Bering to Participate in La. Prospect

- Bering to Participate in La. Prospect

Monday, August 01, 2011
Bering Exploration Inc.

Bering has entered into an agreement to participate in a prospect in southeast Louisiana. The initial well in the prospect will be drilled to a depth of approximately 7,500 feet to test the prospective zones in the Wilcox formation. This prospect has the potential for multiple wells and potential gross reserves of 500,000 barrels of oil. Bering will have a 10% working interest in this prospect.

"We are happy to be participating in a new prospect that has great upside potential and is expected to be drilled in the next two months," stated Steven Plumb, VP of Finance of Bering. "This prospect meets our criteria of participating in projects which provide the company the maximum amount of value with a minimal amount of risk, and if successful, will increase our shareholder value."

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Samson O&G to Participate in Chesapeake Drilling

- Samson O&G to Participate in Chesapeake Drilling

Monday, July 04, 2011
Samson O&G Ltd.

Samson O&G has elected to participate in the drilling of the State 24-63 #10-1H well with Chesapeake Energy (operator) for its 25% working interest. The State 24-63 #10-1H well is located in Township 24N, Range 63W, Section 10 in Goshen County, WY. The well will be drilled as an 11,447' measured depth horizontal well in the Codell Sandstone (which lies directly beneath the Niobrara Formation). Upon completion of the well in the Codell sandstone, the fracture stimulation job is expected to fracture the Niobrara Formation.

Samson Oil & Gas Limited has also elected to participate in the drilling of the State 24-63 #14-1H well with Chesapeake Energy (operator) for its 12.5% working interest. The State 24-63 #14-1H well is located in Township 24N, Range 63W, Section 14 in Goshen County, WY. The well will be drilled as an 11,272’' measured depth horizontal well in the Codell sandstone. Upon completion of the well in the Codell sandstone, the fracture stimulation job is expected to fracture the Niobrara Formation.

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