X0303 4 2010-03-19 0 0000216851 PETROLEUM & RESOURCES CORP PEO 0000938742 SMITH CRAIG R 7 ST. PAUL STREET SUITE 1140 BALTIMORE MD 21202 1 0 0 0 Common Stock 2010-03-19 5 J 0 E 23 23.78 A 7068 D Common Stock 2010-03-23 4 A 0 400 0 A 7468 D These shares were acquired as dividend equivalents which were issued in conjunction with 400 restricted stock units which vested on 3/19/2010. These shares were granted as restricted stock units which will vest one year from the date of grant along with dividend equivalents, unless the reporting person elects to defer the vesting date. The restricted stock units and the dividend equivalents will be issued in shares of Common Stock. Craig R. Smith, M.D. 2010-03-24