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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001105838-07-000024.txt : 20070816
<SEC-HEADER>0001105838-07-000024.hdr.sgml : 20070816
<ACCEPTANCE-DATETIME>20070816180444
ACCESSION NUMBER:		0001105838-07-000024
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070814
FILED AS OF DATE:		20070816
DATE AS OF CHANGE:		20070816

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PANHANDLE OIL & GAS INC
		CENTRAL INDEX KEY:			0000315131
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				731055775
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		5400 NW GRAND BLVD
		STREET 2:		GRAND CENTRE STE 210
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73112
		BUSINESS PHONE:		4059481560

	MAIL ADDRESS:	
		STREET 1:		5400 N GRAND BLVD
		STREET 2:		GRAND CENTRE STE 300
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73112

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PANHANDLE ROYALTY CO
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ROBOTTI ROBERT
		CENTRAL INDEX KEY:			0001105838

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31759
		FILM NUMBER:		071063495

	BUSINESS ADDRESS:	
		STREET 1:		C/O ROBOTTI & COMPANY, INC
		STREET 2:		52 VANDERBILT AVENUE, SUITE 503
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-986-4800
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-08-14</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000315131</issuerCik>
        <issuerName>PANHANDLE OIL &amp; GAS INC</issuerName>
        <issuerTradingSymbol>PHX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001105838</rptOwnerCik>
            <rptOwnerName>ROBOTTI ROBERT</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity></rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock, $0.0166 Par Value</value>
            </securityTitle>
            <transactionDate>
                <value>2007-08-14</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>162963</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>23.5</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>704351</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This amount includes 5,340 shares of the Class A Common Stock, $0.0166 par value (the &quot;Common Stock&quot;) directly owned by Robotti &amp; Company, Incorporated (&quot;ROBT&quot;).</footnote>
        <footnote id="F2">This amount includes 452,027 shares of the Common Stock directly owned by The Ravenswood Investment Company, L.P. (&quot;RIC&quot;) and beneficially owned by its partners.</footnote>
        <footnote id="F3">This amount includes 228,984 shares of the Common Stock directly owned by Ravenswood Investment III, L.P. (&quot;RI&quot;) and beneficially owned by its partners.</footnote>
        <footnote id="F4">This amount includes 18,000 shares of the Common Stock directly owned by Suzanne Robotti (&quot;Su Robotti&quot;), wife of Robert Robotti (&quot;Robotti&quot;).</footnote>
        <footnote id="F5">Mr. Robotti may be deemed to beneficially own (solely for the purpose of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended (&quot;Exchange Act&quot;)) the shares of the Common Stock set forth in footnotes 1 - 4 above through his proportionate ownership of ROBT, as a managing member of Ravenswood Management Company, L.L.C., which serves as the general partner of RIC and RI, and through his marriage to Su Robotti.  Mr. Robotti disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.  The number of shares of Common Stock previously reported by Mr. Robotti on filings pursuant to Section 16 of the Exchange Act and the rules thereunder (&quot;Section 16 Filings&quot;) included shares owned by certain discretionary accounts of Robotti &amp; Company, LLC and certain advisory clients of Robotti &amp; Company Advisors, LLC in which Mr. Robotti had no pecuniary interest.</footnote>
        <footnote id="F6">Due to a 1000 character limit, Footnote 6 is a continuation of Footnote 5:

Those shares have not been included in this filing and prior Section 16 Filings, to the extent that they included such shares, are hereby amended to exclude them.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Robert E. Robotti</signatureName>
        <signatureDate>2007-08-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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