Toreador Resources Corporation provides an operations and corporate update on its activities.

The consolidation and relocation of Toreador’s corporate center functions to its Paris operations office is now complete.

To secure a portion of its cash flows, Toreador has entered into a cashless collar for 600 bbls per day of its approximate 1,000 bbls of oil per day of oil production in France. The contract term is July through December 2009. The strike price for the put contract is $65 per bbl and the strike price for the call contract is $77 per bbl.

At the outset of 2009, Toreador’s capital budget was reduced to $6.38 million. This includes the costs of its high-impact well in the western Black Sea, Durusu-1, in which Toreador holds a 25% working interest, will be drilled in partnership with HEMA Energy 33%, Sherritt Oil and Gas Limited 21% and Soeul City Gas 21%. Durusu-1, a 125 bcf potential prospect, is now scheduled to spud in the coming week after a delayed arrival of the rig.

The Company is also working to expedite the spud of its La Garenne well in France before year-end. Total cost for the La Garenne well is expected to be approximately $2.3 million, of which $0.4 million may be spent in 2009. The well will test a 1.5-7.5 million barrel potential prospect, updip of known, produced oil.

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