 Barnwell Industries, Inc. Barnwell or the Company NYSE American: BRN today announced that its wholly-owned contract water well drilling subsidiary has determined that a water well currently being drilled in Hawaii, in which the Company experienced a bottom hole drilling assembly failure, should be abandoned and a new well drilled as efforts to remove the items from the well have been unsuccessful. The Company will recognize these additional costs in its second quarter ending March 31, 2020. This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. 