Bering Exploration Announces its South Texas Prospect Has Been Logged and it Indicates Multiple Productive Zones

HOUSTON, Nov. 15, 2010 /PRNewswire/ -- Bering Exploration, Inc., (Pink Sheets: OCOL) announced today that its South Texas prospect has been successfully logged.  An initial analysis of the log indicated multiple productive zones. The initial well was drilled to a depth of approximately 10,000 feet to test the Oligocene Frio trend.  This prospect has potential gross reserves of 5,000,000 barrels of oil and 46BCF of natural gas.  Bering's interest is a 5% working interest after pay out in this prospect.

Based upon the estimates by the originating geologist, it is expected that this prospect could have potential reserves of 5,000,000 barrels of oil and 46 BCF of gas, which equates to a total of $619,000,000 in future gross revenue at today's prices of $87.00 per barrel of oil and $4.00 per Mcf of gas.  There is no guarantee that this prospect will be successful or that these numbers will be achieved due to production and/or price fluctuations.  Bering's net revenue interest would equate to approximately 4% of the gross revenue and production figures discussed in this release, or approximately $24.7M.

"We are extremely happy that the log has indicated various zones could be productive," stated Steven Plumb, VP of Finance of Bering.  "This is a major step forward for us in realizing the huge potential that this prospect could provide and increasing the value of our company."

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.

Safe Harbor Statement

This press release contains statements that may constitute forward-looking statements and are based upon assumptions that management believes to be reasonable.  A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of exploration efforts and the timeliness of development activities, leasing of the target acreage, fluctuations in oil and gas prices, access to acquisition and development capital, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. For additional information about Bering's future business and financial results, refer to Bering's Quarterly Reports on Form 10-QSB and Annual Report on Form 10-KSB and other reports, which are on file with the Securities and Exchange Commission. Bering undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.

SOURCE Bering Exploration, Inc.

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