PT Basic Energi Solusi, the foreign company in Indonesia of Grandway Group Limited, a joint venture company of Basic Energy Corporation (PSE: BSC) and Petrosolve Sdn Bdn of Malaysia, has informed Basic Energy Corporation that on September 22, 2014, it has completed the wire line logging and analysis of its fourth well (BES-4).
It has also informed Basic Energy Corporation of the ongoing drilling operations on the third well (BES-3) which has reached a depth of 393 meters and the fifth well (BES-5) which has reached depth of 398 meters. Its sixth (BES-6) well has reached target depth of 450 meters and has started wire line logging.
Source: http://www.fabian.ph/2014/09/pt-basic-energi-soluis-completes-wire-line-logging-and-analysis-of-bes-4/
BASIC ENERGY CORP. expects to complete its 50-megawatt (MW) wind power project in Mabini, Batangas by early 2028, its president said. “The wind power project in Mabini, Batangas is moving forward as planned and on track for completion by the first quarter of 2028,” Basic Energy President and Chief Operating Officer Luisito V. Poblete told…
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