Brief: Panhandle Oil And Gas Two Acquisitions In SCOOP And Haynesville Plays

PHX Minerals

27/08/2020 21:46

Aug 27 (Reuters) - Panhandle Oil and Gas Inc  PHX.N :
    * PANHANDLE OIL AND GAS - AGREED TO ACQUIRE 2 PACKAGES OF
MINERAL
AND ROYALTY ASSETS TOTALING ABOUT 795 NET ROYALTY ACRES FROM RED
STONE RESOURCES
    * PANHANDLE OIL AND GAS INC - DEAL FOR $6.9 MILLION IN CASH
AND
STOCK
    * PANHANDLE OIL AND GAS - PURCHASE PRICE CONSISTS OF $6.4
MILLION
IN CASH AND $0.5 MILLION IN PANHANDLE COMMON STOCK
    * PANHANDLE OIL AND GAS - INTENDS TO RAISE CASH PORTION OF
PURCHASE PRICE THROUGH UNDERWRITTEN PUBLIC OFFERING OF COMMON
STOCK

Source text for Eikon:  ID:nPnbCf6dKa 
Further company coverage:  PHX.N 

 ((Reuters.Briefs@thomsonreuters.com;))