U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.   20549

                                  FORM 10-QSB
(Mark One)
        x      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
    --------
                     OF THE SECURITIES EXCHANGE ACT OF 1934

For Quarterly period ended                                  Commission File
November 30, 1999                                           Number 0-6529

               TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
    --------
                     OF THE SECURITIES EXCHANGE ACT OF 1934
          For the transition period from                          to
                                         ------------------------   -----------

                     DOUBLE EAGLE PETROLEUM AND MINING CO.
               (Exact name of small business issuer as specified
                                in its charter)

    WYOMING                                                83-0214692
(State or other jurisdiction of                        (I.R.S. Employer
 incorporation or organization)                        Identification No.)

                        777 Overland Trail, P.O. Box 766
                           Casper, Wyoming      82602
                    (Address of principal executive offices)

                                  307-237-9330
                          (Issuer's telephone number)



                                 NOT APPLICABLE
        (Former name, former address, and former fiscal year, if changed
                               since last report)


Check whether the issuer (1) filed all  reports required to be filed by  Section
13 or 15(d) of the Exchange Act during the  past 12 months (or for such  shorter
period that the registrant was required to  file such reports) and (2) has  been
subject to such filing requirements for the past 90 days.
                                                            Yes    X     No
                                                                --------    ----

Common stock,  4,769,401  shares having  a  par value  of  $.10 per  share  were
outstanding as of January 13, 2000.

Transitional Small Business Disclosure format (check one):
                                                             Yes         No   X
                                                                ---------  -----
<PAGE>
                   DOUBLE EAGLE PETROLEUM AND MINING COMPANY


                                     INDEX
<TABLE>
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                                                            Page

<S>                                                       <C>
PART I. FINANCIAL INFORMATION:

Item 1. Financial Statements

Balance Sheets as of November 30, 1999
     and August 31, 1999                                      I.
Statements of Operations for the three months
     ended November 30, 1999 and 1998                        II.
Statements of Cash Flows for the three months
     ended November 30, 1999 and 1998                       III.
Notes to Financial Statements                                IV.

Item 2. Management's Discussion and Analysis of
        Financial Condition and Results of
        Operations                                           V.

PART II. OTHER INFORMATION

Item 6. Exhibits and Report on Form 8-K                      VI.

Signatures                                                  VII.


</TABLE>
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                                     PART I



                             FINANCIAL INFORMATION
<PAGE>

<TABLE>
<CAPTION>
                                                                              I.
                   DOUBLE EAGLE PETROLEUM AND MINING COMPANY
                                 BALANCE SHEETS
                     NOVEMBER 30, 1999 AND AUGUST 31, 1999

                                                         November 30,      August 31,
                                                             1999             1999

                                                          (Unaudited)
<S>                                                      <C>               <C>
 ASSETS
CURRENT ASSETS
 Cash and cash equivalents                             $       519,594   $     237,755
 Accounts receivable                                           219,829         295,985
 Prepaid expenses and deposits                                  15,300           9,369

Total Current Assets                                           754,723         543,109

PROPERTIES AND EQUIPMENT
 Undeveloped properties                                        710,354         721,109
 Developed properties                                        5,507,575       5,091,135
 Corporate and other                                           262,317         254,295

                                                             6,480,246       6,066,539
Less accumulated depreciation, depletion, and
 amortization                                               (2,411,403 )    (2,322,360 )
   Net Properties and Equipment                              4,068,843       3,744,179

INVESTMENTS AND OTHER ASSETS                                    75,684          70,884

TOTAL ASSETS                                           $     4,899,250   $   4,358,172

 LIABILITIES
CURRENT LIABILITIES
 Accounts payable                                      $       176,611   $     225,732
 Accrued production taxes                                       14,429          17,289
 Line of credit                                                      -         307,898
 Long-term debt - current portion                                    -          41,728

Total Current Liabilities                                      191,040         592,647

LONG-TERM DEBT                                                       -         158,773

Total Liabilities                                              191,040         751,420

STOCKHOLDERS' EQUITY
Common stock, $.10 par value; - 10,000,000 shares,
 authorized; issued and outstanding 4,769,401 shares
 as of November 30, 1999 and 4,365,401 shares as
 of August 31, 1999                                            476,937         436,540
Capital in excess of par value                               3,723,714       2,667,276
Retained earnings                                              507,559         502,936

Total Stockholders' Equity                                   4,708,210       3,606,752

TOTAL LIABILITIES AND
  STOCKHOLDER'S  EQUITY                                $     4,899,250   $   4,358,172

<FN>
See accompanying notes to financial statements.

</TABLE>
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<TABLE>
<CAPTION>
                                                                             II.

                   DOUBLE EAGLE PETROLEUM AND MINING COMPANY
                            STATEMENTS OF OPERATIONS
             FOR THE THREE MONTHS ENDED NOVEMBER 30, 1999 AND 1998


                                                      1999         1998

<S>                                                <C>          <C>
REVENUES
Sales of oil and gas                              $   302,019  $   181,148
Sales of nonproducing leases                            4,125       97,619
Other income                                              279           65

Total                                                 306,423      278,832

COSTS AND EXPENSES
Production costs                                       47,689       22,170
Production taxes                                       41,941       24,097
Exploration expenses                                   23,742       82,541
Write offs and abandonments                               250       10,792
General and administrative                            103,508       89,524
Depreciation and depletion                             89,043       49,455
Cost of nonproducing leases sold                        1,060            -

Total                                                 307,233      278,579


INCOME (LOSS) FROM OPERATIONS                            (810)         253

OTHER INCOME (EXPENSE)
Interest income                                         8,474        1,929
Interest expense                                       (3,041)           -

                                                        5,433        1,929

INCOME (LOSS) BEFORE INCOME TAXES                       4,623        2,182

INCOME TAX EXPENSE                                          -            -

NET INCOME (LOSS)                                 $     4,623  $     2,182

NET EARNINGS (LOSS) PER COMMON SHARE -
  BASIC AND DILUTED                               $         -  $         -

AVERAGE SHARES OUTSTANDING - BASIC                  4,605,137    3,940,893

AVERAGE SHARES OUTSTANDING - DILUTED                4,842,754    3,940,893

DIVIDENDS PER SHARE OF COMMON STOCK               $         -  $         -

<FN>
See accompanying notes to financial statements.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                                            III.

                   DOUBLE EAGLE PETROLEUM AND MINING COMPANY
                            STATEMENTS OF CASH FLOWS
             FOR THE THREE MONTHS ENDED NOVEMBER 30, 1999 AND 1998

                                                                 1999          1998

<S>                                                           <C>           <C>
OPERATING ACTIVITIES:
Net income (loss)                                            $     4,623   $     2,182
Charges to income not requiring cash:
 Depreciation and depletion                                       89,043        49,455
 Abandoned properties                                                250        10,792
 Gain on sale of nonproducing leases                              (3,065)            -
Decrease (increase) in operating assets:
 Accounts receivable                                              76,156       (47,928)
 Prepaid expenses and deposits                                   (10,731)       20,000
Increase (decrease) in operating liabilities:
 Accounts payable                                                (49,121)      104,069
 Accrued production taxes                                         (2,860)       (8,527)

Net cash provided by (used in) operating activities              104,295       130,043

INVESTING ACTIVITIES:
Sale of nonproducing properties                                    4,125             -
Purchases of properties                                         (415,017)     (402,628)

Net cash (used in) investing activities                         (410,892)     (402,628)

FINANCING ACTIVITIES:
Proceeds from private placement                                1,096,835       203,960
Principal payments on debt                                      (508,399)            -
Net borrowings on letter of credit arrangement                         -       175,000

Net cash provided by financing activities                        588,436       378,960

INCREASE (DECREASE) IN CASH                                      281,839       106,375

CASH AND CASH EQUIVALENTS
Beginning of period                                              237,755        97,429

End of period                                                $   519,594   $   203,804

SUPPLEMENTAL DISCLOSURES OF CASH AND
  NON-CASH TRANSACTIONS
Cash paid during the period for interest                     $     3,041   $         -


<FN>
See accompanying notes to financial statements.
</TABLE>
<PAGE>                                                             IV.

                   DOUBLE EAGLE PETROLEUM AND MINING COMPANY
                         NOTES TO FINANCIAL STATEMENTS


1.Summary of Significant Accounting Policies

Refer to the Company's annual financial statements for the year ended August 31,
1999, for a  description of the  accounting policies which  have been  continued
without change. Also, refer  to the footnotes with  those annual statements  for
additional details of the Company's financial condition, results of  operations,
and cash flows. The details in those notes  have not changed except as a  result
of normal transactions in the interim.

2.Management Representation

In management's opinion, all adjustments necessary  for a fair presentation  are
reflected in the interim financial statements. Such adjustments are of a  normal
recurring nature.

3.Interim Results of Operations

The results  of operations  for the  period  ended November  30, 1999,  are  not
necessarily indicative of the operating results for the full year.

4.Common Stock and Warrants

During the quarter ended November 30, 1999, the Company offered through  private
placement a  maximum of 400,000 shares for $2.75 per share. All shares were sold
during the quarter.
<PAGE>
                                                                              V.
                   DOUBLE EAGLE PETROLEUM AND MINING COMPANY
                ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                 FINANCIAL CONDITION AND RESULTS OF OPERATIONS


RESULTS OF OPERATIONS
---------------------

Current quarter as compared to the corresponding quarter of one year ago
------------------------------------------------------------------------

The Company experienced net income of $4,623 for the current quarter as compared
to net income of $2,182 for the corresponding  quarter of one year ago. Oil  and
gas sales increased  by 67%  as a result  of an  increase in  production and  an
increase in oil and  gas pricing. Production costs,  taxes and depreciation  and
depletion experienced a corresponding increase of 87%.

Sales of  non-producing leases  decreased by  $93,000 and  exploration  expenses
decreased by $59,000. General and administrative expenses increased by $14,000.

FINANCIAL CONDITION
-------------------

During the current quarter, the Company received $1,097,000 in proceeds from the
private placement  of shares  of the  Company's stock.  The Company  used  these
proceeds to retire  $508,000 in  debt. In  addition, the  Company used  $415,000
towards  the  development  of  producing  properties.  Working  capital  capital
increased by $613,000 during the current quarter.
<PAGE>

                                                                             VI.




                          PART II.  OTHER INFORMATION


ITEM 6.  EXHIBITS AND REPORT ON FORM 8-K

No reports on Forms 8-K were filed during the period covered by this report.


<PAGE>



                                                                            VII.






                                   SIGNATURES



Pursuant to  the  requirements of  the  Securities  Exchange Act  of  1934,  the
registrant has  duly caused  this report  to  be signed  on  its behalf  by  the
undersigned thereunto duly authorized.

                                       DOUBLE EAGLE PETROLEUM AND MINING COMPANY

(Registrant)


                                                           /s/ Stephen H. Hollis
                                                           ---------------------
                                                               Stephen H. Hollis
                                       Treasurer and Principal Financial Officer


Date: January 13, 2000





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