The company will drill the well to a depth of about 7,500ft to test the prospective zones in the Wilcox formation.
This prospect, in which Bering will have a 10% working interest, has the potential for multiple wells and potential gross reserves of 500,000 barrels of oil.
US-based Bering Exploration focuses on identifying developing and acquiring potential natural gas and oil wells in the Gulf Coast onshore region.
