News

Barnwell Announces Third Adjournment of 2025 Annual Meeting Due to Ned Sherwood's Continued Refusal to Submit Votes Solicited from Shareholders

  • HONOLULU, June 18, 2025 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (“Barnwell” or the “Company”) today announced that its 2025 Annual Meeting of Shareholders, which reconvened yesterday, has been adjourned to Wednesday, September 3, 2025. Shareholders of record at the close of business on July 21, 2025 are eligible to vote at the adjourned 2025 Annual Meeting.
    06/18/2025

Barnwell Announces Second Adjournment of 2025 Annual Meeting Due to Ned Sherwood's Refusal to Submit Votes Solicited from Shareholders

  • HONOLULU , June 2, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today announced that its 2025 Annual Meeting of Shareholders, which reconvened today, has been adjourned to Tuesday, June 17, 2025. This is the second adjournment necessitated by the deliberate refusal of Ned Sherwood and his affiliates (collectively, the "Sherwood Group") to vote the proxies they actively solicited from Barnwell shareholders.
    06/02/2025
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The price of Barnwell Industries, Inc. (BRN) is 1.15 and it was updated on 2025-07-06 07:00:57.

Currently Barnwell Industries, Inc. (BRN) is in undervalued.

News
    
News

Barnwell Shareholders Adjourn 2025 Annual Meeting Due to Ned Sherwood's Refusal to Submit Votes Solicited from Shareholders

  • HONOLULU , May 30, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today announced that its 2025 Annual Meeting of Shareholders, held yesterday, Thursday, May 29, 2025, has been adjourned to Monday, June 2, 2025. The adjournment was necessitated by the deliberate refusal of Ned Sherwood and his affiliates (collectively, the "Sherwood Group") to vote the proxies they actively and aggressively solicited from Barnwell shareholders.
    Fri, May. 30, 2025

Barnwell Announces Delaware Court of Chancery Rules in Favor of Barnwell and its Board of Directors

  • Court Agrees Board Acted Reasonably to Reject Sherwood's Director Nominations for Failure to Comply with Bylaws Uncontested 2025 Annual Meeting to be Held as Scheduled on May 29, 2025 Alex Kinzler Informs Board of His Decision Not to Stand for Election at the 2025 Annual Meeting HONOLULU , May 22, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today announced that the Delaware Court of Chancery (the "Court") has ruled in favor of Barnwell and its Board of Directors in determining that the director nomination notice submitted by Ned Sherwood and certain of his affiliates (the "Sherwood Group") in connection with the Company's 2025 Annual Meeting of Stockholders was deficient and did not comply with the Company's bylaws. As a result, the Company will disqualify the Sherwood Group's nominees from standing for election at the 2025 Annual Meeting, which will be held as an uncontested election on its currently scheduled date of May 29, 2025.
    Thu, May. 22, 2025

Governance Spin Can't Hide Underperformance at Barnwell Industries, Inc.

  • Vero Beach, Florida--(Newsfile Corp. - May 19, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell", "BRN" or the "Company") today issued the following letter to Barnwell shareholders. Dear Barnwell Shareholders: In response to Barnwell Industries' (NYSE American: BRN) latest attempt to deflect attention from the Company's deteriorating financial position, the Sherwood Group urges shareholders to focus on what truly matters: results.
    Mon, May. 19, 2025

Barnwell Industries Remains Committed to Sound Corporate Governance

  • Announces Glass Lewis - For the Second Time in Three Weeks - Rejected Yet Another Attempt by the Sherwood Group to Take Control of Barnwell Sets the Record Straight in Response to the Sherwood Group's Misleading Claims Company Welcomes Heather Isidoro to the Board HONOLULU , May 16, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today reiterated its commitment to serving the best interests of all shareholders, upholding governance best practices and creating value through its ongoing strategic execution around its Alberta energy assets, in response to continued misleading and inflammatory communications from Ned Sherwood and certain of his affiliates (the "Sherwood Group"). Over the past several months, the Sherwood Group has attempted to rewrite the history of its engagement with Barnwell, distorting facts, denying clear public records, and ignoring the fundamentals of governance and fiduciary responsibility.
    Fri, May. 16, 2025

Barnwell Industries, Inc. Reports Results for its Second Quarter Ended March 31, 2025

  • HONOLULU, May 15, 2025 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported financial results for its second quarter ended March 31, 2025. For the quarter, the Company had revenue from continuing operations of $3,569,000 and a net loss from continuing operations of $1,538,000 or $0.15 per share. In the prior year quarter ended March 31, 2024, the Company reported quarterly revenue from continuing operations of $4,678,000 and a net loss from continuing operations of $1,306,000 or $0.13 per share.
    Thu, May. 15, 2025
SEC Filings
SEC Filings

Barnwell Industries, Inc. (BRN) - ARS

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 3

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - ARS

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - ARS

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Barnwell Industries, Inc. (BRN) - S-8

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Barnwell Industries, Inc. (BRN) - 3

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 144

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Barnwell Industries, Inc. (BRN) - ARS

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Barnwell Industries, Inc. (BRN) - 3

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 144

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Barnwell Industries, Inc. (BRN) - 144

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Barnwell Industries, Inc. (BRN) - 144

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Barnwell Industries, Inc. (BRN) - 144

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 3

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - S-3

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Barnwell Industries, Inc. (BRN) - 144

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Barnwell Industries, Inc. (BRN) - 4/A

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - S-8

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Barnwell Industries, Inc. (BRN) - 3

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 3/A

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4/A

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 3

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Barnwell Industries, Inc. (BRN) - 3/A

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - ARS

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - ARS

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4/A

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 3

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 3

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Barnwell Industries, Inc. (BRN) - ARS

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Barnwell Industries, Inc. (BRN) - ARS

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - ARS

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - ARS

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - ARS

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - S-8

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Barnwell Industries, Inc. (BRN) - 4/A

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 3

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 144

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4/A

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 144

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4/A

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Barnwell Industries, Inc. (BRN) - ARS

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4/A

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4/A

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - 4

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Barnwell Industries, Inc. (BRN) - ARS

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Barnwell Industries, Inc. (BRN) - S-8

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Press Releases
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Barnwell Industries Shareholders Reject Ned Sherwood's Attempt to Take Full Control of the Company

  • Announces Preliminary Results of Consent Solicitation HONOLULU , May 14, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today announced that, based on preliminary results from the Company's proxy solicitor, Barnwell shareholders have rejected the attempt by Ned Sherwood and certain of his affiliates (the "Sherwood Group") to remove and replace the entire Barnwell Board of Directors. While preliminary results indicate that shareholders consented to remove directors Alexander Kinzler and former Sherwood Group nominee Douglas Woodrum, and to elect Sherwood Group nominee Heather Isidoro, the Sherwood Group failed to elect a majority of the Board.
  • 05/14/2025

Barnwell Industries Urges Shareholders to Vote in Accordance with ISS Recommendation and Reject Ned Sherwood's Attempt to Take Over the Company

  • HONOLULU , May 12, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today urged shareholders to follow the recommendation by leading proxy advisory firm Institutional Shareholder Services Inc. ("ISS") in its May 7, 2025, report in which it recommended just one candidate, Heather Isidoro, from the slate put forward by Ned Sherwood and his affiliates (the "Sherwood Group"). In its report, ISS stated1: As such, votes on the dissident card for the removal of [Alex] Kinzler, and against the removal of Kenneth Grossman, Joshua Horowitz, and Douglas Woodrum are warranted; as is support for dissident nominee Isidoro, and votes against dissident nominees James Cornell, Stuart Oran, Sherwood, and Gregory Sullivan.
  • 05/12/2025

Barnwell Industries Claims Open to Resolution - All Talk, No Action

  • Vero Beach, Florida--(Newsfile Corp. - May 1, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell" or "BRN") today issued the following letter to Barnwell shareholders: Dear Barnwell Shareholders: To set the record straight, the Sherwood Group has made repeated efforts to work constructively with this management team. Over the last four years, the Sherwood Group has entered into two separate cooperation agreements and offered strategic recommendations aimed at strengthening the business, improving operational efficiency, and reducing costs.
  • 05/01/2025

Barnwell Industries Reiterates Willingness to Amicably Resolve Proxy Contest with Ned Sherwood

  • Focused on Moving Forward without Further Distraction to Drive Value for ALL Shareholders HONOLULU , April 30, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today issued the following statement in response to recent developments in the proxy contest initiated by Ned Sherwood and his affiliated entities. Barnwell is pleased that Glass Lewis & Co., a leading independent proxy advisory firm, has declared the removal of all three of the Company's highly qualified incumbent director nominees — Alexander C.
  • 04/30/2025

Leading Proxy Advisory Firm Glass Lewis Soundly Rejects Sherwood Group's Attempt to Seize Control of Barnwell

  • Glass Lewis Opposes Removal of Barnwell Board Members Ken Grossman, Josh Horowitz and Alex Kinzler Barnwell Shareholders Should Ignore and Discard Any Blue Consent Solicitation Card Shareholders Who Sent a Blue Consent Solicitation Card Can Revoke Their Vote by  Sending the Company's White Card HONOLULU, Hawaii , April 29, 2025 /PRNewswire/ -- Barnwell Industries, Inc. ("Barnwell" or the "Company") (NYSE American: BRN) today announced that Glass Lewis, a leading independent proxy advisory firm, has resoundingly rejected the Sherwood Group's efforts to take control of the Company and declared the removal of Barnwell directors Ken Grossman, Josh Horowitz and Alex Kinzler to be unwarranted. Glass Lewis also recommended the removal of Doug Woodrum, one of Ned Sherwood's former nominees who is currently serving on the Board.
  • 04/29/2025

Barnwell Industries Corrects Ned Sherwood's Misleading Claims

  • Alex Kinzler does NOT support Sherwood's Consent Solicitation Consent Submitted by Alex Kinzler for One Share Required to Commence Consent Solicitation Urges Shareholders to Ignore and Discard any Blue Consent Solicitation Card HONOLULU, March 19, 2025 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (“Barnwell” or the “Company”) today corrected the record regarding Ned Sherwood's highly misleading statements made in connection with his attempt to take over Barnwell without paying a premium to shareholders. Contrary to Sherwood's claims in a press release this morning, and for the avoidance of doubt, Alex Kinzler, Executive Chairman, General Counsel and Corporate Secretary, is a member of Barnwell's Executive Committee of the Board defending the Company AGAINST Sherwood's costly and distracting consent solicitation.
  • 03/19/2025

Ned L. Sherwood, MRMP-Managers LLC and Ned L. Sherwood Revocable Trust (collectively, the "Sherwood Group") Urges All Barnwell Industries, Inc. ("Barnwell" or "BRN") Shareholders to Consent on the Blue Card as Consent Window Opens

  • Vero Beach, Florida--(Newsfile Corp. - March 19, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell" or "BRN") is pleased to announce that the consent window has officially begun with the receipt of the first consent. On Friday, March 14, 2025, Mr.
  • 03/19/2025

Barnwell Industries, Inc. Announces Sale of its Water Drilling Subsidiary for $1,050,000

  • Sale Will Streamline Parent Company Operations to Focus on Oil and Natural Gas Business Sale Will Streamline Parent Company Operations to Focus on Oil and Natural Gas Business
  • 03/17/2025

Barnwell Industries, Inc. Disqualifies Ned Sherwood's Board Nominees Included in Defective and Insufficient Nomination Notice for 2025 Annual Meeting

  • Sets March 14, 2025, as Record Date for Shareholders to Act by Written Consent in Connection with Sherwood's Latest Self-Serving Campaign to Take Control of Barnwell
  • 03/05/2025

Barnwell Industries, Inc. Announces Entering into a Non-Binding Letter of Intent for the Sale of its Water Well Drilling Subsidiary

  • HONOLULU, March 05, 2025 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (“Barnwell” or the “Company”) today announced that it had entered into a non-binding letter of intent for the sale of Water Resources International, Inc., its water well drilling subsidiary. The Company anticipates that the transaction, for an expected aggregate value of $1,050,000, would close in late March 2025. A portion of the consideration would be paid at the closing and the remainder would be paid in installments, with the last installment payable on September 15, 2025, before the end of the Company's current fiscal year.
  • 03/05/2025

Barnwell Industries, Inc. Informs Ned Sherwood of Defective and Insufficient Director Nomination Notice and Investigation of Circumstances that May Have Triggered Shareholder Rights Plan

  • Actions Continue Ned Sherwood's Long History of Disruption, Breaches of Settlement Agreements and Blatant Disregard for Established Bylaws and Shareholder Protections
  • 02/25/2025

Barnwell Industries, Inc. Reports Results for its First Quarter Ended December 31, 2024

  • HONOLULU, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported financial results for its first quarter ended December 31, 2024. For the quarter, the Company had revenue of $4,477,000 and a net loss of $1,917,000 or $0.19 per share. In the three months ended December 31, 2023, the Company reported quarterly revenue of $6,155,000 and a net loss of $664,000 or $0.07 per share. The Company remains debt free and ended the quarter with $642,000 in working capital, including $1,957,000 in cash and cash equivalents.
  • 02/14/2025

Barnwell Industries, Inc. Adopts Limited-Duration Shareholder Rights Plan

  • Designed to Prevent “Creeping” Control by 30% Shareholder and Protect the Long-Term Value for All Shareholders Designed to Prevent “Creeping” Control by 30% Shareholder and Protect the Long-Term Value for All Shareholders
  • 01/27/2025

Barnwell Industries, Inc. Reports Results for its Fourth Quarter and Year Ended September 30, 2024

  • Success of Twining Drilling Program Continues While Optimization Projects Maintain Production Levels and Reduce Operating Costs
  • 12/16/2024

Barnwell Industries, Inc. Reports Results for its Third Quarter Ended June 30, 2024

  • Twining Drilling Program is Underway While Optimization InvestmentsMaintain Production and Reduce Operating Costs
  • 08/13/2024

Barnwell Industries, Inc. Reports Results for its Second Quarter Ended March 31, 2024

  • Production Increases for All Products Continued Reduction in General and Administrative Expenses
  • 05/14/2024

Barnwell Industries, Inc. Announces Planned CEO Succession

  • CEO Alexander Kinzler to Transition CEO Leadership to Barnwell of Canada  President and COO Craig Hopkins
  • 02/20/2024

Barnwell Industries, Inc. Reports First Quarter Results

  • Meaningful Production Increases Across all Products Continued Reduction in General and Administrative Expenses
  • 02/12/2024

Barnwell Industries, Inc. Reports Fourth Quarter and Year End Results

  • Divestiture of Hawaii Contract Drilling Operations to Streamline Operations and Reduce Corporate Overhead
  • 12/15/2023

Barnwell Industries, Inc. Announces Entry into Agreement for the Sale of Water Resources International, Inc. for Gross Proceeds of $2,000,000

  • Transaction Unlocks Substantial Shareholder Value; Sale Expected to Streamline Operations to Focus on Domestic and Canadian Oil and Natural Gas Business Transaction Unlocks Substantial Shareholder Value; Sale Expected to Streamline Operations to Focus on Domestic and Canadian Oil and Natural Gas Business
  • 12/14/2023

Barnwell Industries, Inc. Reports Third Quarter and Nine Months Ended June 30, 2023 Results

  • Production of all Products Increased over the Prior Year's Third Quarter Company Declares Cash Dividend HONOLULU, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported net losses of $717,000, $0.07 per share, and $865,000, $0.09 per share, for the three and nine months ended June 30, 2023, respectively, as compared to net earnings of $2,531,000, $0.25 per share, and $5,656,000, $0.59 per share, for the three and nine months ended June 30, 2022, respectively. Mr. Alexander C.
  • 08/11/2023

6 Deep Value Microcaps With Decent Trading Momentum

  • With the overall U.S. stock market struggling for direction, stock picking is now of paramount importance. Little-followed microcaps offer an area where bargains can be found.
  • 03/02/2023

Volume Breakout Report Update: Buy Eton Pharmaceuticals

  • A number of VBR "green energy" picks have popped higher in January, pulling investment returns for the group of past picks strongly higher. A performance review of 46 previous selections since late June is discussed.
  • 01/16/2023

3 Small-Cap Bargains: Volume Breakout Report Update

  • A handful of past VBR picks are becoming net asset turnaround ideas on price weakness. Ultra-low price to tangible book value and EV to EBITDA readings are entering bargain territory.
  • 09/30/2022

Charah Solns (NYSE:CHRA), Barnwell Industries (AMEX:BRN) – Barnwell Industries And 3 Other Penny Stocks Insiders Are Aggressively Buying

  • The Nasdaq Composite dipped by more than 600 points on Tuesday. Investors, meanwhile, focused on some notable insider trades.
  • 09/14/2022

Volume Breakout Report: August 20, 2022 (Technical Analysis)

  • Improving VBR performance numbers are discussed. 4 new buy signals are explained.
  • 08/21/2022

Barnwell Fiscal Q3 Revenue Increases 28% in the quarterly period to $5.1 Million, Reports Net Earnings of $5.0 Million and $0.59 Net EPS; Regains Compliance with NYSE

  • Strong financial results demonstrate significant improvements and turnaround of the company Strong financial results demonstrate significant improvements and turnaround of the company
  • 08/11/2021

Barnwell Announces Disposition of Spirit River Assets

  • HONOLULU, July 14, 2021 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (the “Company”) today announced that Barnwell of Canada, Limited, its wholly-owned subsidiary (“Barnwell Canada”), has entered into and completed a purchase and sale agreement with an independent third party for the sale of Barnwell Canada's interests in certain natural gas and oil properties located in the Spirit River area of Alberta, Canada. The purchase price for Barnwell Canada's interests was approximately US$1,037,000, at current Canadian dollar exchange rates, and is subject to customary adjustments including adjustments to reflect an effective closing date of sale of July 8, 2021. Barnwell expects to report a gain on this transaction which will be recognized in its fourth quarter ending September 30, 2021.
  • 07/14/2021

Barnwell Industries, Inc. Announces July 13, 2021 Pro Forma Stockholders' Equity in Excess of $4.0 Million

  • HONOLULU, July 13, 2021 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (the “Company”, “we”, “our”) announced today that it had unaudited pro forma stockholders' equity, as of July 13, 2021, in excess of the $4.0 million minimum amount of stockholders' equity that the Company is required to maintain under the NYSE American's continued listing standards.
  • 07/13/2021

Popular Penny Stocks to Buy Right Now? 7 For Your Watchlist

  • Trending penny stocks can be a great addition to your watchlist, here's 7 popular small-caps for your list The post Popular Penny Stocks to Buy Right Now? 7 For Your Watchlist appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
  • 07/02/2021

Barnwell Industries (BRN) Stock: 24.44% Increase Explanation

  • The stock price of Barnwell Industries (NYSEAMERICAN: BRN) increased by 24.44% today. This is why it happened.
  • 05/12/2021

Barnwell Industries, Inc. Reports Results for the Second Quarter and Six Months Ended March 31, 2021

  • Company Benefits From Higher Oil Prices Company Benefits From Higher Oil Prices
  • 05/12/2021

GenomeWeb Index Drops 3% for 2nd Consecutive Month

  • Meridian Bioscience Inc. (NASDAQ:VIVO) edged out GenMark Diagnostics Inc. (NASDAQ:GNMK) as the top gainer in the March GenomeWeb Index with a 25% boost in its share price compared to GenMark's 22.5% increase. At the other end of the spectrum were Adaptive Biotechnologies Corp. (NASDAQ:ADPT), whose shares plummeted 28%, Burning Rock Biotech (BRN) with a 25% decline and Quanterix Corp. (QNTX), which fell 22.8%.
  • 04/13/2021

Barnwell Industries, Inc. Reports Earnings for Its First Quarter Ended December 31, 2020

  • HONOLULU, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported net earnings of $584,000, $0.07 per share, for the three months ended December 31, 2020, as compared to a net loss of $414,000, $0.05 per share, for the three months ended December 31, 2019.
  • 02/10/2021

Barnwell Industries Reaches Agreement With MRMP Stockholders to End Potential Proxy Contest

  • Agrees to Designated Slate of Directors for Election at 2021 Annual Meeting of Stockholders Agrees to Designated Slate of Directors for Election at 2021 Annual Meeting of Stockholders
  • 01/28/2021

Barnwell Industries, Inc. Reports Receipt of Notice of Nominations and Formation of Special Committee; Provides Business Update

  • HONOLULU, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (“Barnwell”, the “Company”) announced today that it has received notice of director nominations for election at the 2021 annual meeting of stockholders (the “2021 Annual Meeting”) from Ned L. Sherwood, Bradley M. Tirpak and MRMP-Managers LLC, who also jointly nominated directors for election at Barnwell's 2020 annual meeting of stockholders.
  • 01/11/2021

Barnwell Industries, Inc. Reports Year-End and Fourth Quarter Results

  • HONOLULU, Dec. 11, 2020 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported a net loss of $4,756,000, $0.57 per share, for the year ended September 30, 2020, as compared to a net loss of $12,414,000, $1.50 per share, for the year ended September 30, 2019. For the quarter ended September 30, 2020, Barnwell reported net earnings of $628,000, $0.08 per share, as compared to a net loss of $4,324,000, $0.52 per share, for the quarter ended September 30, 2019.
  • 12/11/2020

Barnwell Industries, Inc. Reports Results For The Third Quarter And Nine Months Ended June 30, 2020

  • HONOLULU, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported a net loss of $3,456,000, or $0.42 per share, and $5,384,000, or $0.65 per share, for the three and nine months ended June 30, 2020, respectively, as compared to a net loss of $1,365,000, $0.16 per share, and $8,090,000, $0.98 per share, for the three and nine months ended June 30, 2019, respectively. Mr. Alexander Kinzler, Chief Executive Officer of Barnwell, commented, “The $2,091,000 increase in the loss for the three months ended June 30, 2020 as compared to last year’s three months ended June 30, 2019 was due to a $2,689,000 non-cash impairment of our oil and natural gas properties due to the lower oil prices in 2020 compared to 2019, which was partially offset by an increase in operating results at our contract drilling segment of $608,000. Oil and natural gas operating results before consideration of the above-mentioned non-cash impairment declined from a $265,000 operating loss to a $523,000 operating loss due primarily to a 67% decline in oil prices received by the Company, even though oil production increased by 26% (or 7,000 barrels) for the three months ended June 30, 2020. Our average oil price received for the three months ended March 31, 2020 was $17.24 per barrel and has since recovered to a price closer to our average year-to-date price of $33.62 per barrel.“The $2,706,000 decrease in the loss for the nine months ended June 30, 2020 as compared to last year’s loss for the nine months ended June 30, 2019 was due to a $2,600,000 increase in Barnwell’s contract drilling segment operating profit due to increased drilling activity; a $1,336,000 gain, before taxes, in the current period from the sale of the Company’s leasehold interest in a storage yard in Honolulu, whereas there was no such gain in last year’s period; a $968,000 improvement in Barnwell’s oil and natural gas segment operating results, before impairments and income taxes, due primarily to a 19% (or 18,000 barrels) increase in oil production, partially offset by a $1,913,000 increase in the non-cash impairment of our oil and natural gas properties; and a $414,000 increase in general and administrative expenses due to increased legal, proxy solicitation and proxy advisory costs. The significantly increased operational activity that has led to our fiscal 2020’s three and nine month periods increased contract drilling segment operating results has declined since June 30, 2020, as a significant well drilling job is nearing completion and revenues at the contract drilling segment are anticipated to decline as compared to recently completed quarters.“We are pleased to report that in early August 2020, Kaupulehu Developments received two percentage of sales payments totaling $325,000 from the sale of two lots within Phase II of Increment I, indicating renewed developer lot sales activity at Kaupulehu. Financial results from the receipt of these payments will be reflected in Barnwell’s quarter ending September 30, 2020. Additionally, Barnwell’s working capital was $1,691,000, including cash and cash equivalents of $4,106,000, at June 30, 2020.”The information contained in this press release contains “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. A forward-looking statement is one which is based on current expectations of future events or conditions and does not relate to historical or current facts. These statements include various estimates, forecasts, projections of Barnwell’s future performance, statements of Barnwell’s plans and objectives, and other similar statements. Forward-looking statements include phrases such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “predicts,” “estimates,” “assumes,” “projects,” “may,” “will,” “will be,” “should,” or similar expressions. Although Barnwell believes that its current expectations are based on reasonable assumptions, it cannot assure that the expectations contained in such forward-looking statements will be achieved. Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements. The risks, uncertainties and other factors that might cause actual results to differ materially from Barnwell’s expectations are set forth in the “Forward-Looking Statements,” “Risk Factors” and other sections of Barnwell’s annual report on Form 10-K for the last fiscal year and Barnwell’s other filings with the Securities and Exchange Commission. Investors should not place undue reliance on the forward-looking statements contained in this press release, as they speak only as of the date of this press release, and Barnwell expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein.CONTACT:Alexander C. Kinzler  Chief Executive Officer and President     Russell M. Gifford  Executive Vice President and Chief Financial Officer     Tel: (808) 531-8400 COMPARATIVE OPERATING RESULTS (Unaudited)           Three months ended Nine months ended  June 30, June 30,   2020   2019   2020   2019           Revenues$3,984,000  $3,409,000  $13,416,000  $8,967,000             Net loss attributable to Barnwell Industries, Inc.$  (3,456,000) $(1,365,000) $(5,384,000) $(8,090,000)          Net loss per        share – basic and diluted$(0.42) $(0.16) $(0.65) $(0.98)          Weighted-average shares and equivalent shares outstanding:          Basic and diluted 8,277,160   8,277,160   8,277,160   8,277,160
  • 08/11/2020

Barnwell Industries, Inc. (NYSEMKT:BRN) Insiders Increased Their Holdings

  • We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
  • 07/26/2020

Barnwell Industries, Inc. Reports Results for the Second Quarter and Six Months Ended March 31, 2020

  • HONOLULU, June 23, 2020 -- Barnwell Industries, Inc. (NYSE American: BRN) today reported losses of $1,514,000, $0.18 per share, and $1,928,000, $0.23 per share, for the three.
  • 06/23/2020

Was short staffing to blame for Capital Region nursing home outbreaks?

  • A Times Union review of 10 nursing homes with the largest or deadliest coronavirus outbreaks in the Capital Region found many have struggled to maintain adequate staffing and infection control over the years. While much attention has been paid in recent weeks to a state directive that may have helped fuel the coronavirus crisis in New York’s nursing homes, advocates contend that longstanding issues at these facilities — namely, chronic short staffing and infection control lapses — undoubtedly played a role as well.
  • 05/30/2020

How Does Barnwell Industries, Inc. (NYSEMKT:BRN) Affect Your Portfolio Volatility?

  • If you own shares in Barnwell Industries, Inc. (NYSEMKT:BRN) then it's worth thinking about how it contributes to the...
  • 04/15/2020

Hawaii tourism is the 'Most Affected' by COVID-19 in US

  • The coronavirus pandemic has wreaked havoc on many of America’s “non-essential” industries. That includes tourism, as countless attractions have closed | eTurboNews | Trends | Travel News | Hawaii Travel News
  • 04/14/2020

Barnwell Announces Update on Contract Drilling Operations

  • 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.
  • 04/14/2020

MRMP-Managers Announces the Election of Three of its Nominees to the Board of Directors of Barnwell Industries, Inc.

  • 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.
  • 04/10/2020

BARNWELL INDUSTRIES, INC. ANNOUNCES ACCEPTANCE OF COMPLIANCE PLAN BY NYSE AMERICAN

  • 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”).
  • 04/08/2020

Barnwell Announces Asset Sale and Provides Update on Its Oil and Gas Operations in the Current Low Commodity Price Environment

  • 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.
  • 04/02/2020

Leading Proxy Advisor Glass Lewis Recommends Barnwell Industries, Inc. Stockholders Vote FOR Company’s Entire Slate of Experienced Director Nominees on WHITE Proxy Card

  • 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.
  • 03/25/2020

Leading Proxy Advisory Firm Institutional Shareholder Services Recommends Stockholders of Barnwell Industries Vote FOR Three of MRMP’s Slate of Nominees

  • 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.
  • 03/24/2020

Barnwell Industries, Inc. Sets the Record Straight Regarding Dissident Stockholders’ False and Misleading Statements

  • 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.
  • 03/16/2020

Barnwell Industries, Inc. Publishes Investor Presentation, Outlining Strong Board and Plan to Create Long-Term Value for All Stockholders

  • 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.
  • 03/13/2020

MRMP-Managers LLC and Barnwell Industries’ Largest Independent Shareholder Group Mails Definitive Proxy to Elect New Directors

  • 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").
  • 03/04/2020

Barnwell Industries, Inc. Files Definitive Proxy and Sends Letter to Stockholders

  • 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.
  • 03/02/2020

Does Barnwell Industries, Inc.'s (NYSEMKT:BRN) CEO Pay Reflect Performance?

  • Alexander Kinzler has been the CEO of Barnwell Industries, Inc. (NYSEMKT:BRN) since 2016. First, this article will...
  • 03/01/2020

Barnwell Industries, Inc. Provides Update on its Operations

  • 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).
  • 02/26/2020

Barnwell Industries, Inc. Announces Proposed Changes to Board of Directors

  • Barnwell Industries announced proposed changes to refresh and strengthen its Board of Directors
  • 02/14/2020

CYBR, BBBY among premarket losers

  • Zosano Pharma (NASDAQ:ZSAN) -47% after pricing stock offering.PolarityTE (NASDAQ:PTE) -45% after launching equity offering.PDS Biotechnology (NASDAQ:PDSB) -27% after pricing stock offering.Bed Bath &a
  • 02/12/2020

Barnwell Industries, Inc. Reports Results for the First Quarter Ended December 31, 2019

  • 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.
  • 02/11/2020

MRMP-Managers LLC and Barnwell Industries’ Largest Independent Shareholder Group Demands the Board Immediately Hold a Shareholders 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").
  • 02/04/2020

Some Barnwell Industries (NYSEMKT:BRN) Shareholders Have Copped A Big 59% Share Price Drop

  • Barnwell Industries, Inc. (NYSEMKT:BRN) shareholders will doubtless be very grateful to see the share price up 187% in...
  • 01/16/2020

Barnwell Industries, Inc. Reports on NYSE American Noncompliance Notice and Compliance Plan

  • 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.
  • 01/15/2020

New blue plaque unveiled for extraordinary Cambridge woman

  • The impact of her life is still being felt today, in Cambridge and way beyond
  • 01/11/2020

Barnwell Industries, Inc. Reports Year-End and Fourth Quarter Results

  • 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.
  • 12/16/2019

Barnwell Industries, Inc. Provides Update on Its Oil and Gas Operations

  • 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.
  • 12/03/2019
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