Basic Energy Corporation (BSC)

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1. Company Information
Company Name	Basic Energy Corporation (BSC)
Sector	Industrial		Incorporation Date		Sep 19, 1968
Subsector	Electricity, Energy, Power & Water		Number of employees		22 (Group Total)
Board of Directors	Chairman: Oscar C. de Venecia
Website / E-mail	http://www.basicenergy.ph / basic@basicenergy.ph
2. Stock Information
Total Assets	685,059,323	Market Capitalization		568,850,564.04
Total Liabilities	24,069,904	Outstanding Shares		2,585,684,382
Retained Earnings	28,587,951	Listed Shares		2,560,118,512
Listing Date	Oct 16, 1973	Issued Shares		2,603,684,382
Board Lot	10,000	Free Float Level (%)		87.56%
Par Value	0.25	Foreign Ownership Limit		40%
3. Major Stock Holders (common shares)
PCD Nominee Corporation (Fil.) PCD Nominee Corporation (For.) BA Securities, Inc. FAO No. 06-324				82.75% 02.74% 01.34%
4. Company Descriptions and Business Development
Notes 1.
Overview Its main business is oil and gas exploration. Business It doesn’t have a revenue generating business as of 2017. Revenues in 2016 were mostly from fair value adjustments on investment properties amounting to Php71 million, unrealized foreign exchange gains of Php16 million and interests and dividends totaling Php9 million. Oil and Gas Operations It has a 3% interest in Service Contract (SC) 53. Geothermal Energy It has some interests in geothermal energy SCs such as Mabini, Batangas Geothermal, Frontier Geothermal but they are still under pre-development stages. Solar Power Project It is now planning to venture into solar energy projects in the Philippines and abroad. Subsidiaries / Associates / Affiliates / Joint Ventures  iBasic, Inc. Basic Diversified Industrial Holdings, Inc. Southwest Resources, Inc.