C01235-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Feb 20, 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, Metro Manila, Philippines Postal Code 1605
8. Issuer's telephone number, including area code
(632) 86372917
9. Former name or former address, if changed since last report
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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

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PetroEnergy Resources CorporationPERC

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

“Petrowind Energy Inc. is seeking the approval of the Energy Regulatory Commission to develop the P257-million point-to-point transmission facility to connect its 13.2-megawatt Nabas 2 wind project in Aklan to the transmission line of the National Grid Corp. of the Philippines.
Source manilastandard.net
Subject of News Report “Petrowind seeks ERC nod on P257-m Aklan power line”
Date of Publication Feb 17, 2023
Clarification of News Report

Disclosure
We submit our reply in compliance with the Philippine Stock Exchange's request for clarification/confirmation on the below statements in the news article posted by manilastandard.net on Feb. 17, 2023, quoted as follows:
"PetroWind seeks ERC nod on P257-m Aklan power line
Petrowind Energy Inc. is seeking the approval of the Energy Regulatory Commission to develop the P257-million point-to-point transmission facility to connect its 13.2-megawatt Nabas 2 wind project in Aklan to the transmission line of the National Grid Corp. of the Philippines.
PWEI, a subsidiary of Yuchengco-owned PetroEnergy Resources Corp., said in its application the interconnection facilities would directly connect the Nabas 2 project to the 13.2-megawatt Nabas-AVON-Caticlan substation overhead transmission line of NGCP through the 4-km 69kV transmission line of PWEI and the proposed common switchyard of Nabas 1 and Nabas 2.
PWEI said ERC’s issuance of a provisional authority is “urgently needed to enable Petrowind to achieve the target commercial operations of Nabas 2 wind power project by September 2023.”
“Petrowind respectfully submits that the dedicated facility project is the only viable option for connecting the Nabas 2 wind power project as detailed in the system impact study,” the company said."

We confirm that in connection with the development and construction of its 13.2MW Nabas-2 Wind Power Project (Nabas-2), PetroWind Energy Inc. (PWEI) filed its "Application for Authority to Development, Own and/or Operate the Dedicated Point-to Point Transmission Facilities to Connect the 13.2MW Nabas-2 Wind Power Project to the Transmission Line of the National Grid Corporation of the Philippines with Prayer for Provisional Authority and/or Interim Relief and Motion for Confidential Treatment of Information" with the Energy Regulatory Commission (ERC) on 18 January 2023.
In relation to the aforementioned news article, we would like to clarify that September 2023 is not the target commercials operations date for Nabas-2, but rather, the date that PWEI prays for Provisional Authority for the ERC to allow the construction of the dedicated point-to-point transmission facilities. The target commercial operations date for the Nabas-2 project is by 2nd Quarter of 2024.
Other Relevant Information

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Filed on behalf by:
Name Louie Mark Limcolioc
Designation Asst. Corporate Secretary