Basic Energy Corporation announced that at the board meeting held on February 28, 2023, the company approved the acceptance of the resignation of Mr. Angel P. Gahol as the Company's Corporate Secretary and approval of his appointment as Land Acquisition Manager; The Board and Company, formally thanked Mr. Gahol for his years of service as the Corporate Secretary of Basic Energy Corporation and looks forward to him taking on his new role as Land Acquisition Manager. The appointment of Ms. Gwyneth S. Ong as the new Corporate Secretary of the Corporation; and the appointment of Ms. Janice L. Co as the new Assistant Corporate Secretary of the Corporation.