ADDRESS: 1100 Alakea Street,
Suite 500, Honolulu, HI 96813

Oil & Natural Gas

Oil & Gas

Oil and gas activities in Canada are handled exclusively by BII’s subsidiaries Barnwell of Canada, Limited (“BOCL”) and Octavian Oil Limited (“OOL”) which are based in Calgary, Alberta, Canada. BOCL has conducted operations in Canada for over 55 years. The Company’s core Canadian asset is located at Twining, Alberta, about 70 miles northeast of Calgary and encompasses 16,000 net acres. The field is low decline, primarily oil-bearing, and currently produces approximately 1,100 barrels of oil equivalent (“BOE”) per day pre-royalty production from a mixture of vertical and horizontal wells. The Twining Pekisko oilfield is Alberta’s 9th Largest Conventional Oil Pool and has been producing since 1962, with an estimated 895 mmbbl of oil in place. The Company has recently improved its position at Twining by optimizing existing wells and facilities, acquiring new lands, and undertaking horizontal drilling. Multiple highly economic investment opportunities exist in both horizontal new-drills and capital workovers.

BII’s subsidiary BOK Drilling, LLC has a minority non-operated interest in 7 wells in Oklahoma

BII’s subsidiary Barnwell Texas, LLC has a minority non-operated interest in 2 wells in Texas