Bering enters talks for sale of natural gas from North Edna prospect

Source:Bering Exploration

Bering Exploration, Inc., (OTCBB: BERX) announced today that it has entered into negotiations with a first purchaser for the sale of the natural gas from the recently completed well in our N. Edna prospect.  This 348 acre prospect is located in Jefferson Parish, Louisiana and has potential gross reserves of the equivalent of 1 million barrels which, based upon today's prices, equates to a gross value of more than $93 million dollars.

"We anticipate finalizing these negotiations very quickly," stated Steven Plumb, VP of Finance of Bering, "and being able to complete our tie in with the first purchaser." 

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

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