Basic Energy: Work on SC53 to continue

LISTED Basic Energy Corp. said on Thursday that it would continue exploration work in certain areas in Mindoro.

Basic Energy told the local bourse that for 2017, the company “will continue with its business in oil and gas exploration, being a party, together with other exploration companies, to a service contract for the exploration, development, and exploitation of certain areas situated in onshore Mindoro (Service Contract 53).”