Barnwell

Barnwell Industries, Inc. Reports Third Quarter and Nine Months Ended June 30, 2023 Results

Retrieved on: 
Friday, August 11, 2023
Permian, Twining, Barnwell, Federal Lands Jobs and Energy Security Act, Form 10-K, Sale, Acquisition, Natural gas, Security (finance), Annual report, NYSE, Cryptocurrency, Oil

HONOLULU, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: 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.

Key Points: 
  • Additionally, our nine-month results included a $201,000 foreign currency gain as the U.S. dollar weakened against the Canadian dollar.
  • The Company ended the third quarter with $1,581,000 in working capital, which includes $2,572,000 in cash and cash equivalents.
  • These statements include various estimates, forecasts, projections of Barnwell’s future performance, statements of Barnwell’s plans and objectives, and other similar statements.
  • Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements.

Laser Photonics Welcomes New CFO with Strong Background in Energy Sector

Retrieved on: 
Thursday, August 10, 2023
Other Energy, Oil, Gas, Other Manufacturing, Electronic Design Automation, Energy, Technology, Manufacturing, Other Technology, Vista Equity Partners, Clean technology, Siemens Energy, Baruch College, Thunderbird School of Global Management, FP, Senior, Theseus International Management Institute, Barnwell, Laser & Photonics Reviews, Registration statement, Business, Risk management, Finance, Strategic planning, Accounting, Thunderbird, Register, Business administration, Zicklin School of Business, Sarbanes, CFO, Mitsubishi Power Systems Europe, KPMG, Management

Laser Photonics Corporation (NASDAQ: LASE), a leading global developer of CleanTech laser systems for laser cleaning and other material applications, today announced that Jade Barnwell has been appointed Chief Financial Officer (CFO) of Laser Photonics.

Key Points: 
  • Laser Photonics Corporation (NASDAQ: LASE), a leading global developer of CleanTech laser systems for laser cleaning and other material applications, today announced that Jade Barnwell has been appointed Chief Financial Officer (CFO) of Laser Photonics.
  • Jade Barnwell, newly appointed CFO of Laser Photonics, commented, "I look forward to serving in such an important role for such an innovative company.
  • Prior to joining Laser Photonics, Barnwell held a number of interim financial leadership roles in support of venture capital and private equity portfolio companies, such as Crestview Partners' Digicomm and Marlin Equity Partners' Allbridge.
  • She also held several Senior Financial Analyst roles at Siemens Corporation and Siemens Energy Services, and advanced to Business Administration Manager and Sarbanes Oxley Compliance Officer at Siemens Energy, LLC.

Barnwell Industries, Inc. Reports Results for its Second Quarter and Six Months Ended March 31, 2023 and the Declaration of a Cash Dividend

Retrieved on: 
Monday, May 15, 2023
Permian, Twining, Capital expenditure, MRMP, Barnwell, Federal Lands Jobs and Energy Security Act, Form 10-K, Border Defence Cooperation Agreement, NED, Sale, Cooperation, Natural gas, Security (finance), Annual report, NYSE, Oil, Holding company

As there were no sales this quarter, the Company received no percentage of sales payments and no cash distributions in the quarter.

Key Points: 
  • As there were no sales this quarter, the Company received no percentage of sales payments and no cash distributions in the quarter.
  • Capital expenditures incurred for the drilling of these wells and Twining facilities in the six months ended March 31, 2023 totaled approximately $2,236,000.
  • Capitalized costs, including advances to the operator of those wells, totaled $5,354,000 in the six months ended March 31, 2023.
  • The expenses related to this agreement of $501,000 are reflected in the results for the three and six months ended March 31, 2023.

Barnwell Industries, Inc. Reports Earnings for its First Quarter Ended December 31, 2022 and the Declaration of a Cash Dividend

Retrieved on: 
Friday, February 10, 2023
Permian, Annual report, MRMP, Capital, NYSE, Security (finance), NED, Financial compensation, Retirement, Committee, Sale, Audit committee, Public expenditure, Twining, Form 10-K, Professional Football Compensation Committee, Federal Lands Jobs and Energy Security Act, Barnwell, Capital expenditure, Natural gas, Wells, Oil

In the three months ended December 31, 2022, Canadian capital expenditures were primarily for the completion and equipping of wells and facilities at Twining and totaled $574,000.

Key Points: 
  • In the three months ended December 31, 2022, Canadian capital expenditures were primarily for the completion and equipping of wells and facilities at Twining and totaled $574,000.
  • The expenses related to this agreement will be reflected in our results for our second quarter ending March 31, 2023.
  • Barnwell ended the quarter with $6,747,000 in working capital, including $6,736,000 in cash and cash equivalents.
  • Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements.

Barnwell Industries, Inc. Reports Year-End and Fourth Quarter Results and Entry into a Permian Basin Oil Investment

Retrieved on: 
Thursday, December 29, 2022
Permian, Bone, National Iranian Oil Company, Medicine, Form 10-K, Barnwell, Bone Spring Formation, Anadarko Basin, NTU, Natural gas, Acquisition, NYSE, Federal Lands Jobs and Energy Security Act, Annual report, Sale, Oil

Our Oklahoma operations generated $3,496,000 or 15% of our oil and natural gas segment revenues for fiscal 2022.

Key Points: 
  • Our Oklahoma operations generated $3,496,000 or 15% of our oil and natural gas segment revenues for fiscal 2022.
  • “Contract drilling operating results also decreased $133,000 due to the completion of a significant drilling contract in the prior year period.
  • The fourth well has been completed and is expected to come online later in our second quarter of fiscal 2023.
  • Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements.

Barnwell Industries, Inc. Announces the Declaration of a Cash Dividend

Retrieved on: 
Tuesday, December 20, 2022
Form 10-K, Barnwell, NYSE, Annual report, Holding company, Audit, Security (finance)

HONOLULU, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today announced its Board of Directors has declared a cash dividend of $0.015 per share of common stock.

Key Points: 
  • HONOLULU, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today announced its Board of Directors has declared a cash dividend of $0.015 per share of common stock.
  • The dividend will be paid on January 11, 2023 to the holders of record as of the close of business on December 27, 2022.
  • Although Barnwell believes that its current expectations are based on reasonable assumptions, it cannot assure that the expectations contained in such forward-looking statements will be achieved.
  • Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements.

MRMP Announces Proxy Contest for Full Board Control at Barnwell Industries, Inc.

Retrieved on: 
Thursday, October 27, 2022
Banking, Professional Services, Finance, LLC, NYSE, BOARD, AND, MRMP, Barnwell, NO, CEO, SEC, Jack Kinzler, THE, Security (finance), Management

MRMP-Managers LLC has announced that it plans to run a proxy contest for full board control at Barnwell Industries, Inc. (NYSE American: BRN) at its 2023 annual meeting of shareholders.

Key Points: 
  • MRMP-Managers LLC has announced that it plans to run a proxy contest for full board control at Barnwell Industries, Inc. (NYSE American: BRN) at its 2023 annual meeting of shareholders.
  • MRMP previously ran a successful proxy contest at Barnwell in 2020, when three of its nominees were elected to the Barnwell board.
  • At that time, MRMP and its related shareholders held approximately 15.4% of the outstanding shares of Barnwell.
  • Today, MRMP and its related shareholders hold approximately 20.1% of the outstanding shares of Barnwell.

National Résumé Writers' Association (NRWA) Announces ROAR Competition Winners

Retrieved on: 
Wednesday, October 19, 2022
ATS, NRWA, Parent, Volunteering, Workforce, ROAR, FOREST, Nation, The Gregg Reference Manual, Cornell University, Knowledge, Student, Barnwell, Friends, Marketing, Industry, Certification, Association, Success, CPRW, Creativity, Compliance, Creative industries, Auction, Management

FOREST HILL, Md., Oct. 19, 2022 /PRNewswire-PRWeb/ -- The ROAR Awards are held annually by the NRWA to recognize top-tier résumé-writing talent in the career services industry. Winners of the ROAR competition join an elite circle of résumé writers who have been recognized for their technical writing and presentation skills. One winner is selected in each of several categories by a judging panel, consisting of the following NRWA members this year: Kathi Fuller, Lorraine Beaman, Bob Janitz, Arno Markus, and Dr. Cheryl Minnick.

Key Points: 
  • The winners of the 8th annual Recognizing Outstanding Achievement in Rsums (ROAR) competition were recently announced at the National Rsum Writers' Association (NRWA) conference, Unveiling Strategies for Success, September 1820, 2022.
  • Winners of the ROAR competition join an elite circle of rsum writers who have been recognized for their technical writing and presentation skills.
  • The 2022 ROAR Award winners are:
    Anne Barnwell, winner in the Military to Civilian Transition Category.
  • Marie Plett of Toledo, Ohio, is an 11-time ROAR Award winner whose passion for rsum writing goes back to her childhood.

Barnwell Industries, Inc. Adopts Tax Benefits Preservation Plan

Retrieved on: 
Monday, October 17, 2022
Adoption, Cyprus Securities and Exchange Commission, NOLS, Employee Retirement Income Security Act of 1974, Risk, SEC, International tax planning, Natural gas, Person, NYSE, Income, Internal Revenue Code, Tax, Annual report, Securities Act of 1933, Private Securities Litigation Reform Act, Barnwell, Form 10-K, Tax-benefit model, Company, Board, Ideal gas law, Form, Securities Exchange Act of 1934, Phrase, GLOBE, Board of directors, Forward-looking statement, Nature, U.S. Securities and Exchange Commission, Life insurance, Security (finance), Rights

HONOLULU, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (Barnwell or the Company) announced today that its Board of Directors (the Board) has adopted a Tax Benefits Preservation Plan (theTax Plan) designed to protect the availability of the Companys existing net operating loss carryforwards and certain other tax attributes (collectively, the Tax Benefits).

Key Points: 
  • HONOLULU, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (Barnwell or the Company) announced today that its Board of Directors (the Board) has adopted a Tax Benefits Preservation Plan (theTax Plan) designed to protect the availability of the Companys existing net operating loss carryforwards and certain other tax attributes (collectively, the Tax Benefits).
  • The purpose of the Tax Plan is to reduce the likelihood that the Company will experience an ownership change under Section 382, which would limit the Companys future use of its Tax Benefits and, in turn, significantly impair the value of such Tax Benefits.
  • The Tax Plan is designed to preserve the Tax Benefits by reducing the risk of an ownership change under Section 382.
  • The Rights will expire under other circumstances as described in the Tax Plan, including on the date set by the Board following a determination that the Tax Plan is no longer necessary or desirable for the preservation of the Tax Benefits or no significant Tax Benefits are available to be carried forward or are otherwise available.

New Partnership between United Way Association of South Carolina and Unite Us Creates a Model for Better Care Across the State

Retrieved on: 
Tuesday, October 4, 2022
World Laughter Day, Solution, Entrepreneurship, Government, HITRUST, Barnwell, Ecosystem, Till Death Unites Us, Technology, LinkedIn, Knowledge, SC, Way, Twitter, CEO, Instagram, Housing, Pleasure, Partnership, Prescription, Quality of life, Leadership, Health equity, Education, Patient, Investment, Public policy, Organization, Finance, Gaps, Diabetes, Sawmill, Property management, Public relations, Renewable energy, United Way, Facebook, United Way, Health, Andrew Kohut

COLUMBIA, S.C., Oct. 4, 2022 /PRNewswire/ -- The United Way Association of South Carolina (UWASC) today announced a groundbreaking new partnership with Unite Us, the enterprise technology company connecting health and social care, through which United Ways across South Carolina will leverage Unite Us' technology to securely send and receive referrals, and track outcomes in a person-centered model.

Key Points: 
  • United Ways in South Carolina will join Unite South Carolina so that theyand all their member community-based organizations (CBOs)are connected by Unite Us' technology solution within one, comprehensive, closed-loop referral network.
  • This first-of-its kind partnership helps usher in an era of value-based care in South Carolina.
  • Several United Ways across the state have already joined the Unite South Carolina network.
  • About United Way Association of South Carolina:
    United Way Association of South Carolina (UWASC) works to maximize the capacity and effectiveness of local United Ways and provide leadership on issues that impact the quality of life of South Carolina residents.