Current PHX Stock Info

Michael Coffman, President and Chief Executive Officer of Panhandle Oil & Gas Inc. (NYSE: PHX), presented today at EnerCom’s The Oil & Gas Conference® 20.

Panhandle Oil & Gas is engaged in the exploration for and production of natural gas and oil. Currently the Company owns 255,300 fee mineral acres and a working interest and/or a royalty interest in over 6,100 wells.

For the first nine months of 2015, Panhandle’s volumes of 10,508 MMcfe represented a 2% increase from the first nine months of 2014. In the same time frame, the company has reduced its debt by 16%.

During the company’s breakout session, management was asked the following questions:

  • What’s the decision strategy behind your capital constraint?
  • Do you have your team do the engineer work?
  • Do you have any working interest in the Eagle Ford Shale?
  • Who are the typical shareholders of the company?
  • What’s the difference between your company and the others?
  • When you are not investing in oil & gas, what do you do? Buy back stock? Pay off debt?
  • When you make the purchase, how quickly you want to pay it off?
  • Who’s your main operator?
  • What kind of opportunities are you seeing now?
  • What geographical area do you want to invest in?
  • Do you have any merger & acquisition parameters?
  • Based on your company model, what do you have listed as the low gas price case?
  • What will happen to the non-core staff?
  • Is next year the backing and filling year?

Click here for the webcast.

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