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Bering Exploration Completes Leasehold Acquisition of the Singer Prospect with Potential Gross Reserves of 1,300,000 Barrels of Oil or $4.16 Per Share

Bering Exploration, Inc., (OTCQB: BERX) announced today that it has completed the acquisition of a 265 acre leasehold located in Singer, Louisiana that has potential gross reserves of 1,300,000 barrels of oil.  The potential gross reserves of this prospect equates to $104 million dollars or $4.16 per share. There is no guarantee that this prospect will be successful or that these numbers will be achieved due to production and/or price fluctuations. Read more…

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