Toreador Resources Corporation

IPAA OGIS LondonJuly 11, 2007

2

Safe-Harbor Statement

Except for the historical information contained herein, the matters set forth in this presentation are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company intends that all such statements be subject to the “safe-harbor” provisions of those acts. Many important risks, factors and conditions may cause the company’s actual results to differ materially from those discussed in any such forward-looking statement. These risks include, but are not limited to, estimates or forecasts of reserves, estimates or forecasts of production, future commodity prices, exchange rates, interest rates, geological and political risks, drilling risks, product demand, transportation restrictions, the ability of Toreador to obtain additional capital, and other risks and uncertainties described in the company’s filings with the Securities and Exchange Commission. The historical results achieved by the company are not necessarily indicative of its future prospects. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

3

Cautionary Note to Investors

The Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as probable reserves, possible reserves and potential reserves, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. Investors are urged to also consider closely the disclosure in our filings with the SEC, available from us by calling (214) 559-3933. You can also obtain our filings from the SEC at www.sec.gov or on our website at www.toreador.net.

The term “potential,” when referring to Toreador’s reserves or its percentage of reserves, represents Toreador management’s current belief or judgment, based on information available to it, regarding the potential reserves that could be recovered or could be recoverable. These numbers should not be viewed as reliable for the purposes of estimating Toreador’s reserves or its prospects. Additionally, the term “potential” has no engineering significance and is not related to the term “possible” as that term may be used by the Society of Petroleum Engineers.

4

Company Overview

Independent growth-oriented exploration and production company, focused on under-explored international basins ignored by majors and

large independents

Our objective is to provide growth by exploring for oil and gas where it has been found before, with targets in the 5 to 20 MMBOE range

Technical team has over 25 years’ average experience in E&P operations in over 40 countries including significant discoveries in France, Colombia

and Turkey

5

Company Strategy

• Focus on EU or EU-candidate countries• Emphasis on geopolitical balance and risk diversification

• Net importers with strong projected demand for oil and natural gas and a strong dependence on Russian supplies of hydrocarbons

• Stable governments with favorable business and regulatory climates• Attractive royalty and tax environments

• Western, market-oriented economies

• No upfront fees; large acreage concessions secured by multi-year work commitments

• Basins with good technical merit, a history of hydrocarbon production, and overlooked reserves still to be discovered or exploited

• Existing energy transportation infrastructures and local markets for consumption

6

Areas of Operation

Country Gross Acreage Net AcreageTurkey 3,527,414 2,468,390Hungary 764,237 764,237Romania 625,325 625,325France 445,521 421,886United States 343,321 77,613Total 5,705,818 4,357,451

7

Summary Operating History

200

400

600

800

1000

1200

2002 2003 2004 2005 20068

10

12

14

16

18

2002 2003 2004 2005 2006

0

5

10

15

20

25

2002 2003 2004 2005 20060

20

40

60

80

100

120

140

2002 2003 2004 2005 2006

Net Proved ReservesMMBOE

CAPEX$millions

16.1

13.6 13.8

15.0

16.0

6.2 4.415.4

57.0

128.5

MBOEProduction

1,069

EBITDAX$millions

919

629 624

746

4.06.3 6.2

16.1

22.3

8

Capitalization

Actual% of Total

CapCash and Cash Equivalents 32,891$

Senior Secured Debt (IFC) (2) 35,000 11.3 Convertible Senior Notes 86,250 27.9 Total Debt 121,250 39.2

Total Stockholders' Equity 188,132 60.8

TOTAL CAPITALIZATION 309,382$ 100.0

As of March 31, 2007

9

Capital ExpendituresFY2006 CAPEX Spending and FY2007 CAPEX Budget

Total 2006 CAPEX $128.5 million

Turkey70%

$52.5

Romania 11%

Hungary6%

France12%

US 1%

$14.2

$15.2

$8.3

$0.9

$89.9

$5.6

$14.2

$9.0

$0.2

Turkey64%

Romania 17%

Hungary11%

France7%

US 1%

In 2007, approximately $44.3 million or 54% of the total budget is for exploration and $37.2 million or 46% is for development

FY 2007 CAPEX Budget $81.5 million

10

Estimated Reserves at December 31, 2006

(MMBOE) Hungary Romania USA Turkey France Total**Proved 0.2 0.5 1.4 4.2 9.6 16.0Probable*** 0.1 1.0 5.0 6.1Possible*** 0.7 0.7

02468

1012141618202224

Hungary Romania USA Turkey France Total

Possible

ProbableProved

$2.6 $12.9 $19.3$89.9

$131.8

$256.6

$43.9

$19.9$7.2

$70.1

$7.2

$6.4

MMBOE

* Numbers on graph indicate pre-tax PV10 value of reserve category** On an MMBOE basis Toreador P1-P3 reserves are 71% oil and 29% natural gas

Reserve estimates and valuations provided by LaRoche Petroleum Consultants, Ltd.

***Less than 10% of gross exploration acreage has been evaluated

Proved reserves, by the Securities and Exchange Commission (“SEC”) definition, are reserves that are demonstrated with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions and include proved developed producing, proved developed non-producing and proved undeveloped reserves. Probable reserves are those that have been demonstrated to be potentially recoverable, but where a higher element of risk prevents classification as proved. Possible reserves are those less well defined reserves where risk is relatively high.

11

Turkey: Prospective Offshore/Onshore Acreage

Natural Gas Pipelines—Existing Natural Gas Pipelines—Under Construction Oil Pipeline

Sirt Permit

Eastern Black Sea Permit

Van Permit

Central Black Sea Permit

Buykbey Permit

Marmara Application

12

Turkey: Western Black Sea Prospects

Kandilli

Eregli Deep

Alapli

Coastal Eregli

EregliAkcakoca

Ayazli Akkaya

Coastal Akcakoca

Akcakoca-1

Akcakoca-2

Akcakoca

Akkaya-1A

South Akcakoca Sub-Basin

Tertiary ProspectCretaceous ProspectFaultGas DiscoveryNew Well

Ayazli-2A

Ayazli-3A

Cayagzi-1

Production Facility

maximum water depth for

jack-up rig operations

Akkaya-2

Do. Ay.-1

2005 Seismic

Survey

Dogu Ayazli

Ayazli-1Dogu Ayazli-2

Bayhanli

Akkaya-3

Bayhanli-1

EskikaleAkcakoca-3

Akc’a-4

Guluc-1

Alapli-1K. Akkaya-12006 Seismic

Survey

13

Akkaya-2

Dogu Ayazli-1

Production Facility

Dogu Ayazli-2

Akkaya-3Dogu AyazliBayhanli

Bayhanli-1

EskikaleGuluc

South Akcakoca Sub-Basin Development

3D Seismic(190 km2)

Akcakoca

Ayazli

Akkaya

Akcakoca-3Akcakoca-4

Akcakoca

Ayazli-2A

Akkaya-1AAyazli-1Ayazli-3A

5 km

Tertiary ProspectFaultPhase 1PipelinePhase 1 TripodGas DiscoveryNew Well

Guluc-1

14

Gas Contract in Turkey

• Three years, based on BOTAŞ guaranteed industrial tariff, adjusted monthly• Wellhead price approximately 90% of reference price

• 7.5% discount includes transportation cost• Approximately 2.5% discount for gas calorific adjustment

• July BOTAŞ guaranteed price of approximately $9.47 per MMcf translates to wellhead price of $8.58 per MMcf

$4

$5

$6

$7

$8

$9

$10

Jan-04

Apr-04

Jul-04

Oct-04

Jan-05

Apr-05

Jul-05

Oct-05

Jan-06

Apr-06

Jul-06

Oct-06

Jan-07

Apr-07

Jul-07

$/MCF BOTAŞ Posted Natural Gas Prices (1)

BOTAŞGuaranteed

Source: BOTAŞ website, www.botas.gov.tr/eng/naturalgas/ng_tariffs.asp

BOTAŞ Interruptable

(1) Monthly posted prices for industrial users, converted from YTL/CM to $/MCF

15

Turkey: Prospective Offshore/Onshore Acreage

Natural Gas Pipelines—Existing Natural Gas Pipelines—Under Construction Oil Pipeline

Sirt Permit

Eastern Black Sea Permit

Van Permit

Central Black Sea Permit

Buykbey Permit

Marmara Application

16

Reef Play: Thrace Permits

Possible Sogucak Reef

Possible Hamitabat

SandsBlack Sea

Karaburun-1

Turkey Reef Play

17

Romania: Rehabilitation, Exploration Balance

Carpathian Mountains

BUCHAREST

Moinesti Permit

Viperesti Permit

Fauresti Permit

50 km

Oil FieldGas FieldExploration PermitRehabilitation Permit

18

Viperesti Prospects

Oil show or net pay

Oligocene ProspectMiocene ProspectSarmatian FieldMeotian FieldOligocene Field

KeyMiocene Productive Trend

Oligocene Productive Trend

Miocene Productive Trend

Miocene Productive Trend

• Ten prospects defined• Average prospect in the 20 to 60 MMBOE range

• Multiple producing trends

• Mostly oil with some associated natural gas

ViperestiBlock

19

Hungary

Oil FieldGas FieldExploration Permit

50 km

BUDAPESTBUDAPEST

Szolnok Szolnok BlockBlock

TompaTompaBlockBlock

20

France: Paris Basin Offers Solid Production, Exploration Upside

La Tonnelle

CharmottesField

Montargis

Paris

Melun

Meaux

Provins

Troyes

St. Dizier

Nemours Permit

AuffervillePermit Courtenay

Permit

NeocomianField Complex

MalesherbesPermit

Rigny le FerronPermit

JoignyPermit

20 km

Oil FieldGas FieldNeocomian Channel TrendInterest in Exploitation PermitExploration PermitExploration Application

Chalons-en-ChampagneMairy

Application

Toreador Resources Corporation

22

Reconciliation of Net Income to EBITDAX

EBITDAX represents earnings before interest, income taxes, depreciation, depletion and amortization, impairment expenses and exploration expenses, including foreign currency remeasurement and exchange gain, gain (loss) from the sale of properties and other assets, equity in earnings (loss) of unconsolidated affiliates, reduction in force and impairment of oil and natural gas properties. The Company has reported EBITDAX because the Company believes EBITDAX is a measure commonly reported by oil and gas exploration and development companies and widely used by investors as an indicator of a company's available cash flow, operating performance and ability to incur and service debt. The Company believes EBITDAX assists investors in comparing a company’s performance on a consistent basis without regard to depreciation, depletion and amortization, impairment of natural gas and oil properties and exploration expenses, which can vary significantly depending upon accounting methods. EBITDAX is not a measure of performance under accounting principles generally accepted in the United States of America and should not be considered in isolation or construed as a substitute for net income or other operations data or cash flow data prepared in accordance with accounting principles generally accepted in the United States for purposes of analyzing the Company’s profitability or liquidity, because it does not consider the impact of working capital growth, capital expenditures, debt principal reductions and other sources and uses of cash, which are disclosed in the Company’s statements of cash flows. Investors should carefully consider the specific items included in the Company’s computation of EBITDAX. While the Company has disclosed its EBITDAX to permit a more complete comparative analysis of its operating performance and debt servicing ability relative to other companies, investors should be cautioned that EBITDAX as reported by the Company may not be comparable in all instances to EBITDAX as reported by other companies. EBITDAX amounts may not be fully available for management’s discretionary use, due to requirements to conserve funds for capital expenditures, debt service, preferred stock dividends and other commitments.

($ thousands) 2002 2003 2004 2005 2006Net Income from Continuing Operations (5,666)$ 3,464$ (2,270)$ 10,548$ 2,478$ Less: Income Tax (Benefit) Provision (2,061) (603) (1,153) (315) 3,995Plus: Interest Expense 1,692 1,651 1,414 0 632Less: Interest and Other Income 621 (294) (515) (1,407) (2,943)Less: Foreign Currency Exchange Gain (Loss) (437) (3,808) (127) (2,386) 1,560Less: Gain (Loss) on Sale of Property and Other Assets 2,143 (120) 159 (12) (638)Less: Equity in Earnings (Loss) of Unconsolidated Affiliates 1,186 (22) 18 (222) (401)Plus: Impairment of Oil and Natural Gas Properties 525 171 0 110 345Plus: Depreciation, Depletion and Amortization 3,797 3,476 4,110 5,245 7,544Plus: Exploration and Acquisition 2,234 2,352 4,530 4,678 7,045Plus: Stock Compensation Expense 0 0 0 401 2,715EBITDAX 4,034$ 6,267$ 6,166$ 16,640$ 22,332$

For the Year Ended December 31,