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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001105838-09-000008.txt : 20090421
<SEC-HEADER>0001105838-09-000008.hdr.sgml : 20090421
<ACCEPTANCE-DATETIME>20090421170842
ACCESSION NUMBER:		0001105838-09-000008
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080102
FILED AS OF DATE:		20090421
DATE AS OF CHANGE:		20090421

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:		09762151

	MAIL ADDRESS:	
		STREET 1:		52 VANDERBILT AVENUE
		STREET 2:		4TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-01-02</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>110 EAST 42ND STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1100</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</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>2008-01-02</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>10896</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>25.63</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>693455</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F7"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On January 2, 2008, an aggregate of 10,896 shares of the Class A Common Stock, $0.0166 par value, were distributed to certain partners who withdrew from The Ravenswood Investment Company, L.P.</footnote>
        <footnote id="F2">Price per share upon distribution.</footnote>
        <footnote id="F3">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="F4">This amount includes 441,131 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="F5">This amount includes 228,984 shares of the Common Stock directly owned by Ravenswood Investments III, L.P. (&quot;RI&quot;) and beneficially owned by its partners.</footnote>
        <footnote id="F6">This amount includes 18,000 shares of the Common Stock owned by Suzanne Robotti (&quot;Su Robotti&quot;), wife of Robert Robotti (&quot;Robotti&quot;).</footnote>
        <footnote id="F7">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 3-6 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.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Robert E. Robotti</signatureName>
        <signatureDate>2009-04-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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