Panhandle Oil and Gas Inc. Announces Results of Annual Shareholders' Meeting

OKLAHOMA CITY, March 13, 2017 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX), the "Company," today announced the Company's shareholders, at their annual meeting on March 8, 2017, in Oklahoma City, elected one new director to a three-year term and re-elected two incumbent directors to additional three-year terms. New director Mark T. Behrman of Oklahoma City, and incumbent directors Paul F. Blanchard Jr. and Darryl G. Smette, both of Edmond, Okla., were elected to serve three-year terms ending in 2020. In addition, the shareholders ratified the appointment of Ernst & Young, LLP as the Company's independent registered public accounting firm for the fiscal year ending Sept. 30, 2017.

Robert A. Reece retired from the Company's board of directors.  Mr. Reece had served on the board since 1986.

Panhandle Oil and Gas Inc. (NYSE: PHX) is engaged in the exploration for and production of natural gas and oil. Additional information on the Company can be found on the Internet at www.panhandleoilandgas.com.

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SOURCE Panhandle Oil and Gas Inc.