UPDATES CHANGES IN ANNUAL CORPORATE GOVERNANCE AS OF PRESENT DATE

1. Certificate of Registration as RE Developer of Geothermal Resources for West Bulusan Geothermal Project-SEC Form No. 17-C dated January 17, 2014

2. Certificate of Attendance of the Board of Directors from January 2013 to December 2013- Certificate of Attendance submitted to SEC on January 23, 2014.

3. Certification on compliance with Corporate Governance under SEC Memorandum Circular date April 2, 2012- Certification submitted to SEC on January 27, 2014.

4.  Amended Public Ownership Report as of December 31, 2013-SEC Form No. 17-C dated February  13, 2014.

5. Change in Directors and/or Officers –SEC Form No. 17-C dated February 14, 2014- Appointment of Gregorio F. Galang II as AVP-Geology and Drilling Manager.

6. Approval of Hydropower Service Contracts located at Negros Occidental by DOE- SEC Form No. 17-C dated Feb. 14, 2014.

7. Compliance Report on Corporate Governance for Listed Companies- submitted on March 20, 2014.

8. Notice of Annual Stockholders’ Meeting for 2013 –SEC Form 17-C dated March 27, 2014.

9. Approval of Audited Financial Statements as of December 31, 2013- SEC Form No. 17-C dated March 27, 2014.

10. Hiring of Officers- SEC Form No. 17-C dated April 1, 2014.

11. Public Ownership Report as of March 31, 2014- SEC Form No. 17-C dated April 8, 2014.

12. Top 100 Stockholders as of March 31, 2014 submitted April 8, 2014.

13. 2013 Annual Report- SEC Form 17-A dated April 15, 2014.

14. Submission of Quarterly Report- SEC Form 17-Q dated April 30, 2014.

15. Amended Notice of Annual Stockholders’ Meeting for 2013-SEC Form 17-C dated April 30, 2014.

16. Report of subsidiary PT Basic Energi Solusi on its drilling operations in Cepu, Indonesia- SEC Form 17-C dated May 6, 2014.

17. Preliminary Information Statement- SEC Form IS-20 dated May 13, 2014.

18. Amended Notice of Annual Stockholders’ Meeting for 2013-SEC Form 17-C dated May 13, 2014.

19. Proposed Amendments to the Articles of Incorporation-SEC Form 17-C dated May 28, 2014.

20. Proposed Amendments to the Amended By-Laws-SEC Form 17-C dated May 28, 2014.

21. Nominations of the members of the Board of Directors for 2014- SEC Form 17-C dated May 28, 2014.

22. Appointment of External Auditor for 2014- SEC Form No. 17-C dated May 28, 2014.

23. Engagement of Unicapital, Inc. as exclusive Financial Advisor and Investment banker for the Company’s fund raising for its energy projects- SEC Form No. 17-C dated May 28, 2014.

24. Approval of the Board of Directors to amend the Corporate Governance Manual –SEC Form No. 17-C dated May 29, 2014.

25. Management Report-SEC Form IS-20 submitted on May 30, 2014.

26. Signing Agreement with Unicapital, Inc. as Financial Advisor and Investment Banker- SEC Form 17-C dated June 2, 2014.

27. Submission of List of members of the Board of Directors who have attended the Corporate Governance Seminar- SEC Form No. 17-C dated June 6, 2014.

28. BEC Revised Code of Corporate Governance Manual- SEC Form No. 17-C dated June 16, 2014.

29. Minutes of 2012 Annual Stockholders’ Meeting- SEC Form No. 17-C dated June 16, 2014.

30. Audit Committee Charter- SEC Form 17-C dated June 16, 2014.

31. Board approval on the proposed amendments to the Articles of Incorporation of its subsidiaries, Basic Ecomarket Farms, Inc. & iBasic, Inc.-SEC Form No. 17-C dated June 25, 2014.

32. Public Ownership Report as of June 30, 2014- SEC Form No. 17-C dated July 7, 2014.

33. Top 100 Stockholders as of June 30, 2014 –SEC Form No. 17-C dated July 7, 2014.

34. Report on Spud-In of  4th and 5th Well –SEC Form No. 17-C dated July 8, 2014.

35. Results of Annual Stockholders’ Meeting held on July 10, 2014-SEC Form No. 17-C dated July 11, 2014.

36. Results of  Organizational Meeting held on July 10, 2014- SEC Form No. 17-C dated July 11, 2014.

37. Approval of the Stockholders on the proposed Amendments to the Third Article of the Amended Articles of Incorporation –SEC Form No. 17-C dated July 11, 2014.

38. Approval of the stockholders on the proposed Amendments to Section 1, Article 1 of the Amended By-Laws –SEC Form No. 17-C dated July 11, 2014.

39. Submission of Revised Manual on Corporate Governance in compliance with SEC Memorandum No. 9, Series of 2014-SEC Form No. 17-C dated July 14, 2014.

40. Signing of Memorandum of Understanding with From Energies International Limited-SEC Form No. 17-C  dated July 23, 2014.

41. Report of PT Basic Energi Solusi on its fourth (4th ) well reaching its target depth-SEC Form No. 17-C dated July 25, 2014.

42. Report of PT Basic Energi Solusi on completion of wire logging of its 4th well-SEC Form No. 17-C dated August 14, 2014.

43. Fixing of specific date for Annual Stockholders’ Meeting SEC Form NO. 17-C dated August 28, 2014.

44. Hiring of Darius A. Marasigan as Business Development Officer/Financial Analyst-SEC Form No. 17-C dated September 8, 2014.

45. Approval by SEC of the Amendments to Articles of Incorporation  dated September 10, 2014.

46. Approval by SEC of the Amendments to the By-Laws dated September 10, 2014.

47. Report of PT Basic Energi Solusi on the ongoing drilling operations on the third well which has reached depth of 393 meters and fifth well which has reached depth of 398 meters and its sixth well reaching its target depth of 450 meters-SEC Form No. 17-C dated September 25, 2014.

48. Update of PT Basic Energi Solusi on drilling operations on its fifth well  and completion of wire logging for its sixth well-SEC Form No. 17-C dated October 1, 2014.

49. Public Ownership Report as of October 15, 2014-SEC Form No. 17-C submitted on October 8, 2014.

50. Top 100 Stockholders as of October 15, 2014-SEC Form No. 17-C submitted on October 8, 2014.

51. Update on PT Basic Energi Solusi drilling operations on its fifth well and preparation for production testing for its fourth and sixth wells-SEC Form No. 17-C dated October 14, 2014.