Exploration & Production | Quarterly / Earnings Reports
Panhandle Touts NGL-Rich Q2 Results; Reaffirms Focus
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Panhandle Oil & Gas Inc. reported financial and operating results for the Company's fiscal third quarter and nine months ended June 30, 2013.
Highlights: Recorded a third quarter 2013 net income of $5,070,168, $.61 per share, as compared to $3,100,299, $.37 per share, for the 2012 quarter. Recorded a nine month 2013 net income of $8,240,953, $.99 per share, as compared to $7,188,375, $.86 per share, for the 2012 nine months. Generated cash from operating activities of $24,193,214 for the 2013 nine-month period, well in excess of $20,576,359 of capital expenditures for drilling and equipping wells. Reported 2013 third quarter and nine-month production of 3,229,800 Mcfe and 9,483,576 Mcfe, respectively, which were increases of 22% and 21%, respectively, over the same periods of fiscal…Finish this article — free account or subscription
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