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
S T A M P S Remarks: Please use BLACK ink for scanning purposes.
COVERSHEET
Following findings from the Department of Environment and Natural Resources Region 6 (DENR-6) of PetroWind Energy Inc ’s compliance to its various environmental permits for its 13.2 MW Phase 2 project, the Sangguniang Bayan (SB) of Malay re-endorsed the project last February 22, 2024.
SECURITIES AND EXCHANGECOMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIESREGULATIONCODE AND SRC RULE 17.2(c) THEREUNDER 1. April 15, 2024 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 PetroWind’s Phase 2 Re-endorsed by Malay SB Following Support from DENR and Barangay Officials
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
PWEI started site development of the project in March 2023 after securing a PhP 1.8 Billion loan from Development Bank of the Philippines to partially fund the renewable energy project. The first three wind turbine generators (WTWTGs) located on the Nabas side were completed recently and started its testing and commissioning on April 4, supplying much needed electricity to power-starved Panay island. Work on the three remaining WTGs on the Malay side had to be put on hold after the Malay SB revoked the project endorsement it issued in January 2021, last August 2023 when PWEI’s contractors had already been mobilized.
In response to the requests of Malay SB and Sangguniang Panlalawigan (SP) of Aklan to monitor the Phase 2 project and its impact to the environment, several DENR units conducted site inspections and documents review of the project from August 2023 to January 2024.
DENR-6 and DENR – Environment Management Bureau (EMB-6) confirmed that PWEI’s Phase 2 substantially complied with all environmental rules and regulations. Specifically, both agencies confirmed that gabions and silt barriers were installed, and siltation mitigation measures were properly implemented. Civil works spoils were hauled off to previously approved sites located outside of the project area. The DENR reports to the Aklan SP and Malay SB further affirmed that the development of Phase 2 did not affect nearby rivers and that PWEI followed the rules in stakeholder engagement and public consultation.
At the same time, Malay barangay officials of Argao and Cogon, expressed support for Phase 2. Barangay Argao chairman & SB Malay Ex-officio Member Mannie Casidsid said that the power project has the support of barangay council for as long as all mitigating measures will be put in place
“If they will commit that proper monitoring will be implemented to ensure that Napaan River will not be affected, then we are okay with Phase 2. This will also greatly help us reach our goal of making Malay into a city,” Casidsid said.
Meanwhile, officials of Barangay Cogon recognized that all development activities have certain effects on the environment. But such effects are temporary.
“As long as they put mitigating measures and ensures that the Project will not have adverse impact to our rivers, we are supportive of Phase 2. We need to consider the positive, longterm benefits of the Project, ”Cogon chairman Elnor Casidsid said. ###
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 Alternate Information Officer Compliance Officer
Date: April 15, 2024
C02119-2024
SEC
1. Date of Report (Date of earliest event reported) Apr 15, 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
PetroWind’s Phase 2 Re-endorsed by Malay SB Following Support from DENR and Barangay Officials
Background/Description of the Disclosure
Please see attached SEC Form 17C
Other Relevant Information
Filed on behalf by:
Name
Designation
Asst. Corporate Secretary
Louie Mark Limcolioc
