SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jun 28, 2017

2. SEC Identification Number

36359

3. BIR Tax Identification No.

000-438-702-000

4. Exact name of issuer as specified in its charter

BASIC ENERGY CORPORATION

5. Province, country or other jurisdiction of incorporation

Metro Manila

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

7/F Basic Petroleum Bldg., 104 Carlos Palanca St., Legaspi Village, Makati City Postal Code 1229

8. Issuer's telephone number, including area code

(+632) 817-8596

9. Former name or former address, if changed since last report

not applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	2,603,638,312

11. Indicate the item numbers reported herein

Item No. 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Basic Energy CorporationBSC

PSE Disclosure Form 4-25 - Results of Organizational Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Results of Organizational Meeting
Background/Description of the Disclosure
Results of Organizational Meeting held after the Stockholders' Meeting on June 28, 2017 held at Manila Golf and Country Club, Harvard Road, Forbes Park, Makati City.

List of elected officers for the ensuing year with their corresponding shareholdings in the Issuer

Name of Person	Position/Designation	Shareholdings in the Listed Company		Nature of Indirect Ownership
		Direct	Indirect
OSCAR L. DE VENECIA, JR.	President & CEO	516,334	10,000,000	Stock Options
ANTHONY L. CUAYCONG	Senior Vice President/General Manager	0	0	n/a
CORAZON M. BEJASA	Corporate Secretary/Vice-President-Legal	0	100,000	Stock Options
MARIETTA V. VILLAFUERTE	Treasurer/Vice-President-Finance	0	100,000	Stock Options
ALBERTO P. MORILLO	Vice-President-Operations	303,185	100,000	Stock Options
ANGEL P. GAHOL	Asst. Vice-President/Compliance Officer	1,476	0	n/a
DARIUS A. MARASIGAN	Business Development & Risk Mgt Officer	0	0	n/a
PETER JAMES D. LEANO V	Drilling and Logistics Manager	0	0	n/a
MARGARET L. HONRADO	Technical Manager-Operations	0	0	n/a

List of Committees and Membership

Name of Committees	Members	Position/Designation in Committee
AUDIT AND RISK MGT COMMITTEE	OSCAR S. REYES (Independent Director)	Chairman
AUDIT AND RISK MGT COMMITTEE	EDUARDO V. MANALAC (Independent Director)	Vice-Chairman
AUDIT AND RISK MGT COMMITTTEE	SUPASIT POKINJARURAS	Member
AUDIT AND RISK MGT COMMITTEE	JAIME J. MARTIREZ	Member
AUDIT AND RISK MGT COMMITTEE	HARVEY LAWRENCE N. DYCHIAO (Independent Director)	Member
NOMINATING COMMITTEE	OSCAR C. DE VENECIA	Chairman
NOMINATING COMMITTEE	FRANCIS C. CHUA	Member
NOMINATING COMMITTEE	OSCAR L. DE VENECIA, JR.	Member
NOMINATING COMMITTEE	RAMON L. MAPA	Member
NOMINATING COMMITTEE	HARVEY L.N. DYCHIAO (Independent Director)	Member
FINANCE AND INVESTMENT COMMITTEE	JAIME J. MARTIREZ	Chairman
FINANCE AND INVESTMENT COMMITTEE	RAMON L. MAPA	Vice-Chairman
FINANCE AND INVESTMENT COMMITTTEE	OSCAR L. DE VENECIA, JR.	Member
FINANCE AND INVESTMENT COMMITTEE	MA. FLORINA M. CHAN	Member
FINANCE AND INVESTMENT COMMITTEE	SUPASIT POKINJARURAS	Member
FINANCE AND INVESTMENT COMMITTEE	ISIDORO O. TAN	Member
FINANCE AND INVESTMENT COMMITTEE	EDUARDO V. MANALAC (Independent Director)	Member
CORPORATE GOVERNANCE COMMITTEE	HARVEY LAWRENCE N. DYCHIAO (Independent Director)	Chairman
CORPORATE GOVERNANCE COMMITTEE	EDUARDO V. MANALAC (Independent Director)	Vice-Chairman
CORPORATE GOVERNANCE COMMITTEE	OSCAR S. REYES (Independent Director)	Member
CORPORATE GOVERNANCE COMMITTEE	MA. FLORINA M. CHAN	Member
CORPORATE GOVERNANCE COMMITTEE	JAIME J. MARTIREZ	Member
CORPORATE GOVERNANCE COMMITTEE	FRANCIS C. CHUA	Member
CORPORAT GOVERNANCE COMMITTEE	SUPASIT POKINJARURAS	Member

List of other material resolutions, transactions and corporate actions approved by the Board of Directors
The Board likewise approved, confirmed and ratified the nominations of the Chairman and Members of the Board of Directors of its subsidiaries as per attached. The Board approved the creation of the position of the Chief Financial Officer and authorizes Management to look for a qualified person for the position.
Other Relevant Information
See attached Results of Organizational Meeting held after the Annual Stockholders'Meeting held on June 28, 2017 at Manila Golf and Country Club, Harvard Road, Forbes Park, Makati City.