<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>2
<FILENAME>peovote77c.txt
<TEXT>
The Annual Meeting of Stockholders was held on April 27,
2005.

A proposal to approve the adoption of Petroleum & Resources
Corporation 2005 Equity Incentive Compensation Plan was
approved with 9,537,628 votes for, 1,691,906 votes against,
552,864 shares abstaining, and 8,130,655 shares unvoted.
</TEXT>
</DOCUMENT>
