8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934.

Date of Report: (Date of Earliest Event Reported) August 16, 2007

PANHANDLE OIL AND GAS INC.

(Exact name of registrant as specified in its charter)

OKLAHOMA	001-31759	73-1055775
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
5400 North Grand Blvd., Suite 300 Oklahoma City, OK (Address of principal executive offices)		73112 (Zip code)

(405) 948-1560
(Registrant’s telephone number including area code)

Not Applicable
(Former name or former address if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act

o Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act

o Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act

ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Duke R. Ligon has been appointed to Panhandle Oil and Gas Inc.’s Board of Directors on August 8, 2007. Mr. Ligon will fill a newly created position on the board and will stand for election at the next annual shareholders meeting.

ITEM 7.01 Regulation FD Disclosures

On August 15, 2007 the Company issued a press release announcing the Changes in Management. The full text of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

In accordance with General Instruction B.2 to Form 8-K, the information contained in Exhibit 99.1 is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

ITEM 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit
Number	Description
99.1	Press Release issued by Panhandle Oil and Gas Inc., dated August 15, 2007

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PANHANDLE OIL AND GAS INC.
By:	/s/ Michael C. Coffman
	Michael C. Coffman,
	President, CEO

DATE: August 16, 2007

2

EXHIBIT INDEX

Exhibit
Number	Description
99.1	Press Release issued by Panhandle Oil and Gas Inc., dated August 15, 2007

EX-99.1

EXHIBIT 99.1

PANHANDLE OIL AND GAS INC. REPORTS

Announces New Board of Director’s Member

OKLAHOMA CITY, OK— PANHANDLE OIL AND GAS INC. (AMEX-PHX) today announced that Duke R. Ligon has been appointed to the Company’s Board of Directors. Mr. Ligon will fill a newly created position on the board and will stand for election at the next annual shareholders meeting.

Mr. Ligon recently retired as senior vice president and general counsel for Devon Energy Corporation and brings more than 35 years of expertise in corporate securities, litigation, governmental affairs and mergers and acquisitions. He is currently serving a executive director of the Love’s Entrepreneurship Center at Oklahoma City University as well as strategic advisor to the Oklahoma based Love’s Travel Stops & Country Stores. He is also a member of the Board of Directors of Quest Midstream Partners, L.P., Heritage Trust Company, Security State Bank of Wewoka and Seminole, Oklahoma and Pre-Paid Legal Services, Inc. (NYSE:PPD).

Prior to joining Devon in 1997, he practiced law for 12 years and last served as a partner at the law firm of Mayer, Brown & Platt in New York City. In addition, he was senior vice president and managing director for investment banking at Bankers Trust Co. in New York City for 10 years. Ligon received an undergraduate degree in chemistry from Westminster College and a law degree from the University of Texas School of Law.

E. Chris Kauffman, Chairman of the Board of Directors stated, “We are very pleased that Duke, who is a long time shareholder of the Company, will be bringing his experience and background both in the oil and gas business and on Wall Street to Panhandle’s Board.”

Panhandle Oil and Gas Inc. (AMEX-PHX) is engaged in the exploration for and production of natural gas and oil. Additional information on the Company can be found on the internet at www.panhandleoilandgas.com