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
May 31, 2000                                           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,  4,797,641  shares having  a  par value  of  $.10 per  share  were
outstanding as of July 11, 2000.

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

                                                                          Page

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

 Item 1. Financial Statements

  Balance Sheets as of May 31, 2000 (Unaudited)
     and August 31, 1999                                                   I.
  Statements of Operations for the three and nine months
     ended May 31, 2000 and 1999 (Unaudited)                              II.
  Statements of Cash Flows for the nine months
     ended May 31, 2000 and 1999 (Unaudited)                             III.
  Notes to Financial Statements (Unaudited)                               IV.

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

PART II. OTHER INFORMATION

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

 Signatures                                                              VII.


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                                     PART I


                             FINANCIAL INFORMATION

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<CAPTION>
                                                                              I.
                   DOUBLE EAGLE PETROLEUM AND MINING COMPANY
                                 BALANCE SHEETS
                        MAY 31, 2000 AND AUGUST 31, 1999

                                                                   May 31,       August 31,
                                                                    2000            1999

                                                                 (Unaudited)
<S>                                                              <C>             <C>
     ASSETS
CURRENT ASSETS
 Cash and cash equivalents                                     $      52,380   $     237,755
 Accounts receivable                                                 405,885         295,985
 Prepaid expenses and deposits                                         2,342           9,369

       Total Current Assets                                          460,607         543,109


PROPERTIES AND EQUIPMENT
 Undeveloped properties                                              829,641         721,109
 Developed properties                                              6,464,947       5,091,135
 Corporate and other                                                 212,430         254,295

                                                                   7,507,018       6,066,539
  Less accumulated depreciation, depletion, and amortization      (2,642,633 )    (2,322,360 )

       Net Properties and Equipment                                4,864,385       3,744,179


INVESTMENTS AND OTHER ASSETS                                          75,122          70,884


       TOTAL ASSETS                                            $   5,400,114   $   4,358,172



       LIABILITIES
CURRENT LIABILITIES
 Accounts payable                                              $     103,034   $     225,732
 Accrued production taxes                                             21,429          17,289
 Line of credit                                                      500,000         307,898
 Long-term debt - current portion                                          -          41,728

       Total Current Liabilities                                     624,463         592,647


LONG-TERM DEBT                                                             -         158,773


       Total Liabilities                                             624,463         751,420


       STOCKHOLDERS' EQUITY
Common stock, $.10 par value; - 10,000,000 shares,
 authorized; issued and outstanding 4,797,641 shares
 as of May 31, 2000 and 4,365,401 shares as of
 August 31, 1999                                                     479,764         436,540
Capital in excess of par value                                     3,747,488       2,667,276
Retained earnings                                                    548,399         502,936

       Total Stockholders' Equity                                  4,775,651       3,606,752


       TOTAL LIABILITIES AND
        STOCKHOLDERS' EQUITY                                   $   5,400,114   $   4,358,172


<FN>
See accompanying notes to financial statements.
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<CAPTION>
                                                                             II.

                   DOUBLE EAGLE PETROLEUM AND MINING COMPANY
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

                                          For the Three Months Ended     For the Nine Months Ended
                                           May 31,         May 31,        May 31,         May 31,
                                             2000            1999           2000           1999
<S>                                      <C>             <C>            <C>             <C>
REVENUES
 Sales of oil and gas                   $     454,780  $     150,085   $   1,162,294  $     468,952
 Sales of nonproducing leases                   5,696         81,000           9,821        178,619
 Other                                          2,327            106          15,537            529

       Total                                  462,803        231,191       1,187,652        648,100

COSTS AND EXPENSES
 Production costs                              83,842         46,032         207,327        122,382
 Production taxes                              42,188         18,072         133,899         61,446
 Cost of nonproducing leases sold               1,202         11,325           2,262         11,325
 Exploration                                   33,620         40,846          94,919        158,243
 Write offs and abandonments                    3,416          3,107           4,856         14,155
 General and administrative                   102,983         93,609         377,704        299,486
 Depreciation and depletion                   127,698         49,455         332,784        148,365

       Total                                  394,949        262,446       1,153,751        815,402


INCOME (LOSS) FROM OPERATIONS                  67,854        (31,255 )        33,901       (167,302 )

OTHER INCOME (EXPENSE)
 Gain on sale of assets                        11,856              -          11,856              -
 Interest income                                3,645          1,903          15,719          6,544
 Interest expense                             (11,083)             -         (16,013)        (1,661 )

       Total                                    4,418          1,903          11,562          4,883


INCOME (LOSS) BEFORE INCOME TAXES              72,272        (29,352 )        45,463       (162,419 )


INCOME TAX EXPENSE (BENEFIT)
 Current                                            -              -               -              -
 Deferred                                           -              -               -              -

       Total                                        -              -               -              -


NET INCOME (LOSS)                       $      72,272  $     (29,352 ) $      45,463  $    (162,419 )


BASIC/DILUTED INCOME
  (LOSS) PER SHARE                      $         .02  $        (.01 ) $         .01  $        (.04 )


AVERAGE SHARES OUTSTANDING                  4,797,641      4,365,401       4,724,909      4,184,201


DIVIDENDS PER SHARE OF COMMON STOCK     $         .00  $         .00   $         .00  $         .00



<FN>
See accompanying notes to financial statements.

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<CAPTION>
                                                                            III.

                   DOUBLE EAGLE PETROLEUM AND MINING COMPANY
                            STATEMENTS OF CASH FLOWS
                FOR THE NINE MONTHS ENDED MAY 31, 2000 AND 1999
                                  (UNAUDITED)

                                                                  2000            1999

<S>                                                           <C>              <C>
OPERATING ACTIVITIES:
 Net income (loss)                                           $      45,463   $    (162,419 )
 Charges to income not requiring cash:
  Depreciation and depletion                                       332,784         148,365
  Gain on sale of properties and assets                            (19,415)       (167,294 )
  Abandoned properties                                               4,856          14,155
 Decrease (increase) in operating assets:
  Accounts receivable                                             (109,900)        (30,024 )
  Prepaid expenses and deposits                                      2,789          20,000
 Increase (decrease) in operating liabilities:
  Accounts payable                                                (122,698)         23,551
  Accrued production taxes                                           4,140          (2,527 )

     Net cash provided by (used in) by operating activities        138,019        (156,193 )


INVESTING ACTIVITIES:
 Proceeds from sale of properties and assets                        61,821         178,619
 Purchase of properties                                         (1,500,252)       (705,955 )

     Net cash (used in) investing activities                    (1,438,431)       (527,336 )


FINANCING ACTIVITIES:
 Proceeds from private placement                                 1,115,248         514,688
 Issuance of common stock                                            8,188          62,500
 Borrowing on line of credit arrangement                           192,102         100,000
 Payments on long-term debt                                       (200,501)              -

     Net cash provided by financing activities                   1,115,037         677,188


(DECREASE) IN CASH                                                (185,375)         (6,341 )

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


 End of period                                               $      52,380   $      91,088


SUPPLEMENTAL DISCLOSURES OF CASH AND
  NON-CASH TRANSACTIONS
   Cash paid during the period for interest                  $      16,013   $       1,661


<FN>
See accompanying notes to financial statements.

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                                                                             IV.

                         NOTES TO FINANCIAL STATEMENTS
                                  (UNAUDITED)



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 May 31, 2000, are not necessarily
indicative of the operating results for the full year.

4.Common Stock and Warrants

During the nine  months ended  May 31, 2000,  the Company  sold through  private
placement 400,000 shares of its common stock for $2.75 per share.
<PAGE>
                                                                              V.
                   DOUBLE EAGLE PETROLEUM AND MINING COMPANY
                ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                 RESULTS OF OPERATIONS AND FINANCIAL CONDITION


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

Year to Date Results of Operations Compared to Prior Year to Date Results
-------------------------------------------------------------------------

Oil and gas revenues for the nine months ended May 31, 2000 were 2 and 1/2 times
greater than the  corresponding period  of one year  ago. This  resulted in  net
income of $45,000 for the current period as compared to a net loss of $(162,000)
for the  corresponding period  of one  year  ago. Several  factors lead  to  the
substantial increase in revenues  including the drilling  of producing wells  at
Madden Field and Mesa Field as wells as at  least a doubling of the prices  that
were paid to the Company for its products (oil and natural gas).

Current Quarter Compared to Previous Quarter
--------------------------------------------

Oil and gas revenues increased  12% for the current  quarter as compared to  the
previous quarter. General and administrative  expenses experienced a decline  of
40%, due to the fact that annual  performance bonuses were paid in the  previous
quarter.

Current Quarter Compared to Corresponding Quarter of Prior Year
---------------------------------------------------------------

Oil and gas revenues were 3 times  greater for the current quarter and  compared
to the corresponding quarter of one year ago. The Company experienced net income
of $72,000 for the current quarter  as compared to a  net loss of $(29,000)  for
the corresponding quarter of one year ago.

Financial Condition
-------------------

Operating activities for  the nine month  period ending May  31, 2000  generated
$138,000 in cash. This compares to the consumption of cash of $(156,000) for the
corresponding period of one year ago.  $1,100,000 was generated by the  issuance
of additional  shares  of  the Company's  stock,  while  the  Company  purchased
$1,500,000 of producing and non-producing  properties. In addition, the  Company
has drawn $500,000 on its $1,400,000 line of credit arrangement.
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                                                                             VI.






                          PART II.  OTHER INFORMATION





ITEM 6.  EXHIBITS AND REPORT ON FORM 8-K

No 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: July 14, 2000
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