Based upon current prices, this equates to a total of $1.3bn in potential gross revenue of which Bering’s working interest would be 2.5% or $23m over the life of the prospect.
The company also said that there is no guarantee that this prospect will be successful or that these numbers will be achieved due to production and/or price fluctuations.
Bering Exploration VP of finance Steven Plumb said that if successful, Bering’s prospects will bring a historic amount of revenue to the company.
Headquartered in Houston, Texas, Bering Exploration is an independent oil and natural gas company that focuses on indentifying, developing and acquiring potential natural gas and oil wells in the Gulf Coast onshore region.
