XML 35 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
OIL AND NATURAL GAS PROPERTIES AND ASSET RETIREMENT OBLIGATION (Tables)
6 Months Ended
Mar. 31, 2018
Oil and Natural Gas Properties [Abstract]  
Pro forma information
 
Six months ended March 31, 2018
Pro forma (unaudited)
Historical
 
Pro forma
Total revenues
$
3,831,000

 
$
3,439,000

Net loss
$
(371,000
)
 
$
(2,223,000
)
Net loss attributable to Barnwell Industries, Inc. stockholders
$
(338,000
)
 
$
(2,190,000
)
Net loss per common share attributable to Barnwell Industries, Inc. stockholders
$
(0.04
)
 
$
(0.26
)

 
Six months ended March 31, 2017
Pro forma (unaudited)
Historical
 
Pro forma
Total revenues
$
7,319,000

 
$
6,794,000

Net earnings
$
1,560,000

 
$
1,450,000

Net earnings attributable to Barnwell Industries, Inc. stockholders
$
1,026,000

 
$
916,000

Net earnings per common share attributable to Barnwell Industries, Inc. stockholders
$
0.12

 
$
0.11

Schedule of change in asset retirement obligation
The following is a reconciliation of the asset retirement obligation:
 
 
 
Six months ended
 
 
 
March 31, 2018
Asset retirement obligation as of beginning of period
 
 
$
6,863,000

Liabilities associated with properties sold
 
 
(1,752,000
)
Revision of estimated obligation
 
 
47,000

Accretion expense
 
 
136,000

Payments
 
 
(538,000
)
Foreign currency translation adjustment
 
 
(121,000
)
Asset retirement obligation as of end of period
 
 
4,635,000

Less current portion
 
 
(1,223,000
)
Asset retirement obligation, long-term
 
 
$
3,412,000