**Exhibit21**

** **

List of Subsidiaries

 

The subsidiaries ofBarnwell Industries, Inc., at September 30, 2004 were:

 
| **Name of Subsidiary**                        | ** ** | **Percentage  of Ownership** | ** ** | **Jurisdiction of  Incorporation** | ** ** |
|-----------------------------------------------|------------|------------------------------|------------|------------------------------------|------------|
|                                          |       |                         |       |                               |       |
| Barnwell of  Canada, Limited                  |       | 100                          | %          | Delaware                           |       |
| Barnwell Hawaiian  Properties, Inc.           |       | 100                          | %          | Delaware                           |       |
| Water Resources  International, Inc.          |       | 100                          | %          | Delaware                           |       |
| Barnwell  Management Co., Inc.                |       | 100                          | %          | Delaware                           |       |
| Barnwell Shallow  Oil, Inc.                   |       | 100                          | %          | Delaware                           |       |
| Barnwell  Geothermal Corporation              |       | 100                          | %          | Delaware                           |       |
| Barnwell Mining  Co.                          |       | 100                          | %          | Delaware                           |       |
| Barnwell  Overseas, Inc.                      |       | 100                          | %          | Delaware                           |       |
| Geothermal  Exploration and Development Corp. |       | 100                          | %          | Delaware                           |       |
| Victoria  Properties, Inc.                    |       | 100                          | %          | Delaware                           |       |
| Barnwell  Financial Corporation               |       | 100                          | %          | Delaware                           |       |
| NDTX, Inc.                                    |       | 100                          | %          | Delaware                           |       |
| Barnwell  Investment Corporation              |       | 100                          | %          | Hawaii                             |       |
| Barnwell Kona  Corporation                    |       | 100                          | %          | Hawaii                             |       |
| WRI Properties,  Inc.                         |       | 100                          | %          | Hawaii                             |       |
| Barnwell Alakea  Properties, Inc.             |       | 100                          | %          | Hawaii                             |       |
| Barnwell Hilo  Corporation                    |       | 100                          | %          | Hawaii                             |       |
| Barnwell Israel,  Ltd.                        |       | 100                          | %          | Israel                             |       |
| Barnwell Oil  & Gas, Ltd.                 |       | 100                          | %          | Israel                             |       |
| Bill Robbins  Drilling, Ltd.                  |       | 100                          | %          | Alberta, Canada                    |       |
| Gypsy Petroleums  Ltd.                        |       | 100                          | %          | Alberta, Canada                    |       |
| Dartmouth  Petroleum, Ltd.                    |       | 100                          | %          | Alberta, Canada                    |       |
| J.H. Wilson  Associates, Ltd.                 |       | 100                          | %          | Alberta, Canada                    |       |

 

 

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