Toreador has granted Morgan Keegan & Company, Inc., the underwriter of the offering, a 30-day option to purchase up to 187,500 additional shares of common stock solely to cover over-allotments, if any, in connection with the offering.
Toreador intends to use the net proceeds from the offering for general corporate purposes, including funding its 2005 capital expenditure budget.
A prospectus related to the public offering will be filed with the Securities and Exchange Commission. When available, copies of the prospectus may be obtained by contacting Morgan Keegan & Company, Inc., 50 North Front Street, Memphis, Tennessee 38103, 901-529-5357 or 800-366-7426.
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