERED HEREBY. THIS
PROSPECTUS OMITS CERTAIN INFORMATION CONTAINED IN THE REGISTRATION STATEMENT. THE INFORMATION
OMITTED MAY BE OBTAINED FROM THE SECURITIES AND EXCHANGE COMMISSION UPON PAYMENT OF THE REGULAR
CHARGE THEREFORE.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">227,969 SHARES
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">DOUBLE EAGLE PETROLEUM CO.

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">COMMON STOCK

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">REOFFER PROSPECTUS

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">December&nbsp;12, 2008

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->15<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We hereby incorporate by reference the following documents into this Registration Statement:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2007, filed with
the Commission on March&nbsp;13, 2008;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Quarterly Reports on Form 10-Q for the quarters ended March&nbsp;31, 2008, June&nbsp;30,
2008, and September&nbsp;30, 2008, respectively (filed with the Commission on May&nbsp;8, 2008,
August&nbsp;6, 2008, and November&nbsp;7, 2008, respectively);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Proxy Statement filed on April&nbsp;16, 2008 in connection with our 2008 Annual Meeting
of Shareholders;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Current Reports on Form 8-K filed with the Commission on January&nbsp;17, 2008, February
1, 2008, April&nbsp;4, 2008 (except for Item&nbsp;7.01 and Exhibits 99.1 and 99.2), May&nbsp;14, 2008,
June&nbsp;3, 2008, June&nbsp;27, 2008, September&nbsp;9, 2008 (except for Item&nbsp;7.01 and Exhibits 99.1,
99.2 and 99.3) pursuant to Section&nbsp;13 of the Securities Exchange Act of 1934, as amended;
and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the description of our Common Stock set forth in our prospectus filed pursuant to Rule
424(b) of the Securities Act of 1933 (as amended), filed with the Commission December&nbsp;18,
1996, and all amendments and reports filed by us to update that description.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All documents we file pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Exchange Act
subsequent to the date hereof and prior to the filing of a post-effective amendment that indicates
that all securities offered have been sold or that deregisters all securities then remaining unsold
shall be deemed to be incorporated by reference into this Registration Statement and to be part
hereof from the date of filing of such documents. Any statement contained in a document
incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement contained
herein or in any other subsequently filed document which also is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any such statement so modified or
superseded shall not be deemed, except as so modified or superseded, to constitute a part hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 4. DESCRIPTION OF SECURITIES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We incorporate by reference herein the description of our securities set forth in our prospectus
filed pursuant to Rule 424(b) under the Securities Act of 1933 (as amended), filed on December&nbsp;18,
1996, File No.&nbsp;333-14011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our consolidated financial statements as of December&nbsp;31, 2007 and December&nbsp;31, 2006 and for the
years ended December&nbsp;31, 2007, December&nbsp;31, 2006 and December&nbsp;31, 2005, incorporated by reference
in this Prospectus, and the related financial statement schedule incorporated by reference in this
Prospectus, have been audited by Hein &#038; Associates LLP, a registered independent public accounting
firm, as stated in its reports incorporated by reference herein, and are included in reliance upon
the reports of such firm given upon its authority as an expert in accounting and auditing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The validity of the Shares being offered hereby has been passed upon for the Company by Patton
Boggs LLP. Attorneys employed by that law firm beneficially own an aggregate of approximately
50,500 shares
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->16<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">of our common stock and 3,000 shares of our preferred stock. Attorneys employed by that law firm
also own an aggregate 1.125&nbsp;percent working interest in certain oil and gas leases in a project
area in which we are the operator and also a working interest owner.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Section&nbsp;2-418 of the General Corporation Law of the State of Maryland (the &#147;Maryland Code&#148;)
provides for mandatory indemnification against reasonable expenses incurred by directors and
officers of a corporation in connection with an action, suit or proceeding brought by reason of
their position as a director or officer if they are successful, on the merits or otherwise, in
defense of the proceeding. In addition, a corporation may indemnify directors or officers in such
proceedings if the director or officer acted in good faith, in a manner he reasonably believed to
be in or not opposed to the best interests of the corporation, and, in the case of a criminal
proceeding, he had no reasonable cause to believe that his conduct was unlawful.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Maryland Code also permits a corporation to expand the rights to indemnification by a provision
in its bylaws, by an agreement, by resolution of shareholders or directors not involved in the
proceeding, or otherwise. However, a corporation may not indemnify a director or officer if the
proceeding was one by or on behalf of the corporation and in the proceeding the director of officer
is adjudged to be liable to the corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company&#146;s Bylaws provide that the Company is required to indemnify its directors and officers
to the fullest extent permitted by law, including those circumstances in which indemnification
would otherwise be discretionary. The Company also has adopted, in its Articles of Incorporation,
a provision under Section&nbsp;2-405.2 of the Maryland Code that eliminates and limits certain personal
liability of directors and officers for monetary damages for breaches of the fiduciary duty of
care.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Not applicable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 8. EXHIBITS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following documents are filed as exhibits to this Registration Statement:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2007 Stock Incentive Plan (Incorporated by reference to the Company&#146;s definitive proxy
statement on Form&nbsp;DEF 14A filed with the Commission on April&nbsp;18, 2007.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion and Consent of Patton Boggs LLP</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Hein &#038; Associates, LLP</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Patton Boggs LLP (included in Exhibit&nbsp;5.1)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on signature page hereto)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->17<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 9. UNDERTAKINGS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant hereby undertakes:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement to:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Include any prospectus required by Section&nbsp;10(a)(3) of the
Securities Act;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Reflect in the prospectus any facts or events arising after
the effective date of the Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information in the Registration
Statement. Notwithstanding the foregoing, any increase or decrease in volume
of securities offered (if the total dollar value of securities offered would
not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price represent no more than a 20% change
in the maximum aggregate offering price set forth in the &#147;Calculation of
Registration Fee&#148; table in the effective registration statement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any
material change to such information in the Registration Statement;</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply because this Registration
Statement is on Form S-8 and the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed with or furnished to the Commission by
the registrant pursuant to Section&nbsp;13 or 15(d) of the Exchange Act that are incorporated by
reference to the Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrant&#146;s annual report pursuant to
Section 13(a) or 15(d) of the Exchange Act that is incorporated by reference in the Registration
Statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to the directors, officers and controlling persons of the registrant pursuant to the
foregoing provision, or otherwise, the registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the registrant of expenses incurred or paid by a director, officer or
controlling person of the registrant in the successful defense of any action, suit, or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and will be
governed by final adjudication of such issue.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->18<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left">
<A name="112"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, the registrant certifies that it has
reasonable grounds to believe that its meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the city of Denver, State of Colorado, on this 12<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day of December
2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">DOUBLE EAGLE PETROLEUM CO.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Richard Dole
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Richard Dole&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President, Chief Executive Officer and Chairman
of the Board&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below appoints Richard Dole, individually, as true and
lawful attorneys-in-fact and agents, with full power of substitution to sign any amendments
(including post-effective amendments) to this Registration Statement and to each registration
statement amended hereby, and to file the same, with all exhibits and other related documents, with
the Commission, with full power and authority to perform any necessary or appropriate act in
connection with the amendment(s).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed below by the following persons in the capacities and on the dates indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Richard Dole
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December&nbsp;12, 2008</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Richard Dole</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Chief Executive Officer and Chairman of the Board</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Principal Executive Officer)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Kurtis Hooley
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December 12, 2008</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Kurtis Hooley</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Financial Officer and Senior Vice President</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Principal Financial and Accounting Officer)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Sigmund Balaban
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December 12, 2008</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sigmund Balaban</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Roy G. Cohee
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December 12, 2008</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Roy G. Cohee</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Brent Hathaway
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December 12, 2008</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Brent Hathaway</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->19<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
<A name="113"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2007 Stock Incentive Plan (Incorporated by reference to the Company&#146;s definitive proxy
statement on Form&nbsp;DEF 14A filed with the Commission on April&nbsp;18, 2007.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion and Consent of Patton Boggs LLP</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Hein &#038; Associates LLP</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Patton Boggs LLP (included in Exhibit&nbsp;5.1)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on signature page hereto)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->20<!-- /Folio -->
</DIV>

</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "d65555sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 169288}]
{"company-data": {"conformed-name": "DOUBLE EAGLE PETROLEUM CO", "cik": "0000029834", "assigned-sic": "1311", "irs-number": "830214692", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-156100", "film-number": "081246710"}, "business-address": {"street1": "777 OVERLAND TRAIL", "street2": "PO BOX 766", "city": "CASPER", "state": "WY", "zip": "82602", "phone": "3072379330"}, "mail-address": {"street1": "P O BOX 766", "street2": "P O BOX 766", "city": "CASPER", "state": "WY", "zip": "82601"}, "former-company": {"former-conformed-name": "DOUBLE EAGLE PETROLEUM & MINING CO", "date-changed": "19920703"}}
sv8
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Double Eagle Petroleum Co.
(Exact Name of Registrant as Specified in its Charter)
Maryland
83-0214692
(State or Other Jurisdiction of
(I.R.S. Employer
Incorporation or Organization)
Identification Number)
1675 Broadway, Suite 2200
Denver, Colorado 80202
(303) 794-8445
(Address of Principal Executive Office, including zip code)
2007 Stock Incentive Plan
(Full Title of Plan)
Kurtis Hooley
1675 Broadway, Suite 2200
Denver, Colorado 80202
(303) 794-8445
(Name, address, including zip code, and telephone number, including area code, of Agent for Service)
Copy to:
Alan Talesnick, Esq.
Melissa L. Mong, Esq.
Patton Boggs LLP
1801 California Street, Suite 4900
Denver, Colorado 80202
(303) 830-1776
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer,
a non-accelerated filer, or a smaller reporting company.
See the definitions of "large
accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer
o
Accelerated filer
þ
Non-accelerated filer
o
(Do not check if a smaller reporting company)
Smaller reporting company
o
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Maximum
Maximum
Amount of
Title of Securities to be
Amount to be
Offering Price per
Aggregate
Registration Fee
Registered
Registered (1)
Share (2)
Offering Price (2)
(2)
Common Stock, par value
$.10 per share (3)
119,087
$14.81
$1,763,678
$69.31
Common Stock, par value
$.10 per share (4)
108,882
$14.81
$1,612,542
$63.37
Common Stock, par value
$.10 per share (5)
272,031
$6.82
$1,855,252
$72.92
Total (6):
500,000
$5,231,472
$205.60
(1)
Pursuant to Rule 416 under the Securities Act of 1933, as amended, (the "Securities Act") this Registration Statement shall
also cover additional shares of Common Stock that may become issuable by reason of any stock split, stock dividend,
recapitalization or other similar transactions effected without consideration that results in an increase in the number of the
Registrant's shares of outstanding Common Stock. In addition, this Registration Statement covers the resale by certain Selling
Stockholders named in the Prospectus included in and filed with this Form S-8 of certain of the shares of the Registrant's
Common Stock subject to this Registration Statement, for which no additional registration fee is required pursuant to Rule
457(h)(3).
(2)
Solely for the purpose of calculating the registration fee, the offering price per share and the aggregate offering price
have been calculated pursuant to Rules 457(c) and 457(h) of the Securities Act computed on the basis of the market value of the
shares of Common Stock on December 8, 2008 estimated in accordance with Rule 457(c). The Proposed Maximum Aggregate Offering
Price was calculated using (i) the grant price value for shares of restricted stock previously granted, (ii) the exercise price
of the options previously granted for the shares underlying those options, and (iii) pursuant to Rule 457(h) using the average
of the high and low reported sales prices of the Company's common stock on the NASDAQ Global Select Market on December 8, 2008,
which is within five business days of the date of filing of this registration statement, for shares for which the grant price or
exercise price is unknown because shares of restricted stock or options representing shares of common stock have not yet been
granted.
(3)
Represents shares of restricted stock granted under the 2007 Stock Incentive Plan.
(4)
Represents shares underlying outstanding options granted under the 2007 Stock Incentive Plan.
(5)
Represents shares available for future grants under the 2007 Stock Incentive Plan.
(6)
Represents total shares of restricted stock granted, shares underlying options granted, and available for grant, of 500,000
under the 2007 Stock Incentive Plan.
Table of Contents
EXPLANATORY NOTE
This Registration Statement on Form S-8 (this "Registration Statement") registers the offer and
resale of shares of common stock, par value $0.10 per share, of Double Eagle Petroleum Co. (the
"Company"), consisting of (i) shares of restricted stock previously granted under the Company's
2007 Stock Incentive Plan (the "2007 Plan"); (ii) shares that will be issued upon the exercise of
options granted under the 2007 Plan; and (iv) shares available to be issued under the 2007 Plan.
This Registration Statement contains two parts. First, the materials that follow Part I of this
Registration Statement on Form S-8 (this "Registration Statement") up to Part II of this
Registration Statement constitute the reoffer prospectus, prepared in accordance with Part I of
Form S-3, in accordance with General Instruction C of Form S-8 (the "Prospectus"). The Prospectus
permits reoffers and resales of those shares referred to above that constitute "restricted
securities" or "control securities", within the meaning of Form S-8, by certain of the Company's
stockholders, as more fully set forth therein. The second part contains information required to be
set forth in the registration statement pursuant to Part II of Form S-8.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information required by Part I of this Registration Statement will be
sent or given to our employees, officers and directors, as specified by Rule 428(b)(1) under the
Securities Act. Those documents do not need to be filed with the Securities and Exchange
Commission (the "Commission") either as part of this Registration Statement or as prospectuses or
prospectus supplements pursuant to Rule 424 under the Securities Act. These documents and the
documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of
this Registration Statement, taken together, constitute a prospectus that meets the requirement of
Section 10(a) of the Securities Act. The Company will provide without charge to any person, upon
written or oral request of such person, a copy of each document incorporated by reference in Item 3
of Part II of this Registration Statement (which documents are incorporated by reference in the
Prospectus as set forth in Form S-8), other than exhibits to such documents that are not
specifically incorporated by reference, the other documents required to be delivered to eligible
employees pursuant to Rule 428(b) under the Securities Act and additional information about the
2007 Plan. Requests should be directed to the Company's Chief Financial Officer at 1675 Broadway,
Suite 2200, Denver, Colorado 80202.
Table of Contents
REOFFER PROSPECTUS
DOUBLE EAGLE PETROLEUM CO.
227,969 SHARES OF COMMON STOCK
Acquired or to be Acquired by the Selling Stockholders Under
2007 Stock Incentive Plan
This reoffer prospectus (this "Prospectus") relates to the offer and resale of up to an
aggregate of 227,969 shares (the "Shares") of common stock, par value $0.10 per share (the "Common
Stock"), of Double Eagle Petroleum Co., a Maryland corporation (the "Company"), consisting of
119,087 shares of restricted stock and 108,882 shares underlying options previously granted under
the Company's 2007 Stock Incentive Plan (the "2007 Plan"). The Shares may be offered and sold from
time to time by certain stockholders of the Company who may be deemed affiliates of the Company
after the filing of this registration statement (the "Selling Stockholders"). See "Selling
Stockholders". This Prospectus has been prepared for the purpose of registering future sales of
the Shares by the Selling Stockholders, on a continuous or delayed basis, to the public without
restriction. Upon the effectiveness of this registration statement, the Selling Stockholders may
offer these Shares for resale for their own account from time to time.
The Selling Stockholders may sell the Shares covered by this Prospectus through various means,
including directly or indirectly to purchasers, in one or more transactions on any stock market on
which the Shares are traded at the time of sale, in privately negotiated transactions, or through a
combination of these methods. Each Selling Stockholder that sells any Shares pursuant to this
Prospectus may be deemed to be an "underwriter" within the meaning of the Securities Act of 1933,
as amended (the "Securities Act"). Any commissions received by a broker or dealer in connection
with resales of shares may be deemed to be underwriting commissions or discounts under the
Securities Act. For additional information on the Selling Stockholders' possible methods of sale,
you should refer to the section in this Prospectus entitled "Plan of Distribution."
We will not receive any proceeds from the sale of the Shares being offered by the Selling
Stockholders. We will pay all of the expenses associated with this Prospectus. Brokerage
commissions and similar selling expenses, if any, attributable to the offer or sale of the Shares
will be borne by the applicable Selling Stockholder.
Our Common Stock is quoted on the NASDAQ Global Select Market under the symbol "DBLE." On
December 8, 2008, the closing price of our Common Stock on such market was $6.82 per share.
This investment involves a high degree of risk.
Please see "Risk Factors" beginning on page 3
of this Prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of these securities or determined whether this Prospectus is truthful or
complete. Any representation to the contrary is a criminal offense.
The date of this Prospectus is December 12, 2008.
Table of Contents
TABLE OF CONTENTS
Page
WHERE YOU CAN FIND ADDITIONAL INFORMATION
1
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
1
SUMMARY
3
RISK FACTORS
3
USE OF PROCEEDS
9
SELLING STOCKHOLDERS
9
PLAN OF DISTRIBUTION
11
EXPERTS
13
LEGAL MATTERS
13
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
13
DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION FOR SECURITIES ACT LIABILITIES
14
EX-5.1
EX-23.1
You should only rely on the information incorporated by reference or provided in this Prospectus or
any supplement. We have not authorized anyone else to provide you with different information. The
Shares are not being offered in any state where the offer is not permitted. You should not assume
that the information in this Prospectus or any supplement is accurate as of any date other than the
date on the front of this Prospectus.
Table of Contents
WHERE YOU CAN FIND ADDITIONAL INFORMATION
The Company is subject to the information requirements of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and, in accordance therewith, files reports, proxy statements and
other information with the Securities and Exchange Commission (the "Commission"). The reports,
proxy statements and other information filed by the Company with the Commission can be inspected
and copied at the Public Reference Room of the Commission at 100 F Street, N.E., Washington, D.C.
20549. Copies of such material also may be obtained by mail from the Public Reference Room of the
Commission, 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates. Information regarding
the operation of the Public Reference Room may be obtained by calling the Commission at
1-800-SEC-0330. Additionally, the Commission maintains an Internet site that contains reports,
proxy and information statements and other information regarding registrants that file
electronically with the Commission and that is located at http://www.sec.gov.
This Prospectus constitutes part of a Registration Statement on Form S-8 filed on the date hereof
(herein, together with all amendments and exhibits, referred to as the "Registration Statement") by
the Company with the Commission under the Securities Act. This Prospectus does not contain all of
the information set forth in the Registration Statement, certain parts of which are omitted in
accordance with the rules and regulations of the Commission. For further information with respect
to the Company and the Common Stock, reference is hereby made to the Registration Statement.
Statements contained herein concerning the provisions of any contract, agreement or other document
are not necessarily complete, and in each instance reference is made to the copy of such contract,
agreement or other document filed as an exhibit to the Registration Statement or otherwise filed
with the Commission. Each such statement is qualified in its entirety by the foregoing reference.
Copies of the Registration Statement together with exhibits may be inspected at the offices of the
Commission as indicated above without charge and copies thereof may be obtained from the Commission
upon payment of a prescribed fee.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This Prospectus contains forward-looking statements that may be affected by matters outside our
control that could cause materially different results.
We make these forward-looking statements in reliance on the safe harbor protections provided under
the Private Securities Litigation Reform Act of 1995. All statements, other than statements of
historical facts, included in this Prospectus that address activities, events or developments that
we expect, believe or anticipate will or may occur in the future are forward-looking statements.
These forward-looking statements are based on assumptions that we believe are reasonable based on
current expectations and projections about future events and industry conditions and trends
affecting our business. However, whether actual results and developments will conform to our
expectations and predictions is subject to a number of risks and uncertainties that, among other
things, could cause actual results to differ materially from those contained in the forward-looking
statements, including without limitation the Risk Factors set forth in this Prospectus beginning on
page 3 and the following:
•
Our ability to continue to develop our Atlantic Rim project;
•
Our ability to obtain, or a decline in, oil or gas production, or a decline in oil or
gas prices;
•
Our ability to maintain adequate liquidity in connection with low oil and gas prices;
•
Incorrect estimates of required capital expenditures;
•
Increases in the cost of drilling, completion and gas collection or other costs of
production and operations;
1
Table of Contents
•
Our ability to increase our natural gas and oil reserves;
•
The amount and timing of capital deployment in new investment opportunities;
•
The volumes of production from our oil and gas development properties, which may be
dependent upon issuance by federal, state, and tribal governments, or agencies thereof, of
drilling, environmental and other permits, and the availability of specialized
contractors, work force, and equipment;
•
Our future capital requirements and availability of capital resources to fund capital
expenditures;
•
Our ability to successfully integrate and profitably operate any future acquisitions;
•
The possibility that we may be required to take impairment charges to reduce the
carrying value of some of our long-lived assets when indicators of impairment emerge;
•
Numerous uncertainties inherent in estimating quantities of proved oil and gas reserves
and actual future production rates and associated costs;
•
Our ability to remedy any deficiencies that may be identified in the review of our
internal controls;
•
The credit worthiness of third parties with which we enter into business agreements;
•
General economic and political conditions, including the current financial crisis, tax
rates or policies and inflation rates;
•
Changes in or compliance with laws and regulations, particularly those relating to
taxation, safety and protection of the environment;
•
Weather and other natural phenomena;
•
Industry and market changes, including the impact of consolidations and changes in
competition;
•
The effect of accounting policies issued periodically by accounting standard-setting
bodies;
•
The actions of third party co-owners of interests in properties in which we also own an
interest;
•
The cost and effects on our business, including insurance, resulting from terrorist
actions or natural disasters and responses to such actions or events;
•
The volatility of our stock price; and
•
The outcome of any future litigation or similar disputes and the impact on any such
outcome or related settlements.
We may also make material acquisitions or divestitures or enter into financing transactions. None
of these events can be predicted with certainty and the possibility of their occurring is not taken
into consideration in the forward-looking statements.
New factors that could cause actual results to differ materially from those described in
forward-looking statements emerge from time to time, and it is not possible for us to predict all
such factors, or the extent to which any such factor or combination of factors may cause actual
results to differ from those contained in any forward-looking statement. We assume no obligation to
update publicly any such forward-looking statements, whether as a result of new information, future
events, or otherwise.
2
Table of Contents
SUMMARY
The following summary is qualified in its entirety by the more detailed information and the
financial statements and notes thereto appearing elsewhere in, or incorporated by reference into,
this Prospectus. Consequently, this summary does not contain all of the information that you
should consider before investing in our Common Stock. You should carefully read this entire
Prospectus, including the "Risk Factors" section, and the documents and information incorporated by
reference into this Prospectus before making an investment decision.
This Prospectus relates to the offer and resale of 227,969 shares of our Common Stock that may be
offered for sale from time to time by the Selling Stockholders identified in this Prospectus. We
anticipate that the Selling Stockholders will offer the Shares for sale at prevailing market prices
on the NASDAQ Global Select Market on the date of that sale. We will not receive any proceeds from
these sales. We are paying the expenses incurred in registering the offer and resale of the
Shares, but all selling and other expenses incurred by each of the Selling Stockholders will be
borne by such Selling Stockholder.
Double Eagle Petroleum Co.
Our Corporate Information
We are an independent energy company engaged in the exploration, development, production and sale
of natural gas and crude oil, primarily in Rocky Mountain Basins of the western United States. We
were incorporated in the State of Wyoming in January 1972 and reincorporated in the State of
Maryland in February 2001. From 1995 to 2006, our common shares were publicly traded on the NASDAQ
Capital Market under the symbol "DBLE". On December 15, 2006, our common shares began trading on
the NASDAQ Global Select Market. Our Series A Cumulative Preferred Stock ("Preferred Stock") was
issued and began trading on the NASDAQ Capital Market, under the symbol "DBLEP" on July 3, 2007 and
began trading, under the symbol "DBLEP" on the NASDAQ Global Select Market on September 30, 2007.
Our drilling and operation offices are located at 777 Overland Trail, Casper, Wyoming 82601, and
our telephone number there is (307) 237-9330. Our principal executive offices are located at 1675
Broadway, Suite 2200, Denver, Colorado 80202, and our telephone number there is (303) 794-8445.
RISK FACTORS
You should carefully consider each of the following risk factors and all of the other information
provided in this Prospectus before investing in our Common Stock. The risks described below are
those we currently believe may materially affect us. An investment in our Common Stock involves a
high degree of risk, and should be considered only by persons who can afford the loss of their
entire investment.
We may be unable to further develop our coal bed methane projects in the Atlantic Rim, which
would have a significant adverse effect on our current growth opportunities.
The largest portion of our anticipated growth and planned capital expenditures are expected to be
from properties located in the Atlantic Rim that are covered by the Atlantic Rim EIS. In May 2007,
the final Record of Decision for the Atlantic Rim EIS was issued, which allowed us, and other
operators in the area, to pursue additional coal bed methane drilling in the Atlantic Rim. That
decision was appealed and stays were requested in an attempt to postpone or cancel the commencement
of additional drilling in the Atlantic Rim EIS area. In September 2007, the request was denied and
in November 2007, United States District Judge Richard J. Leon issued his Order and Memorandum
Opinion denying a preliminary injunction to stop the Company's development efforts in the Atlantic
Rim EIS area. It is unknown whether the plaintiffs will continue with the underlying lawsuit
pursuant to which the injunction motion was filed, which could ultimately prevent future drilling
in this area. We believe our interests in this area hold potential for significant new reserves
that we may not be able to replace. If we are unable to pursue our drilling plans in the Atlantic
Rim area, we may be required to expend significant financial resources and time to try to find
3
Table of Contents
other areas to replace the potential reserves in the Atlantic Rim area, and we can provide no
assurances that we will be able to find a suitable replacement, if any. Moreover, we may encounter
a number of difficulties when trying to replace the potential inventory of drilling sites currently
covered by the Atlantic Rim EIS. See the Risk Factors titled " — We may be unable to find
additional reserves, which would adversely impact our revenues" and "-Acquisitions are a part of
our business strategy and are subject to the risks and uncertainties of evaluating recoverable
reserves and potential liabilities" discussed herein.
We cannot predict the future price of oil and natural gas and an extended decline in prices could
hurt our profitability, financial condition and ability to grow.
Our revenues, profitability and liquidity, future rate of growth and carrying value of our oil and
gas properties are heavily dependent upon prevailing prices for natural gas and oil, which can be
extremely volatile and in recent years have been depressed by excess total domestic and imported
supplies. Prices also are affected by actions of federal, state and local agencies, the United
States and foreign governments, international cartels, levels of consumer demand, weather
conditions, and the price and availability of alternative fuels. In addition, sales of oil and
natural gas are seasonal in nature, leading to substantial differences in cash flow at various
times throughout the year. These external factors and the volatile nature of the energy markets
make it difficult to estimate future prices of oil and natural gas. Any substantial or extended
decline in the price of oil and/or natural gas would have a material adverse effect on our
financial condition and results of operations, including reduced cash flow and borrowing capacity.
All of these factors are beyond our control.
Low oil and gas prices may adversely impact our ability to maintain adequate liquidity.
All of our revenues are derived from the sale of our oil and gas production. While the Company's
cash flows from operations and its available capital from the capital markets and its credit
facility have been sufficient to meet its current operating expenses, capital expenditures,
drilling obligations and debt service requirements to date, the Company's future liquidity could be
negatively impacted by many factors including, but not limited to, continued substantial decreases
in the price of crude oil and natural gas from earlier 2008 levels. The Colorado Interstate Gas, or
CIG, spot price for natural gas has declined from $6.87 per mcf on July 30, 2008 to $4.31 per mcf
on December 10, 2008. The NYMEX crude oil spot price declined from a record high of approximately
$145 per barrel in July 2008 to approximately $43 per barrel on December 8, 2008. Current natural
gas and crude oil prices are significantly lower than prices in 2007 and earlier 2008. Based on
crude oil and natural gas prices at recent levels, the Company's oil and gas revenues are expected
to decrease in the fourth quarter of 2008 as compared to the each of the prior quarters of 2008,
resulting in a negative impact on liquidity.
We could be adversely impacted by a variety of changes in the oil and gas market that are beyond
our control.
The marketability of our oil and gas production depends in part upon the availability, proximity
and capacity of gas gathering systems, pipelines and processing facilities. Federal and state
regulation of oil and gas production and transportation, general economic conditions, changes in
supply and changes in demand all could adversely affect our ability to produce and market oil and
natural gas. If market factors were to change dramatically, the financial impact could be
substantial because we would incur expenses without receiving revenues from the sale of production.
The availability of markets is beyond our control.
We may be unable to fund our planned capital expenditures.
We spend and will continue to spend a substantial amount of capital for the acquisition,
exploration, exploitation, development and production of oil and gas reserves. We have historically
addressed our short and long-term liquidity needs through the use of cash flow provided by
operating activities, borrowing under bank credit facilities, and the issuance of equity. Without
adequate financing we may not be able to successfully execute our operating strategy. The
availability of these sources of capital will depend upon a number of factors, some of which are
beyond our control. These factors include:
4
Table of Contents
•
general economic and financial market conditions, including the current financial
crisis;
•
government action or inaction in light of key indicators of economic activity or events
that can significantly influence the U.S. financial markets;
•
oil and natural gas prices; and
•
our market value and operating performance.
We may be unable to execute our operating strategy if we cannot obtain adequate capital. If low oil
and natural gas prices, lack of adequate gathering or transportation facilities, operating
difficulties or other factors, many of which are beyond our control, cause our revenues and cash
flows from operating activities to decrease, we may be limited in our ability to spend the capital
necessary to complete our capital expenditures program.
New government regulation and environmental risks could increase our cost of doing business.
The production and sale of oil and gas are subject to a variety of federal, state and local
government regulations. These include:
•
prevention of waste;
•
discharge of materials into the environment;
•
conservation of oil and natural gas, pollution, permits for drilling operations,
drilling bonds, reports concerning operations;
•
spacing of wells; and
•
unitization and pooling of properties.
Many jurisdictions have at various times imposed limitations on the production of oil and gas by
restricting the rate of flow for oil and gas wells below their actual capacity to produce. Because
current regulations covering our operations are subject to change at any time, and despite our
belief that we are in substantial compliance with applicable environmental and other government
laws and regulations, we may incur significant costs for compliance in the future.
The exploration, development and operation of oil and gas properties involve substantial risks that
may result in a total loss of investment.
The business of exploring for and, to a lesser extent, developing and operating oil and gas
properties involves a high degree of business and financial risk, and thus a substantial risk of
loss of investment that even a combination of experience, knowledge and careful evaluation may not
be able to overcome. Oil and gas drilling and production activities may be shortened, delayed or
canceled as a result of a variety of factors, many of which are beyond our control. These factors
include:
•
unexpected drilling conditions;
•
pressure or irregularities in formations;
•
equipment failures or accidents;
•
adverse changes in prices;
5
Table of Contents
•
weather conditions;
•
shortages in experienced labor; and
•
shortages or delays in the delivery of equipment.
We may drill wells that are unproductive or, although productive, do not produce oil and/or natural
gas in commercial quantities. Acquisition and completion decisions generally are based on
subjective judgments and assumptions that are speculative. We cannot predict with certainty the
production potential of a particular property or well. Furthermore, a successful completion of a
well does not ensure a profitable return on the investment. A variety of geological, operational,
or market-related factors, including, but not limited to:
•
unusual or unexpected geological formations, pressures, equipment failures or
accidents, fires, explosions, blowouts, cratering, pollution and other environmental
risks;
•
shortages or delays in the availability of drilling rigs and the delivery of equipment;
and
•
loss of circulation of drilling fluids or other conditions.
These factors may substantially delay or prevent completion of any well or otherwise prevent a
property or well from being profitable. A productive well may become uneconomic in the event water
or other deleterious substances are encountered which impair or prevent the production of oil
and/or natural gas from the well. In addition, production from any well may be unmarketable if it
is contaminated with water or toxic substances.
Our industry experiences numerous operating hazards that could result in substantial losses.
The exploration, development and operation of oil and gas properties also involve a variety of
operating risks including the risk of fire, explosions, blowouts, cratering, pipe failure,
abnormally pressured formations, natural disasters, acts of terrorism or vandalism, and
environmental hazards, including oil spills, gas leaks, pipeline ruptures or discharges of toxic
gases. These industry-related operating risks can result in injury or loss of life, severe damage
to or destruction of property, natural resources and equipment, pollution or other environmental
damage, clean-up responsibilities, regulatory investigation and penalties, and suspension of
operations which could result in substantial losses.
We maintain insurance against some, but not all, of the risks described above. Such insurance may
not be adequate to cover losses or liabilities. Also, we cannot predict the continued availability
of insurance at premium levels that justify its purchase. Acts of terrorism and certain potential
natural disasters may change our ability to obtain adequate insurance coverage. The occurrence of a
significant event that is not fully insured or indemnified against could materially and adversely
affect our financial condition and operations.
Our prices may be impacted adversely by new taxes.
The federal, state and local governments in which we operate impose taxes on the oil and gas
products we sell. In the past, there has been a significant amount of discussion by legislators and
presidential administrations concerning a variety of energy tax proposals. In addition, many states
have raised state taxes on energy sources and additional increases may occur. We cannot predict
whether any of these measures would have an adverse impact on oil and natural gas prices.
Our reserves and future net revenues may differ significantly from our estimates.
The estimates of our reserves and future net revenues are not exact and are based on many variable
and uncertain factors. Therefore, these estimates may vary substantially from the actual amounts
depending, in
6
Table of Contents
part, on the assumptions made and may be subject to adjustment either up or down in the future. The
actual amounts of production, revenues, taxes, development expenditures, operating expenses, and
quantities of recoverable oil and gas reserves that we encounter may vary substantially from the
estimated amounts. In addition, estimates of reserves are extremely sensitive to the market prices
for oil and gas.
Acquisitions are a part of our business strategy and are subject to the risks and uncertainties of
evaluating recoverable reserves and potential liabilities.
We could be subject to significant liabilities related to acquisitions. The successful acquisition
of producing and non-producing properties requires an assessment of a number of factors, many of
which are beyond our control. These factors include recoverable reserves, future oil and gas
prices, operating costs and potential environmental and other liabilities, title issues and other
factors. It generally is not feasible to review in detail every individual property included in an
acquisition. Ordinarily, a review is focused on higher valued properties. Further, even a detailed
review of all properties and records may not reveal existing or potential problems, nor will it
permit us to become sufficiently familiar with the properties to assess fully their deficiencies
and capabilities. We do not always inspect every well we acquire, and environmental problems, such
as groundwater contamination, are not necessarily observable even when an inspection is performed.
We cannot assure you that our future acquisition activity will not result in disappointing results.
In addition, there is strong competition for acquisition opportunities in our industry. Competition
for acquisitions may increase the cost of, or cause us to refrain from, completing acquisitions.
Our strategy of completing acquisitions is dependent upon, among other things, our ability to
obtain debt and equity financing and, in some cases, regulatory approvals. Our ability to pursue
our acquisition strategy may be hindered if we are not able to obtain financing or regulatory
approvals.
Acquisitions often pose integration risks and difficulties. In connection with future acquisitions,
the process of integrating acquired operations into our existing operations may result in
unforeseen operating difficulties and may require significant management attention and financial
resources that would otherwise be available for the ongoing development or expansion of existing
operations. Possible future acquisitions could result in our incurring additional debt, contingent
liabilities and expenses, all of which could have a material adverse effect on our financial
condition and operating results.
The unavailability or high cost of drilling rigs, equipment, supplies, personnel and other oil
field services could adversely affect our ability to execute our exploration and development plans
on a timely basis and within our budget.
Our industry is cyclical and, from time to time, there is a shortage of drilling rigs, equipment,
supplies or qualified personnel. During these periods, the costs of rigs, equipment and supplies
are sometimes greater and their availability may be limited. As a result of increasing levels of
exploration and production in response to strong prices of crude oil and natural gas, the demand
for oilfield services has risen and the costs of these services has increased.
We do not control all of our operations and development projects.
Certain of our business activities are conducted through operating agreements under which we own
partial interests in oil and natural gas wells.
If we do not operate wells in which we own an interest, we do not have control over normal
operating procedures, expenditures or future development of underlying properties. The failure of
an operator of our wells to adequately perform operations, or an operator's breach of the
applicable agreements, could reduce our production and revenues. The success and timing of our
drilling and development activities on properties operated by others therefore depends upon a
number of factors outside of our control, including the operator's:
•
timing and amount of capital expenditures;
7
Table of Contents
•
expertise and financial resources;
•
inclusion of other participants in drilling wells; and
•
use of technology.
Since we do not have a majority interest in most wells that we do not operate, we may not be in a
position to remove the operator in the event of poor performance.
Competition in the oil and natural gas industry is intense, and many of our competitors have
greater financial and other resources than we do.
We operate in the highly competitive areas of oil and natural gas exploration, development and
production. We face intense competition from both major and other independent oil and natural gas
companies in each of the following areas:
•
seeking to acquire desirable producing properties or new leases for future exploration;
•
seeking to acquire the equipment and expertise necessary to develop and operate our
properties; and
•
retention and hiring of skilled employees.
Many of our competitors have financial and other resources substantially greater than ours, and
some of them are fully integrated oil companies. These companies may be able to pay more for
development prospects and productive oil and natural gas properties and may be able to define,
evaluate, bid for and purchase a greater number of properties and prospects than our financial or
human resources permit. Our ability to develop and exploit our oil and natural gas properties and
to acquire additional properties in the future will depend upon our ability to successfully conduct
operations, evaluate and select suitable properties, and consummate transactions in this highly
competitive environment.
We depend on key personnel.
Our success depends to a significant extent upon the efforts and abilities of our senior management
and key employees. The loss of the services of these individuals could have a material adverse
effect upon our business and results of operations.
Declining economic conditions could negatively impact our business.
Our operations are affected by local, national and worldwide economic conditions. The consequences
of a potential or prolonged recession may include a lower level of economic activity and
uncertainty regarding energy prices and the capital and commodity markets. A lower level of
economic activity might result in a decline in energy consumption, which may adversely affect our
revenues and future growth. Instability in the financial markets, as a result of recession or
otherwise, also may affect the cost of capital and our ability to raise capital.
The trading volatility and price of our common stock may be affected by many factors.
In addition to our operating results and business prospects, many other factors affect the
volatility and price of our common stock. The most important of these, some of which are outside
our control, are the following:
•
The current financial crisis, which has caused significant market volatility worldwide;
8
Table of Contents
•
Governmental action or inaction in light of key indicators of economic activity or
events that can significantly influence U.S. financial markets, and media reports and
commentary about economic or other matters, even when the matter in question does not
directly relate to our business; and
•
Trading activity in our common stock, which can be a reflection of changes in the
prices for oil and gas, or market commentary or expectations about our business and
overall industry.
USE OF PROCEEDS
We will not receive any of the proceeds from the sale of the Shares by the Selling Stockholders.
The Selling Stockholders will pay any underwriting discounts, commissions and expenses for
brokerage, or any other expenses they incur in disposing of the Shares. We will bear all other
costs, fees and expenses incurred in effecting the registration of the Shares covered by this
Prospectus.
SELLING STOCKHOLDERS
This Prospectus relates to Shares that are being registered for reoffers and resales by Selling
Stockholders who have acquired (or, in some cases, may acquire)
Shares pursuant to the 2007 Plan. We may amend this Prospectus to
reflect future issuances under the 2007 Plan to Selling Shareholders.
Beneficial ownership is determined in accordance with the rules of the Commission, is based upon
9,170,910 shares outstanding as of December 1, 2008, and generally includes voting or investment
power with respect to securities. Shares underlying options to purchase shares of Common Stock that
are currently exercisable or become exercisable within 60 days of December 1, 2008 and shares of
restricted stock that vest within 60 days after December 1, 2008 are deemed to be outstanding and
to be beneficially owned by the person holding such options for the purpose of computing the
percentage ownership of such person but are not treated as outstanding for the purpose of computing
the percentage ownership of any other person. Of the 227,969 shares listed below covered by this
Prospectus, 108,882 shares are shares to be issued upon exercise of outstanding options issued
pursuant to the 2007 Plan and 119,087 shares are shares of restricted stock that were issued
pursuant to the 2007 Plan, of which 2,879 have vested. The Selling Stockholders may resell all, a
portion, or none of the Shares from time to time.
The address of each stockholder listed below is care of Double Eagle Petroleum Co., 1675 Broadway,
Suite 2200, Denver, Colorado. The following table sets forth the name and relationship to the
Company of each Selling Stockholder and: (1) the number of shares of Common Stock that each Selling
Stockholder beneficially owned as of December 1, 2008; (2) the number of shares of Common Stock
that each Selling Stockholder may offer pursuant to this Reoffer Prospectus; and (3) (if one
percent or more) the percentage of the class to be beneficially owned by such stockholder assuming
the sale of all shares offered pursuant to this Prospectus.
Shares
Shares Covered
Beneficially
Beneficially
Under this
Owned After the
Selling Stockholder
Position
Owned (a)
Prospectus (b)
Resale (a)
Richard Dole
Chairman of the Board,
44,552
(1)
149,719
(2)
14,609
CEO and President
Kurtis Hooley
Chief Financial Officer
29,250
(3)
21,099
(4)
24,194
and Senior Vice President
D. Steven Degenfelder
Senior Vice President of
128,078
(5)
19,276
(6)
123,387
Exploration and New
Ventures
Robert Reiner
Vice President of
29,437
(7)
15,185
(8)
25,494
Operations
Aubrey Harper
Vice President of
2,811
(9)
14,053
(10)
0
Midstream Assets
and President of
Eastern Washakie
Midstream LLC
9
Table of Contents
Shares
Shares Covered
Beneficially
Beneficially
Under this
Owned After the
Selling Stockholder
Position
Owned (a)
Prospectus (b)
Resale (a)
Sigmund Balaban
Director
11,051
(11)
1,114
(12)
10,309
Roy Cohee
Director
50,078
(13)
3,065
(14)
48,034
Brent A. Hathaway
Director
2,972
(15)
4,458
(16)
0
TOTALS
298,229
227,969
246,027
(a)
Does not include shares underlying stock options that are not exercisable within 60 days after
December 1, 2008. Also does not include restricted common stock shares that do not vest within 60
days of December 1, 2008.
(b)
Includes shares underlying stock options granted under the 2007 Plan that are not exercisable
within 60 days after December 1, 2008. Also includes restricted common stock shares granted under
the 2007 Plan that do not vest within 60 days after December 1, 2008.
(1)
Includes 9,609 shares of common stock directly held by Mr. Dole and 8,167 shares of restricted
stock granted to Mr. Dole under the 2007 Plan that vest on December 31, 2008. Also includes 26,776
shares of common stock issuable upon exercise of outstanding options that are exercisable or become
exercisable within 60 days of December 1, 2008.
(2)
Includes 40,837 shares of restricted stock granted to Mr. Dole under the 2007 Plan that vest
20% on December 31, 2008 then 20% each December 31 thereafter. Also includes 108,882 shares of
common stock issuable upon exercise of outstanding options granted to Mr. Dole under the 2007 Plan.
(3)
Includes 3,500 shares of common stock directly held by Mr. Hooley, 4,011 shares of restricted
stock granted to Mr. Hooley under the 2007 Plan that vest on December 31, 2008 and 1,045 shares of
restricted stock granted to Mr. Hooley under the 2007 Plan that vest 1/3 on each the first, second
and third anniversary dates from the January 15, 2008 grant date. Also includes 20,694 shares of
common stock issuable upon exercise of outstanding options that are exercisable or become
exercisable within 60 days of December 1, 2008.
(4)
Includes 20,054 shares of restricted stock granted to Mr. Hooley under the 2007 Plan that vest
20% on December 31, 2008 then 20% each December 31 thereafter. Also includes 1,045 shares of
restricted stock granted to Mr. Hooley under the 2007 Plan that vest 1/3 on each the first, second
and third anniversary dates from the January 15, 2008 grant date.
(5)
Includes 89,665 shares of common stock directly held by Mr. Degenfelder and 3,646 shares of
restricted stock granted to Mr. Degenfelder under the 2007 Plan that vest on December 31, 2008 and
1,045 shares of restricted stock granted to Mr. Degenfelder under the 2007 that vest 1/3 on each
the first, second and third anniversary dates from the January 15, 2008 grant date. Also includes
33,722 shares of common stock issuable upon exercise of outstanding options that are exercisable or
become exercisable within 60 days of December 1, 2008.
(6)
Includes 18,231 shares of restricted stock granted to Mr. Degenfelder under the 2007 Plan that
vest 20% on December 31, 2008 then 20% each December 31 thereafter. Also includes 1,045 shares of
restricted stock granted to Mr. Degenfelder under the 2007 Plan that vest 1/3 on each the first,
second and third anniversary dates from the January 15, 2008 grant date.
(7)
Includes 1,500 shares of common stock directly held by Mr. Reiner, 1,132 vested shares of
restricted stock granted to Mr. Reiner under the 2007 Plan that vest 1/3 on each the first, second
and third anniversary dates from the January 15, 2008 grant date, and 2,811 shares of restricted
stock granted to Mr. Reiner under the 2007 Plan that vest on December 31, 2008. Also includes
23,994 shares of common stock issuable upon exercise of outstanding options that are exercisable or
become exercisable within 60 days of December 1, 2008.
10
Table of Contents
(8)
Includes 14,053 shares of restricted stock granted to Mr. Reiner under the 2007 Plan that vest
20% on December 31, 2008 then 20% each December 31 thereafter. Also includes 1,132 shares of
restricted stock granted to Mr. Reiner under the 2007 Plan that vest 1/3 on each the first, second
and third anniversary dates from the January 15, 2008 grant date.
(9)
Includes 2,811 shares of restricted stock granted to Mr. Harper under the 2007 Plan that vest
on December 31, 2008.
(10)
Includes 14,053 shares of restricted stock granted to Mr. Harper under the 2007 Plan that vest
20% on December 31, 2008 then 20% each December 31 thereafter.
(11)
Includes 5,309 shares of common stock directly held by Mr. Balaban and 742 shares of
restricted stock granted to Mr. Balaban under the 2007 Plan that have vested or will vest within 60
days of December 1, 2008. Also includes 5,000 shares of common stock issuable upon exercise of
outstanding options that are exercisable or become exercisable within 60 days of December 1, 2008.
(12)
Includes 1,114 shares of restricted stock granted to Mr. Balaban under the 2007 Plan that vest
one-third on October 1, 2008, January 1, 2009 and April 1, 2009, respectively.
(13)
Includes 42,034 shares of common stock directly held by Mr. Cohee, 1,000 shares held by Mr.
Cohee's wife and 2,044 shares of restricted stock granted to Mr. Cohee under the 2007 Plan that
have vested or will vest within 60 days of December 1, 2008. Also includes 5,000 shares of common
stock issuable upon exercise of outstanding options that are exercisable or become exercisable
within 60 days of December 1, 2008.
(14)
Includes 3,065 shares of restricted stock granted to Mr. Cohee under the 2007 Plan that vest
one-third on October 1, 2008, January 1, 2009 and April 1, 2009, respectively.
(15)
Includes 2,972 shares of restricted stock granted to Mr. Hathaway under the 2007 Plan that
have vested or will vest within 60 days of December 1, 2008.
(16)
Includes 4,458 shares of restricted stock granted to Mr. Hathaway under the 2007 Plan that
vest one-third on October 1, 2008, January 1, 2009 and April 1, 2009, respectively.
PLAN OF DISTRIBUTION
The Shares covered by this Prospectus are being registered by us for the account of the Selling
Stockholders.
The Shares offered by this Prospectus may be sold from time to time directly by or on behalf of the
Selling Stockholders in one or more transactions on the NASDAQ Global Select Market or on any stock
exchange on which the Common Stock may be listed at the time of sale, in privately negotiated
transactions, or through a combination of these methods. The Selling Stockholders may sell Shares
through one or more agents, brokers or dealers or directly to purchasers. These brokers or dealers
may receive compensation in the form of commissions, discounts or concessions from the Selling
Stockholders and/or purchasers of the Shares, or both. Compensation as to a particular broker or
dealer may be in excess of customary commissions. The Selling Stockholders will act independently
of us in making decisions with respect to the timing, manner and size of each sale or non-sale
related transfer. If a Selling Stockholder is an employee, officer or director of the Company, he
or she will be subject to the Company's policies concerning trading and other transactions in the
Company's securities.
Each Selling Stockholder of the Shares and any of their pledgees, assignees and
successors-in-interest may, from time to time, sell any or all of their Shares on any stock
exchange, market or trading facility on which the shares are traded or in private transactions.
These sales may be at fixed or negotiated prices. A Selling Stockholder may use any one or more of
the following methods when selling the Shares:
11
Table of Contents
•
ordinary brokerage transactions and transactions in which the broker-dealer solicits
purchasers;
•
block trades in which the broker-dealer will attempt to sell the shares as agent but
may position and resell a portion of the block as principal to facilitate the transaction;
•
purchases by a broker-dealer as principal and resale by the broker-dealer for its
account;
•
an exchange distribution in accordance with the rules of the applicable exchange;
•
privately negotiated transactions;
•
settlement of short sales entered into after the date of this Prospectus;
•
broker-dealers may agree with the Selling Stockholders to sell a specified number of
such shares at a stipulated price per share;
•
a combination of any such methods of sale;
•
through the writing or settlement of options or other hedging transactions, whether
through an options exchange or otherwise; or
•
any other method permitted pursuant to applicable law.
The Selling Stockholders may also sell shares under Rule 144 under the Securities Act, if
available, rather than under this Prospectus. There is no assurance that the Selling Stockholders
will sell all or a portion of the stock being offered hereby.
In connection with the sale of Shares, the Selling Stockholders may enter into hedging transactions
with broker-dealers or other financial institutions, which may in turn engage in short sales of the
Shares in the course of hedging the positions they assume. The Selling Stockholders may also sell
the Shares short and deliver these Shares to close out short positions, or loan or pledge the
Shares to broker-dealers or other financial institutions that in turn may sell these Shares. The
Selling Stockholders may also enter into option or other transactions with broker-dealers or other
financial institutions that require the delivery to the broker-dealer or other financial
institution of the Shares, which the broker-dealer or other financial institution may resell
pursuant to this Prospectus, or enter into transactions in which a broker-dealer makes purchases as
a principal for resale for its own account or through other types of transactions.
In connection with the sales, a Selling Stockholder and any participating broker or dealer may be
deemed to be "underwriters" within the meaning of the Securities Act, and any commissions they
receive and the proceeds of any sale of Shares may be deemed to be underwriting discounts or
commissions under the Securities Act. A Selling Stockholder who is deemed to be an "underwriter"
within the meaning of Section 2(11) of the Securities Act will be subject to the prospectus
delivery requirements of the Securities Act. The Selling Stockholders and any other person
participating in such distribution will be subject to applicable provisions of the Exchange Act and
the rules and regulations thereunder, including, without limitation, Regulation M. Regulation M may
limit the timing of purchases and sales of shares of our Common Stock by the Selling Stockholders
and any other person. Furthermore, Regulation M may restrict, for a period of up to five business
days prior to the commencement of the distribution, the ability of any person engaged in a
distribution of shares of our Common Stock to engage in market-making activities with respect to
these shares. All of the foregoing may affect the marketability of shares of our Common Stock and
the ability of any person or entity to engage in market-making activities with respect to shares of
our Common Stock.
To the extent required, the Shares to be sold, the names of the persons selling the Shares, the
respective purchase prices and public offering prices, the names of any agent, dealer or
underwriter and any applicable commissions or discounts with respect to a particular offer will be
set forth in an accompanying prospectus
12
Table of Contents
supplement or, if appropriate, a post-effective amendment to the registration statement of which
this Prospectus is a part.
We are bearing all of the fees and expenses relating to the registration of the Shares. Any
underwriting discounts, commissions or other fees payable to broker-dealers or agents in connection
with any sale of the Shares will be borne by the Selling Stockholders. In order to comply with
certain states' securities laws, if applicable, the Shares may be sold in such jurisdictions only
through registered or licensed brokers or dealers. In certain states, the Shares may not be sold
unless the Shares have been registered or qualified for sale in such state, or unless an exemption
from registration or qualification is available and is obtained and complied with. Sales of the
Shares must also be made by the Selling Stockholders in compliance with all other applicable state
securities laws and regulations.
The Selling Stockholders may agree to indemnify any broker-dealer or agent that participates in
transactions involving sales of the Shares against certain liabilities in connection with the
offering of the Shares arising under the Securities Act.
We have notified the Selling Stockholders of the need to deliver a copy of this Prospectus in
connection with any sale of the Shares.
EXPERTS
Our consolidated financial statements as of December 31, 2007 and December 31, 2006 and for the
years ended December 31, 2007, December 31, 2006 and December 31, 2005, incorporated by reference
in this Prospectus, and the related financial statement schedule incorporated by reference in this
Prospectus, have been audited by Hein & Associates LLP, a registered independent public accounting
firm, as stated in its reports incorporated by reference herein, and are included in reliance upon
the reports of such firm given upon its authority as an expert in accounting and auditing.
LEGAL MATTERS
The validity of the Shares being offered hereby has been passed upon for the Company by Patton
Boggs LLP. Attorneys employed by that law firm beneficially own an aggregate of approximately
50,500 shares of our common stock and 3,000 shares of our preferred stock. Attorneys employed by
that law firm also own an aggregate 1.125 percent working interest in certain oil and gas leases in
a project area in which we are the operator and also a working interest owner.
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
We disclose important information to you by referring you to documents that we have previously
filed with the Commission or documents we will file with the Commission in the future. We hereby
incorporate by reference the following documents into this Prospectus:
•
our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, filed with
the Commission on March 13, 2008;
•
our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2008, June 30,
2008, and September 30, 2008, respectively (filed with the Commission on May 8, 2008,
August 6, 2008, and November 7, 2008, respectively);
•
our Proxy Statement filed on April 16, 2008 in connection with our 2008 Annual Meeting
of Shareholders;
•
our Current Reports on Form 8-K filed with the Commission on January 17, 2008, February
1, 2008, April 4, 2008 (except for Item 7.01 and Exhibits 99.1 and 99.2), May 14, 2008,
June 3,
13
Table of Contents
2008, June 27, 2008, September 9, 2008 (except for Item 7.01 and Exhibits 99.1, 99.2 and
99.3) pursuant to Section 13 of the Securities Exchange Act of 1934, as amended; and
•
the description of our Common Stock set forth in our prospectus filed pursuant to Rule
424(b) of the Securities Act of 1933 (as amended), filed with the Commission December 18,
1996, and all amendments and reports filed by us to update that description.
Additionally, all documents filed by us with the SEC under Sections 13(a), 13(c), 14 or 15(d) of
the Securities Exchange Act of 1934, as amended, after the date of this Prospectus and before the
termination or completion of this offering shall be deemed to be incorporated by reference into
this Prospectus from the respective dates of filing of such documents. Any information that we
subsequently file with the Commission that is incorporated by reference as described above will
automatically update and supersede any previous information that is part of this Prospectus.
Upon written or oral request, we will provide you without charge, a copy of any or all of the
documents incorporated by reference, other than exhibits to those documents unless the exhibits are
specifically incorporated by reference in the documents. Please send requests to Double Eagle
Petroleum Co., Attention Chief Financial Officer, 1675 Broadway, Suite 2200, Denver, Colorado
80202, or call (303) 794-8445.
DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION
FOR SECURITIES ACT LIABILITIES
Our Bylaws provide that we are required to indemnify our directors and officers to the fullest
extent permitted by law, including those circumstances in which indemnification would otherwise be
discretionary. We also have adopted, in our Articles of Incorporation, a provision under Section
2-405.2 of the Maryland Code that eliminates and limits certain personal liability of directors and
officers for monetary damages for breaches of the fiduciary duty of care.
Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended,
may be permitted to such directors, officers and controlling persons pursuant to the foregoing
provisions, or otherwise, we have been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable.
In the event that a claim for indemnification against such liabilities, other than the payment by
Double Eagle Petroleum Co. of expenses incurred or paid by such director, officer or controlling
person in the successful defense of any action, suit or proceeding, is asserted by such director,
officer or controlling person in connection with the securities being registered, we will, unless
in the opinion of counsel the matter has been settled by controlling precedent, submit to a court
of appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final adjudication.
14
Table of Contents
NO DEALER, SALESMAN OR ANY OTHER PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR TO MAKE ANY
REPRESENTATIONS OTHER THAN THOSE CONTAINED IN THIS PROSPECTUS, AND, IF GIVEN OR MADE, SUCH
INFORMATION OR REPRESENTATIONS MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE COMPANY OR
ANY SELLING STOCKHOLDER. NEITHER THE DELIVERY OF THIS PROSPECTUS NOR ANY SALE MADE HEREUNDER SHALL,
UNDER ANY CIRCUMSTANCES, IMPLY THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE COMPANY OR THAT
THE INFORMATION HEREIN IS CORRECT AS OF ANY TIME SUBSEQUENT TO THE DATE AS OF WHICH SUCH
INFORMATION IS GIVEN. THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF
ANY OFFER TO BUY ANY OF THE SECURITIES OFFERED HEREBY TO ANYONE IN ANY JURISDICTION IN WHICH SUCH
OFFER OR SOLICITATION IS NOT AUTHORIZED OR IN WHICH THE PERSON MAKING SUCH OFFER OR SOLICITATION IS
NOT QUALIFIED TO DO SO OR TO ANYONE TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION.
Table of Contents:
WHERE YOU CAN FIND ADDITIONAL INFORMATION
1
SPECIAL NOTE REGARDING FORWARDLOOKING STATEMENTS
1
SUMMARY
3
RISK FACTORS
3
USE OF PROCEEDS
9
SELLING STOCKHOLDERS
9
PLAN OF DISTRIBUTION
11
EXPERTS
13
LEGAL MATTERS
13
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
13
DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION FOR SECURITIES ACT LIABILITIES
14
DOUBLE EAGLE PETROLEUM CO. HAS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, WASHINGTON, D.C.,
A REGISTRATION STATEMENT UNDER THE SECURITIES ACT WITH RESPECT TO THE SHARES OFFERED HEREBY. THIS
PROSPECTUS OMITS CERTAIN INFORMATION CONTAINED IN THE REGISTRATION STATEMENT. THE INFORMATION
OMITTED MAY BE OBTAINED FROM THE SECURITIES AND EXCHANGE COMMISSION UPON PAYMENT OF THE REGULAR
CHARGE THEREFORE.
227,969 SHARES
DOUBLE EAGLE PETROLEUM CO.
COMMON STOCK
REOFFER PROSPECTUS
December 12, 2008
15
Table of Contents
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
We hereby incorporate by reference the following documents into this Registration Statement:
•
our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, filed with
the Commission on March 13, 2008;
•
our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2008, June 30,
2008, and September 30, 2008, respectively (filed with the Commission on May 8, 2008,
August 6, 2008, and November 7, 2008, respectively);
•
our Proxy Statement filed on April 16, 2008 in connection with our 2008 Annual Meeting
of Shareholders;
•
our Current Reports on Form 8-K filed with the Commission on January 17, 2008, February
1, 2008, April 4, 2008 (except for Item 7.01 and Exhibits 99.1 and 99.2), May 14, 2008,
June 3, 2008, June 27, 2008, September 9, 2008 (except for Item 7.01 and Exhibits 99.1,
99.2 and 99.3) pursuant to Section 13 of the Securities Exchange Act of 1934, as amended;
and
•
the description of our Common Stock set forth in our prospectus filed pursuant to Rule
424(b) of the Securities Act of 1933 (as amended), filed with the Commission December 18,
1996, and all amendments and reports filed by us to update that description.
All documents we file pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act
subsequent to the date hereof and prior to the filing of a post-effective amendment that indicates
that all securities offered have been sold or that deregisters all securities then remaining unsold
shall be deemed to be incorporated by reference into this Registration Statement and to be part
hereof from the date of filing of such documents. Any statement contained in a document
incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement contained
herein or in any other subsequently filed document which also is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any such statement so modified or
superseded shall not be deemed, except as so modified or superseded, to constitute a part hereof.
ITEM 4. DESCRIPTION OF SECURITIES
We incorporate by reference herein the description of our securities set forth in our prospectus
filed pursuant to Rule 424(b) under the Securities Act of 1933 (as amended), filed on December 18,
1996, File No. 333-14011.
ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL
Our consolidated financial statements as of December 31, 2007 and December 31, 2006 and for the
years ended December 31, 2007, December 31, 2006 and December 31, 2005, incorporated by reference
in this Prospectus, and the related financial statement schedule incorporated by reference in this
Prospectus, have been audited by Hein & Associates LLP, a registered independent public accounting
firm, as stated in its reports incorporated by reference herein, and are included in reliance upon
the reports of such firm given upon its authority as an expert in accounting and auditing.
The validity of the Shares being offered hereby has been passed upon for the Company by Patton
Boggs LLP. Attorneys employed by that law firm beneficially own an aggregate of approximately
50,500 shares
16
Table of Contents
of our common stock and 3,000 shares of our preferred stock. Attorneys employed by that law firm
also own an aggregate 1.125 percent working interest in certain oil and gas leases in a project
area in which we are the operator and also a working interest owner.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 2-418 of the General Corporation Law of the State of Maryland (the "Maryland Code")
provides for mandatory indemnification against reasonable expenses incurred by directors and
officers of a corporation in connection with an action, suit or proceeding brought by reason of
their position as a director or officer if they are successful, on the merits or otherwise, in
defense of the proceeding. In addition, a corporation may indemnify directors or officers in such
proceedings if the director or officer acted in good faith, in a manner he reasonably believed to
be in or not opposed to the best interests of the corporation, and, in the case of a criminal
proceeding, he had no reasonable cause to believe that his conduct was unlawful.
The Maryland Code also permits a corporation to expand the rights to indemnification by a provision
in its bylaws, by an agreement, by resolution of shareholders or directors not involved in the
proceeding, or otherwise. However, a corporation may not indemnify a director or officer if the
proceeding was one by or on behalf of the corporation and in the proceeding the director of officer
is adjudged to be liable to the corporation.
The Company's Bylaws provide that the Company is required to indemnify its directors and officers
to the fullest extent permitted by law, including those circumstances in which indemnification
would otherwise be discretionary. The Company also has adopted, in its Articles of Incorporation,
a provision under Section 2-405.2 of the Maryland Code that eliminates and limits certain personal
liability of directors and officers for monetary damages for breaches of the fiduciary duty of
care.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
ITEM 8. EXHIBITS
The following documents are filed as exhibits to this Registration Statement:
Exhibit
Number
Exhibit
4.1
2007 Stock Incentive Plan (Incorporated by reference to the Company's definitive proxy
statement on Form DEF 14A filed with the Commission on April 18, 2007.)
5.1
Opinion and Consent of Patton Boggs LLP
23.1
Consent of Hein & Associates, LLP
23.2
Consent of Patton Boggs LLP (included in Exhibit 5.1)
24.1
Power of Attorney (included on signature page hereto)
17
Table of Contents
ITEM 9. UNDERTAKINGS
The registrant hereby undertakes:
(a)(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement to:
(i)
Include any prospectus required by Section 10(a)(3) of the
Securities Act;
(ii)
Reflect in the prospectus any facts or events arising after
the effective date of the Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information in the Registration
Statement. Notwithstanding the foregoing, any increase or decrease in volume
of securities offered (if the total dollar value of securities offered would
not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price represent no more than a 20% change
in the maximum aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective registration statement.
(iii)
Include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any
material change to such information in the Registration Statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply because this Registration
Statement is on Form S-8 and the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed with or furnished to the Commission by
the registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by
reference to the Registration Statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrant's annual report pursuant to
Section 13(a) or 15(d) of the Exchange Act that is incorporated by reference in the Registration
Statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to the directors, officers and controlling persons of the registrant pursuant to the
foregoing provision, or otherwise, the registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the registrant of expenses incurred or paid by a director, officer or
controlling person of the registrant in the successful defense of any action, suit, or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and will be
governed by final adjudication of such issue.
18
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act, the registrant certifies that it has
reasonable grounds to believe that its meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the city of Denver, State of Colorado, on this 12
th
day of December
2008.
DOUBLE EAGLE PETROLEUM CO.
By:
/s/ Richard Dole
Richard Dole
President, Chief Executive Officer and Chairman
of the Board
Each person whose signature appears below appoints Richard Dole, individually, as true and
lawful attorneys-in-fact and agents, with full power of substitution to sign any amendments
(including post-effective amendments) to this Registration Statement and to each registration
statement amended hereby, and to file the same, with all exhibits and other related documents, with
the Commission, with full power and authority to perform any necessary or appropriate act in
connection with the amendment(s).
Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed below by the following persons in the capacities and on the dates indicated.
By:
/s/ Richard Dole
December 12, 2008
Richard Dole
President, Chief Executive Officer and Chairman of the Board
(Principal Executive Officer)
By:
/s/ Kurtis Hooley
December 12, 2008
Kurtis Hooley
Chief Financial Officer and Senior Vice President
(Principal Financial and Accounting Officer)
By:
/s/ Sigmund Balaban
December 12, 2008
Sigmund Balaban
Director
By:
/s/ Roy G. Cohee
December 12, 2008
Roy G. Cohee
Director
By:
/s/ Brent Hathaway
December 12, 2008
Brent Hathaway
Director
19
Table of Contents
EXHIBIT INDEX
Exhibit
Number
Exhibit
4.1
2007 Stock Incentive Plan (Incorporated by reference to the Company's definitive proxy
statement on Form DEF 14A filed with the Commission on April 18, 2007.)
5.1
Opinion and Consent of Patton Boggs LLP
23.1
Consent of Hein & Associates LLP
23.2
Consent of Patton Boggs LLP (included in Exhibit 5.1)
24.1
Power of Attorney (included on signature page hereto)
20