Summary of DOUBLE EAGLE PETROLEUM CO

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 6, 2012, the Board of Directors of Double Eagle Petroleum, Co. appointed Scott Baxter,51, as a director beginning January 1, 2013. Mr. Baxter's term will expire at the Company's Annual Meeting of Shareholders in 2013, subject to reelection by the Company's shareholders at such time. Mr. Baxter was not selected pursuant to any arrangement or understanding with any person. Mr. Baxter is not being named to any committee of the Board at this time. Mr. Baxter will be compensated for his service on the Board pursuant to the existing compensation arragenements for non-employee directors described in detail in the Company's proxy statment dated April 14 2012 for the Comany's annual meeting of stockholders.

Mr. Baxter is the Managing Partner and founded Baxter Energy Partners in 2002. He has over 20 years of energy investment banking experience and has been responsible for building and overseeing industry groups at major investment investment banking firms. Mr. Baxter has advised a range of Fortune 500 and multinational companies and executed over $150 billion in transactions including M&A, restructurings, and debt & equity financing. Previously Mr. Baxter was head of the Energy Group for Houlihan Lokey and, prior to that, was Head of the Americas for J.P. Morgan's global energy investment banking group. Before that period, he was managing director of Citigroup's (Salomon Brothers) global energy investment banking group. He currently serves on the Board of Directors for Star Gas Partners and Weber State University Presidents' National Advisory Board. Mr. Baxter has also served as faculty member at Columbia's Graduate School of Business.

Mr. Baxter received his M.B.A from the University of Chicago School of Business and his B.S. from Weber State University.

Item 7.01 Regulation FD Disclosure.

On December 7, 2012, the Company issued a press release entitled "Double Eagle Petroleum Co. Announces Appointment of a New Board Member." The press release is attached as Exhibit 99.1 hereto.

In accordance with General Instruction B.2 of Form 8-K, the information in this
Section 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing.