PT Energi Solusi a subsidiary of Basic Energy Corporation (PSE: BSC) reported that as of October 1, 2014, the fifth well (BES-5) has reached its total depth of 405 meters and wire logging of the well is now being readied. On the other hand, its sixth (BES-6) well has completed wire logging and preparation are ongoing for production testing.
In a disclosure to the Philippine Stock Exchange Thursday, 2 October 2014, BSC said the third well (BES-3) drilling operations are ongoing and has reached a depth of 393 meters.
Source: http://www.fabian.ph/2014/10/basic-energy-corporations-pt-energi-solusi-prepares-for-production-testing-in-bes-6/
LISTED Basic Energy Corp. is set to begin processing the necessary permits for its proposed solar power project in Bolinao, Pangasinan, after securing a certificate from the government. In a regulatory filing on Thursday, Basic Energy said the Department of Energy (DoE) granted the company a certificate of authority (CoA) for its proposed solar energy…
read moreBasic Energy Corporation announced that the Department of Energy (DOE) has granted the company a Certificate of Authority (COA) for its proposed Solar Energy Operating Contract (SEOC) application for the Bolinao, Pangasinan Solar Power Project. The COA, issued under the revised Omnibus Guidelines Governing the Award and Administration of Renewable Energy (RE) Contracts effective June…
read more
