September 14, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Bering Exploration, Inc., formerly Oncolin Therapeutics, Inc., (OTCBB: OCOL) said that it has acquired an interest in a South Texas oil and gas prospect that the company said has potential gross reserves of five million barrels of oil and 46 BCF of natural gas.

The company said that an initial well will be drilled to around 10,000 feet to test the Oligocene Frio trend in South Chambers County, Texas.

Bering's interest is a 5% working interest after pay out in this prospect.

Texas-based Bering Exploration 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.

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