Toreador Closes Transaction with Tiway Oil

Toreador Resources has completed its sale of Toreador Turkey Ltd. to Tiway Oil, a private Norwegian energy company, as announced on October 1, 2009, for a total consideration of US $10.6 million paid at closing plus exploration success payments of up to $40 million plus contingent future net profit payments. The transaction results in a financial gain of approximately $21.2 million, which will be recorded in the third quarter of 2009.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Sr. Project Manager
Expertise: Project Engineer|Project Management
Location: Odessa, 
Administrative Assistant IV
Expertise: Executive|Secretarial or Administrative
Location: Houston, TX
US Houston: Account Rep, Bus Dev
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours