Special Shareholder Meeting

Toreador Resources Corp., Special/Extraordinary Shareholders Meeting, Feb 15, 2012., at 11:02 Central Standard Time. Location: The St. Regis Houston. Agenda: To consider and vote upon a proposal to adopt the merger agreement.

Toreador Resources Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2011. For the quarter, total revenues and other income was $8,423,000 against $6,563,000 a year ago. This increase is primarily due to the rise in global oil prices over the period, which led to an increase in the prices at which sell its oil from an average of $77.67 per barrel in the three months ended September 30, 2010 to an average of $107.11 per barrel in the three months ended September 30, 2011. This increase was offset by a slightly lower production, decreasing from 81 MBbls in the three months ended September 30, 2010 to 78 MBbls in the three months ended September 30, 2011. Operating loss was $1,380,000 against operating income of $635,000 a year ago. Loss before taxes from continuing operations was $1,986,000 against $3,270,000 a year ago. Loss from continuing operations, net of income taxes was $2,697,000 or $0.10 per basic and diluted share against $2,604,000 or $0.11 per basic and diluted share a year ago. Net loss available to common shares was $2,818,000 or $0.10 per basic and diluted share against $2,894,000 or $0.12 per basic and diluted share a year ago. For the nine months, total revenues and other income was $27,970,000 against $33,020,000 a year ago. Operating loss was $3,242,000 against operating income $12,846,000 a year ago. Loss before taxes from continuing operations was $5,943,000 against income before taxes from continuing operations of $2,888,000 a year ago. Loss from continuing operations, net of income taxes was $8,124,000 or $0.31 per basic and diluted share against $2,795,000 or $0.12 per basic and diluted share a year ago. Net loss available to common shares was $11,327,000 or $0.43 per basic and diluted share against $3,908,000 or $0.17 per basic and diluted share a year ago.