Also Amromco Glee Live has agreed to obtain an extension
January 19, 2010 # 4:27 am # Vitality # No CommentAlso, Amromco unveils has agreed 3000 live states to obtain an extension on the permit before theApril 2009 expiration date and drill a 1,500 meter deep well on or before thebeginning of 2011 or pay Toreador a non-performance penalty. In the company`s Fauresti Field, Lotus Petroleum (based in Romania) has agreedto assume the liability for an approximately $1.25 million work commitment andfuture environmental and abandonment liabilities as well as provide Toreador a12.5% overriding net production interest in return for ownership of the fieldassets and transfer of petroleum rights in the field. In addition, Lotus hasagreed to assume Toreador`s 30% working interest in the Moinesti explorationblock by providing Toreador a 12.5% overriding net production interest fromLotus` working interest. The effective date of these three transactions will be as of December 31, 2008.The transactions are subject to Romanian government approval, which is expectedto be received in the first quarter of 2009. Upon completion of thetransactions, Toreador will close its Romanian office and thus eliminate generaland administrative expenses aggregating approximately $500 thousand on an annualbasis.
The Company also announced today that in Hungary, the BaE-1 well, which istesting the deep unconventional Tompa gas play in the Kiskunhalas trough, hasbeen delayed to an expected start date in early February due to rig availabilityissues . The drilling contractor has informed us that mobilization to ourlocation should occur sometime in late January 2009, once additionalunanticipated work has been completed on the rig`s current location for anothercustomer 8 live . ABOUT TOREADORToreador Resources Corporation is an independent international energy companyengaged in the acquisition, development, exploration and production of naturalgas, crude oil and other income-producing minerals beta live . The company holds interestsin developed and undeveloped oil and gas properties in France, Turkey, Romaniaand Hungary bran van 3000 glee . More information about Toreador may be found at the company’s website, 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, andSection 21E of the Securities Exchange Act of 1934, as amended.Toreador intendsthat all such statements be subject to the “safe-harbor” provisions of thoseActs.Many important risks, factors and conditions may cause Toreador`s actualresults to differ materially from those discussed in any such forward-lookingstatement.These risks include, but are not limited to, whether the Romaniantransactions described above are completedin accordance with their terms,whether the BaE-1 well is drilled, and whether the transaction to sell a 26.75%interest in the South Akcakoca Sub-basin is completed on the terms contemplated,and other risks and uncertainties described in the company’s filings with theSecurities and Exchange Commission.
The historical results achieved by Toreadorare not necessarily indicative of its future prospects . The company undertakesno obligation to publicly update or revise any forward-looking statements,whether as a result of new information, future events or otherwise.Toreador ResourcesArnie McFalls, Controller, 214-559-3933 or Copyright Business Wire 2009 bran van glee . The Panthers received good news Tuesday that goalie Tomas Vokoun suffered no internal or neurological damage when hit with a teammate’s stick Monday evening in Atlanta cd live . Vokoun, who left Monday’s game in the first period after getting hit accidentally by the stick of defensemen Keith Ballard, stopped at the team’s training facility at incredible ICE and was “in great spirits other than a sore ear,” said GM Randy Sexton.Coach Peter DeBoar said he doesn’t see Vokoun, who received 10 stitches in his ear, being out very long.“Whenever he can get a helmet (mask) on I think he’ll play . That’s kind of (the talk) around the dressing room here and amongst our training staff,” DeBoer said. “It’s in an uncomfortable spot to put a goalie mask on.

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