Basic Energy Corporation (BSC) was originally incorporated as Basic Enterprises, Inc. on September 19, 1968 and became an oil and gas exploration and development company on April 26, 1971, assuming a new name, Basic Petroleum and Minerals, Inc. Over the years, BSC evolved from an operating company to a holding company under the corporate name, Basic Consolidated, Inc. In 2007, in line with the inclusion among its primary purposes the production of ethanol and other biofuels, and the development of other alternative and renewable energy sources, the Company changed its corporate name from Basic Petroleum Corporation to Basic Energy Corporation.
PT Basic Energi Solusi, the foreign company in Indonesia of Grandway Group Limited, a joint venture company of Basic Energy Corporation (PSE: BSC) and Petrosolve Sdn Bdn of Malaysia, has informed Basic Energy Corporation that on September 22, 2014, it has completed the wire line logging and analysis of its fourth well (BES-4). It has…read more
Basic Energy Corp. announced on Thursday its joint venture subsidiary has completed drilling its fourth oil well in Indonesia. In a statement, Basic Energy said PT Basic Energi Solusi has completed the operations in its fourth oil well, while its third, fifth and sixth oil wells are still in the drilling process. “It has completed…read more