Registration of Securities

April 30, 2008 CORPORATION FINANCE DEPARTMENT IN THE MATTER OF BASIC ENERGY CORPORATION (formerly: Basic Petroleum Corporation) REGISTRATION OF SECURITIES O R D E R Upon consideration of the Registration Statement and other papers and documents attached thereto which were filed on behalf of Basic Energy Corporation, the Commission resolved to render effective the same for the registration of the following shares with a par value of P0.25 per share pursuant to Section 12 of the Securities Regulation Code and its Implementing Rules and Regulations: AIcaDC Name No. of Shares Amount Paid BA Securities, Inc. (Assignee of 50,000,000 12,500,000 Francis O. Chua) DSG Sons Group, Inc. 35,000,000 8,750,000 Jan Sharon Caisano Tan 3,750,000 937,500 Samuel Uy 10,000,000 2,500,000 Vicky Chua 2,500,000 625,000 Patricia Braun 2,500,000 625,000 Marco Go 2,500,000 625,000 Archivald Po 2,500,000 625,000 Renato Castaeda 2,500,000 625,000 Reuben Lista, Jr. 2,500,000 625,000 Robert Ty 1,250,000 312,500 Phases Realtors, Inc. 6,250,000 1,562,500 Chritodel Phils., Inc. 6,250,000 1,562,500 Salvacion de Venecia 2,000,000 500,000 Engracio Ang, Jr. 8,000,000 2,000,000 PCCI Securities Brokers Corporation 150,000,000 37,500,000 SR Capital Holdings, Inc. 50,000,000 12,500,000 TPG Corporation 50,000,000 12,500,000 Unicapital, Inc. 150,000,000 37,500,000 GRAND TOTAL 537,500,000 P134,375,000.00 Let a Certificate of Permit to Other Securities for Sale be issued in favor of BASIC ENERGY CORPORATION authorizing the sale of the aforementioned securities. Let this Order be published at the expense of the corporation in a newspaper of general circulation in the Philippines within ten (10) days from date hereof. The corporation is hereby directed to furnish the Commission with a copy of the affidavit of publication of this Order. DSTCIa IT IS RESOLVED. Mandaluyong City, Philippines. April 30, 2008. (SGD.) JUSTINA F.CALLANGAN Director Published in The Manila Times on May 31, 2008.