On October 27, 2022, MRMP-Managers LLC has announced that it plans to run a proxy contest for full board control at Barnwell Industries, Inc. at its 2023 annual meeting of shareholders. MRMP-Managers and its director designees stated that they have endeavored to work cooperatively with CEO Alex Kinzler and the Company's board, including through a Cooperation and Support Agreement signed in 2021 to avoid a proxy contest at the 2021 annual meeting of shareholders. However, MRMP-Managers stated that it has grown tired of the repeated violations of that agreement by Alex Kinzler and the board and the constant impediments and entrenchment actions by the Company's board that MRMP-Managers believes stand in the way of progress towards shareholder value.