Offshore staff

DALLAS, Texas -- Toreador Resources Corp. and joint venture partners TPAO and Stratic Energy Corp. have begun gas sales from the South Akcakoca sub-basin in the Turkish Black Sea.

Initial production is from three wells on the Akkaya platform: Akkaya-1a, Akkaya-2, and Akkaya-3. The wells are producing 20 MMcf/d. The production rate from the three wells will be adjusted as the remaining two platforms in the first phase of production are brought online over the next few months, Toreador says.

When all three platforms are on full production, estimated to be in early 3Q 2007, the projected flow rate will be approximately 50 MMcf/d.

This production is the first ever from the Turkish Black Sea and adds significantly to Turkish domestic production of natural gas, Toreador says.

The production center was dedicated on May 20, with Turkish Energy Minister Hilmi Guler and former Foreign Minister Yasar Yakis officiating.

Toreador operates the field with 36.75% interest. TPAO, Turkey's national oil company, holds 51% interest, and Stratic Energy holds the remaining 12.25%.

5/23/2007