BRN News

Barnwell Industries, Inc. (NYSE American: BRN) today reported a net loss of $414,000, $0.05 per share, for the three months ended December 31, 2019, as compared to a net loss of $4,600,000, $0.56 per share, for the three months ended December 31, 2018.

Barnwell Industries, Inc. ("Barnwell" or the "Company") (NYSE American: BRN) is pleased to provide a business update, including announcing that its wholly-owned contract water well drilling subsidiary closed on the sale of its leasehold interest in a maintenance yard in Honolulu, Hawaii to an unrelated third party for a $1,100,000 cash payment. The Company will recognize a gain on the transaction in its second quarter ended March 31, 2020. Additionally, given the current uncertain market conditions, the Company has been assessing, and implementing where appropriate, ways to alleviate strain on the Company.

Barnwell Industries, Inc. (“Barnwell” or the “Company”) (NYSE American: BRN) today announced that its wholly-owned contract water well drilling subsidiary has determined that a water well currently being drilled in Hawaii, in which the Company experienced a bottom hole drilling assembly failure, should be abandoned and a new well drilled as efforts to remove the items from the well have been unsuccessful. The Company will recognize these additional costs in its second quarter ending March 31, 2020. This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act.

MRMP-Managers LLC, Ned Sherwood and Bradley Tirpak announced today that based on the final report provided by the voting inspector, Barnwell Industries will have five new independent directors.

Alexander Kinzler has been the CEO of Barnwell Industries, Inc. (NYSEMKT:BRN) since 2016. First, this article will...

Barnwell Industries, Inc. (“Barnwell”, the “Company”, “we” or “our”) (NYSE American: BRN) is pleased to provide an update on recent developments with respect to its businesses and operations. Production volumes are presented as “Boe” (Barrel of oil equivalent at the rate of 5.8 thousand cubic feet of natural gas per barrel of oil or natural gas liquid).

Barnwell Industries, Inc. (“Barnwell” or the “Company”) (NYSE American: BRN) today issued a factsheet for its stockholders, addressing the false and misleading statements made by a group of dissident stockholders, led by Ned Sherwood and Bradley Tirpak, who are trying to take control of the Company for their own, potentially self-serving agenda.

HONOLULU, Dec. 16, 2019 -- Barnwell Industries, Inc. (NYSE American: BRN) today reported a net loss of $12,414,000, $1.50 per share, for the year ended September 30, 2019, as.

Barnwell Industries, Inc. (“Barnwell” or the “Company”) (NYSE American: BRN) today published a presentation to its stockholders (available here: http://www.brninc.com/documents/BRN Investor Presentation - 2020-03.pdf), outlining the Company’s history of prudent management, its strong and refreshed board, and its plan to create long-term value for all stockholders. The presentation also enumerates the significant weaknesses, flaws and misrepresentations in the plan and nominees presented by a dissident group of stockholders who are trying to take control of the Company.

Barnwell Industries, Inc. (NYSE American: BRN) (the “Company”) today announced that the NYSE American LLC (the “Exchange”) has accepted the Company’s plan of compliance (the “Plan”) for continued listing on the Exchange. As previously reported, on January 13, 2020, the Company received a letter from NYSE American Staff indicating that the Company is not in compliance with certain continued listing standards relating to stockholders equity as set forth in Part 10, Section 1003 of the NYSE American Company Guide (the “Guide”).

Barnwell Industries, Inc. (NYSEMKT:BRN) shareholders will doubtless be very grateful to see the share price up 187% in...

Barnwell Industries, Inc. (NYSE American: BRN) is pleased to provide an update on recent developments with respect to its oil and gas operations. Production volumes are presented as “Boe” (Barrel of oil equivalent at the rate of 5.8 thousand cubic feet of natural gas per barrel of oil or natural gas liquid). The Company previously identified two horizontal well drilling opportunities that were set to proceed subject to market conditions and contingent on financing.

If you own shares in Barnwell Industries, Inc. (NYSEMKT:BRN) then it's worth thinking about how it contributes to the...

MRMP-Managers LLC announced today that Institutional Shareholder Services ("ISS"), the world’s leading proxy advisory firm, issued a report recommending that stockholders of Barnwell Industries, Inc. (NYSE American: BRN) support changes to the company’s board of directors at the April 3, 2020 annual meeting.

Barnwell Industries, Inc. (“Barnwell” or the “Company”) (NYSE American: BRN) today announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission and has mailed these materials and a letter to its stockholders in connection with the Company’s Annual Meeting to be held on April 3, 2020. Stockholders of record as of February 24, 2020 will be entitled to vote at the meeting.

MRMP-Managers LLC, NLS Advisory Group, Inc., Ned L. Sherwood, and Bradley M. Tirpak announced today that they have sent the following letter and press release to shareholders of Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell").

Barnwell Industries, Inc. (“Barnwell” or the “Company”) (NYSE American: BRN) today announced that leading proxy advisor Glass Lewis has recommended that Barnwell stockholders vote FOR all of the Company’s slate of highly experienced director nominees on the WHITE proxy card at the Company’s upcoming Annual Meeting of Stockholders to be held on April 3, 2020. Stockholders of record as of February 24, 2020, are entitled to vote at the Annual Meeting.

Barnwell Industries, Inc. ("Barnwell" or the "Company") (NYSE American: BRN) today announced that, in light of current difficulties facing air travelers, Barnwell has arranged certain accommodations for stockholders who were planning to attend the Company’s upcoming Annual Meeting of Stockholders to be held on April 3, 2020, at 9:00 a.m., Hawaii Standard Time, at Alakea Corporate Tower, 1100 Alakea Street, Suite 210, Honolulu, Hawaii (including any adjournments, postponements or continuations thereof, the "Meeting") but are now unable to attend in person for the purpose of voting in person:

Barnwell Industries, Inc. (NYSE American: BRN) (the “Company”) today announced it has received written communication from NYSE American LLC (the “Exchange”), the Company’s current listing exchange, stating that it is not in compliance with certain continued listing standards as set forth in the NYSE American Company Guide. Based on the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2019, which was filed with the Securities and Exchange Commission (SEC) on December 20, 2019, the Company is below compliance with Part 10, Sections 1003(a)(i) and (a)(ii) of the NYSE American Company Guide since it reported stockholders’ equity of $1.2 million and net losses in fiscal years ended September 30, 2019, September 30, 2018 and September 30, 2016.