Breitling – Bering Merger Named a 2014 Deal of the Year

Breitling Energy Corporation (OTCBB: BECC) has been named as a 2014 Deal of the Year by Acquisition International for its merger with Bering Exploration Inc. After 18 months of intense negotiations, the two companies entered into an Asset Purchase Agreement where Bering issued 461.9 million shares of stock to Breitling in exchange for all of the oil and gas working interests of the former Breitling Oil and Gas. In completion of the reverse merger, the Bering board resigned and was replaced with the Breitling board; similarly the Bering management team resigned and was replaced with the Breitling management team. The headquarters was relocated to Dallas, Texas. The new company emerged as Breitling Energy Corporation, trading under the stock symbol BECC on the over the counter bulletin board exchange.

“This saved our shareholders a substantial mount of money compared to the conventional public underwriting process. We knew of Bering and knew they no longer wanted to continue as a public company, and we wanted access to capital markets, so this deal was a natural fit,” said Chris Faulkner, Breitling Energy’s CEO and chief architect of the merger. “This would be far more difficult to orchestrate in today’s oil price environment. One of the biggest hurdles was ascribing proper valuation to our hundreds of working interests. Timing is everything because today’s prices probably wouldn’t facilitate such a deal,” Faulkner added.

The merger allowed Breitling to capitalize its assets, converting the company from exclusively non-operating interests to growth through the drill bit, increasing its PV10 valuation and to use its currency to acquire additional acreage and pursue other valuations.

“These are challenging times and I built my career on good challenges,” Faulkner said. “We have a solid plan for the future, and we are carefully adjusting and executing according to these times. I’m very optimistic for the future of Breitling Energy and proud to have been recognized for this strategic merger.”

ABOUT BREITLING ENERGY CORPORATION

Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy's oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and Northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.