OKLAHOMA CITY, March 10, 2020 /PRNewswire/ -- PANHANDLE OIL
AND GAS INC. (NYSE: PHX) the "Company," today announced that
Robb P. Winfield, Vice President,
CFO, Controller and Corporate Secretary, resigned from his
positions on March 9, 2020, effective
immediately. Mr. Winfield has served as Panhandle's Controller
since February 2008 and, from
March 2009 through December 2016, also held the position of Chief
Accounting Officer. He was named Vice President, Chief Financial
Officer and Controller on Jan. 1,
2017.
In connection with Mr. Winfield's departure, the Company's board
of directors (the "Board") appointed Ralph D'Amico as the Company's
Chief Financial Officer, effective March 9,
2020. Mr. D'Amico currently serves as the Company's Vice
President, Corporate Development and Investor Relations, a position
he has held since joining the Company on Jan. 2, 2019. In addition to assuming the
position of Chief Financial Officer of the Company, Mr. D'Amico
will continue to serve the Company as Vice President, Corporate
Development and Investor Relations.
Mr. D'Amico has over 20 years of experience in finance and
investment banking, the majority of which has focused on the energy
sector. Over the course of his career, Mr. D'Amico has been
involved in over $5 billion of lead
managed advisory and capital market transactions. More recently,
Mr. D'Amico has been on the leading edge of the minerals and
royalties space where he has obtained an extensive knowledge base,
executed numerous transactions, and helped the sector gain exposure
within the investment community.
"I would like to thank Robb for his many years of dedication to
Panhandle and wish him luck with his future endeavors. Ralph has
done an outstanding job since he joined Panhandle a little over a
year ago and has been critical in establishing Panhandle's
relationships with the mainstream of the mineral community. His
investment banking experience and knowledge of the capital markets
will be important assets as Panhandle continues its transition to a
mineral and royalty focus," said Chad
Stephens, Panhandle's CEO.
Before joining the Company, from April
2017 through December 2018,
Mr. D'Amico served as a Managing Director at Seaport Global
Securities, a full-service independent investment bank. Prior to
his employment with Seaport Global Securities, from July 2008 through February
2017, Mr. D'Amico served as a Managing Director, Energy
& Natural Resources Investment Banking, at Stifel Nicolaus, an
investment bank and financial services company. Mr. D'Amico also
held positions during his career at other investment banking and
financial services companies including Jefferies, Friedman Billings
Ramsey, and Salomon Smith Barney.
Mr. D'Amico holds a bachelor's degree in finance from the
University of Maryland and an MBA from
The George Washington University. No
previous employer of Mr. D'Amico is a parent, subsidiary, or other
affiliate of the Company.
Panhandle Oil and Gas Inc. (NYSE:
PHX) Oklahoma
City-based, Panhandle Oil and Gas Inc. is an oil and natural
gas mineral company with a strategy to proactively pursue the
acquisition of additional minerals in our core areas of focus.
Panhandle owns approximately 258,000 net mineral acres principally
located in Oklahoma, North Dakota, Texas, New
Mexico and Arkansas.
Approximately 71% of this mineral count is unleased and
undeveloped. Additional information on the Company can be found at
www.panhandleoilandgas.com.
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SOURCE PANHANDLE OIL AND GAS INC.