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| Toreador Resources Corporation 4809 Cole Avenue, Suite 108 Dallas, TX 75205 (214) 559-3933 |
Toreador Resources is a well-rounded independent oil and gas company. An international explorer and producer, the company has a promising inventory of producing properties and exploratory prospects in Turkey, France, Romania and Hungary.
In early 2004, Toreador sold its U.S. mineral and royalty assets, which repositioned the company as an international explorer and developer. The sale empowered the company to take advantage of higher-potential exploration opportunities overseas that create greater long-term value for investors.
In 2004, Toreador along with its joint venture partners TPAO (the Turkish national oil company) and Stratic Energy discovered natural gas in the shallow coastal waters of the Turkish Black Sea. This is the first commercial discovery ever in these waters and has opened up a new frontier for hydrocarbon exploration.
Stewart P. Yee, Vice President Investor Relations
HESS awards KCA DEUTAG Euro shale oil drilling contract in FranceKCA DEUTAG, the international drilling and engineering contractor, has been awarded a contract by HESS Oil France S.A.S with a total firm contract value in excess of €6.5 million. |
Europe may be setting for next shale revolution
Europe, which has long been reliant on outside sources for its natural gas and oil supplies, may be on the brink of developing its own supplies.
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Meet Total CFO Patrick de la Chevardière
The financial crisis in 2008 was a shock to everyone, including us. The precipitous drop in oil prices from $114 a barrel in June to $35 in December was stunning.
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Lime Rock Resources II closes with $410 million in capital commitments
Lime Rock, a private equity firm focusing on the global energy sector, has closed Lime Rock Resources II with $410 million in total capital commitments.
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Toreador retains RBC Capital Markets as financial advisorToreador Resources Corp. has hired RBC Capital Markets and formed a special board committee to review the company’s strategic alternatives. |
Toreador names new CFO, directorsToreador Resources Corp. has elected a new CFO and two directors. Bernard de Combret has been named as an independent director of the board, Marc Sengès was named CFO, and Tony Vermeire was appointed commercial director. |
Industry Briefs
Talisman Energy agreed to sell nearly 16,000 boe/d of non-core North American assets for $815 million as part of a program to focus on core growth properties and extract value from non-strategic assets.
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Industry Briefs
Range Resources Corp. has sold its Gulf of Mexico properties to a private company for $155 million.
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