Toreador Resources Corporation

NYSSA 8th Annual Energy ConferenceNovember 15, 2005

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 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 Form 10-K for the fiscal year ended December 31, 2004, available from us by calling (214) 559-3933. You can also obtain this form from the SEC at www.sec.gov.

The terms “potential” and “probable,” 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 terms “potential” and “probable” have no engineering significance and are not related to the term “possible” as that term may be used by the Society of Petroleum Engineers.

4

Company Overview

U.S. Independent culture, focused on underexplored international basins

Visible near-term growth in South Akcakoca Sub-basin offshore Turkey

Significant growth opportunities across entire portfolio

Experienced management team and considerable technical and localexpertise

5

Company OverviewInternational Operations Net Acreage

Estimated Proved Reserves 18 Month CAPEX Budget

FranceHungary

Turkey

Romania

Note: White numbers indicate estimated reserves in country in MMboe as of September 1, 2005

Note: White numbers indicate CAPEX budget in country in $millions for 2H 2005 and FY 2006

11.8

0.5

1.7

1.7

Turkey11.0% France

75.4%

Romania2.9%

United States10.6%

Total Estimated Reserves 15.7 MMboe

Country Net AcreageTurkey 1,978,518Hungary 764,237Romania 625,325France 306,636United States 77,613Total 3,752,329

$14

$20

$24

$67

$2Turkey52.8%

France18.9%

Romania15.7%

Hungary11.0%

United States1.6%

Total CAPEX $127 million

PV10 = $211MM

Total PV10 = $284MM

PV10 = $22MM

PV10 = $40MM

PV10 = $11MM

6

Near Term Upside: South Akcakoca Sub-basin Gas Project

South Akcakoca Sub-basin represents only 50,000 acres of the 962,000 acre Western Black Sea permits

Reserve Category High Case Likely Low Case

Probable 16 16 16Possible 19 19 19Potential 558 176 48Total Potential Reserve Additions 593 211 83

Toreador 36.75% Interest - Bcfe 218 78 31Toreador 36.75% Interest - Mmboe 36 13 5

Multiple of Total Current Reserves (x) 2.3 0.8 0.3Note: 1 Provided by independent petro leum engineers LaRoche Petro leum Consultants as of September 1, 2005

2 "Potential" reserve category estimate reduced to reflect outcome of Cayagzi-1 well

Reserves Estimate (Bcfe)1,2

7

Potential Net Reserves Growth

Range (MMBOE)

Turkey- Black Sea, So. Akcakoca Sub-Basin 14 - 36- Black Sea, Eregli Sub-Basin 10 - 15- Calgan Permit 7 - 15

Turkey Potential Reserve Additions 31 - 66

France 10 - 15Hungary 10 - 15Romania 6 - 15

Total Potential Reserve Additions 57 - 111

Potential Reserve Additions by Dec. 31, 2007*

*Note: Reserve additions include “proved,” “probable” and “possible” reserves

8

Typical Prospect Profile

Located in areas with good technical merit

Availability of geological and geophysical data

Existing transportation infrastructure

Availability of equipment and contractors

Local market for production

9

Focus on EU or EU-Candidate Countries

• Net importing countries with strong projected demand for oil and natural gas

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

• Western, market-oriented economies

• Permits secured with work commitments; no upfront fees

• Strategically located on East – West transportation infrastructure

European Natural Gas Supply & Demand

2005 2010 2015 2020

100

200

300

400

500

600

700

800

900

Indigenous Supply

Pipeline Gas Contracts

LNG Contracts

Demand – Low Growth

Source: Quigley, T., “Europe looks for supply diversity in the Caspian, Persian Gulf,”Oil and Gas Journal, June 13, 2005; BP internal data

Gas

, bcm

/y

10

Turkey: Prospective Offshore/Onshore Acreage

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

SE Turkey Permit

Eastern Black Sea Permits

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Turkey: Black Sea Prospects

3D Seismic(190 km2)

So. EregliEregli Deep

Alapli

Coastal Eregli

EregliAkcakoca

AyazliAkkaya

Coastal Akcakoca

Akcakoca-1Akcakoca-2

Cayagzi

Akcakoca

Akkaya-1Ayazli-1

South AkcakocaSub-Basin

10 km

Tertiary ProspectCretaceous ProspectFaultProposed Well SiteGas Discovery

Ayazli-2Ayazli-3Cayagzi-1

Production Facility 16” pipeline under construction from national grid to production facility

12

Hungary

Oil FieldGas FieldExploration Permit

50 km

BUDAPESTBUDAPEST

SzolnokSzolnokBlockBlock

TompaTompaBlockBlock

13

Tompa Permit Analogs

Tompa Prospect

14

France: Paris Basin Offers Solid Production, Exploration Upside

CharmottesField

Montargis

Paris

Melun

Meaux

Provins

Troyes

Chalons-en-Champagne

St. Dizier

Nemours Permit

AuffervillePermit

Courtenay Permit

NeocomianField Complex

MalesherbesApplication

Rigny le FerronApplication

CourtenayExtension

NangisPermits

20 km

Oil FieldGas FieldNeocomian Channel TrendInterest in Exploitation PermitExploration PermitExploration Application (Pending)

Core from La Tonnelle-1 well

La Tonnelle - 1

15

Romania: Rehabilitation, Exploration Balance

Carpathian MountainsCarpathian Mountains

BUCHARESTBUCHAREST

Moinesti Moinesti PermitPermit

Viperesti Viperesti PermitPermit

Fauresti Fauresti PermitPermit

50 km

Oil FieldGas FieldExploration PermitRehabilitation Permit

Natural gas flaring from Fauresti-187 during testing

16

Financial PerformanceRevenues EBITDAX1

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

2001 2002 2003 2004 LTM9/30/05

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

2001 2002 2003 2004 LTM9/30/05 Note:

1 Please see Appendix A for a reconciliation of Net Income to EBITDAX

($th

ousa

nds)

($th

ousa

nds)

7,963

15,37516,846

21,028

28,749

3,791 4,034

7,212

8,681

13,697

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Capitalization

($ thousands) Actual% of Total

CapCash and Cash Equivalents 108,395

Convertible Debenture - Related Party 810 0.4%Long Term Debt 4,833 Convertible Senior Notes 86,250 1 38.6%Total Debt 91,893 41.1%

Total Stockholders' Equity 131,463 2 58.9%

Total Capitalization 223,356$ 100.0%Notes:

As of September 30, 2005

1 In September 2005, Toreador sold $86.25 million aggregate principal amount of convertible senior notes, due October 1, 2005, w ith a 5.00% coupon and a conversion price of $42.81 per share, in a private placement

2 In September 2005, Toreador sold $25 million of its common stock (806,450 shares) in a private placement

18

Investment Considerations

U.S. Independent culture, focused on underexplored international basins

Visible near-term growth in South Akcakoca Sub-basin offshore Turkey

Significant growth opportunities across entire portfolio

Experienced management team and considerable technical and localexpertise

19

Appendix A

Reconciliation of EBITDAX to Net Income

20

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.

Twelve Months Ended

Sept. 30,($ thousands) 2001 2002 2003 2004 2005Net Income from Continuing Operations (2,747)$ (5,666)$ 1,200$ 7,480$ 5,108$ Less: Income Tax (Benefit) Provision (1,802) (2,061) (266) (3,576) (2,021)Plus: Interest Expense 421 1,692 1,193 1,611 543Less: Interest and Other Income (Expense) (163) 621 (173) (396) (720)Plus: Turkish Currency Remeasurement 0 0 0 1,140 1,140Less: Foreign Currency Exchange Gain (Loss) 0 (437) (979) (5,044) (388)Less: Gain (Loss) on Sale of Property and Other Assets 510 2,143 (80) 336 369Less: Equity in Earnings (Loss) of Unconsolidated Affiliates 206 1,186 (22) 18 (78)Plus: Reduction in Force 0 0 511 172 56Plus: Impairment of Oil and Natural Gas Properties 1,237 525 171 0 0Plus: Depreciation, Depletion and Amortization 3,510 3,797 3,246 3,538 3,851Plus: Exploration and Acquisition 2,619 2,234 2,411 3,402 4,331Plus: Dry Hole and Abandonment Cost 0 0 0 0 1,506EBITDAX 3,791$ 4,034$ 7,212$ 8,681$ 13,697$

For the Year Ended December 31,

Toreador Resources Corporation