Barnwell Industries U.S oil and gas investment.HONOLULU, Hawaii--(BUSINESS WIRE)--Nov. 4, 1996--Barnwell Industries Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :BRN BRN Brunei (ISO Country code) BRN Brown BRN Berne, Switzerland - Belp (Airport Code) BRN Board of Registered Nursing BRN Bulk Richardson Number (meteorology) ), today reported that it has entered into a participation agreement with KEP KEP Kessler-Ellis Products KEP Kurier-, Express- und Paket (German: Messenger, Express and Parcel) KEP Nepalganj, Nepal - Nepalganj (Airport Code) KEP Kaiser Electroprecision Energy Resources LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Presco Inc., to develop natural gas and oil reserves in the Central Basin in Michigan. Barnwell and its participants have acquired a 12.5% interest in the development program which encompasses about 220,000 net acres. Nine new wells or re-entries are planned initially, which will be operated by Belco Oil & Gas Corp. of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y. Morton H. Kinzler, chairman and chief executive officer of Barnwell, commented, "This is a significant investment for the company, representing a continued expansion of our oil and gas activities in the U.S. We believe this prospect will have a significant effect on the company's natural gas reserves and production within the next several years." CONTACT: Barnwell Industries Inc., Honolulu Russell Gifford or Martin L. Jokl, 808/531-8400 or Ron Como & Associates Inc., New York 212/227-3010 |
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