BALTIMORE, MARYLAND -- JUNE 22, 2004 - Robert E. Sullivan, CFA, recently joined Petroleum & Resources Corporation as an energy analyst. Prior to joining the Corporation, Mr. Sullivan was a senior equity analyst with UBS in New York focusing on the natural gas, electric and coal sectors. Mr. Sullivan received his undergraduate degree from the College of Holy Cross and an MBA from Boston University Graduate School of Management. He is a Chartered Financial Analyst.
Petroleum & Resources Corporation is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange and Pacific Exchange, and its symbol is PEO.
###
For further information, please contact:
Douglas G. Ober, Chairman, Chief Executive Officer & 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
For your convenience, all press releases are posted to our website. If you would like to receive future press releases by fax or e-mail, please let us know.