The company said that it anticipates to receive the approval in the next thirty days.
Bering said that drilling operations have begun on its Gulf Coast prospect with potential revenue valued at $29m over the life of the prospect.
Additionally, Bering will initially drill four test wells on its Eagle Ford shale play in Central Texas targeting $11m in gross potential reserves.
The company will utilize the results to help with the design and development of a more in depth drilling program for the remaining 116 potential well locations targeting gross potential reserves of more than $300m.
