DENVER, March 31, 2014 /PRNewswire/ -- Double Eagle Petroleum Co. (NASDAQ: DBLE) announced today that the Company's common stock will begin trading under the ticker symbol "ESCR" before the market opens on April 1, 2014. This follows the Company's recently announced name change to Escalera Resources Co., reflecting the repositioning of the Company for future growth. Additionally, the Company's Series A Cumulative Preferred Stock will trade under the ticker symbol "ESCRP" beginning before the market opens on April 1, 2014.

The Company also announced that it will host an investor conference call to provide a strategy update on Thursday, April 3, 2014 at 4:00 p.m. Eastern Time (2 p.m. Mountain Time).  The conference call information is as follows:

A recording of the call will be available for delayed playback for one week beginning at approximately 5:00 p.m. Eastern Time on April 3, 2014.  To access the replay, dial 1-800-704-9804 and provide the confirmation code by entering a "*" and then dial 516584#. 

About Escalera Resources Co./Double Eagle Petroleum Co.

Escalera Resources Co. will have offices in Houston, Texas, Denver, Colorado and Casper, Wyoming. The Company has historically explored and developed natural gas and crude oil properties in the Rocky Mountain region. The Company currently has development activities and opportunities in Wyoming in both the Atlantic Rim and on the Pinedale Anticline. Also, exploration potential exists in its Niobrara acreage in Wyoming and Nebraska, which totals over 70,000 net acres, and in its acreage in Nevada, which totals over 6,000 net acres. The Company is actively pursuing new focus areas, including international and midstream opportunities.

Company Contact:

John Campbell, IR 
(303) 794-8445
www.dble.com

SOURCE Escalera Resources Co.