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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.