EXHIBIT 99.1 Presentation Materials - ---------------------- This presentation may contain projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Any such projections or statements reflect the Company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and actual results could differ materially from those projected. A discussion of important factors that could cause actual results to differ materially from those projected, such as decreases in oil and gas prices and/or unexpected decreases in oil and gas production, is included in the Company's periodic reports filed with the Securities and Exchange Commission. Double Eagle Petroleum Co. is an oil and gas exploration and development company that is active primarily in the Rocky Mountains. The Company's production and activity has grown dramatically in the past twelve months. Production has doubled since August 2001 and the Company projects that it will be involved in the drilling of 74 wells (net 22) this year as compared 30 wells (net 1.5) last year. The Company will discuss the plans to drill additional wells at Pinedale Anticline, Cow Creek Field, Doty Mountain, Christmas Meadows, South Fillmore and our progress on other prospects. The information presented for 2002 is based on the Company's estimates. Slide 1. Double Eagle Petroleum Co. Nasdaq DBLE Slide 2. Bar graph appears here based on data points indicated. Total Assets 1995 1996 1997 1998 1999 2000 2,235,220 2,540,918 3,795,511 3,263,212 4,358,172 5,926,052 2001 2002* 7,671,938 9,947651 *Estimated for fiscal year ending August 31, 2002 Slide 3. Bar graph Oil and Gas Sales 1995 1996 1997 1998 1999 2000 247,461 417,114 633,797 680,734 854,405 1,724,497 2001 2,567,713 1 Slide 4. Graph appears here "Reserves" (BOE) 1994 1995 1996 1997 1998 1999 oil 104,612 95,383 188,580 180,526 90,911 152,169 gas 307,391 322,527 347,099 459,531 584,664 681,668 2000 2001 oil 168,100 189,432 gas 824,890 1,600,940 Slide 5. Graph appears here "Production (Ave. BOEPD)" 1994 1995 1996 1997 1998 1999 2000 2001 2002* oil 30 26 48 47 29 59 55 51 55 gas 24 31 64 102 130 173 204 237 600 *Estimated as of April 1, 2002 Slide 6. Bar Graph "Earnings" ($) 1st Q 2nd Q 3rd Q 4th Q 2000 0.00 0.00 0.015 0.017 2001 0.039 0.024 0.036 -0.046 2002 -0.035 Slide 7. Pie Chart "Capital Expenditures 2001" Producing Properties $1,497 Leases $39,471 Exploration $186,723 Development $2,520,011 Slide 8. "Prospect Areas" Map showing townships in Wyoming, Utah and Montana in which the Company has leasehold interests Slide 9. "Pinedale Anticline" Mesa "A" Participating Area : 1.5% Overriding Royalty Interest Mesa "B" Participating Area : 8.0 % Working Interest Mesa "C" Participating Area : 10.0% Carried Working Interest Slide 10. Mesa "B" Participating Area 11 Producers 3 Completing 3 Drilling 4 Locations 2 Additional disclosure concerning Pinedale Anticline Estimated Economics Well Costs: $3,000,000 (Net $240,000) Reserves: 6 Bcf (Net 0.48 Bcf) Payout : 12 Months Development of the Mesa "B" participating area more than doubled the Company's proved developed producing reserves since September 1, 2001. Slide 11. Prospect Areas Slide 12. Cow Creek 7 Producers 8 Locations 100 Potential Locations Slide 13. "Similar CBM Play" Average Well: First 33 Wells at Drunkard's Wash Unit (Mcfd & Bwpd versus time) [Double Eagle owns no interests in this play. It is being used only as an example.] Additional disclosure concerning Cow Creek Estimated Economics Project Costs (12 wells) $2,500,000 Reserves 3.125 Bcf Payout 12 Months Potential for 100 net additional wells (25 Bcf) Slide 14. Prospect Areas Map showing townships in Wyoming, Utah and Montana in which the Company has leasehold interests Slide 15. Christmas Meadows Prospect Map (Utah) Slide 16. Total Number Wells 1999 2000 2001 2002 (Estimated) Gross 5 9 30 74 Net 0.51 0.65 1.50 22.00 Summary Natural Gas in the Rocky Mountains Strong Growth Projects to continue Growth Low Overhead Low Debt Strong Management Ownership 3