Toreador Resources Expands Romanian Acreage
Toreador expanded its international portfolio when the Romanian government awarded the company the Viperesti Block in exchange for a staged work commitment. Toreador is 100% owner and operator of the block that lies in an oil-rich region in east-central Romania in the southeastern foothills of the Carpathian Mountains.
Viperesti, which spans 324,000 acres, is surrounded by and on trend with many sizable oil fields to the southwest and northeast. The block is prospective in the Tertiary formations at depths ranging from 4,500-6,000 feet. During a five-year exploration period, Toreador plans to acquire and assimilate geological and geophysical data, analyze seismic information and re-enter one of several previously drilled wells on the block. Subsequently, Toreador could drill one or more exploration wells.