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0.0423905489923558 -0.000955524669909554 0.0076441973592774 0.0076441973592774 0.0076441973592774 0.016330785267547 -0.00104239054899224 -0.00972897845726188
Stock impact report

Barnwell Industries Highlights Increased Revenue Leverage to Rising Oil Prices and Ongoing Strategic Review [Yahoo! Finance]

Barnwell Industries, Inc. (BRN) 
NASDAQ:AMEX Investor Relations: brninc.com
Company Research Source: Yahoo! Finance
the "Company") today highlighted the increased value and revenue potential of its Canadian oil production in light of recent strength in global energy prices, and provided an update on its ongoing strategic review process. Barnwell produces crude oil from its interests in the Twining oil field in Alberta, Canada, generating approximately 950 barrels of oil equivalent per day from long-life, conventional reserves in a stable and well-established jurisdiction. With recent increases in oil prices, the Company believes its Canadian production base is positioned to generate meaningfully higher revenue relative to recent prior periods. Barnwell's assets provide direct exposure to strengthening North American energy markets, with low operational disruption and consistent production performance. "We believe the current commodity price environment highlights the inherent value and resilience of our Canadian production base," said Philip Patman, Jr., Chief Financial Officer of Barnwell In Show less Read more
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