SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Jun 30, 2020

2. SEC Identification Number

36352

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 or organization

Makati City

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)- 8817-8596

9. Former name or former address, and former fiscal year, 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	2,815,392,714

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

Philippine Stock Exchange

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

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 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Jun 30, 2020
Currency (indicate units, if applicable)	PESOS

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Jun 30, 2020	Dec 31, 2019
Current Assets	155,565,846	164,342,907
Total Assets	573,050,714	600,578,065
Current Liabilities	20,065,855	20,343,874
Total Liabilities	31,582,746	42,845,633
Retained Earnings/(Deficit)	-172,400,690	-150,590,034
Stockholders' Equity	550,833,355	566,813,756
Stockholders' Equity - Parent	554,073,355	570,053,756
Book Value per Share	0.18	0.19

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	0	0	0	0
Gross Expense	0	0	0	0
Non-Operating Income	23,122,212	2,465,363	2,729,115	10,993,771
Non-Operating Expense	8,853,208	33,879,285	24,823,834	43,925,740
Income/(Loss) Before Tax	14,269,004	-31,413,922	-22,094,719	-32,931,969
Income Tax Expense	0	0	0	0
Net Income/(Loss) After Tax	14,269,004	-31,413,922	-22,094,719	-32,931,969
Net Income Attributable to Parent Equity Holder	13,115,894	-31,456,334	21,810,656	-33,103,904
Earnings/(Loss) Per Share (Basic)	0	-0.01	-0	-0.01
Earnings/(Loss) Per Share (Diluted)	0	-0.01	-0	-0.01

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	-0.06	-0
Earnings/(Loss) Per Share (Diluted)	-0.06	-0

Other Relevant Information
See attached SEC Form 17-Q as of June 30, 2020