Basic Energy Management

Management criteria checks 1/4

Basic Energy's CEO is Oscar de Venecia, appointed in Sep 2023, has a tenure of less than a year. directly owns 0.32% of the company’s shares, worth ₱7.33M. The average tenure of the management team and the board of directors is 1 years and 4 years respectively.

Key information

Oscar de Venecia

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	0.3%
Management average tenure	less than a year
Board average tenure	4yrs

Recent management updates

Recent updates

CEO

Oscar de Venecia (55 yo)

less than a year

Tenure

Mr. Oscar L. De Venecia, Jr., serves as its CEO & Vice Chairmen since September 20, 2023 and previously served as President & Chief Executive Officer of Basic Energy Corporation until December 31, 2022. He...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Oscar de Venecia	CEO & Vice Chairman	less than a year	no data	0.32% ₱ 7.3m
Luisito Poblete	President	less than a year	no data	0.000070% ₱ 1.6k
Alain Pangan	VP of Finance & Treasurer	6.3yrs	no data	no data
Dominique Pascua	Compliance Officer	2.8yrs	no data	no data
Julianne Khristina Beltran	Legal Counsel	less than a year	no data	no data
Gwyneth Ong	Corporate Secretary	1.3yrs	no data	no data

1.0yrs

Average Tenure

44yo

Average Age

Experienced Management: BSC's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Oscar de Venecia	CEO & Vice Chairman	17.2yrs	no data	0.32% ₱ 7.3m
Luisito Poblete	President	1.3yrs	no data	0.000070% ₱ 1.6k
Jose de Venecia	Member of Advisory Board	13.8yrs	no data	0.00023% ₱ 5.3k
Oscar Reyes	Vice-Chairman of the Advisory Board	4.5yrs	no data	0.051% ₱ 1.2m
Ramon Mapa	Director	48.3yrs	no data	0.083% ₱ 1.9m
Francis Chua	Member of Advisory Board	2.9yrs	no data	no data
Gabriel Singson	Member of Advisory Board	8.8yrs	no data	1.02% ₱ 23.7m
Gil Buenaventura	Independent Director	less than a year	no data	0.000070% ₱ 1.6k
Jose de Venecia	Chairman of Advisory Board	13.3yrs	no data	0.40% ₱ 9.3m
Andres Reyes	Independent Director	3.5yrs	no data	0.000070% ₱ 1.6k
Kim S. Henares	Independent Director	3yrs	no data	no data
Manuel Gonzalez	Vice Chairman	3yrs	no data	0% ₱ 0

4.0yrs

Average Tenure

61yo

Average Age

Experienced Board: BSC's board of directors are considered experienced (4 years average tenure).

Basic Energy Management

Management criteria checks 1/4

Key information

Recent management updates

Basic Energy Corporation, Annual General Meeting, Jul 24, 2024

Director recently sold ₱57k worth of stock

Director recently sold ₱68k worth of stock

Basic Energy Corporation Appoints Gil Azanza Buenaventura as the Third Independent Director

CEO & Vice Chairman recently bought ₱50k worth of stock

Basic Energy Corporation Approves CEO Changes

Recent updates

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: ₱0.003 (vs ₱0.007 in FY 2022)

Basic Energy Corporation, Annual General Meeting, Jul 24, 2024

Director recently sold ₱57k worth of stock

Director recently sold ₱68k worth of stock

New minor risk - Share price stability

Basic Energy Corporation Appoints Gil Azanza Buenaventura as the Third Independent Director

CEO & Vice Chairman recently bought ₱50k worth of stock

Third quarter 2023 earnings released

Basic Energy Corporation Approves CEO Changes

Basic Energy Corporation Approves CEO Changes

Second quarter 2023 earnings released: EPS: ₱0.004 (vs ₱0.002 in 2Q 2022)

Director recently sold ₱249k worth of stock

Director recently sold ₱54k worth of stock

First quarter 2023 earnings released: EPS: ₱0 (vs ₱0.007 in 1Q 2022)

Director recently sold ₱1.0m worth of stock

Basic Energy Corporation, Annual General Meeting, Jul 12, 2023

Director recently sold ₱56k worth of stock

Basic Energy Corporation Announces Board Changes

Less than half of directors are independent

Basic Energy Announces Mabini Energy Corporation Commissions Met Mast Facility

CEO, President & Director recently sold ₱240k worth of stock

Insider recently sold ₱733k worth of stock

Third quarter 2021 earnings released: ₱0.002 loss per share (vs ₱0.015 loss in 3Q 2020)

Less than half of directors are independent

Basic Energy Corporation, Annual General Meeting, Jun 29, 2022

Executive Officer recently sold ₱6.6m worth of stock

Chairman of the Board recently sold ₱27m worth of stock

Insider recently sold ₱58k worth of stock

Insider recently sold ₱560k worth of stock

CEO, President & Director recently sold ₱315k worth of stock

CEO, President & Director recently sold ₱442k worth of stock

Less than half of directors are independent

Vice Chairman recently sold ₱434k worth of stock

CEO, President & Director recently sold ₱90k worth of stock

Non Executive Director recently sold ₱30m worth of stock

Basic Energy Corporation Announces Management Appointments

Insider recently sold ₱1.9m worth of stock

Basic Energy Corporation Approves Principal Terms of the Pro-Forma Wind Energy Service Contract (WESC) with the Department of Energy

CEO, President & Director recently sold ₱301k worth of stock

Independent Director recently sold ₱5.6m worth of stock

New 90-day high: ₱0.70

New 90-day high: ₱0.41

Basic Energy Corporation Approves the Appointment of Justice Andres S. Reyes, Jr as Independent Director

New 90-day high: ₱0.24

New 90-day high: ₱0.21

First half earnings released

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age