<SEC-DOCUMENT>0000899681-20-000034.txt : 20200811
<SEC-HEADER>0000899681-20-000034.hdr.sgml : 20200811
<ACCEPTANCE-DATETIME>20200811094857
ACCESSION NUMBER:		0000899681-20-000034
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200811
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200811
DATE AS OF CHANGE:		20200811

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARNWELL INDUSTRIES INC
		CENTRAL INDEX KEY:			0000010048
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				720496921
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05103
		FILM NUMBER:		201091338

	BUSINESS ADDRESS:	
		STREET 1:		1100 ALAKEA ST.
		STREET 2:		SUITE 2900
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96813
		BUSINESS PHONE:		808-531-8400

	MAIL ADDRESS:	
		STREET 1:		1100 ALAKEA ST.
		STREET 2:		SUITE 2900
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96813

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BMA CORP/TN
		DATE OF NAME CHANGE:	19770324

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BARNWELL OFFSHORE INC
		DATE OF NAME CHANGE:	19671101
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>p20-0044_8k.htm
<DESCRIPTION>8K-BARNWELL
<TEXT>
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    <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, DC 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Current Report Pursuant to Section&#160;13 or 15(d)</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">of the Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;">Date of Report (Date of earliest event reported):<font style="font-weight: bold;"> August 11, 2020</font></div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 24pt; font-weight: bold;">BARNWELL INDUSTRIES, INC.</div>
    <div style="text-align: center; font-size: 12pt;">(Exact Name of Registrant as Specified in its Charter)</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zf770184e4c7642c1898eba41e3249a82">

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          <td style="width: 39.55%; vertical-align: top; border-bottom: #000000 1px solid;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">Delaware</div>
          </td>
          <td style="width: 27.13%; vertical-align: top; border-bottom: #000000 1px solid;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">1-5103</div>
          </td>
          <td style="width: 33.32%; vertical-align: top; border-bottom: #000000 1px solid;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">72-0496921</div>
          </td>
        </tr>
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          <td style="width: 39.55%; vertical-align: top; border-top: #000000 1px solid;">
            <div style="text-align: center; font-size: 12pt;">(State or other jurisdiction of Incorporation)</div>
          </td>
          <td style="width: 27.13%; vertical-align: top; border-top: #000000 1px solid;">
            <div style="text-align: center; font-size: 12pt;">(Commission File Number)</div>
          </td>
          <td style="width: 33.32%; vertical-align: top; border-top: #000000 1px solid;">
            <div style="text-align: center; font-size: 12pt;">(IRS Employer Identification No.)</div>
          </td>
        </tr>

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    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">1100 Alakea Street, Suite 2900</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Honolulu, Hawaii&#160; 96813</div>
    <div style="text-align: center; font-size: 12pt;">(Address of Principal Executive Offices) (Zip Code)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">(808)&#160;531-8400</div>
    <div style="text-align: center; font-size: 12pt;">(Registrant&#8217;s Telephone Number, Including Area Code)</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">Securities registered pursuant to Section 12(b) of the Act:</div>
    <div style="text-align: justify;">&#160;</div>
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          <td style="width: 32.01%; vertical-align: top; border-bottom: #000000 2px double;">
            <div style="text-align: center;">Title of each class</div>
          </td>
          <td style="width: 2%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 24%; vertical-align: top; border-bottom: #000000 2px double;">
            <div style="text-align: center;">Trading Symbol(s)</div>
          </td>
          <td style="width: 2%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 40%; vertical-align: top; border-bottom: #000000 2px double;">
            <div style="text-align: center;">Name of each exchange on which registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.01%; vertical-align: top;">
            <div style="text-align: center;">Common Stock, $0.50 Par Value</div>
          </td>
          <td style="width: 2%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 24%; vertical-align: top;">
            <div style="text-align: center;">BRN</div>
          </td>
          <td style="width: 2%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 40%; vertical-align: top;">
            <div style="text-align: center;">NYSE American</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zdf6f76d5f2d04fe9b847b5f1d0d6d23a">

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          <td style="width: 3.85%; vertical-align: top;">
            <div>[&#160;&#160;]</div>
          </td>
          <td style="width: 96.15%; vertical-align: top;">
            <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.85%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 96.15%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.85%; vertical-align: top;">
            <div>[&#160;&#160;]</div>
          </td>
          <td style="width: 96.15%; vertical-align: top;">
            <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.85%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 96.15%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.85%; vertical-align: top;">
            <div>[&#160;&#160;]</div>
          </td>
          <td style="width: 96.15%; vertical-align: top;">
            <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.85%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 96.15%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.85%; vertical-align: top;">
            <div>[&#160;&#160;]</div>
          </td>
          <td style="width: 96.15%; vertical-align: top;">
            <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify;">&#160;</div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).&#160; Emerging growth company [&#160;&#160;]</div>
    <div><br>
    </div>
    <div style="text-align: justify;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. [&#160;&#160;]</div>
    <div>
      <div style="margin-bottom: 2pt;"><br>
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    <div style="margin-bottom: 12pt; font-size: 12pt; font-weight: bold;"><u>Item 2.02</u>&#160; <u>Results of Operations and Financial Condition</u>.</div>
    <div style="margin-bottom: 12pt; font-size: 12pt;">On August 11, 2020, Barnwell Industries, Inc. issued a press release announcing its financial results for its fiscal quarter ended June 30, 2020.&#160; A copy of such press release is furnished as Exhibit
      99.1 to this Current Report.</div>
    <div style="margin-bottom: 12pt; font-size: 12pt;"><font style="font-weight: bold;"><u>Item 9.01</u></font>&#160; <font style="font-weight: bold;"><u>Financial Statements and Exhibits</u></font><font style="font-weight: bold;">.</font></div>
    <div style="margin-bottom: 12pt;"><font style="font-size: 12pt;">(d)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">Exhibits</font></div>
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            <div style="font-size: 12pt;"><u>Exhibit No.</u></div>
          </td>
          <td style="width: 75.04%; vertical-align: top;">
            <div style="font-size: 12pt;"><u>Description</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.96%; vertical-align: top;">
            <div style="font-size: 12pt;"><a href="p20-044_ex991.htm">99.1</a></div>
          </td>
          <td style="width: 75.04%; vertical-align: top;">
            <div style="font-size: 12pt;">Press release dated August 11, 2020</div>
          </td>
        </tr>

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    <div style="margin-bottom: 12pt;"><br>
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    <div style="text-align: center; margin-bottom: 12pt; font-size: 12pt; font-weight: bold;">SIGNATURE</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt; font-size: 12pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
      authorized.</div>
    <div style="margin-bottom: 12pt; font-size: 12pt;">Dated:&#160; August 11, 2020</div>
    <div><br>
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          <td style="width: 36.36%; vertical-align: top;">&#160;</td>
          <td style="width: 63.64%; vertical-align: top;" colspan="3">
            <div style="font-size: 12pt;">BARNWELL INDUSTRIES, INC.</div>
          </td>
        </tr>
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          <td style="vertical-align: top; width: 36.36%; padding-top: 0px; padding-right: 0px; padding-left: 0px;">&#160;</td>
          <td style="vertical-align: top; width: 9.09%; padding-top: 0px; padding-right: 0px; padding-left: 0px;">
            <div style="font-size: 12pt;">By:</div>
          </td>
          <td style="vertical-align: top; width: 11.11%; padding-top: 0px; padding-right: 0px; padding-left: 0px;">&#160;</td>
          <td style="vertical-align: top; width: 43.43%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>
              <div style="font-size: 12pt;">/s/ Russell M. Gifford</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.36%; vertical-align: top;">&#160;</td>
          <td style="width: 9.09%; vertical-align: top;">&#160;</td>
          <td style="width: 11.11%; vertical-align: top;">
            <div style="text-indent: -18pt; margin-left: 18pt; font-size: 12pt;">Name:</div>
          </td>
          <td style="width: 43.43%; vertical-align: top;">
            <div style="text-indent: -18pt; margin-left: 18pt; font-size: 12pt;">Russell M. Gifford</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.36%; vertical-align: top;">&#160;</td>
          <td style="width: 9.09%; vertical-align: top;">&#160;</td>
          <td style="width: 11.11%; vertical-align: top;">
            <div style="text-indent: -18pt; margin-left: 18pt; font-size: 12pt;">Title:</div>
          </td>
          <td style="width: 43.43%; vertical-align: top;">
            <div style="text-indent: 0.2pt; font-size: 12pt;">Executive Vice President and Chief Financial Officer</div>
          </td>
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    <div style="text-align: center; margin-bottom: 24pt; font-size: 12pt;"><u>Exhibit Index</u></div>
    <div><br>
    </div>
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          <td style="width: 24.96%; vertical-align: top;">
            <div style="font-size: 12pt;"><u>Exhibit No.</u></div>
          </td>
          <td style="width: 75.04%; vertical-align: top;">
            <div style="font-size: 12pt;"><u>Description</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.96%; vertical-align: top;">
            <div style="font-size: 12pt;">99.1</div>
          </td>
          <td style="width: 75.04%; vertical-align: top;">
            <div style="font-size: 12pt;">Press release dated August 11, 2020</div>
          </td>
        </tr>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>p20-044_ex991.htm
<DESCRIPTION>PRESS RELEASE DATED AUGUST 11, 2020
<TEXT>
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    <div style="text-align: right; font-size: 12pt;"><u>Exhibit 99.1</u></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
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    <table cellspacing="0" cellpadding="0" id="z0f3be3149a8c46cab95f10dfe70bc943" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <div><img width="86" height="85" src="image0.jpg"></div>
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            <div style="font-size: 18pt; font-weight: bold;">BARNWELL INDUSTRIES, INC.</div>
          </td>
          <td style="width: 30.17%; vertical-align: top; border-bottom: #000000 2px double;">
            <div style="font-size: 18pt; font-weight: bold;">P R E S S</div>
          </td>
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          <td style="width: 30.17%; vertical-align: top; border-top: #000000 2px double;">
            <div style="font-size: 12pt;">R&#160; E&#160; L&#160; E&#160; A&#160; S&#160; E</div>
            <div>1100 Alakea Street, Suite 2900</div>
            <div>Honolulu, Hawaii 96813</div>
            <div>Telephone (808) 531-8400</div>
            <div>Fax (808) 531-7181</div>
            <div>Website: www.brninc.com</div>
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    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z7c36a7a037b44e8cb7f5bfd7dfe33f5b" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          <td style="width: 22.48%; vertical-align: top;">
            <div style="font-size: 12pt;">CONTACT:</div>
          </td>
          <td style="width: 77.52%; vertical-align: top;">
            <div style="font-size: 12pt;">Alexander C. Kinzler</div>
          </td>
        </tr>
        <tr>
          <td style="width: 22.48%; vertical-align: top;">&#160;</td>
          <td style="width: 77.52%; vertical-align: top;">
            <div style="font-size: 12pt;">Chief Executive Officer and President</div>
          </td>
        </tr>
        <tr>
          <td style="width: 22.48%; vertical-align: top;">&#160;</td>
          <td style="width: 77.52%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 22.48%; vertical-align: top;">&#160;</td>
          <td style="width: 77.52%; vertical-align: top;">
            <div style="font-size: 12pt;">Russell M. Gifford</div>
          </td>
        </tr>
        <tr>
          <td style="width: 22.48%; vertical-align: top;">&#160;</td>
          <td style="width: 77.52%; vertical-align: top;">
            <div style="font-size: 12pt;">Executive Vice President and Chief Financial Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 22.48%; vertical-align: top;">&#160;</td>
          <td style="width: 77.52%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 22.48%; vertical-align: top;">&#160;</td>
          <td style="width: 77.52%; vertical-align: top;">
            <div style="font-size: 12pt;">Tel: (808) 531-8400</div>
          </td>
        </tr>
        <tr>
          <td style="width: 22.48%; vertical-align: top;">&#160;</td>
          <td style="width: 77.52%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top; border-bottom: #000000 1px solid;" colspan="2">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">BARNWELL INDUSTRIES, INC. REPORTS RESULTS</div>
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">FOR THE THIRD QUARTER AND NINE MONTHS ENDED JUNE 30, 2020</div>
            <div>&#160;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-size: 12pt;">HONOLULU, HAWAII, August 11, 2020 -- 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.</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Mr. Alexander Kinzler, Chief Executive Officer of Barnwell, commented, &#8220;The $2,091,000 increase in the loss for the three months ended
      June 30,&#160;2020 as compared to last year&#8217;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<font style="color: #000000;"> the lower oil prices in 2020 compared to 2019, which was partially offset by</font> an increase in operating results at our contract drilling segment of $608,000.&#160; 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.</div>
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">&#8220;The $2,706,000 decrease in the loss for the nine months ended June 30, 2020 as compared to last year&#8217;s loss for the nine months ended
      June 30, 2019 was due to a $2,600,000 increase in Barnwell&#8217;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&#8217;s leasehold interest in a
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      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&#8217;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.</div>
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    <div style="text-align: justify; text-indent: 35.25pt; margin-right: 0.5pt; margin-left: 0.75pt; margin-bottom: 13.85pt; font-size: 12pt;">&#8220;We are pleased to report that in early August 2020, Kaupulehu
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    <div style="text-align: justify; text-indent: 36pt;">The information contained in this press release contains &#8220;forward-looking statements,&#8221; 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.&#160; A forward-looking statement is one which is based on current expectations of future events or
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      cause actual results to differ materially from those contained in such statements.&#160; The risks, uncertainties and other factors that might cause actual results to differ materially from Barnwell&#8217;s expectations are set forth in the &#8220;Forward-Looking
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      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.</div>
    <div><br>
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            <div style="text-align: center; font-size: 12pt;">COMPARATIVE OPERATING RESULTS</div>
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            <div style="text-align: center; font-size: 12pt; font-weight: bold;">(Unaudited)</div>
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          <td style="width: 27.78%; vertical-align: top;">&#160;</td>
          <td style="width: 3.65%; vertical-align: top;">&#160;</td>
          <td style="width: 14.41%; vertical-align: top;">&#160;</td>
          <td style="width: 2.78%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 16.3%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 2.28%; vertical-align: top;">&#160;</td>
          <td style="width: 15.45%; vertical-align: top;">&#160;</td>
          <td style="width: 2.78%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 14.58%; vertical-align: top;">&#160;</td>
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          <td style="width: 27.78%; vertical-align: top;">&#160;</td>
          <td style="width: 3.65%; vertical-align: top;">&#160;</td>
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          <td style="width: 3.65%; vertical-align: top;">&#160;</td>
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          <td style="width: 15.45%; vertical-align: top; border-bottom: #000000 1px solid;">
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          <td style="width: 2.6%; vertical-align: top;">&#160;</td>
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          <td style="width: 27.78%; vertical-align: top;">&#160;</td>
          <td style="width: 3.65%; vertical-align: top;">&#160;</td>
          <td style="width: 15.62%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 2.6%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 15.26%; vertical-align: top;">&#160;</td>
          <td style="width: 2.28%; vertical-align: top;">&#160;</td>
          <td style="width: 15.45%; vertical-align: top;">&#160;</td>
          <td style="width: 2.6%; vertical-align: top;">&#160;</td>
          <td style="width: 14.76%; vertical-align: top;" colspan="2">&#160;</td>
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          <td style="width: 3.65%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 27.78%; vertical-align: top;">&#160;</td>
          <td style="width: 3.65%; vertical-align: top;">&#160;</td>
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          <td style="width: 2.6%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 15.26%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 2.28%; vertical-align: top;">&#160;</td>
          <td style="width: 15.45%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 2.6%; vertical-align: top;">&#160;</td>
          <td style="width: 14.76%; vertical-align: top; text-align: center;" colspan="2">&#160;</td>
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            <div style="font-size: 12pt;">&#160;&#160;Net loss attributable to Barnwell Industries, Inc.</div>
          </td>
          <td style="width: 3.65%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">$&#160; (3,456,000)</div>
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            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">$(1,365,000)</div>
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            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">$(8,090,000)</div>
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          <td style="width: 27.78%; vertical-align: top;">&#160;</td>
          <td style="width: 3.65%; vertical-align: top;">&#160;</td>
          <td style="width: 15.62%; vertical-align: top; text-align: center;" colspan="2">&#160;</td>
          <td style="width: 2.6%; vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 15.26%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 2.28%; vertical-align: top;">&#160;</td>
          <td style="width: 15.45%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 2.6%; vertical-align: top;">&#160;</td>
          <td style="width: 14.76%; vertical-align: top; text-align: center;" colspan="2">&#160;</td>
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          <td style="width: 2.28%; vertical-align: top;">&#160;</td>
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          <td style="width: 2.6%; vertical-align: top;">&#160;</td>
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          <td style="width: 2.6%; vertical-align: top;">&#160;</td>
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          <td style="width: 15.26%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 2.28%; vertical-align: top;">&#160;</td>
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          <td style="width: 2.6%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; text-indent: 8.8pt; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">8,277,160</div>
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          <td style="width: 3.65%; vertical-align: top;">&#160;</td>
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          <td style="width: 15.26%; vertical-align: top;">&#160;</td>
          <td style="width: 2.28%; vertical-align: top;">&#160;</td>
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          <td style="width: 2.6%; vertical-align: top;">&#160;</td>
          <td style="width: 14.76%; vertical-align: top;" colspan="2">&#160;</td>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
