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The board of directors of listed firm Basic Energy Corporation has approved the proposed acquisition of up to 60-percent stake in the Villavicencio-led Filoil Energy Company Inc.
Filoil is one of the independent players in the deregulated downstream oil sector. It previously entered into a tie-u ....
Basic Energy Corp. (BEC) is acquiring up to 60 percent of Filoil Energy Co. Inc. In a disclosure to the stock exchange Monday, the board of Basic Energy has given its go-ahead to proceed with the company’s equity investment in Filoil Energy. “After further presentation to the Board, the members… ....