BALTIMORE, MARYLAND -- JULY 24, 2009 - The Board of Directors of Petroleum & Resources Corporation (NYSE:PEO) has elected Nancy J. F. Prue to Executive Vice President effective July 9, 2009. Ms. Prue had been Vice President since 2005 and Vice President-Research with the Corporation since 1986. Prior to that Ms. Prue joined The Adams Express Company in 1982 as a research analyst after previous similar positions with Maryland National Bank and Fidelity & Deposit.
Ms. Prue graduated summa cum laude from Villanova University. She earned an MBA and Law Degree from the University of Baltimore. She is a Chartered Financial Analyst, a member of the Baltimore Security Analysts Society, of which she is a past president, and a member of the Maryland State Bar Association. She is also a member and past president of the National Association of Petroleum Investment Analysts.
Petroleum & Resources Corporation is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange and Pacific Exchange under the symbol PEO.
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For further information, please contact:
Douglas G. Ober, Chairman, CEO and President
Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary
(410) 752-5900 or (800) 638-2479
E-mail: contact@peteres.com
Website: www.peteres.com
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