X0303 5 2008-12-31 0 0 0 0000216851 PETROLEUM & RESOURCES CORP PEO 0001087425 GALE ROGER W 7 ST. PAUL STREET SUITE 1140 BALTIMORE MD 21202 1 0 0 0 Common Stock 2008-01-02 5 J 0 82 38.81 A 1378 D Common Stock 2008-03-27 5 J 0 47 36.59 A 1825 D Common Stock 2008-12-31 5 J 0 210 0 A 2549 D These shares were acquired as dividend equivalents which were issued in conjunction with 400 restricted stock units which vested on 3/27/2007, but were deferred until 1/2/2008. These shares were acquired as dividend equivalents which were issued in conjunction with 400 restricted stock units which vested on 3/27/2008. These shares were acquired in exempt transactions as a result of dividend reinvestment. The Issuer's stock traded in a range of $17.37-$44.41 during 2008. Roger W. Gale 2008-02-02