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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): APRIL 22, 1996
TOREADOR ROYALTY CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 0-2517 75-0991164
(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
530 PRESTON COMMONS WEST
8117 PRESTON ROAD
DALLAS, TEXAS 75225
(ADDRESS, INCLUDING ZIP CODE, OF PRINCIPAL EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (214) 369-0080
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Item 5. OTHER EVENTS.
On April 22, 1996, Toreador Royalty Corporation (the "Company" or
"Toreador") announced that its Board of Directors (the "Board") authorized the
purchase of up to 150,000 shares of the Company's common stock, representing
2.9% of Toreador's currently outstanding shares. Purchases will be made in
open market or through privately negotiated transactions from time to time and
depending upon market conditions.
The Company also announced that it repurchased all 100,000 shares of
common stock under its initial stock repurchase program authorized by the Board
in October of 1995.
Item 7. FINANCIAL STATEMENTS IN EXHIBITS.
(c) Exhibits
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Item Exhibit
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99 Press Release issued by Toreador Royalty
Corporation on April 22, 1996.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TOREADOR ROYALTY CORPORATION
Date: April 24, 1996 By: /s/ Peter R. Vig
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Peter R. Vig, Chief Executive Officer
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INDEX TO EXHIBITS
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Item
Number Exhibit
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99 Press Release issued by Toreador Royalty Corporation on
April 22, 1996.
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DALLAS, Texas, April 22, 1996
TOREADOR ROYALTY ANNOUNCES SECOND SHARE REPURCHASE PLAN, COMPLETES FIRST
REPURCHASE
Toreador Royalty Corporation Announced today that its board of directors has
authorized the repurchase of up to 150,000 shares of the company's common stock
representing 2.9% of Toreador's currently outstanding shares.
Peter R. Vig, chairman, said, "This action is a further affirmation that the
board regards the company's shares as undervalued and has confidence in
Toreador's future. The company's strong balance sheet has sufficient funds for
the second share repurchase plan as well as an aggressive exploration effort on
its mineral acreage."
Purchases will be made in the open market or through privately negotiated
transactions from time to time and depending upon market conditions.
Toreador also announced that its initial share repurchase authorization of
100,000 shares has been completed.
Toreador owns in excess of 530,000 net mineral acres located primarily in the
Texas Panhandle and West Texas. In addition, the company owns working or
royalty interests in Texas, New Mexico, Oklahoma, Arkansas, and Louisiana.
Toreador's common stock is traded in the NASDAQ market under the symbol "TRGL".
Contact: Peter R. Vig, chairman
James S. Blair, vice president
214/369-0080
