Exhibit No. 21
List of Subsidiaries
The subsidiaries of Barnwell Industries, Inc., at September 30, 2012 were:
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| Jurisdiction of | |
Name of Subsidiary |
| Incorporation or Organization | |
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Barnwell of Canada, Limited |
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| Delaware |
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Water Resources International, Inc. |
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| Delaware |
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Barnwell Hawaiian Properties, Inc. |
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| Delaware |
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Barnwell Kona Corporation |
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| Hawaii |
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Kaupulehu Developments |
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| Hawaii |
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Cambridge Hawaii Limited Partnership |
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| Hawaii |
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Barnwell Management Co., Inc. |
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| Delaware |
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Barnwell Shallow Oil, Inc. |
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| Delaware |
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Barnwell Geothermal Corporation |
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| Delaware |
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Victoria Properties, Inc. |
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| Delaware |
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Barnwell Financial Corporation |
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| Delaware |
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Barnwell Alakea Properties, Inc. |
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| Hawaii |
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Kaupulehu Investors, LLC |
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| Hawaii |
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Mauka 3K, LLC |
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| Hawaii |
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Kaupulehu Mauka Investors, LLC |
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| Hawaii |
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Kaupulehu 2007, LLLP |
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| Hawaii |
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Barnwell Makai, Inc. |
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| Hawaii |
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Barnwell of Israel, Ltd. |
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| Israel |
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Barnwell Oil & Gas, Ltd. |
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| Israel |
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Bill Robbins Drilling, Ltd. |
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| Alberta, Canada |
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Gypsy Petroleum Ltd. |
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| Alberta, Canada |
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Dartmouth Petroleum, Ltd. |
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| Alberta, Canada |
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J.H. Wilson Associates, Ltd. |
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| Alberta, Canada |