Initial Statement of Beneficial Ownership
December 21, 2022

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Basic Energy approves Lidar request

BASIC Energy Corp. (BEC) has approved Mabini Energy Corp.’s (MEC) for additional funding to purchase and install a light detection and ranging (Lidar) system in its service contract area. Lidar is a remote sensing method that uses a pulsed laser to measure variable distances. MEC, through its management team, presented the request for P10.818 million…

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Basic Energy reorganizes top management

  MANILA, Philippines — Basic Energy is undertaking a reorganization of its top executives to propel its push toward attaining the company’s growth targets. Basic Energy said its board has appointed president and CEO Oscar de Venecia Jr. as one of the vice chairmen of the board. De Venecia will then turn over his position…

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