Toreador Resources Corp. (TRGL) said it completed the sale of Toreador Turkey Ltd. to Tiway Oil 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 company noted that the transaction would result in a financial gain of about $21.2 million, which will be recorded in the third quarter of 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.