bering exploration inc (BERX) Snapshot

On April 22, 2013, Mr. Steven M. Plumb, age 53, was appointed to the Board of Directors of the Bering Exploration, Inc. and to serve as the Company's President and Chief Operating Officer. Mr. Plumb currently serves as the Company's Chief Financial Officer and Secretary. He will continue to serve in these capacities.

Bering Exploration, Inc. announced that it has completed the installation and testing of the production equipment at the LeJeune No. 1 well, in the N. Edna prospect. This will allow the company to tie into the pipeline system of the first purchaser of its production. The well is producing at 400 mcf of natural gas per day. The company owns a 78% net revenue interest in the production. This 384 acre prospect is located in Jefferson Parish, Louisiana and has potential gross reserves of the equivalent of 1 million barrels which, equates to a gross value of more than $85 million.

Bering Exploration, Inc. announced that it has completed the initial production test conducted at the conclusion of the re-completion performed on one of its wells on its North Edna prospect. The initial test report showed that the well flowed at 400 MCF per day on a #6 choke at a 2914 pressure rate with a recovery rate of 4.33 barrels per day of condensate and no water from a virgin zone in this formation. 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 $95 million dollars.