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 also informed Basic Energy Corporation of the ongoing drilling operations on the third well (BES-3) which has reached a depth of 393 meters and the fifth well (BES-5) which has reached depth of 398 meters. Its sixth (BES-6) well has reached target depth of 450 meters and has started wire line logging.
Source: http://www.fabian.ph/2014/09/pt-basic-energi-soluis-completes-wire-line-logging-and-analysis-of-bes-4/
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
