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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RZAUkffQVl5HyoLpXM03do610/sau/cQJjdxlT9d3L+Q7B81/IdJjySDWUJS/8dk
 ANggedc6lwf/hvXQolxlbg==

<SEC-DOCUMENT>0000929638-08-000243.txt : 20080414
<SEC-HEADER>0000929638-08-000243.hdr.sgml : 20080414
<ACCEPTANCE-DATETIME>20080414114656
ACCESSION NUMBER:		0000929638-08-000243
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041203
FILED AS OF DATE:		20080414
DATE AS OF CHANGE:		20080414

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARNWELL INDUSTRIES INC
		CENTRAL INDEX KEY:			0000010048
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				720496921
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		1100 ALAKEA ST.
		STREET 2:		SUITE 2900
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96813
		BUSINESS PHONE:		808-531-8400

	MAIL ADDRESS:	
		STREET 1:		1100 ALAKEA ST.
		STREET 2:		SUITE 2900
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96813

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BMA CORP/TN
		DATE OF NAME CHANGE:	19770324

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BARNWELL OFFSHORE INC
		DATE OF NAME CHANGE:	19671101

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KINZLER ALEXANDER C
		CENTRAL INDEX KEY:			0001276245

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05103
		FILM NUMBER:		08753896

	BUSINESS ADDRESS:	
		STREET 1:		1100 ALAKEA STREET
		STREET 2:		SUITE 2900
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96813
		BUSINESS PHONE:		8085317181

	MAIL ADDRESS:	
		STREET 1:		1100 ALAKEA STREET
		STREET 2:		SUITE 2900
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96813
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4akinzler14apr08_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-12-03</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000010048</issuerCik>
        <issuerName>BARNWELL INDUSTRIES INC</issuerName>
        <issuerTradingSymbol>BRN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001276245</rptOwnerCik>
            <rptOwnerName>KINZLER ALEXANDER C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1100 ALAKEA STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 2900</rptOwnerStreet2>
            <rptOwnerCity>HONOLULU</rptOwnerCity>
            <rptOwnerState>HI</rptOwnerState>
            <rptOwnerZipCode>96813</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President and COO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Options/SARs</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>8.80</value>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-12-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>150000</value>
                    <footnoteId id="F3"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <value>2014-12-03</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>150000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>120000</value>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Options</value>
                <footnoteId id="F7"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>9.48</value>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-12-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>150000</value>
                    <footnoteId id="F3"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F8"/>
            </exerciseDate>
            <expirationDate>
                <value>2009-12-03</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>150000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>130000</value>
                    <footnoteId id="F6"/>
                    <footnoteId id="F9"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Options/SARs</value>
                <footnoteId id="F10"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>12.92</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2007-12-12</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>100000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F11"/>
            </exerciseDate>
            <expirationDate>
                <value>2017-12-12</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>100000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>100000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On December 3, 2004, the reporting person was granted non-qualified stock options to purchase 150,000 shares of common stock
 of the issuer in tandem with stock appreciation rights (the &quot;2004 Non-Qualified Award&quot;).  The 2004 Non-Qualified Award was
 granted pursuant to an individual agreement with the issuer and not pursuant to any employee stock plan.  The issuer's
 stockholders approved the grant of the 2004 Non-Qualified Award on March 3, 2008.</footnote>
        <footnote id="F2">This exercise price takes into account subsequent stock splits.</footnote>
        <footnote id="F3">The number of derivative securities takes into account subsequent stock splits.</footnote>
        <footnote id="F4">Exercise of the 2004 Non-Qualified Award is subject to vesting over five years from the date of the grant, with 20% becoming
 exercisable on each anniversary of the date of the grant.</footnote>
        <footnote id="F5">On January 3, 2006, the reporting person exercised a portion of the 2004 Non-Qualified Award for 30,000 shares of the
 issuer's common stock, which such transaction was previously reported on Form 4.  As a result of this transaction, the
 reporting person currently holds 2004 Non-Qualified Awards for 120,000 shares of common stock of the issuer.</footnote>
        <footnote id="F6">On December 3, 2004, immediately following the transactions described in notes (1) and (7) herein, the reporting person
 beneficially owned derivative securities for 307,000 shares of common stock of the issuer, including 7,000 derivative
 securities not reported herein, but previously reported on Form 4.</footnote>
        <footnote id="F7">On December 3, 2004, the reporting person was granted qualified stock options to purchase 150,000 shares of common stock of
 the issuer (the &quot;2004 Qualified Options&quot;).  The 2004 Qualified Options were granted pursuant to the issuer's 1998 Stock
 Option Plan.  The issuer's stockholders approved the 1998 Stock Option Plan on March 8, 1999.</footnote>
        <footnote id="F8">Exercise of the 2004 Qualified Options is subject to vesting over four years from the date of the grant, with 25% of each
 stock option becoming exercisable on each anniversary of the date of the grant.</footnote>
        <footnote id="F9">On May 22, 2007, the reporting person exercised a portion of the 2004 Qualified Options for 10,000 shares of the issuer's
 common stock, which such transaction was previously reported on Form 4.  On August 29, 2007, the reporting person exercised
 a portion of the 2004 Qualified Options for 10,000 shares of the issuer's common stock, which such transaction was
 previously reported on Form 4.  As a result of these two transactions, the reporting person currently holds 2004 Qualified
 Options for 130,000 shares of common stock of the issuer.</footnote>
        <footnote id="F10">On December 12, 2007, the reporting person was granted non-qualified stock options to purchase 100,000 shares of common stock
 of the issuer in tandem with stock appreciation rights pursuant to the issuer's 2008 Equity Incentive Plan (the &quot;2007
 Award&quot;), which was subject to stockholder approval.  The 2008 Equity Incentive Plan and the 2007 Award received stockholder
 approval on March 3, 2008.</footnote>
        <footnote id="F11">Exercise of the 2007 Award is subject to vesting over four years from the date of the grant, with 25% becoming exercisable on
 each anniversary of the date of the grant.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Alexander C. Kinzler</signatureName>
        <signatureDate>2008-04-14</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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