OKLAHOMA CITY, July 23, 2018 /PRNewswire/ -- PANHANDLE OIL AND
GAS INC. (NYSE: PHX) announced today that Robert O. Lorenz will be retiring from its Board
of Directors in March 2019 at the end
of his current term. In compliance with the Company's Bylaws, Mr.
Lorenz was not eligible to serve another term due to age
limitations. Mr. Lorenz has served as a Director of Panhandle since
2003 and has served as the Board's Lead Independent Director since
Nov. 1, 2008.
In anticipation of Mr. Lorenz's retirement, the Board, at its
July 18, 2018, meeting, named
Chad L. Stephens III as Lead
Independent Director effective Oct. 1,
2018. Mr. Stephens joined Panhandle's Board in 2017.
Paul F. Blanchard Jr., President
and CEO of Panhandle, said, "Bob has provided thoughtful guidance
and insightful leadership throughout his tenure on the board. We
thank him for all his contributions to our success and we wish him
all the very best."
Panhandle Oil and Gas Inc. (NYSE: PHX)
Oklahoma City based Panhandle Oil
and Gas Inc. is engaged in the acquisition, management
and development of non-operated oil and gas properties on its
mineral and leasehold acreage, with its principal properties
located in Oklahoma, Arkansas, Texas and New
Mexico. www.panhandleoilandgas.com.
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SOURCE PANHANDLE OIL AND GAS INC.