|
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.
|
