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Barnwell Industries, Inc. (Barnell) operates in four business segments: oil and natural gas segment, land investment segment, residential real estate segment and contract drilling segment. In the oil and natural gas segment, through the Company’s wholly owned subsidiary, Barnwell of Canada, Limited (Barnwell of Canada), Barnell is engaged in oil and natural gas exploration, development, production and sales in Canada. In the land investment segment, Barnwell invests in leasehold land and other real estate interests in Hawaii. In the residential real estate segment, Barnwell acquires house lots for investment and development of homes for sale in Hawaii. In the contract drilling segment, Barnwell provides well drilling services and water pumping system installation and repairs in Hawaii.

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