Toreador Provides Reserves Estimates at September 1, 2005

Business Wire, Sept 14, 2005

DALLAS -- Table 1, under the header Net Reserves, units for Gas should read: (MMcf) (sted (Bcf)).

The corrected release reads:

TOREADOR PROVIDES RESERVES ESTIMATES AT SEPTEMBER 1, 2005

Toreador Resources Corporation (Nasdaq:TRGL) today provided an interim update to its 2004 year-end reserves estimates in order to include drilling results through August 2005. The pre-tax net present value discounted at 10% of Toreador's estimated proved reserves at September 1, 2005 (based on oil and natural gas closing prices on September 1, 2005 and using the methodology used in the interim update) was approximately $284 million, a 147% increase over the $115 million net present value of proved reserves at December 31, 2004. As calculated using the interim update methodology, the combined pre-tax net present value discounted at 10% of Toreador's estimated proved and probable reserves at September 1, 2005 was $426 million compared to $156.4 million at December 31, 2004.

In the interim update, estimated proved reserves at September 1, 2005 totaled 15.7 million barrels of oil equivalent (MMBOE), compared with proved reserves of 13.6 MMBOE at December 31, 2004. Combined estimated proved and probable reserves at September 1, 2005 totaled 23.6 MMBOE compared to 21.3 MMBOE at December 31, 2004. Proved reserves, by the Securities and Exchange Commission definition, includes proved developed producing, proved developed non-producing and proved undeveloped reserves. Probable reserves are those reserves that have not been qualified as proved reserves and that have been demonstrated to be potentially recoverable, given the higher element of risk.

Toreador provides estimates in South Akcakoca Sub-basin

Toreador commissioned independent petroleum engineers LaRoche Petroleum Consultants to provide the updated company-wide estimates of proved and probable reserves as well as initial estimates of possible and potential reserves in the Company's South Akcakoca Sub-basin project. Possible reserves are those reserves that are less well defined than probable reserves since the risk is relatively higher as compared to probable reserves. Potential reserves are based on estimates of exploration potential.

For the 100% interest in the South Akcakoca Sub-basin project, the high-end estimate of total natural gas reserves (which includes proved, probable, possible and potential reserves) is 655 BCF, the "likely" estimate is 244 billion cubic feet (BCF) and the low-end estimate is 106 BCF. These estimates correspond to approximately 241 BCF, 90 BCF and 39BCF to Toreador's 36.75% interest. Of the total 100% interest natural gas reserve estimate, the proved reserves estimate is 19 BCF; the probable reserves estimate is 16 BCF; the possible reserves is 19 BCF; and the high-end potential reserves estimate is 600 BCF, the likely potential reserves estimate is 190 BCF, and the low-end potential reserves estimate is 52 BCF. LaRoche arrived at these estimates using results from the previously announced tests of the Akkaya-1 and Ayazli-1, -2, and -3 wells, as well as geophysical data from 2D and 3D seismic surveys conducted in the South Akcakoca sub-basin. These estimates compare favorably to the Company's previously announced internal total reserves estimates of 350 BCF to the 100% interest in the project.

G. Thomas Graves III, Toreador President and Chief Executive Officer, commented, "As we gain more understanding of the South Akcakoca Sub-basin and surrounding areas, we continue to see additional opportunities to significantly increase our reserve base. Since we have only explored 50,000 of our 962,000 acres in our Western Black Sea permits, we feel confident that we have only begun to tap the potential of this under-explored geological province offshore Turkey."

Stated Graves, "The recently announced increase in Toreador's capital budget for the remainder of 2005 and our initial estimate of capital spending in 2006 is a reflection of the opportunity that we see in Turkey and in our other core areas in France, Romania and Hungary. We will continue to execute on our strategy of focusing on relatively undeveloped areas of countries that are net importers of oil and gas, with stable governments and favorable business and regulatory environments."

Table 1: Interim Update to Toreador Reserves Estimates as of September
1, 2005


                                         Net Reserves
                                      ------------------
Reserve Category                         Oil      Gas       NPV (1)
                                        (MBO)    (MMcf)  ($thousands)
------------------------------------- ---------- ------- -------------
 Proved Developed Producing               7,967   4,882      $171,305
 Proved Developed Non-producing             846   2,765        21,981
 Proved Undeveloped                       4,508   6,558        90,362
------------------------------------- ---------- ------- -------------
Total Proved                             13,321  14,205       283,648
===================================== ========== ======= =============
 Total Proved MBOE                       15,688

Probable                                  7,024   5,373       142,447
------------------------------------- ---------- ------- -------------
 Probable MBOE                            7,920

Total Proved   Probable                  20,345  19,579      $426,095
------------------------------------- ---------- ------- -------------
 Proved   Probable MBOE                  23,608

Notes:
------
(1) Pre-tax Net Present Value discounted at 10%


Table 2: Natural Gas Reserve Estimates in the South Akcakoca Sub-basin

                                       Reserve Estimates (Bcf)
                               ---------------------------------------
Reserve Category                  High End       Likely      Low End
----------------------------   -------------- ------------ -----------
 Proved                                   19           19          19
 Probable                                 16           16          16
 Possible                                 19           19          19
 Potential                               600          190          52
----------------------------   -------------- ------------ -----------
Total                                    655          244         106
============================   ============== ============ ===========
Toreador 36.75% Interest                 241           90          39