Past year: ▼ 94%(15.0c – 2.52 USD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Jan 2002business combination▲ GoodMajor
Toreador completed its merger with Madison Oil on December 31, 2001. Madison shareholders received 3,101,544 Toreador shares, with a right to up to 3,000,000 more shares or cash, and Madison became a wholly-owned subsidiary with three of its directors joining Toreador's board.
3 Dec 2001business combination● Neutral
Toreador filed Amendment No. 4 to the Madison merger registration statement. The joint proxy/prospectus is now dated December 3, 2001 and is to be first mailed to holders around December 6, 2001, for special meetings still set for December 31, 2001. Terms are unchanged: 0.118 Toreador share per Madison share plus the later Turkish capital-return right, up to 6,800,000 new Toreador shares, and the 500,000-share 2002 Stock Option Plan. Pro forma reserves remain 15.0 million barrels of oil equivalent at September 30, 2001, and the Madison holders already committed to vote yes are stated as about 51%. Toreador holders still have no appraisal rights. This continues the merger process; the filing text is truncated, so other changes cannot be confirmed.
30 Nov 2001business combination● Neutral
Toreador filed Amendment No. 3 to the Madison merger registration statement. Merger terms, reserves and the December 31, 2001 meeting date are unchanged; the one visible difference is that the share of Madison stock already committed to vote for the merger is stated as about 51% instead of 52%. The filing text is truncated, so other changes cannot be confirmed.
29 Nov 2001business combination● Neutral
Toreador filed Amendment No. 2 to the Madison merger registration statement, one day after the last one. The visible text shows only a new document date (November 29, 2001); the terms, reserve figures and December 31, 2001 meeting date match Amendment No. 1. The filing text is truncated, so any other changes cannot be confirmed.
28 Nov 2001business combination● Neutral
Toreador amended the merger registration statement (Amendment No. 1). Pro forma reserves are updated to 15.0 million barrels of oil equivalent at September 30, 2001, down from the 15.34 million at July 1, 2001 in the original filing. The shareholder meetings for both companies are moved from December 12 to December 31, 2001. The merger terms (0.118 Toreador share per Madison share) are unchanged.
26 Oct 2001business combination● NeutralMajor
Toreador filed the registration statement and joint proxy for the Madison Oil merger it agreed on October 3, 2001. Madison holders would get 0.118 of a Toreador share per Madison share, plus a right to later shares or cash tied to any return of capital Toreador receives under Turkish petroleum regulations. Toreador is registering up to 6,800,000 new shares, so existing holders would be diluted by that issuance, and are asked to approve it and a 2002 Stock Option Plan (500,000 shares) at a special meeting set for December 12, 2001. Toreador holders have no appraisal rights. This continues the merger announced on 2001-10-09.
9 Oct 2001business combination▲ GoodMajor
Toreador agreed to merge with Madison Oil Company, creating an international exploration and production company with a pro forma enterprise value of about $100 million and proved reserves of 15.28 million barrels of oil equivalent. The combined company would operate in the US, France, Turkey and Trinidad.
7 May 2001asset acquisition disposition● Neutral
Toreador bought oil and gas working interests in Meade County, Kansas from Fremont Exploration for $4.2 million, funded with cash and a bank loan.
2 Oct 2000asset acquisition disposition▲ GoodMajor
Toreador's acquisition subsidiary merged with Texona Petroleum, issuing 1.1 million Toreador shares for Texona's interests in nearly 1,000 wells across 12 states.
5 June 2000listing compliance notice▼ BadMajor
TOREADOR RESOURCES CORP deregistered its securities, ending its obligation to file reports with the SEC.
