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BARNWELL INDUSTRIES INC

NYSE:BRN
US$0.930Close 7 Oct 2026 · delayed

Past year: ▼ 29%(92.0c – 1.31 USD)

Market cap
A$19.0m
Shares on issue
14.4m
In-ground value
A$4.8m
Risked multiple
0.25×
Story beats
10 since 2004
Last event
4 Aug 2026

Value BARNWELL INDUSTRIES INC yourself

Five quick questions, every figure from BARNWELL INDUSTRIES INC's own disclosures (newest estimate 23 Dec 2025).

5 of 5 targets · best case · 100% overall chanceChance-weighted valueA$4.8mPer shareUS$0.2368vs price US$0.9300.25× · −75%
1

What do you want to value?

A target is an oil or gas accumulation BARNWELL INDUSTRIES INC has published an estimate for. All of them count to start with, largest first - untick any you don't believe in.

A discovery has already been drilled and found oil or gas. A prospect has not been drilled yet, so it carries extra risk that nothing is there. Reserves are already being produced or approved.

2

How big could it be?

Companies give a low, best and high case. Pick one - the badges show how much the targets you picked hold in that case.

The low case has a 90% chance of being matched or beaten, the best case 50%, the high case only 10%. Gas is in billions of cubic feet, oil and condensate in millions of barrels.

50%chance of at least3.62bcf gas
50%chance of at least0.85mmbbl liquids
3

How likely is it?

Two chances multiply together: that the oil or gas is really there, and that it actually gets produced.

Being there only matters for an undrilled prospect - a discovery has already proved it. Getting produced needs funding, approvals, buyers and costs to line up. Reserves carry neither.

Chance it's theren/a

Your targets are already discovered, so this chance doesn't apply. Pick a prospect to use it.

Chance it gets producedn/a

Only reserves are picked, so nothing here is risked.

4

What is it worth in the ground?

Oil or gas still underground is worth far less than at the market - someone still has to pay to drill, build and produce it.

These defaults are a common rule of thumb for in-ground value. Takeover prices and broker reports help if you want your own figure.

5

When will we know?

BARNWELL INDUSTRIES INC's own stated next steps, from its announcements.

The further away a result is, the longer your money waits - and the more chance of delays or new shares being issued to fund it.

BARNWELL INDUSTRIES INC has not stated dates for its next steps in the announcements we hold.

✓

Your result

A$4.8mif every picked target works
100%overall chance, by value
A$4.8mchance-weighted value

What each way to invest is worth

Chance-weighted value against today's price. Listed options get their own column - usually the most geared way in, and the riskiest.

BRNshares · 0.3× if it worksUS$0.930
0.25×

Your positions if you're right

What a holding would be worth at your chance-weighted US$0.2368 a share. Nothing here is saved.

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