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)

Dec 4, 2024

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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Results of the 04 December 2024 Regular Board Meeting of BSC
Background/Description of the Disclosure
The Board of Directors of Basic Energy Corporation (the “Corporation”) held its regular board meeting on 04 December 2024, with a quorum present, and on motion duly moved and seconded, approved the following: 1. Changes in the Composition of the Board: a. Acknowledged the resignation of Mr. Ramon L. Mapa as director which shall take effect on January 1, 2025. The Board thanked Mr. Mapa for his contribution and guidance to the Company; b. Election of Mr. Alberto Emilio V. Ramos as director, effective January 1, 2025; and c. Election of Ms. Kim S. Jacinto-Henares as Chair of the Board, effective January 1, 2025. 2. Authority to implement solar projects in the following areas (exploratory stages; proper disclosure shall be provided upon material developments and/or execution of material contracts/agreements): a. Cadiz, Negros Occidental b. Mariveles, Bataan c. Bolinao, Pangasinan
Other Relevant Information
please refer to attached SEC Form 17C