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                    [Title] => Petroleum Corp acquires bioethanol producer
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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
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                    [AuthorName] => Zinnia B. Dela Peña
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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.


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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. 


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BASIC PETROLEUM AND MINERALS INC

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


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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
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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. 


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abtest

Petroleum Corp acquires bioethanol producer

By Zinnia B. Dela Peña | March 26, 2007 - 12:00am

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...

Business

Basic Petroleum may go into coal, gold mining

By Zinnia B. Dela Peña | January 25, 2007 - 12:00am

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 Excha...

Business

Basic Consolidated reduces capital to P500 million

By Zinnia B. Dela Peña | December 1, 2006 - 12:00am

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...

Business