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 from the testing is presently being analyzed and will determine the optimum parameters to be used during regular production.
Incidental Production during the testing period amounted to 56, 233 liters of oil, 45,410 liters of which have already been delivered to the local cooperatives as per contract terms.
Equipment for Well BES-04 and BES-05 are now being procured for use in production testing and regular production.
Source: http://www.fabian.ph/2014/12/pt-basic-energi-solusis-well-bes-02-completes-wire-logging/
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…
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