Double Eagle Petroleum Co. is pleased to make the following offer:

                               Offer of Employment

                                 April 24, 2002

Candidate:                  Bob D. Brady, Jr.

Position and Duties:        Vice President of Engineering and Operations
                            (subject to approval by the Board of Directors). You
                            will be responsible for the Company's oil and gas
                            engineering and operations and will assist with
                            setting up accounting staff, locating office space
                            in Denver, Colorado, and other tasks as requested by
                            the President or Board of Directors. Initially, you
                            will work out of offices located at 1610 Wynkoop
                            Street, Denver, Colorado. You will be available for
                            business related travel every other week and at
                            other times reasonably requested for Company
                            business.

Reports To:                 President

Start Date:                 April 24, 2002

Salary:                     Annual salary of $106,000, paid bi-weekly or monthly
                            (less payroll deductions and all required
                            withholdings). Bonuses, at the discretion of the
                            Company, may be paid based on your performance and
                            overall Company performance.

Benefits:                   You and your family are eligible to participate, at
                            the Company's expense, in the Company's health
                            insurance program as of the effective date of
                            employment, subject to application and enrollment
                            requirements of the insurance provider. Your
                            participation in the Company's SEP shall include a
                            Company contribution of an amount equal to 10% of
                            your salary per year. The Company will lease or
                            purchase and provide to you the use of a
                            four-wheel-drive sports utility vehicle (Chevy Tahoe
                            or similar model) for Company and reasonable
                            personal use. The Company will pay all reasonable
                            costs associated with the use of the vehicle for
                            business purposes, including fuel, ordinary
                            maintenance, insurance and repairs. Subject to the
                            Company's vacation policies, you shall be entitled
                            to three weeks of vacation time per year.

Stock Grant:                If you continuously remain an employee of the
                            Company through and on October 24, 2002, the Company
                            shall issue 10,000 shares of the Corporation's
                            restricted $.10 par value common stock to you on
                            that date.

At-will
Employment:                 You may terminate employment with Double Eagle
                            Petroleum Co. at any time and for any reason.
                            Likewise, Double Eagle Petroleum Co. may terminate
                            your employment at any time and for any reason
                            whatsoever, with or without cause or advance notice.

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This offer supercedes and replaces in its entirety all prior discussions,
correspondence, or prior offers of employment. There are no other terms except
for Company policies and procedures as may be amended from time to time, or as
specifically set forth above.

Double Eagle Petroleum Co.                      Accepted:




By: /s/ Stephen H. Hollis                       /s/ Bob D. Brady, Jr.
-------------------------                       ---------------------
Stephen H. Hollis, President                    Bob D. Brady, Jr., individually