Regulatory News:
Toreador Resources Corporation (NASDAQ: TRGL)(Paris:TOR) today announced
that the French Autorité des Marchés Financiers approved on December 13,
2010 the Company’s prospectus for admission of its common stock to
listing and trading on the Professional Segment of NYSE Euronext in
Paris ("Euronext”).
Toreador’s common stock will continue to trade on the NASDAQ Global
Market under the ticker symbol "TRGL,” and Toreador’s common stock will
begin trading on Euronext in Paris under the ticker symbol "TOR” on
December 17, 2010, and trading will be conducted in Euros. The secondary
listing announced today will not alter Toreador’s share count or capital
structure.
Craig McKenzie, President and CEO of Toreador, said "Through a
cross-listing on the Euronext and NASDAQ exchanges, we are offering
European investors increased accessibility to Toreador while improving
the liquidity of Toreador’s shares. Having moved our headquarters from
Dallas, Texas to Paris, France in June 2009 and successfully
restructuring our portfolio to focus on the Paris Basin shale oil, this
secondary listing is the next logical step in our effort to create a
European-focused E&P company. ”
On December 13, 2010, Euronext Paris S.A.'s Board of Directors has
approved Toreador’s application for listing and trading of its common
stock on Euronext, and the AMF has granted visa number 10-435, dated
December 13, 2010, on the prospectus. This prospectus has been prepared
by Toreador Resources, and its signatories accept the responsibility for
its contents. The attention of investors is drawn to the risk factors
described in the prospectus. Copies of this prospectus may be obtained
free of charge from Toreador Resources Corporation, 9 rue Scribe, 75009
Paris France. The prospectus is also available on the websites of
Toreador (www.toreador.net)
and the AMF (www.amf-france.org).
ABOUT TOREADOR
Toreador Resources Corporation is an independent international energy
company engaged in the acquisition, development, exploration and
production of natural gas and 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.
