Bering Exploration has successfully drilled its first well on its South Texas prospect, which, the company reports, has potential gross reserves of 5 million barrels of oil and 46 billion cubic feet of natural gas

摘要

The initial well was drilled to a total depth of 10,000 feet to test the Oligocene Frio trend. The company expects to announce the results of the electric log, which will indicate which zones are productive, within the next few weeks. Bering has a 5% working interest after pay out in this prospect.