Bloomberg News

PetroEnergy Rises Most in Six Weeks on Geothermal, Wind Projects

February 20, 2012

Feb. 20 (Bloomberg) -- PetroEnergy Resources Corp. advanced the most in more than six weeks in Manila trading after the company said a geothermal project’s development site is 85 percent completed, while a wind venture has met one of the requirements for it to be declared commercially viable.

The stock climbed 1.6 percent to 6.20 pesos as of 11:51 a.m. on the Philippine Stock Exchange, and was up as much as 4.1 percent early in the session. The Philippine Stock Exchange Index increased 1.1 percent to 4,933.42, bound for the highest close on record.

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Cecilia Yap at cyap19@bloomberg.net


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