OGJ Top 10 Independents-No. 7: Toreador Resources seeks out non-US exploration targets for growth

Toreador Resources Corp., Dallas, primarily sees itself as a manager of its portfolio of 1.4 million net mineral acres in the US, although it envisions expanding its exploration program overseas.The current makeup of the Toreador board and management team stems from a strategic restructuring in 1997-98. Thereafter, Toreador has spent almost $30 million in a 2-year period on four separate transactions."In a lot of ways, 1999 was really the first full year of business for this new management team," said Thomas Graves, president and CEO. "The strategy that we laid out for our board was to be an acquirer, to build a base, to become an explorerellipse.We're now at the point, where subject ...

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