X0202 4 2007-01-11 0 0000216851 PETROLEUM & RESOURCES CORP PEO 0001202950 TRUTA JOSEPH M 7 ST PAUL STREET STE 1140 BALTIMORE MD 21202 0 1 0 0 Executive Vice President Common Stock 2007-01-11 4 A 0 1556 0 A 4299 D Common Stock 2007-01-11 5 J 0 E 1038 0 A 6853 I By Issuer's Thrift Plan Trust N/A. Restricted Stock Grant. Shares will vest in 2010. The number of shares 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 informaiton as of 12/31/2006, the most recent date as of which such information is available. This number reflects periodic contributions made during 2006, shares acquired by the Trustee 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 2006. The Issuer's stock traded in a range of $30.02-$36.81 during 2006. Of these shares, 32.493 shares were acquired in exempt transactions as a result of dividend reinvestment. Joseph M. Truta 2007-01-16