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Stock impact report

Barnwell Industries, Inc. Provides Update on its Operations

Barnwell Industries, Inc. (BRN) 
NASDAQ:AMEX Investor Relations: brninc.com
Company Research Source: GlobeNewswire
HONOLULU, Feb. 26, 2020 (GLOBE NEWSWIRE) -- 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).  Mr. Alexander Kinzler, Chief Executive Officer of Barnwell, commented, “The results we recently released for our first fiscal quarter of 2020 showed a 90% improved bottom line, operating profits in our oil and gas and water well company divisions and demonstrate our continued progress in implementing our plans to increase production and revenues. “Just prior to the end of fiscal 2019, we participated with a 28.3% interest in a horizontal well in the Spirit River area of Alberta.  This well commenced drilling in late September 2019, came on production in mid-November 2019 and has proven Show less Read more
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