Bering Exploration selects two drill sites on its Gohlke Prospect with potential gross reserves of 2,350,000 gross barrels of oil or $218,000,000
Thursday, Jan 17, 2013
HOUSTON, Jan. 16, 2013 /PRNewswire/ -- Bering Exploration, Inc., (OTCBB: BERX) announced today that its geological and engineering teams have completed their analysis of available structure maps, cross sections, well logs, production data, core data and seismic information and identified and staked two drill sites for the Company's Gohlke Prospect and completed a survey of the sites. The Gohlke Prospect, located in DeWitt County, Texas, comprises a total of 272 acres and targets five potential zones in Frio, Yagua and Upper Wilcox. The entire prospect has potential gross reserves of 2,350,000 barrels of oil which, based upon today's prices, equates to a gross value of more than $218 million dollars. Bering currently owns a 100% working interest in this prospect.
"The Gohlke Prospect is in a well defined area that we believe will add significant value to our reserves," stated Steven Plumb, VP of Finance of Bering.
About Bering Exploration, Inc.
Headquartered in Houston, Texas, Bering Exploration, Inc. is an independent oil and natural gas company that focuses on identifying, evaluating, developing and acquiring potential natural gas and oil wells in the Gulf Coast onshore region. Additional information about Bering can be found on the web at www.beringexplore.com.
SOURCE Bering Exploration, Inc.
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