C00390-2017 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 2,560,118,512 |
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Subject of the Disclosure |
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Signing of Farm-In Agreement and Deed of Assignment with DESCO, Inc. |
Background/Description of the Disclosure |
Basic Energy Corporation (Basic) signed today, January 26, 2017, a Farm-In Agreement and Deed of Assignment with DESCO, Inc. to acquire from Basic, twenty-five percent (25%) undivided participating interest in the rights, interest, privileges, duties, and obligations in and under the Mariveles Geothermal Project, subject to the approval of Department of Energy (DOE). |
Other Relevant Information |
See attached SEC Form 17-C |
Name | Angel Gahol |
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Designation | AVP - Asst. Corp. Sec./ Compliance Officer |