BARNWELL INDS, (BRN) Stock Research Free Stock Rating

Company Profile

Barnwell Industries, Inc. and its subsidiaries engage in the exploration, development, production, and sale of oil and natural gas primarily in Canada. The company also drills wells and maintains water systems, as well as invests in leasehold land in Hawaii. The company’s principal oil and natural gas property includes Dunvegan Unit located in Alberta. As of September 30, 2004, this property had 148 natural gas wells. It owned and operated four rotary drill rigs, and pump installation and service equipment, as well as leased one rotary drill/workover rig to an oil company, as of the above date. The company had 1,135,000 barrels of proved oil and 21,614,000 thousand cubic feet of proved natural gas reserves, as of above date. Barnwell Industries is headquartered in Honolulu, Hawaii.

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