The company holds a 100% working interest in this prospect which has potential gross reserves of 1,300,000 barrels of oil.
Bering said this prospect will target five potential zones from 9,600′ to 10,600′.
Bering VP of finance Steven Plumb said the company will now begin the initial steps to prepare the drill site.
US-based Bering Exploration focuses on identifying, evaluating, developing and acquiring potential natural gas and oil wells in the Gulf Coast onshore region.
