Bering Updates Ops at Victoria County Well
Bering has perforated into the Yegua zone on the Chicas Locas #1 well in the Roxanne field. The Roxanne field is approximately 600 acres located in Victoria County, Texas and has multiple drilling locations that will target the Yegua and Frio formations at various depths. This field is estimated to have over $8 million in potential gross reserves based upon the current price of oil and gas and assuming all wells are drilled and successful. Bering will retain a 50% working interest in this prospect.