Barnwell Industries highlights Canadian oil assets value amid rising oil prices and strategic review

BARNWELL INDUSTRIES INC

Barnwell produces about 950 boe/d from Twining oil field in Alberta, Canada, with long-life conventional reserves.
Company believes rising global energy prices will generate meaningfully higher revenue from its Canadian production.
Barnwell continues active evaluation of strategic alternatives for Canadian oil and gas assets, including potential sale.
CFO Philip Patman, Jr. states the current commodity environment highlights inherent value and resilience of production base.
Company has commenced process to solicit indications of interest from potential counterparties to realize fair value.

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