TOREADOR ROYALTY CORP
DFAN14A, 1995-05-17
OIL ROYALTY TRADERS
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<PAGE>

                          SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934

         
 
Filed by the Registrant [_]
 
Filed by a Party other than the Registrant [X]
 
Check the appropriate box:
     
[_] Preliminary Proxy Statement           [_] Confidential, for use of the 
                                             Commission Only (as Permitted
[_] Definitive Proxy Statement               by Rule 14a-6(e)(2))
 
[X] Definitive Additional Materials
 
[_] Soliciting Material Pursuant to (S)240.14a-11(c) or (S)240.14a-12      

 
                         Toreador Royalty Corporation
              ------------------------------------------------
              (Name of Registrant as Specified In Its Charter)
 
                        Dane, Edward Nathan, et. al.
              ------------------------------------------------
                 (Name of Person(s) Filing Proxy Statement)
 

Payment of Filing Fee (check the appropriate box):
 
[_] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), 14a-6(i)(2) or
    Item 22(a)(2) of Schedule 14A.
     
[_] $500 per each party to the controversy pursuant to Exchange Act Rule
    14a-6(i)(3).      
 
[_] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
 
    (1) Title of each class of securities to which transaction applies:
 
    (2) Aggregate number of securities to which transaction applies:
 
    (3) Per unit price or other underlying value of transaction computed
        pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the 
        filing fee is calculated and state how it was determined):
 
    (4) Proposed maximum aggregate value of transaction:

    (5) Total fee paid:

[X] Fee paid previously with preliminary materials.
     
[_] Check box if any part of the fee is offset as provided by Exchange Act Rule
    0-11(a)(2) and identify the filing for which the offsetting fee was paid
    previously. Identify the previous filing by registration statement number,
    or the Form or Schedule and the date of its filing.      
         
    (1) Amount Previously Paid:       
         
    (2) Form, Schedule or Registration Statement No.: 

    (3) Filing Party:       
         
    (4) Date Filed:       
 
Notes:
<PAGE>
 
ART CROZIER
GEORGESON AND COMPANY
88 PINE STREET - 30TH FLOOR
NEW YORK, NY 10008


                           THE COMMITTEE TO MAXIMIZE
                             SHAREHOLDER VALUE AT
                         TOREADOR ROYALTY CORPORATION

                                                               MAY 16, 1995

DEAR FELLOW STOCKHOLDER:

THE ANNUAL MEETING OF TOREADOR ROYALTY IS ONLY TWO DAYS AWAY. WE URGE YOU TO 
CONSIDER THE ISSUES CAREFULLY AND ASK YOURSELF WHETHER THE SO-CALLED "RESULTS" 
THAT TOREADOR'S CURRENT MANAGEMENT TOUTS HAVE ANY REAL VALUE TO YOU AS A 
SHAREHOLDER. WE BELIEVE THAT THE "STATISTICS" AND CHARTS MANAGEMENT HAS 
PRESENTED ARE MEANT MERELY TO DIVERT YOU FROM THE NUMBERS THAT REALLY AFFECT YOU
AS A TOREADOR SHAREHOLDER. THE FACTS ARE THAT THE VALUE OF YOUR INVESTMENT, LIKE
OURS, WAS NOT INCREASED OVER THE LAST SEVEN YEARS.

WE URGE YOU TO VOTE FOR THE DIRECTORS NOMINATED BY THE COMMITTEE TO MAXIMIZE 
SHAREHOLDER VALUE AT TOREADOR ROYALTY CORPORATION.

WHILE WE THINK THE PERFORMANCE OF TOREADOR MANAGEMENT IS THE ISSUE IN THIS 
CAMPAIGN, YOU SHOULD KNOW THAT AN INVESTMENT IN DANE FALB & STONE'S BALANCED 
PORTFOLIO COMPOSITE IN 1989 WOULD HAVE YIELDED A FAR BETTER RETURN THAN THE SAME
INVESTMENT IN TOREADOR OVER THAT PERIOD.

SINCE TIME IS SHORT AND YOUR VOTE IS IMPORTANT, WE HAVE MADE ARRANGEMENTS FOR 
YOU TO VOTE BY TOLL FREE TELEGRAM. SIMPLY FOLLOW THE INSTRUCTIONS BELOW.

                                            THE COMMITTEE TO MAXIMIZE
                                            SHAREHOLDER VALUE AT
                                            TOREADOR ROYALTY CORPORATION
<PAGE>
 
                                                                          PAGE 2

                         TOLL-FREE PROXYGRAM OPERATORS
                      ARE AVAILABLE TO ASSIST YOU NOW!!!

                                 INSTRUCTIONS

1. CALL TOLL-FREE 1-800-437-7699 ANYTIME, DAY OR NIGHT.

2. TELL THE OPERATOR THAT YOU WISH TO SEND A COLLECT PROXYGRAM TO ID. NO. 4612, 
   TOREADOR ROYALTY CORPORATION.

3. STATE YOUR NAME, ADDRESS AND TELEPHONE NUMBER.

4. STATE YOUR BANK OR BROKER AT WHICH YOUR SHARES ARE HELD AND YOUR CONTROL 
   NUMBER AS SHOWN BELOW!

ART CROZIER
BANK/BROKER: GEORGESON AND COMPANY
                                       CONTROL NO.:123456789
                                       NUMBER OF SHARES: 500

IF YOU NEED ASSISTANCE IN VOTING, CALL OUR SOLICITOR, GEORGESON & COMPANY, INC. 
AT 1-800-223-2064.


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