Toreador Resources Corporation (NASDAQ:TRGL) has released the financial results for its fourth quarter and full year 2009, showing total revenue of $19.2 million for the year. The company’s total costs and expenses for the year were $35.4 million. The company reported loss from discontinued operations of $10.1 million. It’s net loss available to common shares was reported as $25.4 million.
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Toreador’s production for 2009 was at 328 mboe. The company’s capital expenditures totaled $7.1 million for the year. It’s year-end cash and cash equivalents balance were also reported as $8.7 million. The full financial report is available for review online at http://www.toreador.net/ on the investor relations page.
Toreador Resources Corporation (Toreador) is an independent international energy company engaged in oil and natural gas exploration, development, production and acquisition activities. The Company is primarily focused on its core areas in France and Hungary. Toreador hold interests in permits granting it the right to explore and develop oil and natural gas properties in offshore and onshore Turkey, Hungary and France. As of December 31, 2008, it held interests in approximately 5.9 million gross acres and approximately 4.2 million net acres, of which 99.4% is undeveloped. As of December 31, 2008, its estimated net proved reserves were 7.6 million barrels of oil equivalent (MMBOE). Its operations are concentrated in the Paris Basin in France and in south central onshore Turkey and offshore Turkey in the Black Sea. During the year ended December 31, 2008, the Company farmed out all of its working interest in Romania.
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