Panhandle Oil and Gas (NYSE: PHX) 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. Capital allocation tools include: (i) selective participation in working interest wells; (ii) aggressive leasing of mineral holdings; (iii) acquisition of mineral acreage; (iv) divestiture of minerals with limited optionality and mineral rights; (v) payment of quarterly dividends; and (vi) repurchase of common shares when the share price trades at a material discount to the company’s estimated intrinsic value. For more information, visit the company’s website at www.panhandleoilandgas.com
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