Regulatory News:
Toreador Resources Corporation (NASDAQ:TRGL) (Paris:TOR) today commented
on the interim report on the economic, social and environmental impact
of unconventional hydrocarbon exploration and development in France -- a
study undertaken by the General Council of Industry, Energy and
Technology (CGIET) and the General Council on the Environment and
Sustainable Development (CGEED) per the instruction of the Ministry of
Environment and the Ministry of Energy.
The report is available at: http://www.developpement-durable.gouv.fr/IMG/pdf/Rapport_provisoire_sans_annexe.pdf
Craig McKenzie, President and CEO of Toreador, said, "Toreador welcomes
the interim report produced by the CGIET and the CGEDD regarding
unconventional hydrocarbon activities in France. We believe this report,
assembled in partnership with national and regional elected officials,
enterprises, industry and environmental associations and academics, will
help inform the upcoming parliamentary debate about unconventional
exploration on May 10, 2011. As part of the report, we welcome the
intention to allow regulated and supervised unconventional exploration.”
Continued McKenzie, "As a longstanding, established operator in France,
we will continue to interact with the government and local communities
in which we operate and we look forward to the opportunity to play a
part in realizing the positive economic and social benefits that oil
exploration in the Paris Basin would have for France.”
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. The company’s website, www.toreador.net,
provides more information about Toreador.
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, actual recoveries of insurance
proceeds, 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.
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