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Panhandle Oil And Gas Details 2014 First Quarter Results

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February 7, 2014

Panhandle Oil And Gas Inc. (NYSE: PHX) detailed financial and operating results for the 2014 fiscal first quarter ending Dec. 31, 2013, the company said. Feb. 7. Total first quarter revenues were more than double 2013’s first quarter revenues, and yearly net income had also doubled since 2013. Strong cash flow from operations funded all capex spending, and drilling capex was poured into oily and NGL-rich areas in Oklahoma, the company said.

Total 2014 first quarter revenues were $18,396,756, above 2013’s first quarter revenues of $14,180,435. The first quarter’s capex ...

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