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)

Aug 12, 2022

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

MAKATI CITY

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

UB 111 Paseo de Roxas Bldg., Paseo de Roxas Avenue, Legaspi Village, Makati City Postal Code 1229

8. Issuer's telephone number, including area code

(+63) 7917-8118

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 Shares	14,668,643,064

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 4-4 - Amendments to By-Laws References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Amendments in the By-Laws
Background/Description of the Disclosure
Amendments to Sections 3, 5 and 6 of Article I of the Amended By-laws of the Corporation pertaining to the participation, voting and attendance for quorum purposes of Stockholders at the annual stockholder meetings via remote communication; and Amendment to Article VIII of Amended By-laws to update the principal office address in the corporate seal of the Corporation.

Date of Approval by Board of Directors	Aug 12, 2022
Date of Approval by Stockholders	TBA
Other Relevant Regulatory Agency, if applicable	not applicable
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Securities and Exchange Commission	TBA
Date of Receipt of SEC approval	TBA

Amendment(s)

Article and Section Nos.	From	To
Article 1 Section 3	No change in Section Number; 1st Paragraph Retained	Addition of 2nd Paragraph - “A stockholder who cannot physically attend any meeting of stockholders may participate in such meeting through remote communications or other alternative mode of communication. The stockholder concerned shall notify the Corporate Secretary of his intention to participate in the meeting via remote communication, within three (3) business days prior to the meeting and the Corporate Secretary shall note such fact in the minutes of the meeting.”
Article 1 Section 5	No change in Section Number; 1st Paragraph Retained	Addition of 2nd Paragraph - “In the election of directors of the Corporation, the stockholders may vote through remote communication.”
Article 1 Section 6	No change in Section Number; 1st Paragraph Retained	Addition of 2nd Paragraph - “A stockholder who participate in the meetings of the stockholders through remote communication shall be deemed present for purposes of quorum at said meetings.”
Article 8	Change in Corporate Seal Details - "BASIC ENERGY CORPORATION; SEC Reg. No. 36359; 1968; MAKATI, RIZAL, PHILIPPINES"	Updating/Amending Corporate Seal Details - "BASIC ENERGY CORPORATION; SEC Reg. No. 36359; 1968; MANDALUYONG CITY, METRO MANILA"

Rationale for the amendment(s)

Amendments proposed to Sections 3, 5 and 6 of Article 1 were done after a review of the Company's Bylaws to update its provisions with pertinent provisions of the Revised Corporation Code (RCC) particularly Sections 23 and 57 of the RCC. Amendment/Update to Article 8 (Corporate Seal) is being made in relation to the Amendment to the Company's Amendment of Article 3 of its its Articles of Incorporation which changes its principal office address from Makati to Mandaluyong City. (as per Company Disclosure C02168-2022; ongoing amendment process for confirmation of Stockholders in Annual Stockholders Meeting to be held on August 31, 2022)

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the By-Laws with the SEC	TBA
Expected date of SEC approval of the Amended By-Laws	TBA

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
proposed amendments are for the convenience, efficiency and improvement of the Stockholder Meetings of the Company in relation to attendance/participation, voting and quorum determination. No effects on operations and/or capital structure.
Other Relevant Information
none