Cabrera edges into one-stroke lead
 |  Cabrera is bidding for his first Wentworth title |
WENTWORTH, England (Reuters) -- Argentine Angel Cabrera snatched the lead in the Volvo PGA Championship third round at Wentworth, moving a stroke clear after his blistering run from the turn paved the way for a four-under-par 68.
The former caddie from Cordoba went birdie-birdie-eagle from the 10th and finished at 12-under 204 going into the final day.
The tournament remains wide open, with four players tied for second place.
Overnight leader Justin Rose of Briton produced an up-and-down 72 to end up a shot off the pace, level with Swede Joakim Haeggman, South African Darren Fichardt and Britain's Scott Drummond.
Britain's Darren Clarke was alone in sixth at 10 under after carding a 71, with tournament favorite and first round leader Ernie Els a further stroke back in a share of seventh, alongside six-times major champion Nick Faldo and Denmark's Thomas Bjorn.
World number three Els recovered from a poor front nine to get back on to the congested leaderboard, chipping in for eagle at the 17th and then collecting a birdie at the last for a level-par 72.
His rankings rival Vijay Singh, though, will have to produce something spectacular to get back into the hunt for the $750,000 first prize and stave off Els' bid to replace him as world number two.
Despite two closing birdies, the tall Fijian slipped back into a tie for 18th at six under, his 71 leaving him six shots behind Cabrera.
Four-times PGA Championship winner Faldo, 46, rolled back the years on his favorite course to finish three off the lead, in a good position to boost his Ryder Cup hopes when he plays his 100th round in the tournament on Sunday.
First title
Cabrera is bidding for his first Wentworth title, but fancies his chances in the European Tour's flagship event.
"I've got a very good chance tomorrow because I'm playing much better now," the Argentine told reporters.
"I wasn't feeling very well last week with the flu but I'm fit now.
"A win will mean a great step forward to me because this is the most important event in Europe after the British Open."
Els, however, could be Cabrera's greatest threat in the final round as the South African hunts the world ranking points that could lift him close behind number one Tiger Woods.
"It was a fantastic finish again," said a beaming Els, who had dropped four strokes on his front nine. "I'm now six under for the last two holes this week and they've saved my round over the last two days."
However, he conceded he had struggled with negative thoughts until he arrived at the 16th, close to his house on the Wentworth estate.
"It was there for the taking today because conditions were perfect and I played badly until the end. The good thing is I'm still only three behind."
Colin Montgomerie's bid to win the event and also seal his British Open exemption is as good as over, as is his chance of regaining a top-50 place in the world rankings to qualify automatically for next month's U.S. Open.
The seven-times European number one, a three-times winner of the event, struggled to a 73 that left him nine strokes adrift of Cabrera.
Britain's Simon Khan became the latest European Tour player to fall foul of a slow-play penalty when he was docked a shot for poor times on the ninth and 12th.
That turned his 71 into a 72 to leave him eight strokes off the pace.
Parnevik rejoins
Sweden's Jesper Parnevik has resurrected his Ryder Cup hopes by rejoining the European Tour.
The Swede, who had effectively ruled himself out of Cup selection earlier this month by forgoing his tour membership, has committed to playing in the mandatory 11 European Tour events.
"He will be reinstated in the Ryder Cup world points list with the 44.68 points he had accumulated prior to his resigning from membership," a European Tour spokesman said.
