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Toreador’s long-term business strategy
is to deliver an attractive financial return and enhanced
value for investors. The key components are:
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Balanced
growth. We have positioned
the company for growth primarily through the drill bit,
achieving what we believe is a favorable balance between
exploration and development projects. The international
arena offers sizable oil and gas provinces and the most
prospective exploration opportunities, especially for
a small-cap independent like Toreador. In the United
States, growth is driven by our technical expertise to
increase reserves and replace production at minimal cost
and low-to-moderate risk.
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Strong financial foundation. We have fought hard to create the strong balance sheet
that is now one
of Toreador’s most valuable assets. It provides
us with the strategic flexibility to take on the unpredictability
of the oil and gas business and the competitive advantage
to pursue a promising prospect inventory.
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Disciplined management team. As entrepreneurs,
we manage our business conservatively, always working
to hold down expenses while increasing oil and gas production
and capitalizing on acquisition opportunities. We take
a disciplined approach to new ventures, only participating
when a project meets our standards for return on time
and investment.
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Belief in success. Despite
price fluctuations, cyclical demand and sometimes difficult
geology, we are
staunch believers in the ultimate success of our business.
We hold a well-balanced portfolio with solid prospects
and have a seasoned technical team that has experience
in more than 40 countries. We have the right assets,
the right people and the right strategy to build our
business.
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