Michael A. Kijesky Elected Vice President - Research for Petroleum & Resources Corporation

BALTIMORE, March 24, 2011 /PRNewswire/ -- Michael A. Kijesky has been elected Vice President – Research of Petroleum & Resources Corporation (NYSE: PEO), effective April 1, 2011.  Mr. Kijesky joined the Corporation in August 2009 as a senior equity analyst with a focus on energy and basic materials stocks.

Doug Ober, Chairman, President and CEO, says, "Mike Kijesky has been a key contributor to the Corporation's success since joining us in 2009 and his promotion is well deserved."

Prior to joining the Corporation, Mr. Kijesky was a senior vice president/equity analyst with McHugh Associates, Inc., in Radnor, PA, and has also been an equities analyst with Cutler & Co., in W. Conshohocken, PA, a financial analyst with Air Products & Chemicals, Inc., and a process engineer with Rohm and Haas Company.

Mr. Kijesky is a Chartered Financial Analyst and received his undergraduate and Master of Business Administration degrees from Lehigh University.

Petroleum & Resources is a Baltimore-based closed-end investment company.  It is traded on the New York Stock Exchange and its symbol is PEO.

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SOURCE Petroleum & Resources Corporation

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