OKLAHOMA CITY, July 8, 2019 /PRNewswire/ -- PANHANDLE OIL
AND GAS INC. (NYSE: PHX) today announced plans to release
results for its fiscal 2019 third quarter ended June 30, 2019, on Thursday, Aug. 8, 2019, following the close of
trading on the New York Stock Exchange. The Company will also host
a conference call to discuss the results at 5:00 p.m. E.D.T. on Aug.
8, 2019. Management's discussion will be followed by a
question and answer session with investors. To participate on the
conference call, please dial 877-407-9210 (domestic) or
201-689-8049 (international).
The news release and live webcast of the earnings conference
call will be available at www.panhandleoilandgas.com in the
"Investors" section. A replay of the conference call will be
available by dialing 877-481-4010 and using the access code 49581.
A replay of the webcast will also be available at
www.panhandleoilandgas.com in the "Investors" section.
Panhandle Oil and Gas Inc. (NYSE: PHX)
Oklahoma City-based, Panhandle Oil
and Gas Inc. is an oil and natural gas mineral and leasehold
acreage-focused capital allocator seeking the highest per share
returns while maintaining a conservative net leverage ratio to
ensure survivability and prosperity in all business and mineral
commodity price cycles. The capital allocation tools include: (i)
selective participation in working interest wells on its existing
holdings in the highest quality, low-risk projects that are
projected to exceed corporate return thresholds; (ii) aggressive
leasing of its mineral holdings outside of areas of potential
working interest participation; (iii) acquisition of mineral
acreage, in the cores of resource plays, with substantial
undeveloped opportunities that meet or exceed our corporate return
threshold; (iv) divestiture of minerals with limited optionality
and mineral rights when the amount negotiated exceeds our projected
total value; (v) payment of quarterly dividends, with optionality
for special dividends when available capital exceeds operational
requirements and has no other higher shareholder return option for
an extended time period; and (vi) repurchase of common shares when
the share price trades at a material discount to the Company's
estimated intrinsic value.
Panhandle's principal properties are located in Oklahoma, Arkansas, Texas, New
Mexico and North Dakota.
Additional information on the Company can be found at
www.panhandleoilandgas.com.
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SOURCE PANHANDLE OIL AND GAS INC.