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 (PT BES), a subsidiary of Basic Energy Corporation (PSE: BSC) reported that as of December 4, 2014, Well BES-02 has completed Wire logging. Production casings are presently being installed. Afterwhich, production testing will be conducted. Well BES-06 is in the first phase production testing. Well BES-03 has completed production testing. Data…read more
Basic Energy Corp. is aggressively pursuing renewable energy projects following the approval of the Securities and Exchange Commission of the amended articles of incorporation of subsidiary Basic Ecomarket Farms Inc. The corporate regulator approved the amendment that changed the name of Basic Ecomarket to Basic Renewables. It also approved the change in the company’s primary…read more