| Kurse + Charts + Realtime | News + Analysen | Fundamental | Unternehmen | zugeh. Wertpapiere | Aktion | |
|---|---|---|---|---|---|---|
| Kurs + Chart | Chart (groß) | News + Adhoc | Bilanz/GuV | Termine | Zertifikate | Depot |
| Times + Sales | Chart-Analyse | Analysen | Dividende/HV | Profil | Optionsscheine | Watchlist |
| Börsenplätze | Chartvergleich | Kursziele | Insidertrades | Knock-outs | myHome | |
| Orderbuch | Realtime Stuttgart | RSS Feed | im Forum | Fonds | Senden/Drucken | |
| Historisch | Realtime Push | myNews neu | IR-Daten | Anleihen | handeln | |
Toreador Resources zu myNews hinzufügen Was ist das?
Regulatory News:
Toreador Resources Corporation (NASDAQ:TRGL) (Paris:TOR) today announced second quarter 2011 financial results.
Mr. Craig McKenzie, President and CEO of Toreador, said: "We are pleased with our second quarter 2011 results and believe that the company is well positioned to capitalize on significant growth opportunities going forward. In particular, we anticipate implementing our drilling program in the Paris Basin by year-end."
SECOND QUARTER 2011 FINANCIAL RESULTS
| (Unaudited) | Three Months Ended | |||||||||||||||
| June 30, | Change | Change | ||||||||||||||
| ($ million, except where noted) | 2011 | 2010 | (units) | (%) | ||||||||||||
| Revenue and other income | $ | 10.4 | $ | 20.9 | $ | (10.6) | -51% | |||||||||
| Sale and other operating revenue | $ | 8.8 | $ | 5.9 | $ | 3.0 | 49% | |||||||||
| Other income | $ | 1.5 | $ | 15.0 | $ | (13.5) | -90% | |||||||||
| Operating income | $ | 1.0 | $ | 14.0 | $ | (13.1) | -93% | |||||||||
| Loss from discontinued operations | $ | (2.9) | $ | (0.2) | $ | (2.7) | 1081% | |||||||||
| Income (loss) available to common shares | $ | (3.3) | $ | 6.3 | $ | (9.5) | -152% | |||||||||
| Basic income (loss) per share ($/share) - Cont. Ops | $ | (0.01) | $ | 0.27 | $ | (0.28) | -104% | |||||||||
| Diluted income (loss) per share ($/share) - Cont. Ops | $ | (0.01) | $ | 0.27 | $ | (0.28) | -104% | |||||||||
| Capital expenditures | $ | 0.05 | $ | 0.11 | $ | (0.06) | -56% | |||||||||
| Production (MBbl) | 78.17 | 82.12 | (3.95) | -5% | ||||||||||||
| Average realized price ($/Bbl) | $ | 116.7 | $ | 74.2 | $ | 42.4 | 57% | |||||||||
Revenue and other income
Sales and other operating revenue
Sales
and other operating revenue for the three months ended June 30, 2011 was
$8.8 million, as compared to sales and other operating revenue of $5.9
million for the three months ended June 30, 2010. This increase is
primarily due to the increase in global oil prices over the period,
which led to an increase in the prices at which we sell our oil from an
average of $74.2 per barrel in the three months ended June 30, 2010 to
an average of $116.7 per barrel in the three months ended June 30, 2011.
This increase was offset by a slightly lower production, decreasing from
82 MBbls in the three months ended June 30, 2010 to 78 MBbls in the
three months ended June 30, 2011.
Other income
Other income
includes all exploration, salary and general and administrative costs
associated with TEF’s activities as operator of the exploration permits
in the Paris Basin, which TEF is entitled to invoice to Hess under the
Investment Agreement. For the three months ended June 30, 2011, $1.5
million was invoiced to Hess and recorded as "Other income” compared to
$15 million in the same period last year consisting of the upfront
payment of $15 million received from Hess following the execution of the
Investment Agreement.
Operating costs and expenses
Lease operating expense
Lease
operating expense was $3.5 million, or $45.19 per BOE produced, for the
three months ended June 30, 2011, as compared to $3.1 million, or $38.21
per BOE produced, for the three months ended June 30, 2010. This
increase is due to an increase in certain production costs and land fees
associated with our conventional production including expenses related
to an environmental audit on our production sites. Lease operating
expense for the three months ended June 30, 2011 also includes inventory
turnover variation for an amount of $0.1 million.
Exploration expense
Exploration
expense for the three months ended June 30, 2011 was $0.1 million, as
compared to $1.1 million for the three months ended June 30, 2010. This
decrease is due primarily to higher expenses incurred in the same period
last year associated with geological and technical studies the Company
conducted and commissioned in connection with our proof of concept
project which at the time were not invoiced to Hess under the Investment
Agreement.
Depreciation, depletion and amortization
Depreciation,
depletion and amortization for the three months ended June 30, 2011 was
$1.7 million or $21.86 per BOE produced, as compared to $0.7 million or
$8.19 per BOE produced for the three months ended June 30, 2010. This
increase is primarily due to the reduction at the end of 2010 of the
estimated life of wells used for the depreciation, depletion and
amortization to comply with the legal maturity of our production
concessions.
General and administrative before stock
compensation expense
General and administrative expense,
excluding stock compensation expense, for the three months ended June
30, 2011, totaled $3.0 million, as compared to $1.8 million for the
comparable period in 2010. This increase is due to (i) higher
professional and legal fees in relation to the safeguarding of our
exploration permits during the public debate in France regarding the ban
on hydraulic fracturing and (ii) generation of external growth.
Stock compensation expense
Stock
compensation expense was $1.1 million for the three months ended June
30, 2011 compared with $1.1 million for the three months ended June 30,
2010. During the three months ended June 30, 2011, we issued 88,939
shares compared to 93,392 shares issued in the comparable period last
year. Stock compensation expense includes directors’ annual stock grant
of immediately vested shares in the amount of $450,000.
Impairment of oil properties
There
were no impairment charges for the three months ended June 30, 2011 and
June 30, 2010.
Loss/Gain on oil derivative contracts
We
recorded a gain on oil derivative contracts for the three months ended
June 30, 2011 of $0.3 million as compared to a gain of $0.8 million in
the three months ended June 30, 2010. This amount consists of an
unrealized gain on the commodity derivative contracts with Vitol S.A as
well as the margin calls related to this contract with Vitol trading due
to the Dated Brent price being higher than the selling price of $91.00
per barrel under the derivative contract. The unrealized gain on the oil
derivative contract for the three months ended June 30, 2011 and 2010
amounted to a gain of $1.5 million and $0.8 million respectively. The
margin calls for the three months ended June 30, 2011 amounted to an
expense of $1.2 million compared to zero for the same period last year.
Foreign currency exchange gain (loss)
We
recorded a loss on foreign currency exchange of $0.3 million for the
three months ended June 30, 2011 compared with a loss of $0.1 million
for the three months ended June 30, 2010. This increase is mainly due to
the weakening of the U.S. dollar compared to the euro over the same
period in 2011.
Interest expense
Interest
expense, was $0.3 million for the three months ended June 30, 2011 as
compared to $1.0 million for the three months ended June 30, 2010.
The interest expense relates to interest payments relating to the New Convertible Senior Notes issued in February 2010. Interest expense for the New Convertible Senior Notes was $585,000 for the three months ended June 30, 2011 as compared to $633,000 for the three months ended June 30, 2010. Also included in interest expense are expenses related to the amortization of issue premium and debt issuance costs associated to the New Convertible Senior Notes of $137,000 recorded for the three months ended June 30, 2011 compared to $50,000 for the three months ended June 30, 2010. This was offset by a positive accretion impact of $253,000 related to the fair value of the New Convertible Senior Notes.
Income tax (benefit) provision
An
income tax provision of $ 0.7 million was recorded in the three months
ended June 30, 2011, compared to a tax provision of $ 6.4 million
recognized for the three months ended June 30, 2010. This decrease is
due to the fact that in the same period last year, a higher provision
for income taxes was recorded due to the $15 million upfront payment
received by TEF from Hess under the Investment Agreement.
Discontinued operations
Sales
and other operating revenue from discontinued operations for the three
months ended June 30, 2011 amounted to $20,000. We recorded in
discontinued operations for the three months ended June 30, 2011 a loss
of $2.9 million as compared to a loss of $0.2 million for the same
period last year. This increase is due to the settlement payment for an
amount of $3.8 million on June 22, 2011, related to the settlement
agreement with Mr. Hunnisett and Mr. Barker in which they agreed to
release Toreador from all current and future claims. The $3.8 million
settlement amount was partially offset by the provision release booked
in prior periods for this matter in an amount of $0.9 million.
As a result of the above, for the three months ended June 30, 2011, the Company reported a loss available to common shares of $3.3 million, or $0.1 per diluted share, compared to a gain available to common shares of $6.3 million for the three months ended June 30, 2010, or $0.26 per diluted share.
FINANCIAL RESULTS FOR THE SIX MONTHS ENDED JUNE 30TH 2011
| (Unaudited) | Six Months Ended | |||||||||||||||
| June 30, | Change | Change | ||||||||||||||
| ($ million, except where noted) | 2011 | 2010 | (units) | (%) | ||||||||||||
| Revenue and other income | $ | 19.5 | $ | 26.5 | $ | (6.9) | -26% | |||||||||
| Sale and other operating revenue | $ | 16.7 | $ | 11.5 | $ | 5.2 | 44% | |||||||||
| Other income | $ | 2.9 | $ | 15.0 | $ | (12.1) | -81% | |||||||||
| Operating loss | $ | (1.2) | $ | 12.2 | $ | (13.4) | -110% | |||||||||
| Loss from discontinued operations | $ | (3.1) | $ | (0.8) | $ | (2.3) | 275% | |||||||||
| Loss available to common shares | $ | (8.5) | $ | (1.0) | $ | (7.5) | 716% | |||||||||
| Basic loss per share ($/share) - Cont. Ops | $ | (0.21) | $ | (0.01) | $ | (0.20) | 2513% | |||||||||
| Diluted loss per share ($/share) - Cont. Ops | $ | (0.21) | $ | (0.01) | $ | (0.20) | 2525% | |||||||||
| Capital expenditures | $ | 0.13 | $ | 0.11 | $ | 0.02 | 17% | |||||||||
| Production (MBbl) | 156.00 | 161.00 | (5.00) | -3% | ||||||||||||
| Average realized price ($/Bbl) | $ | 110.3 | $ | 73.4 | $ | 36.9 | 50% | |||||||||
Revenue
Sales and other operating revenue
Sales
and other operating revenue for the six months ended June 30, 2011 were
$16.7 million, as compared to $11.5 million for the six months ended
June 30, 2010. This increase is primarily due to the global increase in
oil prices, which led to an increase in the prices at which we sell our
oil from an average of $73.4 per barrel in the six months ended June 30,
2010 to an average of $110.3 per barrel in the six months ended June 30,
2011.
Other income
Other income
includes all exploration, salary and general and administrative costs
associated with TEF’s activities as operator of the exploration permits
in the Paris Basin, which TEF is entitled to invoice to Hess under the
Investment Agreement. For the six months ended June 30, 2011, $2.9
million was invoiced to Hess and recorded as "Other income” compared to
$15 million recorded during the six months ended June 30, 2010
consisting of the upfront payment of $15 million received from Hess
following the execution of the Investment Agreement.
Costs and expenses
Lease operating expense
Lease
operating expense was $6.1 million, or $38.95 per BOE produced, for the
six months ended June 30, 2011, as compared to $4.4 million, or $27.24
per BOE produced for the six months ended June 30, 2010.
This increase is mainly due to the reclassification of certain costs associated with particular properties and mainly incurred in connection with our existing oil production and conventional reservoirs development as lease operating expenses following the strategic partnership with Hess. In addition, lease operating expense for the six months ended June 30, 2011 also includes inventory turnover variation for an amount of $0.1 million.
Exploration expense
Exploration
expense for the six months ended June 30, 2011 was $0.8 million, as
compared to $1.1 million for the six months ended June 30, 2010. This
decrease is due primarily to lower expenses associated with geological
and technical studies the Company conducted and commissioned in
connection with the proof of concept project in the Paris Basin for the
six months ended June 30, 2011 as compared to same period last year.
Depreciation, depletion and amortization
Depreciation,
depletion and amortization for the six months ended June 30, 2011 was
$3.1 million compared to $1.7 million for the six months ended June 30,
2010. This increase is primarily due to the reduction at the end of 2010
of the estimated life of wells used for the depreciation, depletion and
amortization to comply with the legal maturity of our production
concessions.
Impairment of oil and gas properties
There
were no impairment charges for the six months ended June 30, 2011 and
2010.
General and administrative before stock
compensation expense
General and administrative expense,
excluding stock compensation expense, was $6.5 million for the six
months ended June 30, 2011 compared to $5.7 million for the six months
ended June 30, 2010. This increase is due to (i) higher professional and
legal fees in relation to the safeguarding of our exploration permits
during the public debate in France regarding the ban on hydraulic
fracturing and (ii) generation of external growth.
Stock compensation expense
Stock
compensation expense was $2.3 million for the six months ended June 30,
2011 compared to $2.2million for the six months ended June 30, 2010.
Stock compensation expense includes directors’ annual stock grant of
immediately vested shares in the amount of $450,000.
Loss on oil and gas derivative contracts
Loss
on oil and gas derivative contracts for the six months ended June 30,
2011 was $1.9 million as compared to a gain of $0.8 million for the six
months ended June 30, 2010. This amount consists of an unrealized gain
on the commodity derivative contracts with Vitol S.A as well as the
margin calls related to this contract with Vitol trading due to the
Dated Brent price being higher than the selling price of $91.00 per
barrel under the derivative contract. The unrealized gain on the oil
derivative contract for the six months ended June 30, 2011 and 2010
amounted to a loss of $0.7 million and a gain of $0.8 million
respectively. The margin calls for the six months ended June 30, 2011
amounted to an expense of $1.2 million compared to zero for the same
period last year.
Foreign currency exchange gain (loss)
We
recorded a loss on foreign currency exchange of $1.0 million for the six
months ended June 30, 2011 compared with a loss of $0.1 for the six
months ended June 30, 2010. This increase is mainly due to the weakening
of the U.S. dollar compared to the euro over the same period in 2011.
Interest expense, net of capitalized interest
Interest
expense, net of capitalized interest was $1.8 million for the six months
ended June 30, 2011, as compared to $1.7 million for the six months
ended June 30, 2010. The increase is mainly due to additional interest
payments relating to the New Convertible Senior Notes issued in
February 2010. Interest expense for the New Convertible Senior Notes was
$1.2 million for the six months ended June 30, 2011 as compared to $0.8
million for the six months ended June 30, 2010. Also included in
interest expense are expenses related to the amortization of issue
premium and debt issuance costs associated to the New Convertible Senior
Notes of $271,000 recorded for the six months ended June 30, 2011
compared to $98,000 for the six months ended June 30, 2010. These
expenses were offset by a $253,000 positive accretion impact related to
the fair value of the New Convertible Senior Notes.
Income tax (benefit) provision
An
income tax provision of $1.5 million was recorded in the six months
ended June 30, 2011, compared to a tax provision of $6.4 million
recognized for the six months ended June 30, 2010. This decrease is due
to the fact that in the same period last year, a higher provision for
income taxes was recorded due to the $15 million upfront payment
received by TEF from Hess under the Investment Agreement.
Discontinued operations
We
recorded in discontinued operations for the six months ended June 30,
2011 and 2010 a loss of $3.1 million and a loss of $0.8 million. This
increase is mainly due to the upfront settlement for an amount of $3.8
million on June 22, 2011, related to the settlement agreement with Mr.
Hunnisett and Mr. Barker in which they agreed to release Toreador from
all current and future claims. The $3.8 million settlement amount was
partially offset by the provision release booked in prior periods for
this matter in an amount of $0.9 million. Sales and other operating
revenue from discontinued operations for the six months ended, 2011
amounted to $38,000.
As a result of the above, for the six months ended June 30, 2011, the Company reported a loss available to common shares of $8.5 million, or $0.33 per diluted share, compared to a loss available to common shares of $1 million for the second ended 2010, or $0.04 per diluted share.
Production, Production Prices and Costs
The following table summarizes our oil production, net of royalties, for the periods indicated for France. It also summarizes calculations of our total average unit sales prices and unit costs
|
For the three months ended |
||||||
| 2011 | 2010 | |||||
| Production | ||||||
| Oil (Bbls) | 78,170 | 82,123 | ||||
| Daily average (Bbls/Day) | 869 | 912 | ||||
| Unit prices | ||||||
| Average oil price ($/Bbl) | $ | 116.69 | $ | 74.24 | ||
| Unit costs ($/BOE) | ||||||
| Lease operating | $ | 45.19 | $ | 38.21 | ||
| Exploration and acquisition* | 1.82 | 12.86 | ||||
| Depreciation, depletion and amortization | 21.86 | 8.19 | ||||
| Dry hole costs | - | - | ||||
| General and administrative | 53.14 | 35.19 | ||||
| Total | $ | 122.00 | $ | 94.45 | ||
|
For the Six Months Ended |
||||||
| 2011 | 2010 | |||||
| Production | ||||||
| Oil (Bbls) | 156,291 | 160,697 | ||||
| Daily average (Bbls/Day) | 868 | 893 | ||||
| Unit prices | ||||||
| Average oil price ($/Bbl) | $ | 110.26 | $ | 73.38 | ||
| Unit costs ($/BOE) | ||||||
| Lease operating | $ | 38.95 | $ | 27.24 | ||
| Exploration and acquisition* | 4.95 | 6.69 | ||||
| Depreciation, depletion and amortization | 20.14 | 10.44 | ||||
| Dry hole costs | - | - | ||||
| General and administrative | 56.30 | 49.13 | ||||
| Total | $ | 120.34 | $ | 93.50 | ||
* Exploration and acquisition expense are net of personal, general and administrative cost of Toreador Energy France as operator and invoiced to Hess under the Hess Investment Agreement.
CONFERENCE CALL
The Company has scheduled a conference call on Tuesday, August 9, 2011 at 12:00 p.m. Eastern, to discuss second quarter financial results and current operations. Mr. Craig M. McKenzie, President and Chief Executive Officer of the Company, will lead the conference call.
Approximately 10 minutes before the conference call, participants who wish to ask questions during the call should dial 1-800-884-5695 from within the U.S. or 001-617-786-2960 from outside the U.S. and provide the conference ID# 25908996 to access the call.
Those who wish only to listen to the live audio webcast may access the webcast via Toreador's internet home page at www.toreador.net by selecting the "Investor Relations" link on the home page and then selecting the "Conference Call" link, or click on this link to access the call http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=68298&eventID=4141569.
Those unable to participate in the live call may hear the rebroadcast for up to twelve months after the conference call at www.toreador.net by selecting the "Investor Relations" link on the home page and then selecting the "Conference Call" link. Phone replays of the call also will be available for 14 days after the call by dialing 1-888-286-8010 within the U.S. or 001-617-801-6888 from outside the U.S., Passcode 31277341.
Safe-Harbor Statement – Except for the historical information contained herein, the matters set forth in this news release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Toreador intends that all such statements be subject to the "safe-harbor" provisions of those Acts. Many important risks, factors and conditions may cause Toreador's actual results to differ materially from those discussed in any such forward-looking statement. These risks include, but are not limited to, estimates of reserves, estimates of production, future commodity prices, exchange rates, interest rates, geological and political risks, drilling risks, product demand, transportation restrictions, the ability of Toreador to obtain additional capital, and other risks and uncertainties described in the company's filings with the Securities and Exchange Commission. The historical results achieved by Toreador are not necessarily indicative of its future prospects. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Cautionary Note to Investors – The Securities and Exchange Commission ("SEC”) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this release, such a probable reserves and possible reserves, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. Investors are urged to also consider closely the disclosure in our most recent Form 10-K, available from use by calling (214) 559-3933. You can also obtain this form from the SEC at www.sec.gov.
ABOUT TOREADOR
Toreador Resources Corporation is an independent international energy company engaged in the acquisition, development, exploration and production of crude oil. The company holds interests in developed and undeveloped oil properties in France. More information about Toreador may be found at the company's web site, http://www.toreador.net.
APPENDIX 1: CONSOLIDATED BALANCE SHEETS
| June 30, | December 31, | ||||||||
| 2011 | 2010 | ||||||||
| (Unaudited) | |||||||||
| (In thousands except share and per share data) | |||||||||
| ASSETS | |||||||||
| Current assets: | |||||||||
|
Cash and cash equivalents |
$ | 6,577 | $ | 21,616 | |||||
|
Restricted cash |
1,501 | - | |||||||
|
Accounts receivable |
6,262 | 4,427 | |||||||
|
Income tax receivable |
- | - | |||||||
|
Other |
3,463 | 2,959 | |||||||
|
Total current assets |
17,803 | 29,002 | |||||||
| Oil properties | |||||||||
|
Oil properties, gross |
118,201 | 108,979 | |||||||
|
Accumulated depletion, depreciation and amortization |
(50,028) | (43,201) | |||||||
|
Oil properties, net |
68,173 | 65,778 | |||||||
| Investments | 200 | 200 | |||||||
| Goodwill | 3,986 | 3,685 | |||||||
| Other assets | 1,370 | 1,634 | |||||||
| Total assets | $ | 91,532 | $ | 100,299 | |||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||
| Current liabilities: | |||||||||
|
Accounts payable and accrued liabilities |
$ | 8,986 | $ | 11,890 | |||||
|
Deferred lease payable — current portion |
116 | 113 | |||||||
|
Derivatives |
2,066 | 1,330 | |||||||
|
Income taxes payable |
626 | 6,341 | |||||||
|
Total current liabilities |
11,794 | 19,674 | |||||||
| Long-term accrued liabilities | 108 | 348 | |||||||
| Deferred lease payable, net of current portion | 270 | 329 | |||||||
| Asset retirement obligations | 7,724 | 6,866 | |||||||
| Deferred income tax | 15,239 | 14,618 | |||||||
| Long-term debt | 33,928 | 34,394 | |||||||
|
Total liabilities |
69,063 | 76,229 | |||||||
| Stockholders' equity: | |||||||||
|
Common stock, $0.15625 par value, 50,000,000 shares authorized; |
4,070 | 4,039 | |||||||
|
Additional paid-in capital |
202,496 | 200,230 | |||||||
|
Accumulated deficit |
(194,579) | (186,068) | |||||||
|
Accumulated other comprehensive income |
13,016 | 8,403 | |||||||
|
Treasury stock at cost, 721,027 shares for 2010 and 2011 |
(2,534) | (2,534) | |||||||
|
Total stockholders' equity |
22,469 | 24,070 | |||||||
| Total liabilities and stockholders' equity | $ | 91,532 | $ | 100,299 | |||||
APPENDIX 2: CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
| Three Months Ended | |||||||||
| June 30, | |||||||||
| 2011 | 2010 | ||||||||
| (Unaudited) | |||||||||
| (In thousands, except per share data) | |||||||||
| Revenues and other income: | |||||||||
|
Sales and other operating revenue |
$ | 8,833 | $ | 5,946 | |||||
|
Other income |
1,520 | 15,000 | |||||||
|
Total revenues and other income |
10,353 | 20,946 | |||||||
| Operating costs and expenses: | |||||||||
|
Lease operating expense |
3,532 | 3,138 | |||||||
|
Exploration expense |
142 | 1,055 | |||||||
|
Depreciation, depletion and amortization |
1,709 | 673 | |||||||
|
Accretion on discounted assets and liabilities |
148 | 31 | |||||||
|
General and administrative |
4,154 | 2,837 | |||||||
|
Gain on oil derivative contracts |
(313) | (783) | |||||||
|
Total operating costs and expenses |
9,372 | 6,951 | |||||||
| Operating income | 981 | 13,995 | |||||||
| Other expense | |||||||||
|
Foreign currency exchange loss |
(266) | (83) | |||||||
|
Interest expense, net of interest capitalized |
(331) | (1,011) | |||||||
|
Total other expense |
(597) | (1,094) | |||||||
| Income before taxes from continuing operations | 384 | 12,901 | |||||||
| Income tax provision | 716 | 6,351 | |||||||
| Income (Loss) from continuing operations, net of income taxes | (332) | 6,550 | |||||||
| Loss from discontinued operations, net of income taxes | (2,919) | (247) | |||||||
| Net income (loss) available to common shares | $ | (3,251) | $ | 6,303 | |||||
|
Basic income (loss) available to common shares per share: |
|||||||||
|
From continuing operations, net of income taxes |
$ | (0.01) | $ | 0.27 | |||||
|
From discontinued operations, net of income taxes |
(0.11) | (0.01) | |||||||
|
Total basic income (loss) available to common shares per share: |
$ | (0.12) | $ | 0.26 | |||||
|
Diluted income (loss) available to common shares per share: |
|||||||||
|
From continuing operations, net of income taxes |
$ | (0.01) | $ | 0.27 | |||||
|
From discontinued operations, net of income taxes |
(0.11) | (0.01) | |||||||
|
Total diluted income (loss) available to common shares per share: |
$ | (0.12) | $ | 0.26 | |||||
| Weighted average shares outstanding: | |||||||||
| Basic | 25,988 | 24,640 | |||||||
| Diluted | 25,988 | 24,658 | |||||||
APPENDIX 3: CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME YTD
| Six Months Ended | |||||||||||
| June 30, | |||||||||||
| 2011 | 2010 | ||||||||||
| (Unaudited) | |||||||||||
| (In thousands, except per share data) | |||||||||||
| Revenues and other income: | |||||||||||
|
Sales and other operating revenue |
$ | 16,688 | $ | 11,456 | |||||||
|
Other income |
2,859 | 15,000 | |||||||||
|
Total revenues and other income |
19,547 | 26,456 | |||||||||
| Operating costs and expenses: | |||||||||||
|
Lease operating expense |
6,087 | 4,378 | |||||||||
|
Exploration expense |
774 | 1,075 | |||||||||
|
Depreciation, depletion and amortization |
3,148 | 1,677 | |||||||||
|
Accretion on discounted assets and liabilities |
36 | 87 | |||||||||
|
General and administrative |
8,800 | 7,842 | |||||||||
|
Loss (gain) on oil and gas derivative contracts |
1,944 | (814) | |||||||||
|
Total operating costs and expenses |
20,789 | 14,245 | |||||||||
| Operating income (loss) | (1,242) | 12,211 | |||||||||
| Other expense: | |||||||||||
|
Foreign currency exchange loss |
(965) | (77) | |||||||||
|
Loss on the early extinguishment of debt |
(4,256) | ||||||||||
|
Interest expense, net of interest capitalized |
(1,752) | (1,720) | |||||||||
|
Total other expense |
(2,717) | (6,053) | |||||||||
| Income (Loss) before taxes from continuing operations | (3,959) | 6,158 | |||||||||
| Income tax provision | 1,470 | 6,351 | |||||||||
| Loss from continuing operations, net of income taxes | (5,429) | (193) | |||||||||
| Loss from discontinued operations, net of income taxes | (3,082) | (822) | |||||||||
| Net loss available to common shares | $ | (8,511) | $ | (1,015) | |||||||
|
Basic loss available to common shares per share: |
|||||||||||
|
From continuing operations, net of income taxes |
$ | (0.21) | $ | (0.01) | |||||||
|
From discontinued operations, net of income taxes |
(0.12) | (0.03) | |||||||||
|
Total basic loss available to common shares per share: |
$ | (0.33) | $ | (0.04) | |||||||
|
Diluted loss available to common shares per share: |
|||||||||||
|
From continuing operations, net of income taxes |
$ | (0.21) | $ | (0.01) | |||||||
|
From continuing operations, net of income taxes |
(0.12) | (0.03) | |||||||||
|
Total diluted loss available to common shares per share: |
$ | (0.33) | $ | (0.04) | |||||||
| Weighted average shares outstanding: | |||||||||||
| Basic | 25,959 | 23,958 | |||||||||
| Diluted | 25,959 | 23,958 | |||||||||
| Geben Sie jetzt einen Kommentar zu diesem Artikel ab. |
| Keine Nachrichten im Zeitraum eines Jahres in dieser Kategorie verfügbar. Eventuell finden Sie Nachrichten, die älter als ein Jahr sind, im Archiv |
21.09.11 | Toreador to Present at IPAA?s OGIS Conference San Francisco - September 28, 2011 (Businesswire) |
21.09.11 | STENTYS Completes Enrollment of APPOSITION III Study for its Self-Apposing Stent to Treat Heart Attacks (Businesswire) |
06.09.11 | Toreador to Present at Rodman & Renshaw Conference September 12, 2011 (Businesswire) |
10.08.11 | Toreador to Present at EnerCom Denver August 15, 2011 (Businesswire) |
10.08.11 | Toreador and ZaZa Energy LLC Announce Merger to Create Resource-Focused Exploration and Production Company (Businesswire) |
09.08.11 | Toreador Announces Second Quarter 2011 Financial Results (Businesswire) |
05.08.11 | Toreador Second Quarter 2011 Earnings Conference Call on August 9, 2011 Moved to 12PM Eastern (Businesswire) |
05.08.11 | Energen Investment Community Meetings Slated for August 8-9-10 (Businesswire) |
21.09.11 | Toreador to Present at IPAA?s OGIS Conference San Francisco - September 28, 2011 (Businesswire) |
21.09.11 | STENTYS Completes Enrollment of APPOSITION III Study for its Self-Apposing Stent to Treat Heart Attacks (Businesswire) |
06.09.11 | Toreador to Present at Rodman & Renshaw Conference September 12, 2011 (Businesswire) |
10.08.11 | Toreador to Present at EnerCom Denver August 15, 2011 (Businesswire) |
10.08.11 | Toreador and ZaZa Energy LLC Announce Merger to Create Resource-Focused Exploration and Production Company (Businesswire) |
09.08.11 | Toreador Announces Second Quarter 2011 Financial Results (Businesswire) |
05.08.11 | Toreador Second Quarter 2011 Earnings Conference Call on August 9, 2011 Moved to 12PM Eastern (Businesswire) |
05.08.11 | Energen Investment Community Meetings Slated for August 8-9-10 (Businesswire) |
| Keine Nachrichten im Zeitraum eines Jahres in dieser Kategorie verfügbar. Eventuell finden Sie Nachrichten, die älter als ein Jahr sind, im Archiv |
| Keine Nachrichten im Zeitraum eines Jahres in dieser Kategorie verfügbar. Eventuell finden Sie Nachrichten, die älter als ein Jahr sind, im Archiv |
| Keine Nachrichten im Zeitraum eines Jahres in dieser Kategorie verfügbar. Eventuell finden Sie Nachrichten, die älter als ein Jahr sind, im Archiv |
21.09.11 | Toreador to Present at IPAA?s OGIS Conference San Francisco - September 28, 2011 (Businesswire) |
21.09.11 | STENTYS Completes Enrollment of APPOSITION III Study for its Self-Apposing Stent to Treat Heart Attacks (Businesswire) |
06.09.11 | Toreador to Present at Rodman & Renshaw Conference September 12, 2011 (Businesswire) |
10.08.11 | Toreador to Present at EnerCom Denver August 15, 2011 (Businesswire) |
10.08.11 | Toreador and ZaZa Energy LLC Announce Merger to Create Resource-Focused Exploration and Production Company (Businesswire) |
09.08.11 | Toreador Announces Second Quarter 2011 Financial Results (Businesswire) |
05.08.11 | Toreador Second Quarter 2011 Earnings Conference Call on August 9, 2011 Moved to 12PM Eastern (Businesswire) |
05.08.11 | Energen Investment Community Meetings Slated for August 8-9-10 (Businesswire) |
| Keine Nachrichten im Zeitraum eines Jahres in dieser Kategorie verfügbar. Eventuell finden Sie Nachrichten, die älter als ein Jahr sind, im Archiv |
21.09.11 | Toreador to Present at IPAA?s OGIS Conference San Francisco - September 28, 2011 (Businesswire) |
21.09.11 | STENTYS Completes Enrollment of APPOSITION III Study for its Self-Apposing Stent to Treat Heart Attacks (Businesswire) |
06.09.11 | Toreador to Present at Rodman & Renshaw Conference September 12, 2011 (Businesswire) |
10.08.11 | Toreador to Present at EnerCom Denver August 15, 2011 (Businesswire) |
10.08.11 | Toreador and ZaZa Energy LLC Announce Merger to Create Resource-Focused Exploration and Production Company (Businesswire) |
09.08.11 | Toreador Announces Second Quarter 2011 Financial Results (Businesswire) |
05.08.11 | Toreador Second Quarter 2011 Earnings Conference Call on August 9, 2011 Moved to 12PM Eastern (Businesswire) |
05.08.11 | Energen Investment Community Meetings Slated for August 8-9-10 (Businesswire) |
| Keine Nachrichten im Zeitraum eines Monats in dieser Kategorie verfügbar |
| Keine Nachrichten im Zeitraum eines Monats in dieser Kategorie verfügbar |
| Keine Nachrichten im Zeitraum eines Monats in dieser Kategorie verfügbar |
| Keine Nachrichten im Zeitraum eines Monats in dieser Kategorie verfügbar |
| Keine Nachrichten im Zeitraum eines Monats in dieser Kategorie verfügbar |
| Keine Nachrichten im Zeitraum eines Monats in dieser Kategorie verfügbar |
| Keine Nachrichten im Zeitraum eines Monats in dieser Kategorie verfügbar |
| Keine Nachrichten im Zeitraum eines Monats in dieser Kategorie verfügbar |
| Keine Nachrichten im Zeitraum eines Monats in dieser Kategorie verfügbar |
Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen
Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen
vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden
| 03.05.05 | Update Toreador Resources Corp.: Buy | Stanford Research |
| 03.05.05 | Update Toreador Resources Corp.: Buy | Stanford Research |
| Keine Nachrichten im Zeitraum eines Jahres in dieser Kategorie verfügbar. Eventuell finden Sie Nachrichten die älter als ein Jahr sind im Archiv |
| Keine Nachrichten im Zeitraum eines Jahres in dieser Kategorie verfügbar. Eventuell finden Sie Nachrichten die älter als ein Jahr sind im Archiv |
Alle: Alle Empfehlungen
Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"
| Keine Nachrichten gefunden. |
| Keine Nachrichten gefunden. |
| 21.05.2012 | Die wertvollsten Fußball-Klubs der Welt |
| 24.04.2012 | Die besten Chefs der Welt |
| 12.04.2012 | Welche DAX-Konzerne ihre Anleger überschütten |
| 23.04.2012 | Mit diesen Autos greifen die Deutschen in China an |
| 29.05.2012 | Geheime Einblicke in den Kommunismus |
