Table Of Contents
Key Information 1
Table Of Contents 2
List of Tables 4
List of Figures 4
Toreador Resources Corporation, Valuation and Financial Data 6
Toreador Resources Corporation, Share Price Performance 6
Share Price Performance, Q2, 2008-Q2, 2009 6
Toreador Resources Corporation, Key Valuation Metrics 7
Key Valuation Metrics, Q2, 2008-Q2, 2009 7
Toreador Resources Corporation, Key Financials Per Share 8
Key Financials Per Share, Q2, 2008-Q2, 2009 8
Toreador Resources Corporation, Key Financial Data 9
Key Financial Data, Q2, 2008-Q2, 2009 9
Key Financial Growth Rates, Q2, 2008-Q2, 2009 10
Key Profitability Ratios, Q2, 2008-Q2, 2009 11
Toreador Resources Corporation, Quarterly Results of Oil & Gas Operations Per BOE Produced 12
Results of Oil & Gas Operations Per BOE Produced, Q2, 2008-Q2, 2009 12
Results of Oil & Gas Operations Per BOE Growth Rates, Q2, 2008-Q2, 2009 12
Toreador Resources Corporation, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q2, 2008-Q2, 2009 13
Toreador Resources Corporation, Quarterly Production Trends 14
Toreador Resources CorporationTotal Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q2, 2008-Q2, 2009 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2008-Q2, 2009 15
Total Crude Oil and Natural Gas Production Per Share, Q2, 2008-Q2, 2009 16
Toreador Resources CorporationCrude Oil Production 17
Total Crude Oil Production Trend, Q2, 2008-Q2, 2009 17
Crude Oil Production, By Country/Region, Q2, 2008-Q2, 2009 18
Toreador Resources Corporation, Production and Reserves Trends 19
Total Oil and Gas, Reserves and Production 19
Total Crude Oil and Natural Gas Production and Reserves Trend, 2003-08 19
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2003-08 20
Total Crude Oil and Natural Gas Reserve Changes, 2003-08 21
Crude Oil/Liquids Production and Reserve 22
Crude Oil/Liquids Production and Reserve Trend, 2003-08 22
Crude Oil Production and Reserves By Country/Region, 2003-08 23
Crude Oil/Liquids Reserve Changes, 2003-08 24
Natural Gas Production and Reserve 25
Natural Gas Production and Reserve Trend, 2003-08 25
Natural Gas Production and Reserves, By Country/Region, 2003-08 26
Natural Gas Reserve Changes, 2003-08 27
Total Crude Oil and Natural Gas Reserves Life Index 28
Total Crude Oil and Natural Gas Reserves Life Index, 2003-08 28
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2003-08 29
Toreador Resources Corporation, E&P Costs Trends 31
Allocation of the Upstream Capital Expenditure 31
Upstream Capital Expenditure, 2003-08 31
Acquisition Costs By Country/Region, 2003-08 31
Exploration and Development Costs, By Country/Region, 2003-08 32
Oil and Gas Cost Per Boe, $/boe 33
Oil and Gas Cost Per Boe, $/boe, 2003-08 33
Oil and Gas Cost Per Boe, $/boe, By Country/Region, 2003-08 34
Toreador Resources Corporation, Reserve Replacement Ratio 36
Oil and Gas Production Replacement Ratio 36
Oil and Gas Production Replacement Ratio, 2003-08 36
Oil and Gas Production Replacement Ratio, By Country/Region, 2003-08 38
Toreador Resources Corporation, Results of Oil & Gas Operations Trend 42
Oil and Gas Revenue and Expenses 42
Oil and Gas Revenue and Expenses, 2003-08 42
Oil and Gas Revenue and Expenses, By Country/Region, 2003-08 43
Oil and Gas Revenue and Expenses, Per Boe 48
Oil and Gas Revenue and Expenses, By Boe, 2003-08 48
Oil and Gas Revenue and Expenses Per Boe, By Country/Region, 2003-08 49
Oil and Gas Performance Metrics 53
Toreador Resources Corporation, Land Holdings and Well Data 54
Developed and Undeveloped Acreage 54
Gross and Net Developed and Undeveloped Acreage, 2003-08 54
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2003-08 55
Well Statistics 58
Producible Oil and Gas Well, 2003-08 58
Producible Oil and Gas Well, By Country/Region, 2003-08 59
Exploration and Development Wells Drilled, 2003-08 64
Exploration and Development Wells Drilled, By Country/Region, 2003-08 65
Developed Reserves per Well, Oil (Mbbls per Well), Gas (MMcf per Well), Oil & Gas (Mboe per Well), 2003-08 66
Developed Reserves per Well, By Country/Region, 2003-08 67
Appendix 69
Methodology 69
Coverage 69
Secondary Research 70
Primary Research 70
Expert Panel Validation 70
Definition 70
Oil and Gas Reserves 71
Acreage and Well Information 71
Cost Incurred in Oil and Gas Operations 71
Reserves Replacement Ratio 74
Results of Oil & Gas Operations 75
Results of Oil & Gas Operations Per BOE Produced 77
Net Debt / Cash Flow 79
Market Capitalization 79
EV / EBITDA 79
EV/DACF (Debt Adjusted Cash Flow Multiple) 79
EV/Production 79
EV/Proved Reserve 79
Enterprise Value 79
EBITDA / Share (Diluted) 79
Price / Annualized CFPS 79
Price / Annualized EPS (P/E Ratio) 79
Shares Outstanding (Basic) 79
Shares Outstanding (Diluted) 79
Shares Outstanding 79
Stock Price-to-Cash Flow (at year-end) 80
Stock Price-to-Cash Flow (Quarter-end) 80
Stock Price-to-Net Income (at year-end) 80
Stock Price-to-Net Income (Quarter-end) 80
Stock Price-to-Revenue (at year-end) 80
Stock Price-to-Revenue (Quarter-end) 80
Debt / EV 80
Avg. Net Debt / Boed 80
Capex / Cash Flow 80
Unit Of Measure 80
Disclosure information 80
List of Tables
Toreador Resources Corporation, Key Facts 1
Toreador Resources Corporation, Share Price Performance, Q2, 2008-Q2, 2009 6
Toreador Resources Corporation, Key Valuation Metrics, Q2, 2008-Q2, 2009 7
Toreador Resources Corporation, Key Financials Per Share, Q2, 2008-Q2, 2009 8
Toreador Resources Corporation, Key Financials Per Share Growth Rates, Q2, 2008-Q2, 2009 8
Toreador Resources Corporation, Key Financial Data, $ Million, Q2, 2008-Q2, 2009 9
Toreador Resources Corporation, Key Financial Growth Rates, %, Q2, 2008-Q2, 2009 10
Toreador Resources Corporation, Key Profitability Ratios, %, Q2, 2008-Q2, 2009 11
Toreador Resources Corporation, Results of Oil & Gas Operations Per BOE Produced, $/boe, Q2, 2008-Q2, 2009 12
Toreador Resources Corporation, Results of Oil & Gas Operations Per BOE Growth Rates, %, Q2, 2008-Q2, 2009 12
Toreador Resources Corporation, Upstream Capital Expenditure, Q2, 2008-Q2, 2009 13
Toreador Resources Corporation, Total Crude Oil and Natural Gas, Production, Q2, 2008-Q2, 2009 14
Toreador Resources Corporation, Total Oil & Gas Production, By Country/Region, MMBOE, Q2, 2008-Q2, 2009 15
Toreador Resources Corporation, Total Crude Oil and Natural Gas Production Per Share, Q2, 2008-Q2, 2009 16
Toreador Resources Corporation, Total Crude Oil Production, MMbbl, Q2, 2008-Q2, 2009 17
Toreador Resources Corporation, Crude Oil Production, By Country/Region, MMbbl, Q2, 2008-Q2, 2009 18
Toreador Resources Corporation, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2003-08 19
Toreador Resources Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2003-08 20
Toreador Resources Corporation, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2003-08 21
Toreador Resources Corporation, Crude Oil Production and Reserves Metrics, MMbbl, 2003-08 22
Toreador Resources Corporation, Crude Oil Production and Reserves, By Country/Region, MMbbl, 2003-08 23
Toreador Resources Corporation, Crude Oil Reserve Changes, MMbbl, 2003-08 24
Toreador Resources Corporation, Natural Gas Production and Reserves Metrics, Bcf, 2003-08 25
Toreador Resources Corporation, Natural Gas Production and Reserves, By Country/Region, Bcf, 2003-08 26
Toreador Resources Corporation, Natural Gas Reserve Changes, Bcf, 2003-08 27
Toreador Resources Corporation, Oil and Gas Reserves Life Index, Years, 2003-08 28
Toreador Resources Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2003-08 30
Toreador Resources Corporation, Upstream Capital Expenditure, $ Million, 2003-08 31
Toreador Resources Corporation, Proved and Unproved Acquisition Costs, By Country/Region, $ Million, 2003-08 31
Toreador Resources Corporation, Exploration and Development Costs, By Country/Region, $ Million, 2003-08 32
Toreador Resources Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per Boe, $/boe, 2003-08 33
Toreador Resources Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per Boe, $/boe, By Country/Region, 2003-08 35
Toreador Resources Corporation, Oil and Gas Production Replacement Ratio, %, 2003-08 36
Toreador Resources Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2003-08 41
Toreador Resources Corporation, Revenue and Expenses, $ Million, 2003-08 42
Toreador Resources Corporation, Revenue and Expenses, By Country/Region, $ Million, 2003-08 47
Toreador Resources Corporation, Oil and Gas Revenue and Expenses, $/Boe, 2003-08 48
Toreador Resources Corporation, Oil and Gas Revenue and Expenses, $/Boe, By Country/Region, 2003-08 52
Toreador Resources Corporation, Oil and Gas Performance Metrics, 2003-08 53
Toreador Resources Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2003-08 54
Toreador Resources Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2003-08 57
Toreador Resources Corporation, Producible Oil and Gas Wells, 2003-08 58
Toreador Resources Corporation, Producible Oil and Gas Wells, By Country/Region, 2003-08 62
Toreador Resources Corporation, Exploratory and Developed Wells, 2003-08 64
Toreador Resources Corporation, Exploratory and Developed Wells, By Country/Region, 2003-08 65
Toreador Resources Corporation, Developed Reserves per Well, Oil (Mbbls per Well), Gas (MMcf per Well), Oil & Gas (Mboe per Well), 2003-08 66
Toreador Resources Corporation, Developed Reserves per Well, By Country/Region, Mboe per Well, 2003-08 68
List of Figures
Toreador Resources Corporation, Share Price Performance, USD/Share, Q2, 2008-Q2, 2009 1
Toreador Resources Corporation, Key Valuation Metrics, EV/Production ($/Boed), EV/Proved Reserve ($/MMboe), Q2, 2008-Q2, 2009 1
Toreador Resources Corporation, Share Price Performance, USD/Share, Q2, 2008-Q2, 2009 6
Toreador Resources Corporation, Key Valuation Metrics, EV/Production ($/Boed), EV/Proved Reserve ($/MMboe), Q2, 2008-Q2, 2009 7
Toreador Resources Corporation, Results of Oil & Gas Operations Per BOE Produced, $/boe, Q2, 2008-Q2, 2009 12
Toreador Resources Corporation, Upstream Capital Expenditure, $ Million, Q2, 2008-Q2, 2009 13
Toreador Resources Corporation, Total Crude Oil and Natural Gas, Production, MMboe, Q2, 2008-Q2, 2009 14
Toreador Resources Corporation, Total Oil & Gas Production, By Country/Region, MMBOE, Q2, 2008-Q2, 2009 15
Toreador Resources Corporation, Total Crude Oil and Natural Gas Production Per Share, Boe/Share, Q2, 2008-Q2, 2009 16
Toreador Resources Corporation, Total Crude Oil Production, MMbbl, Q2, 2008-Q2, 2009 17
Toreador Resources Corporation, Crude Oil Production, By Country/Region, MMbbl, Q2, 2008-Q2, 2009 18
Toreador Resources Corporation, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2003-08 19
Toreador Resources Corporation, Total Oil & Gas Production (MMboe), By Country/Region, MMBOE, 2003-08 20
Toreador Resources Corporation, Total Proved Oil & Gas Reserves, By Country/Region, MMBOE, 2003-08 20
Toreador Resources Corporation, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2008 21
Toreador Resources Corporation, Crude Oil Production and Reserves Metrics, MMbbl, 2003-08 22
Toreador Resources Corporation, Oil Production, By Country/Region, MMbbl, 2003-08 23
Toreador Resources Corporation, Total Proved Oil Reserves, By Country/Region, MMbbl, 2003-08 23
Toreador Resources Corporation, Crude Oil Reserve Changes, MMbbl, 2008 24
Toreador Resources Corporation, Natural Gas Production and Reserves Metrics, Bcf, 2003-08 25
Toreador Resources Corporation, Gas Production, By Country/Region, Bcf, 2003-08 26
Toreador Resources Corporation, Total Proved Gas Reserves, By Country/Region, Bcf, 2003-08 26
Toreador Resources Corporation, Natural Gas Reserve Changes, Bcf, 2008 27
Toreador Resources Corporation, Oil and Gas Reserves Life Index, Years, 2003-08 28
Toreador Resources Corporation, Gas Reserve Life Index, By Country/Region, Years, 2003-08 29
Toreador Resources Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2003-08 29
Toreador Resources Corporation, Oil Reserve Life Index, By Country/Region, Years, 2003-08 30
Toreador Resources Corporation, Upstream Capital Expenditure, $ Million, 2003-08 31
Toreador Resources Corporation, Development Costs, By Country/Region, $ Million, 2003-08 32
Toreador Resources Corporation, Exploration Costs, By Country/Region, $ Million, 2003-08 32
Toreador Resources Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per Boe, $/boe, 2003-08 33
Toreador Resources Corporation, 3-Year Wt. Avg. Oil & Gas Finding & Development Cost per boe, By Country/Region, $/BOE, 2003-08 34
Toreador Resources Corporation, 3-Year Wt. Avg. Oil & Gas Finding Cost per boe, By Country/Region, $/BOE, 2003-08 34
Toreador Resources Corporation, 3-Year Wt. Avg. Reserve Replacement Cost per boe, By Country/Region, $/BOE, 2003-08 35
Toreador Resources Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2003-08 36
Toreador Resources Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2003-08 38
Toreador Resources Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2003-08 38
Toreador Resources Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2003-08 39
Toreador Resources Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2003-08 39
Toreador Resources Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2003-08 40
Toreador Resources Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2003-08 40
Toreador Resources Corporation, Revenue and Expenses, $ Million, 2003-08 42
Toreador Resources Corporation, Depreciation, Depletion & Amortization , By Country/Region, $ Million, 2003-08 43
Toreador Resources Corporation, Exploration Expenses, By Country/Region, $ Million, 2003-08 43
Toreador Resources Corporation, Income Tax/(Benefit), By Country/Region, $ Million, 2003-08 44
Toreador Resources Corporation, Net Income/ Loss, By Country/Region, $ Million, 2003-08 44
Toreador Resources Corporation, Oil & Gas Revenue, By Country/Region, $ Million, 2003-08 45
Toreador Resources Corporation, Pre-tax Profit, By Country/Region, $ Million, 2003-08 45
Toreador Resources Corporation, Production Expenses, By Country/Region, $ Million, 2003-08 46
Toreador Resources Corporation, Total Expenses, By Country/Region, $ Million, 2003-08 46
Toreador Resources Corporation, Oil and Gas Revenue and Expenses, $/Boe, 2003-08 48
Toreador Resources Corporation, Exploration Expenses per boe, By Country/Region, $/BOE, 2003-08 49
Toreador Resources Corporation, Income Tax/(Benefit) per boe, By Country/Region, $/BOE, 2003-08 49
Toreador Resources Corporation, Lifting Cost per boe, By Country/Region, $/BOE, 2003-08 50
Toreador Resources Corporation, Annual Net Income per boe, By Country/Region, $/BOE, 2003-08 50
Toreador Resources Corporation, Oil & Gas Revenue per boe, By Country/Region, $/BOE, 2003-08 51
Toreador Resources Corporation, Total DD&A per boe, By Country/Region, $/BOE, 2003-08 51
Toreador Resources Corporation, Total Revenue per boe, By Country/Region, $/BOE, 2003-08 52
Toreador Resources Corporation, Oil and Gas Performance Metrics, 2003-08 53
Toreador Resources Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2003-08 54
Toreador Resources Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2003-08 55
Toreador Resources Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2003-08 55
Toreador Resources Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2003-08 56
Toreador Resources Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2003-08 56
Toreador Resources Corporation, Producible Oil and Gas Wells, 2003-08 58
Toreador Resources Corporation, Gross Producible Gas Wells, By Country/Region, Number, 2003-08 59
Toreador Resources Corporation, Gross Producible Oil & Gas Wells, By Country/Region, Number, 2003-08 59
Toreador Resources Corporation, Gross Producible Oil Wells, By Country/Region, Number, 2003-08 60
Toreador Resources Corporation, Net Producible Gas Wells, By Country/Region, Number, 2003-08 61
Toreador Resources Corporation, Net Producible Oil & Gas Wells, By Country/Region, Number, 2003-08 61
Toreador Resources Corporation, Net Producible Oil Wells, By Country/Region, Number, 2003-08 62
Toreador Resources Corporation, Exploratory and Developed Wells, 2003-08 64
Toreador Resources Corporation, Developed Gas Reserves per Well (MMcf per Well), By Country/Region, 2003-08 67
Toreador Resources Corporation, Developed Oil & Gas Reserves per Well (Mboe per Well), By Country/Region, 2003-08 67
Toreador Resources Corporation, Developed Oil Reserves per Well (Mbbls per Well), By Country/Region, 2003-08 68
GlobalData Methodology 69