DALLAS, Jan. 22, 2014 /PRNewswire/ -- Bering Exploration, Inc. (OTC:BERX) (the "Company") announced that the Company changed its name to Breitling Energy Corporation. In connection with the name change, the Company also requested and received an updated stock trading ticker symbol (OTC:BECC) with respect to the Company's shares of common stock.
The name change and updated stock trading ticker symbol mark the successful completion of the transaction described in the asset purchase agreement between Bering Exploration, Inc. and Breitling Oil & Gas Corporation, as announced on December 9, 2013, taking the independent oil and gas company public a decade after its formation.
"This is an exciting day for Breitling, taking the company we founded in 2004 public and offering shares on the OTC market," said Chris Faulkner, Chief Executive Officer and President of Breitling Energy Corporation. "After a decade of successful growth, we're proud to mark this new chapter of the Company and look forward to what the next decade holds for Breitling as we prepare to uplist to a big board."
Certain statements in this news release regarding future expectations, access to public capital markets, plans for acquisitions and dispositions, oil and gas reserves, exploration, development, production and pricing may be regarded as "forward-looking statements" within the meaning of the Securities Litigation Reform Act. They are subject to various risks, such as operating hazards, drilling risks, the inherent uncertainties in interpreting engineering data relating to underground accumulations of oil and gas, as well as other risks discussed in detail in the Company's periodic reports and other documents filed with the SEC. Actual results may vary materially.
Any number of factors could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, the volatility of oil and gas prices, the costs and results of drilling and operations, the timing of production, mechanical and other inherent risks associated with oil and gas production, weather, the availability of drilling equipment, changes in interest rates, litigation, uncertainties about reserve estimates, environmental risks and other risks and uncertainties set forth in Company's periodic reports and other documents filed with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements.
SOURCE Breitling Energy Corporation