AMEX, BRN - Barnwell Industries
Fiscal 2007 represented Barnwell?s 51st year of operations, having been
incorporated in Delaware in 1956. Barnwell has the following four principal
business segments:
? Oil and Natural Gas Segment. Barnwell engages in oil and natural gas
exploration, development, production and sales in Canada.
? Land Investment Segment. Barnwell invests in leasehold interests in
real estate in Hawaii.
? Real Estate Development Segment. Established in January 2007,
Barnwell acquires house lots for investment and to construct turnkey
single-family homes for sale.
? Contract Drilling Segment. Barnwell provides well drilling services
and water pumping system installation and repairs in Hawaii.
Barnwell?s oil and natural gas activities comprise its largest business segment.
Approximately 73% of Barnwell?s revenues for the fiscal year ended September 30,
2007 was attributable to its oil and natural gas activities. ...
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