X0202 4 2006-01-12 0 0000216851 PETROLEUM & RESOURCES CORP PEO 0001202949 OBER DOUGLAS G 7 ST PAUL STREET STE 1140 BALTIMORE MD 21202 1 1 0 0 Chairman, CEO and President Common Stock 2006-01-12 4 A 0 2913 0 A 3907 D Common Stock 2006-01-12 5 J 0 E 1785 0 A 18766 I By Issuer's Thrift Plan Trust N/A. Restricted Stock Grant. Shares will vest in 2009. Of these shares, 6 shares were acquired in exempt transactions through dividend reinvestment and 5 shares were acquired in two exempt transactions under Code L (Rule 16a-6). The number of shares of Common Stock reported as held by the Issuer's Thrift Plan Trust represents the undersigned's proportionate beneficial interest in such stock held in the Trust. Such number is based on information as of 1/12/2006, the most recent date as of which such information is available. This number reflects periodic contributions made during 2005, shares acquired by the Trust through dividend reinvestment, and changes in the number of shares previously reported due to fluctuations in the market price and interests in the Trust. Shares were acquired by the Trustee at various times during 2005. The Issuer's stock traded in a range of $25.55-$35.40 during 2005. Douglas G. Ober 2006-01-17