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OMB APPROVAL
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OMB Number: 3235-0104
+--------+ Expires: September 30, 1998
| FORM 3 | Estimated average burden
+--------+ hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1.Name and Address of Reporting Person
Falb, Peter L.
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(Last) (First) (Middle)
c/o Dane, Falb, Stone & Co., Inc.
33 Broad Street
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(Street)
Boston, MA 02109
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(City) (State) (Zip)
2.Date of Event Requiring Statement (Month/Day/Year) 07/23/98
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3.IRS or Social Security Number of Reporting Person (Voluntary)
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4.Issuer Name and Ticker or Trading Symbol Toreador Royalty Corporation ("TRGL")
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5.Relationship of Reporting Person to Issuer (Check all applicable)
[X] Director [ ] Officer [ ] 10% Owner [ ] Other
(give title below) (specify below)
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6.If Amendment, Date of Original (Month/Day/Year)
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7.Individul or Joint/Group Filing (Check Applicable Line)
[X] Form filed by one reporting person
[ ] Form filed by more than one reporting person
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TABLE I--NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
<TABLE>
<CAPTION>
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1. TITLE 2. AMOUNT OF 3. OWNERSHIP FORM: 4. NATURE OF
OF SECURITIES BENE- DIRECT (D) OR INDIRECT BENE-
SECURITY FICIALLY OWNED INDIRECT (I) FICIAL OWNERSHIP
(INSTR. 4) (INSTR. 4) (INSTR. 5) (INSTR. 5)
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<S> <C> <C> <C>
COMMON STOCK,
$0.15625 par value per share 112,000 D
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COMMON STOCK,
$0.15625 par value per share 21,250 I By Limited Partnership
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COMMON STOCK, By Spouse as Trustee for
$0.15625 par value per share 14,500 I Benefit of Children
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COMMON STOCK,
$0.15625 par value per share 4,000 I Through Profit Sharing Plan
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Print or Type Responses)
* If the form is filed by more one reporting person. See Instruction 5(b)(v).
Page 1 of 2
<PAGE>
FORM 3 (continued)
TABLE II--DERIVATIVE SECURITIES BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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1. TITLE OF DERIVATIVE 2. DATE EXER- 3. TITLE AND AMOUNT OF SECURITIES 4. CONVERSION 5. OWNERSHIP 6. NATURE OF IN-
SECURITY (INSTR. 4) CISABLE AND UNDERLYING DERIVATIVE SECURITY OR FORM OF DIRECT BENE-
EXPIRATION (INSTR. 4) EXERCISE DERIVATIVE FICIAL
DATE PRICE SECURITY: OWNERSHIP
(MONTH/DAY/ OF DIRECT (D) (INSTR. 5)
YEAR) DERIVATIVE OR IN-
---------------------------------------------------- SECURITY DIRECT (I)
DATE EXPIRA- AMOUNT OR (INSTR. 5)
EXER- TION TITLE NUMBER OF
CISABLE DATE SHARES
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<S> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/S/ Peter L. Falb 7/30/98
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**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2 of 2
SEC 1473 (7-96)
