X0202 3 2008-03-01 0 0001335190 PETRO RESOURCES CORP PRC 0001221319 DENNY JAMES W III 777 POST OAK BOULEVARD, SUITE 910 HOUSTON TX 77056 0 1 0 0 Executive V.P. and COO Common Stock 40000 D Common Stock 90000 D Stock Option (right to buy) 1.69 2013-02-28 Common Stock 100000 D The restricted stock vests in three equal annual installments beginning on March 1, 2009. The option vests in four equal annual installments beginning on March 1, 2008. /s/ James W. Denny III 2008-03-05