Basic Energy Corporation, together with its subsidiaries, engages in the exploration, development, and exploitation of oil and gas properties in the Philippines. The company owns various parcels of land located in Bolinao, Pangasinan, containing an aggregate area of 415,895.80 square meters. The property is located approximately 4.3 kilometers southwest from the Bolinao-Bani Provincial Road. The company owns a major interest in a real estate located at Barangay Bolasi, San Fabian, Pangasinan with an aggregate area of 178,634 square meters. The company and its subsidiaries also own a property located at Tanay, Rizal with an area of 35,000 square meters, near the town proper with roads and is suitable for residential housing development or for an agricultural farm project. Subsidiaries Basic Ecomarket Farms, Inc.: The company operates as a project manager for the cassava project. It has two nurseries covering a total of 30 hectares and managed farms initially covering 100 hectares, both located in Gutalac, Zamboanga del Norte and Binaloy, Zamboanga City. Southwest Resources, Inc. (SWR): The company owns 72.58% of Southwest Resources, Inc., which engages in the exploration and development activities. SWR is a party together with other oil exploration companies, through the Department of Energy, in the exploration, development, and exploitation of the contract areas under Service Contracts 47 and 53 situated in offshore and onshore Mindoro, respectively, and Service Contract 41 (Sandakan Basin) in the Sulu sea. The company has other wholly owned subsidiaries, namely Basic Diversified Holdings, Inc., an investment holding company, iBasic, Inc. which is an Information Technology (IT) management company and service integrator, and Basic Biofuels Corporation for the development of biofuels. History Basic Energy Corporation was founded in 1968.
basic energy corp (BSC:Philippines)
Basic Petroleum Building
104 Carlos Palanca, Jr. Street
Makati City, 1229
Phone: 63 2 817 8596
Fax: 63 2 817 0191www.basicenergy.ph
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