This prospect has multiple drilling locations and will target the Yegua and Frio formations at various depths.
According to the company, the prospect has over $9m in potential gross reserves based upon the current price of oil and gas and assuming all wells are drilled and successful.
Bering Exploration VP of finance Steven Plumb said the company expects to complete the first of these wells during the third calendar quarter of the year.
US-based Bering Exploration focuses on identifying, evaluating, developing and acquiring potential natural gas and oil wells in the Gulf Coast onshore region.
