Panhandle Oil and Gas Inc. reported financial and operating results for the fiscal fourth quarter and twelve months ended September 30, 2010.  

The company recorded net income of $3,036,446, or $.36 per share, for the 2010 fourth quarter as compared to net income of $343,376, or $.04 per share, for the 2009 fourth quarter. Total revenues for the 2010 quarter rose 44.5 percent to $12,298,310 as compared to $8,510,139 for the 2009 quarter.  

The company recorded a net income of $11,419,690, or $1.36 per share, for fiscal 2010 as compared to a net loss for fiscal 2009 of $2,405,021, or $.29 per share. Total revenues for 2010 rose 39.3 percent to $51,938,416, as compared to $37,272,614 for 2009.