On March 19, 2026, Barnwell Industries, Inc. (NYSE American: BRN) issued a press release emphasizing the enhanced value and revenue potential of its Canadian oil production assets in response to the recent surge in global energy prices. The company reported that its operations in the Twining oil field in Alberta, Canada, are generating approximately 950 barrels of oil equivalent per day from long-life, conventional reserves in a stable jurisdiction. With the recent uptick in oil prices, Barnwell anticipates that its Canadian production base is well-positioned to yield significantly higher revenues compared to previous periods. Philip Patman, Jr., Chief Financial Officer of Barnwell Industries, stated, "We believe the current commodity price environment highlights the inherent value and resilience of our Canadian production base. Our assets offer shareholders meaningful leverage to rising oil prices, and we are focused on translating this into enhanced revenues and long-term value." Furthermore, the company confirmed that it is actively evaluating strategic alternatives regarding its Canadian oil and gas assets, including the potential sale of these assets. This strategic review process aims to solicit and evaluate indications of interest from potential counterparties, with the goal of realizing fair value for these assets in light of current market conditions. Barnwell remains committed to disciplined capital allocation and maximizing shareholder value, promising to provide updates as appropriate.

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