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)

Sep 20, 2023

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

MANDALUYONG CITY

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

GM Building, Florida St., Barangay Wack-Wack, Greenhills East, Mandaluyong City Postal Code 1556

8. Issuer's telephone number, including area code

(+63) 7917-8118

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

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

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 4-25 - 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 the Organizational Meeting of the Board of Basic Energy Corporation held September 20, 2023
Background/Description of the Disclosure
The newly elected Board of Directors convened the organizational meeting of the Company wherein they approved, confirmed, and ratified the election/appointment of the Chairman and members of the Board and its various Board Committees, the advisory board and the Company’s officers; The vacancy caused by the recent passing of Independent Director Reynaldo D. Gamboa was acknowledged by the group. It was reported that the Company is still in the process collating a list of viable candidates which will be endorsed to the Nominating Committee to fill up the vacancy. As for the election of the officers of the Company, the Board had decided to reorganize management for proper distribution of manpower to adapt to the growing number of projects. In line with this, Mr. Luisito Poblete has been appointed as President and COO to focus on technical and operational matters and Mr. Oscar de Venecia Jr. has been asked to return to an executive position as Vice Chairman and CEO. Basic is confident that with Mr. de Venecia and Mr. Poblete, management will be able to address the needs of the Company as it moves forward in its projects.

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
Ramon F. Villavicencio	Chairman of the Board	10,000	0	not applicable
Manuel Z. Gonzalez	Vice Chairman	1	0	not applicable
Oscar L. de Venecia, Jr.	Vice Chairman & CEO	200,000	45,681,330	lodged with broker
Luisito V. Poblete	President & COO	10,000	0	not applicable
Alain S. Pangan	Vice President – Finance / Treasurer	0	0	not applicable
Darius A. Marasigan	Business Development & Risk Management Officer	0	0	not applicable
Gwyneth S. Ong	Corporate Secretary	0	0	not applicable
Janice L. Co	Assistant Corporate Secretary	0	0	not applicable
Dominique P. Pascua	Compliance Officer	0	0	not applicable

List of Committees and Membership

Name of Committees	Members	Position/Designation in Committee
AUDIT COMMITTEE	VACANT ID (formerly held by ID Reynaldo D. Gamboa)	Chairman
AUDIT COMMITTEE	Kim S. Jacinto-Henares Kim (ID)	Member
AUDIT COMMITTEE	Andres B. Reyes, Jr. (ID)	Member
AUDIT COMMITTEE	Ma. Rosette Geraldine L. Oquias	Member
AUDIT COMMITTEE	Jaime J. Martirez	Member
RISK COMMITTEE	Kim S. Jacinto-Henares Kim (ID)	Chairwoman
RISK COMMITTEE	Andres B. Reyes, Jr. (ID)	Member
RISK COMMITTEE	Manuel Z. Gonzalez	Member
RISK COMMITTEE	Jaime J. Martirez	Member
RISK COMMITTEE	VACANT ID (formerly held by ID Reynaldo D. Gamboa)	Member
NOMINATING COMMITTEE	Manuel Z. Gonzalez	Chairman
NOMINATING COMMITTEE	Oscar L. de Venecia, Jr.	Member
NOMINATING COMMITTEE	Ramon L. Mapa	Member
NOMINATING COMMITTEE	Luisito V. Poblete	Member
NOMINATING COMMITTEE	Kim S. Jacinto-Henares Kim (ID)	Member
COMPENSATION AND REMUNERATION COMMITTEE	Ramon L. Mapa	Chairman
COMPENSATION AND REMUNERATION COMMITTEE	Andres B. Reyes, Jr. (ID)	Member
COMPENSATION AND REMUNERATION COMMITTEE	Jaime J. Martirez	Member
COMPENSATION AND REMUNERATION COMMITTEE	Ma. Rosette Geraldine L. Oquias	Member
COMPENSATION AND REMUNERATION COMMITTEE	VACANT ID (formerly held by ID Reynaldo D. Gamboa)	Member
CORPORATE GOVERNANCE COMMITTEE	Andres B. Reyes, Jr. (ID)	Chairman
CORPORATE GOVERNANCE COMMITTEE	Kim S. Jacinto-Henares Kim (ID)	Member
CORPORATE GOVERNANCE COMMITTEE	Beatrice Jane L. Ang	Member
CORPORATE GOVERNANCE COMMITTEE	Manuel Z. Gonzalez	Member
CORPORATE GOVERNANCE COMMITTEE	VACANT ID (formerly held by ID Reynaldo D. Gamboa)	Member
RELATED THIRD PARTY TRANSACTION COMMITTEE	Kim S. Jacinto-Henares Kim (ID)	Chairman
RELATED THIRD PARTY TRANSACTION COMMITTEE	Andres B. Reyes, Jr. (ID)	Member
RELATED THIRD PARTY TRANSACTION COMMITTEE	Jaime J. Martirez	Member
RELATED THIRD PARTY TRANSACTION COMMITTEE	VACANT ID (formerly held by ID Reynaldo D. Gamboa)	Member

List of other material resolutions, transactions and corporate actions approved by the Board of Directors
none
Other Relevant Information
none