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Bering Exploration Inc. (BERX)

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Last Post: 2/6/2011 7:48:11 AM - Followers: 4 - Board type: Free - Posts Today: 0

 

 

 

 

Oncolin is currently engaged in the business of indentifying, evaluating, developing and acquiring potential natural gas and oil wells while researching new methods of clean and renewable energy production. The company will initially focus on acquiring older fields where it can utilize modern techniques to re-establish or enhance production. Oncolin will continue to oversee its minority ownership in Intertech Bio, a biopharmaceutical company that engages in the discovery, development and commercialization of novel selective anticancer therapies. Additional information about Oncolin can be found on the web at www.oncolinthera.com

 

Recent New

 

OCOL changed to BERX on Dec 15th 2010

Bering Exploration Announces Its South Texas Prospect Has Tested Positive for Oil


HOUSTON, Nov. 30, 2010 /PRNewswire via COMTEX/ -- Bering Exploration, Inc., (Pink Sheets: OCOL) announced today that its South Texas prospect has tested positive for oil in its initial test phase. This well was drilled to a depth of approximately 10,000 feet to test the Oligocene Frio trend and the initial test has proven that one of the lower zones has tested positive for oil. Further testing is required to determine if this zone will be commercially viable. This prospect originally had potential gross reserves of 5,000,000 barrels of oil and 46 BCF of natural gas. Bering's interest is a 5% working interest after pay out in this prospect.

The company recently announced that it has entered into a Letter of Intent to participate in a new prospect located in the Gulf Coast area that has potential gross reserves of 120 BCF of natural gas and up to 10 million barrels of oil. Based upon recent prices this equates to a total of $1.3 billion dollars in potential gross revenue of which Bering's working interest would be 2.5% or $23 million, or $0.99 per share, over the life of the prospect. There is no guarantee that this prospect will be successful or that these numbers will be achieved due to production and/or price fluctuations.

"We believe that these initial test results confirm our strategy of seeking out low risk drilling opportunities." stated Steven Plumb, VP of Finance of Bering. "Our recent Letter of Intent in the Gulf Coast area is another example of this strategy."

About Bering Exploration, Inc.

Headquartered in Houston, Texas, Bering Exploration, Inc. is an independent oil and natural gas company that focuses on indentifying, 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.

 

BERX is Fully Reporting OTCQB

Pink Sheets Link http://www.otcmarkets.com/stock/BERX/company-info

 

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                                                                                         Share Structure

                                                                                        Authorized 500 Mill

                                                                                                                 o/s 23,882,763 as of Nov 15th 2010

 

                                         

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Breitling Energy Corp. (fka BECC)
PostSubject
#82   Weird company that's for sure. With the Low smitter 02/06/11 07:48:11 AM
#81   BERX 82 x avg vol. Just wish findit 02/04/11 03:28:49 PM
#80   The O/S is so low any pressure and smitter 01/21/11 02:41:43 PM
#79   i know. It has been so much on mdeskm 01/21/11 02:40:36 PM
#78   BERX going up almost everyday. Almost .90 smitter 01/21/11 02:33:56 PM
#77   11-15-10q http://www.sec.gov/Archives/edgar/data/1229089/000114420410060965/v smitter 01/15/11 10:11:39 AM
#76   Item 5.02 Departure of Directors or Principal Officers; smitter 01/15/11 10:08:48 AM
#75   BERX .80 close smitter 01/15/11 10:01:37 AM
#74   BERX having a Great day, and going up weekely. smitter 01/14/11 11:45:24 AM
#73   Good morning. Happy Holidays! mdeskm 12/24/10 10:51:49 AM
#72   Great day today for BERX. O/S is only smitter 12/20/10 05:07:48 PM
#71   Good Morning, PsyOpDude. smitter 12/19/10 08:16:07 AM
#70   Hey ya Smitter! What's the DD look PsyOpDude 12/18/10 09:18:54 PM
#69   Good Morning, Everyone BERX is the one smitter 12/18/10 10:00:12 AM
#68   I would Like to welcome Mdeskm as our smitter 12/17/10 11:41:39 AM
#67   Bering Exploration Announces Its South Texas Prospect Has smitter 12/17/10 11:08:52 AM
#66   I am going to get I-hub to remove smitter 12/05/10 03:52:01 PM
#65   I am going to start my DD on Bering smitter 12/05/10 03:51:32 PM
#64   Bering looking good smitter 12/05/10 03:51:15 PM
#63   Bring going to quietly fly smitter 12/05/10 03:50:59 PM
#62   Damn sold way too early here, i guess ToyotaMR2s 10/28/10 01:07:08 PM
#61   RS pps = .12. Now .31. findit 10/28/10 01:05:02 PM
#60   yes r/s in process, i for 20 ToyotaMR2s 10/15/10 09:12:32 AM
#59   has trading halted for OCOL? dodge1243 10/14/10 03:59:42 PM
#58   1:20 reverse splitski : Renee 10/13/10 04:26:36 PM
#57   oh great another POS JimBoStevens 09/27/10 12:04:53 PM
#56   CHART 9/17 SimonL 09/19/10 01:11:32 AM
#55   .007 is a good support, needs to bounce JimBoStevens 09/16/10 10:11:51 PM
#54   Is anyone here thinking that this stock is JimBoStevens 09/15/10 05:56:38 PM
#53   Lunch time move is a good sign imo. Run The Option 09/13/10 12:24:18 PM
#52   dunno..tough ta say bro DF 09/13/10 10:26:47 AM
#51   hey bro is it too late to buy? Dahmer 09/13/10 10:23:49 AM
#50   OCOL .028 going again, let's smash these .03's:) ToyotaMR2s 09/13/10 10:11:39 AM
#49   very nice SS 23m next leg to new DF 09/13/10 10:05:01 AM
#48   .>)agreed and its off!))) DF 09/13/10 09:53:25 AM
#47   DFLY!!! Should be a nice move here today! Run The Option 09/13/10 09:52:13 AM
#46   Agreed bro/.03's up!!! ToyotaMR2s 09/13/10 09:52:00 AM
#45   lets roll!))027!very thin wow! DF 09/13/10 09:51:04 AM
#44   Morning DFLY:) .026 atm! ToyotaMR2s 09/13/10 09:49:53 AM
#43   yooo mornin bro!)agreed very nice news imo! DF 09/13/10 09:48:55 AM
#42   hey Joey!))nice to see ya here too added DF 09/13/10 09:48:30 AM
#41   OCOL news/nice! ToyotaMR2s 09/13/10 09:13:51 AM
#40   News out this morning for OCOL. Bering barattadog 09/13/10 07:44:18 AM
#39   donno much, but i know its a good one. agoodyear 09/03/10 04:02:40 PM
#38   this may help! jip53 09/03/10 01:08:38 PM
#37   Who here knows anything about this company? JimBoStevens 09/02/10 07:56:03 PM
#36   From DEF 14C filing issued 8/16/10 regarding Beneficial Ownership: Run The Option 08/31/10 09:29:04 AM
#35   OCOL - Reinstated 08/09/2010 Run The Option 08/31/10 09:27:18 AM
#34   Need to get some stickies going here. Run The Option 08/25/10 11:45:12 PM
#33   No mod yet? Run The Option 08/25/10 11:44:29 PM
PostSubject