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                    [ArticleID] => 46651
                    [Title] => Basic Energy eyes oil, gas areas in Indonesia
                    [Summary] => 
            
                    [DatePublished] => 2008-02-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 34212
                    [Title] => Basic Energy hikes follow-on offer to P2B
                    [Summary] => 
            
                    [DatePublished] => 2007-12-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 5587
                    [Title] => Basic Petroleum to raise P2.2B for biofuel proj
                    [Summary] => 
            
                    [DatePublished] => 2007-07-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 391442
                    [Title] => Petroleum Corp acquires bioethanol producer
                    [Summary] => 



Publicly-listed Basic Petroleum Corp. is entering the lucrative bio-fuels business via the purchase of bioethanol producer Zambo Norte Bioenergy Corp. (ZNBC) for P120 million in cash and in shares of stock.


Sources privy to the transaction said ZNBC, owned by a leading local sugar conglomerate and a group of petroleum, shipping and investment banking veterans, will own about 12 percent of Basic upon completion of the deal.


                    [DatePublished] => 2007-03-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 381588
                    [Title] => Basic Petroleum may go into coal, gold mining
                    [Summary] => 



Basic Petroleum Corp. (formerly Basic Consolidated Inc.) is in talks with prospective partners for its planned foray into coal exploration and/or gold mining, the company told the Philippine Stock Exchange.


                    [DatePublished] => 2007-01-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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                    [ArticleID] => 372697
                    [Title] => Basic Consolidated reduces capital to P500 million
                    [Summary] => 



The Securities and Exchange Commission has approved Basic Consolidated Inc.’s reduction in authorized capital stock to P500 million from P2 billion as part of the company’s quasi-reorganization towards cleaning up its balance sheet.


In a disclosure to the Philippine Stock Exhange, Basic said the SEC also approved the reduction of the par value of its shares from P1 to P0.25 per share.  The number of the company’s shares remains at two billion.  


Likewise approved was the change in its corporate name to Basic Petroleum Corp. 


                    [DatePublished] => 2006-12-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 322412
                    [Title] => More firms show keen interest in Malampaya
                    [Summary] => More local and foreign oil firms have expressed a keen interest in joining the development of the Malampaya oil rim, a ranking Philippine National Oil Co. (PNOC) official said.


PNOC president Eduardo Mañalac told reporters over the weekend that Basic Petroleum Corp., CITIC of China, Vitol and 3Energy of Malaysia have signified interest in joining the oilfield development.


Mañalac said they plan to farm out  the contract for the Malampaya oil rim.


"The approach that PNOC will use is going to be a farm out offer," Manalac said.


                    [DatePublished] => 2006-02-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

BASIC PETROLEUM CORP

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                    [Title] => Basic Energy eyes oil, gas areas in Indonesia
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [Title] => Basic Energy hikes follow-on offer to P2B
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [Title] => Basic Petroleum to raise P2.2B for biofuel proj
                    [Summary] => 
            
                    [DatePublished] => 2007-07-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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                )

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                (
                    [ArticleID] => 391442
                    [Title] => Petroleum Corp acquires bioethanol producer
                    [Summary] => 



Publicly-listed Basic Petroleum Corp. is entering the lucrative bio-fuels business via the purchase of bioethanol producer Zambo Norte Bioenergy Corp. (ZNBC) for P120 million in cash and in shares of stock.


Sources privy to the transaction said ZNBC, owned by a leading local sugar conglomerate and a group of petroleum, shipping and investment banking veterans, will own about 12 percent of Basic upon completion of the deal.


                    [DatePublished] => 2007-03-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [URL] => 
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                    [ArticleID] => 381588
                    [Title] => Basic Petroleum may go into coal, gold mining
                    [Summary] => 



Basic Petroleum Corp. (formerly Basic Consolidated Inc.) is in talks with prospective partners for its planned foray into coal exploration and/or gold mining, the company told the Philippine Stock Exchange.


                    [DatePublished] => 2007-01-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 372697
                    [Title] => Basic Consolidated reduces capital to P500 million
                    [Summary] => 



The Securities and Exchange Commission has approved Basic Consolidated Inc.’s reduction in authorized capital stock to P500 million from P2 billion as part of the company’s quasi-reorganization towards cleaning up its balance sheet.


In a disclosure to the Philippine Stock Exhange, Basic said the SEC also approved the reduction of the par value of its shares from P1 to P0.25 per share.  The number of the company’s shares remains at two billion.  


Likewise approved was the change in its corporate name to Basic Petroleum Corp. 


                    [DatePublished] => 2006-12-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 322412
                    [Title] => More firms show keen interest in Malampaya
                    [Summary] => More local and foreign oil firms have expressed a keen interest in joining the development of the Malampaya oil rim, a ranking Philippine National Oil Co. (PNOC) official said.


PNOC president Eduardo Mañalac told reporters over the weekend that Basic Petroleum Corp., CITIC of China, Vitol and 3Energy of Malaysia have signified interest in joining the oilfield development.


Mañalac said they plan to farm out  the contract for the Malampaya oil rim.


"The approach that PNOC will use is going to be a farm out offer," Manalac said.


                    [DatePublished] => 2006-02-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest