EXHIBIT 23

CONSENT OF INDEPENDENT PETROLEUM ENGINEERS

The undersigned hereby consents to the references to our firm in the form and context in which they appear in this Annual Report on Form 10-K of Panhandle Oil and gas Inc. relating to our report setting forth the estimates of Panhandle Oil and Gas Inc.’s oil and gas reserves and related revenues as of September 30, 2009.

Sincerely,
 

/s/ J.P. Dick  

Pinnacle Energy Services, L.L.C. 

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