other material
confidence high
sentiment neutral
materiality 0.50
Barnwell subsidiary fixes price on 25% of nat gas production for 7 months starting Apr 2024
BARNWELL INDUSTRIES INC
- BOC amended contracts to fix sales price on ~25% of natural gas production from Apr 1 to Oct 31, 2024.
- Remaining 75% of production will continue to be sold at spot natural gas prices.
- Move aims to partially protect against declining natural gas prices during H2 of fiscal year.