Monday, July 28, 2014         

 Print   Email   Comment | View 2 Comments   Most Popular   Save   Post   Retweet

Hawaii company sells Canadian properties

By Erika Engle

LAST UPDATED: 07:34 a.m. HST, May 06, 2014

Oil-and-gas properties in Canada have been sold by Honolulu-based Barnwell Industries Inc. for roughly $13 million, the company announced this morning.

The most recent sale, netting roughly $6 million, was conducted by the company's Barnwell of Canada Ltd. subsidiary and is the latest of multiple transactions.

The publicly traded oil and gas exploration and land investment company also announced the recent finalization of other oil and gas properties in various Canadian provinces for more than $7 million. 

 "These transactions reflect strategic sales by the company of what were primarily mature, non-operated oil and gas properties, said Chairman and CEO Morton H. Kinzler, in a statement. "The company plans to utilize these funds to invest in oil and gas acquisition and drilling opportunities, reduce debt and other corporate opportunities going forward."

 Print   Email   Comment | View 2 Comments   Most Popular   Save   Post   Retweet

You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
awahana wrote:
More background please. Never heard of them.
on May 6,2014 | 09:09AM
HealthyandHappy wrote:
Click on any of the above 10 links to learn more about them.
on May 6,2014 | 10:44AM
Breaking News
Political Radar
`My side’

Political Radar
‘He reminds me of me’

Bionic Reporter
Needing a new knee

Warrior Beat
Monday musings

Small Talk
Burning money

Political Radar
On policy

Warrior Beat
Apple fallout