Basic Energy Corporation Announced that During the Organizational Board Meeting of the Corporation held immediately after the Annual Stockholders' Meeting, the following were appointed officers, members of the advisory board and board committees: Officers: Oscar L. de Venecia, Jr. - Vice Chairman & CEO, Luisito V. Poblete as President & COO and
Janice L. Co as Assistant Corporate Secretary. Advisory Board: Jose C. de Venecia, Jr. - Chairman, Oscar S. Reyes - Vice Chairman, Seiichi Wada - Member, Jose P. de Venecia III - Member, Gabriel R. Singson, Jr. - Member, Reynaldo T. Casas - Member, Francis C. Chua - Member, Supasit Pokinjaruras - Member. Audit Committee: (vacant) (ID) - Chairman, Kim S. Jacinto-Henares Kim (ID) - Member, Andres B. Reyes, Jr. (ID) - Member, Ma. Rosette Geraldine L. Oquias - Member, Jaime J. Martirez - Member. Risk Committee: Kim S. Jacinto-Henares Kim (ID) - Chairman, Andres B. Reyes, Jr. (ID) - Member, Manuel Z. Gonzalez - Member, Jaime J. Martirez - Member, (vacant) (ID) - Member, Nominating Committee: Manuel Z. Gonzalez - Chairman, Oscar L. de Venecia, Jr. - Member, Ramon L. Mapa - Member, Luisito V. Poblete - Member, Kim S. Jacinto-Henares Kim (ID) - Member. Compensation and Remuneration Committee: Ramon L. Mapa - Chairman, Andres B. Reyes, Jr. (ID) - Member, Jaime J. Martirez - Member, Ma. Rosette Geraldine L. Oquias - Member, (vacant) (ID) - Member. Corporate Governance Committee: Andres B. Reyes, Jr. (ID) - Chairman, Kim S. Jacinto-Henares Kim (ID) - Member, Beatrice Jane L. Ang - Member, Manuel Z. Gonzalez - Member, (vacant) (ID) - Member. Related Third Party Transaction Committee: Kim S. Jacinto-Henares Kim (ID) - Chairman, Andres B. Reyes, Jr. (ID) - Member, Jaime J. Martirez - Member, (vacant) (ID) - Member.