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 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 COVERSHEET S T A M P S Remarks: Please use BLACK ink for scanning purposes.
May 17, 2023
PHILIPPINE STOCK EXCHANGE
9th Floor, Philippine Stock Exchange Tower 28th Street corner 5th Avenue, BGC Taguig City
Attention: Ms. Alexandra D. Tom Wong Officer-in-Charge, Disclosure Department Subject: PetroEnergy’s Q1 2023 Consolidated Net Income Up by 35%
Gentlemen:
Please see attached copy of the SEC Form 17C on the subject matter. Thank you.
Very truly yours,
Atty. Louie Mark . Limcolioc Assistant Corporate Secretary Compliance Officer
7F JMT
Avenue, Ortigas Center, Pasig City
Philippines
Building, ADB
1600, Metro Manila,
Tel: (+632) 8637-2917 Fax: (+632) 8634-6066 Visit: www.petroenergy.com.ph
2023 Consolidated Net Income improved by about 35% from P252MM to P340MM over the same period last year, largely because of the increase in electricity sales of its Renewable Energy (RE) operating units and a significant increase in Interest income from Short-term investments. These increases cushioned the impact of the decline in PERC’s revenues from its Gabon oil operations due to lower crude oil prices.
17-C
SRC RULE 17.2(c)
1. May 17, 2023 Date of Report (Date of earliest event reported) 2. SEC Identification Number: AS094-008880 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 Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common stock 568,711,842 shares 11. Indicate the item numbers reported herein: Item No. 9 – Other Events PetroEnergy Resources
1st
SECURITIES AND EXCHANGECOMMISSION SEC FORM
CURRENT REPORT UNDER SECTION 17 OF THE SECURITIESREGULATIONCODE AND
THEREUNDER
Corporation’s (PERC)
Quarter
The bulk of PERC’s revenues comes from its investments in RE Projects through its subsidiary and RE Holding Company, PetroGreen Energy Corporation (PGEC). These are: the 32MW Maibarara Geothermal Power Project (MGPP) of the Maibarara Geothermal, Inc.; the 70MWDC Tarlac Solar Power Project of PetroSolar Corporation; and the 36 MW Nabas-1 Wind Power Project of PetroWind Energy Inc.
The improved generation of the MGPP during the quarter, compared with the same period last year, when major plant preventive maintenance was conducted, largely contributed to the 18% growth in electricity sales. The increases in Short-term investments, and consequently, in Interest income, were due mainly to Kyuden International Corporation’s infusion of equity into PGEC.
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 R. Limcolioc Assistant Corporate Secretary/ Compliance Officer
Date: May 17, 2023
C03973-2023
SEC FORM 17-C
1. Date of Report (Date of earliest event reported) May 17, 2023 2. SEC Identification Number ASO94-08880 3. BIR Tax Identification No. 004-471-419-000 4. Exact name of issuer as specified in its charter PETROENERGY RESOURCES CORPORATION 5. Province, country or other jurisdiction of incorporation Metro Manila, Philippines 6. Industry Classification Code(SEC Use Only) 7. Address of principal office 7th Floor, JMT Building ADB Ave., Ortigas Center, Pasig City 1605 Postal Code 1605 8. Issuer's telephone number, including area code (632) 86372917 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,
SECURITIES AND EXCHANGE COMMISSION
CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
andaredisseminatedsolelyforpurposesofinformation.Anyquestionsonthedatacontainedhereinshouldbeaddresseddirectlyto theCorporateInformationOfficerofthedisclosingparty.
