X0202 5 2006-12-31 0 0 1 0000216851 PETROLEUM & RESOURCES CORP PEO 0001091813 BONANNO PHYLLIS O 7 ST. PAUL STREET SUITE 1140 BALTIMORE MD 21202 1 0 0 0 Common Stock 2006-04-27 4 M 0 L 420 A 1427 D Restricted Stock Units 2006-04-27 4 M 0 L 400 D Common Stock 400 0 D Represents shares of common stock received upon vesting of 400 restricted stock units granted on April 27, 2005 and 20 additional shares received as dividend equivalent rights accrued on such units. Includes shares of common stock that will be issued upon settlement of restricted stock units (including 400 restricted stock units granted on March 28, 2006) and deferred stock units. Also includes 70.167 shares acquired through the registrant's dividend reinvestment plans. N/A. The restricted stock units vested on April 27, 2006. Phyllis O. Bonanno 2007-01-24