Hoover's Profile:
Toreador Resources Corporation |
|
Balance Sheet Cash Flow Statement 4809 Cole Ave., Ste. 108 Dallas, TX 75205 TX Tel. 214-559-3933 Fax 214-559-3945 |
Type: Public
On the web:
http://www.toreador.net
Employees:
96
Employee growth: 43.3%
Toreador Resources is looking to the bull market in oil prices to lift its revenues and its long term prospects. The oil and gas explorer, which focuses on exploration opportunities in the international arena, owns royalty and mineral interests in properties located in France, Hungary, Romania, and Turkey, where in 2007 it reported 5.9 million gross acres (4.8 million net) of primarily undeveloped land. Toreador, which in 2007 had estimated proved reserves of 13.3 million barrels of oil equivalent, sells its oil and gas to refiners and pipeline companies. Toreador's business strategy is to grow reserves, production volumes, and cash flows through drilling internally generated prospects.
Key numbers for fiscal year ending December, 2007:
Sales: $41.7M
One year growth: 3.2%
Net income: ($74.4)M
Officers:
Chairman: John M. McLaughlin
SVP and CFO: Charles J. Campise
President, CEO, and Director: Oil & Gas Exploration & Production
Competitors:
Avenue Group
Sabanci
TOTAL

