On April 1, 2024, Kinzler also will become Executive Chairman of the Company's Board of Directors. Kinzler currently owns 939,500 shares of Barnwell's common stock, representing approximately 9.2% of the Company's outstanding shares. Relatives of Kinzler's own approximately 4% of the Company's outstanding shares.
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8-K - BARNWELL INDUSTRIES INC (0000010048) (Filer)
10-Q - BARNWELL INDUSTRIES INC (0000010048) (Filer)
8-K - BARNWELL INDUSTRIES INC (0000010048) (Filer)
Twining Drilling Program is Underway While Optimization InvestmentsMaintain Production and Reduce Operating Costs HONOLULU, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported financial results for its third fiscal quarter ended June 30, 2024. For the quarter, the Company had revenue of $5,527,000 and a net loss of $1,246,000 or $0.12 per share. In the three months ended June 30, 2023, the Company reported quarterly revenue of $5,675,000 and a net loss of $717,000 or $0.07 per share. The Company remains debt free and ended the quarter with $3,292,000 in working capital, including $4,393,000 in cash and cash equivalents. Continuing Optimization Program is
Production Increases for All Products Continued Reduction in General and Administrative Expenses HONOLULU, May 14, 2024 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported financial results for its second fiscal quarter ended March 31, 2024. For the quarter, the Company had revenue of $5,774,000 and a net loss of $1,772,000, $0.18 per share. In the three months ended March 31, 2023, the Company reported quarterly revenue of $5,239,000 and a net loss of $1,237,000, $0.12 per share. Mr. Craig D. Hopkins, Chief Executive Officer of Barnwell, commented "On April 1, 2024, I started in my new role as President and CEO of the Company. I am excited about Barnwell's prospects
CEO Alexander Kinzler to Transition CEO Leadership to Barnwell of Canada President and COO Craig Hopkins Transition Aligned with Company's New Focused Business Strategy HONOLULU, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) ("Barnwell" or the "Company") is pleased to announce the CEO and President positions will transition from Alexander Kinzler to Craig Hopkins effective April 1, 2024. Mr. Kinzler has served as CEO of Barnwell since December 2016, having previously served in various senior leadership positions at the Company since December 1997, and having worked at the Company since 1984. Mr. Hopkins joined Barnwell affiliate Octavian Oil Ltd.
CEO Alexander Kinzler to Transition CEO Leadership to Barnwell of Canada President and COO Craig Hopkins Transition Aligned with Company's New Focused Business Strategy HONOLULU, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) ("Barnwell" or the "Company") is pleased to announce the CEO and President positions will transition from Alexander Kinzler to Craig Hopkins effective April 1, 2024. Mr. Kinzler has served as CEO of Barnwell since December 2016, having previously served in various senior leadership positions at the Company since December 1997, and having worked at the Company since 1984. Mr. Hopkins joined Barnwell affiliate Octavian Oil Ltd.
HONOLULU, March 10, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported that Mr. Francis J. Kelly has been appointed to the Board of Directors, effective March 10, 2022. Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, "We are pleased to announce that on March 10, 2022, the board of directors of Barnwell Industries, Inc. appointed Mr. Francis J. Kelly to serve as a director on the board, effective immediately. The board has determined that Mr. Kelly is independent for the purposes of Section 803A of the NYSE American Company Guide. "Mr. Kelly's background in investment banking and the investment community gives him significant insight int
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. Mr. Alexander C. Kinzler, Chief Executive Officer and President, commented, “In response to the receipt of notice, the Barnwell Board has created a special committee comprised of Peter J. O’Malley, chairman, Kenneth S. Grossman and Robert J. Inglima, Jr., each o
4 - BARNWELL INDUSTRIES INC (0000010048) (Issuer)
4 - BARNWELL INDUSTRIES INC (0000010048) (Issuer)
4 - BARNWELL INDUSTRIES INC (0000010048) (Issuer)
Divestiture of Hawaii Contract Drilling Operations to StreamlineOperations and Reduce Corporate Overhead Oil and Gas Drilling Program Planned HONOLULU, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) ("Barnwell" or the "Company") today announced its financial results for the fourth quarter and year ended September 30, 2023. The Company reported consolidated revenue of $6.8 million and a net loss of $96,000 which equates to a loss of $0.01 per share for the fourth quarter, and $25.3 million in full year consolidated revenue, with a net loss of $961,000 for the full year, or a loss of $0.10 per share. Alexander Kinzler, Chief Execut
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: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. Kinzler, Chief Executive Officer of Barnwell, commented, "Our loss for the quarter was a result of a decline in prices of all products; oil, natural gas, and natural gas liquids whic
HONOLULU, May 15, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported net losses of $1,237,000, $0.12 per share, and $148,000, $0.01 per share, for the three and six months ended March 31, 2023, respectively, as compared to net earnings of $2,052,000, $0.21 per share, and $3,125,000, $0.33 per share, for the three and six months ended March 31, 2022, respectively. Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, "Our loss for the quarter was a result of a decline in prices of all products; oil, natural gas, and natural gas liquids which decreased 26%, 34%, and 43%, respectively, together with a decline in land investment results where our
4 - BARNWELL INDUSTRIES INC (0000010048) (Issuer)
4 - BARNWELL INDUSTRIES INC (0000010048) (Issuer)
4 - BARNWELL INDUSTRIES INC (0000010048) (Issuer)
The Dow Jones index closed lower by over 200 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Marygold Companies The Trade: The Marygold Companies, Inc. (NYSE:MGLD) 10% owner Nicholas & Melinda Gerber Living Trust bought a total of 80,000 shares at an average price of $1.35. To acquire these shares, it cost around $107,760. What's Happ
The Dow Jones index closed higher by around 170 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Socket Mobile The Trade: Socket Mobile, Inc. (NASDAQ:SCKT) Director Charlie Bass bought a total of 10,000 shares at an average price of $1.24. To acquire these shares, it cost around $12,357. What's Happening: On May 1, Socket Mobile posted
The Dow Jones index closed higher by around 150 points on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Barnwell Industries The Trade: Barnwell Industries, Inc. (NYSE:BRN) 10% owner Ned L. Sherwood Revocable Trust bought a total of 38,324 shares at an average price of $2.76. To acquire these shares, it cost around $105,773. What's Happening: On
SC 13D/A - BARNWELL INDUSTRIES INC (0000010048) (Subject)
SC 13D/A - BARNWELL INDUSTRIES INC (0000010048) (Subject)
SC 13D/A - BARNWELL INDUSTRIES INC (0000010048) (Subject)