Barnwell Announces Update on Contract Drilling Operations
Barnwell Industries, Inc. (BRN)
NASDAQ:AMEX Investor Relations:
brninc.com
Company Research
Source: GlobeNewswire
CONTACT:Alexander C. Kinzler Chief Executive Officer and President Russell M. Gifford Executive Vice President and Chief Financial Officer Tel: (808) 531-8400 HONOLULU, April 14, 2020 (GLOBE NEWSWIRE) -- 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 additional costs to be incurred due to this are currently estimated to range from $700,000 to $800,000. The Company will recognize these additional costs in its second quarter ending March 31, 2020. Safe Harbor for Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform A
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BRN
News
- Barnwell Industries, Inc. (NYSE: BRN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Barnwell Industries, Inc. (NYSE: BRN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Barnwell Industries, Inc. (NYSE: BRN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Barnwell Industries, Inc. (NYSE: BRN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Barnwell Industries, Inc. (NYSE: BRN) was downgraded by analysts at TheStreet from a "c" rating to a "d+" rating.MarketBeat
BRN
Analyst Actions
- 3/15/24 - TheStreet
BRN
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form SC
- 4/22/24 - Form 4
- BRN's page on the SEC website