A S 0 9 4 - 0 0 8 8 8 0 SEC Registration Number P E T R O E N E R G Y R E S O U R C E S C O R P O R A T I O N (Company’s Full Name) 7 T H F L O O R J M T B U I L D I N G A D B A V E N U E O R T I G A S C E N T E R P A S I G C I T Y (Business Address: No. Street City/Town/Province) LOUIE MARK R. LIMCOLIOC 88637-2917 (Contact Person) (Company Telephone Number) 1 2 3 1 SEC 17C Month Day Month Day (Fiscal Year) (Annual Meeting) (Secondary License Type, If Applicable) Dept. Requiring this Doc. Amended Articles Number/Section Total Amount of Borrowings Total No. of Stockholders Domestic Foreign To be accomplished by SEC Personnel concerned File Number LCU Document ID Cashier
S T A M P S Remarks: Please use BLACK ink for scanning purposes.
COVERSHEET
SECURITIES AND EXCHANGECOMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIESREGULATIONCODE AND SRC RULE 17.2(c) THEREUNDER 1. April 4, 2024 Date of Report (Date of earliest event reported) 2. SEC Identification Number: AS094-08880 3. BIR Tax Identification Number: 004-471-419-000 4. PETROENERGY RESOURCES CORPORATION Exact name of issuer as specified in its charter 5. Metro Manila, Philippines 6. (SEC Use Only) Province, country or other jurisdiction of incorporation Industry Classification Code: 7. 7F JMT BUILDING, ADB AVE., ORTIGAS CENTER, PASIG CITY 1605 Address of principal office Postal Code 8. (632) 86372917 Issuer's telephone number, including area code 9. N/A Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA Title of Each Class Common stock Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding 568,711,842 shares 7F JMT Building, ADB Avenue, Ortigas Center, Pasig City 1600, Metro Manila, Philippines Tel: (+632) 8637-2917 Fax: (+632) 8634-6066 Visit: www.petroenergy.com.ph
11. Indicate the item numbers reported herein:
DOE, PetroWind and NGCP Add New Power Supply to Panay
Yuchengco-led PetroWind Energy Inc. (PWEI), the Department of Energy’s (DOE) service contractor for the Nabas wind power project in Aklan, started the export of power from its Phase-2 expansion on April 4, 2024 following requisite approvals from the Independent Energy Market Operator of the Philippines (IEMOP) and National Grid Corporation of the Philippines (NGCP)
“We are pleased with the start of the commissioning of the Nabas wind power project Phase 2 as it delivers much needed power to the Panay sub-grid. This is the newest power station added to the system since the January 2, 2024 grid blackout and we congratulate PWEI for this milestone. This commissioning testifies to the efforts of our private sector partners, working with the administration, to boost the country’s clean and renewable energy capacity in sustaining long-term economic growth particularly in northern Panay and Boracay,” declared DOE Secretary Raphael P.M. Lotilla.
The commissioning followed the approval on April 3, 2024 by IEMOP and on April 4 by NGCP of the WESM registration of the project as a generation facility and its energization for power injection, respectively. First power exported to the grid was supplied by the first three 2.2 MW Vestas wind-turbine generators.
“We anticipate that this commissioning will eventually lead to the successful commercial operation of our Phase 2 expansion as the second wind power unit of PWEI and the sixth RE generating plant of PetroGreen Energy Corporation (PGEC). In supplying much needed electricity to Panay communities, we also look forward to the revenue stream from this investment. We are very grateful for the support not only of the DOE and its attached agencies NGCP, IEMOP, and ERC, but also that of our lender the Development Bank of the Philippines (DBP),” added F.G. Delfin Jr. President & CEO of PGEC In February 2023, state-owned DBP provided a PhP 1.8 Billion loan to PWEI to partially fund the development and construction of the project.
Item No. 9 – Other Events
PGEC and publicly-listed PetroEnergy Resources Corporation, both part of the Yuchengco Group of Companies (YGC), own a combined 60% equity interest in PWEI while BCPG Wind Cooperatief U.A., a subsidiary of Thailand’s BCPG Public Company Ltd , owns 40%.
SIGNATURES
Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this report to be signed on behalf by the undersigned hereunto duly authorized.
PETROENEGY RESOURCES CORPORATION
Issuer By: Atty. Louie Mark Limcolioc Assistant Corporate Secretary Alternate Information Officer Compliance Officer
Date: April 4, 2024
View of Nabas Wind Power Project, looking north; photo by PetroWind Energy Inc.
C01941-2024
SEC
1. Date of Report (Date of earliest event reported) Apr 4, 2024 2. SEC Identification Number AS094-08880 3. BIR Tax Identification No. 004-471-419-000 4. Exact name of issuer as specified in its charter PETROENERGY RESOURCES COORPORATION 5. Province, country or other jurisdiction of incorporation Metro Manila, Philippines 6. Industry Classification Code(SEC Use Only) 7. Address of principal office 7F, JMT Building ADB Ave., Ortigas Center, Pasig City Postal Code 1600 8. Issuer's telephone number, including area code (632) 8637 2917 9. Former name or former address, if changed since last report -10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding common 568,711,842 11. Indicate the item numbers reported herein Item No. 9 TheExchangedoesnotwarrantandholdsnoresponsibilityfortheveracityofthefactsandrepresentationscontainedinallcorporate disclosures,includingfinancialreports.AlldatacontainedhereinarepreparedandsubmittedbythedisclosingpartytotheExchange, andaredisseminatedsolelyforpurposesofinformation.Anyquestionsonthedatacontainedhereinshouldbeaddresseddirectlyto theCorporateInformationOfficerofthedisclosingparty.
SECURITIES AND EXCHANGE COMMISSION
FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
PetroEnergy Resources Corporation PERC
PSE Disclosure Form 4-30 - Material Information/Transactions
References:SRCRule17(SECForm17-C)and Sections4.1and4.4oftheRevisedDisclosureRules
Subject of the Disclosure
DOE, PetroWind and NGCP Add New Power Supply to Panay
Background/Description of the Disclosure
Please see attached SEC Form 17C.
Other Relevant Information
Filed on behalf by:
Corporate Secretary
Name Louie Mark Limcolioc Designation Asst.
