##### Table of Contents



UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION
 Washington, D.C.
    20549
  Form 10-Q
   þ

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)  OF THE
    SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended:
    March 31, 2007o

TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d)  OF
    THE SECURITIES EXCHANGE ACT OF 1934   Commission file number 0-02517
  TOREADOR RESOURCES
    CORPORATION
 (Exact name of registrant as
    specified in its charter)
   Delaware(State or other
    jurisdiction
    of incorporation)

75-0991164(I.R.S. Employer
    Identification Number)   4809 Cole Avenue, Suite 108
 Dallas, Texas 75205
 (Address of principal executive
    office)
  Registrants telephone number, including area code:
 (214) 559-3933
  þ o
  Rule 12b-2
  o þ o
  Rule 12b-2 o þ




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##### 



TOREADOR
    RESOURCES CORPORATION
  TABLE OF
    CONTENTS
  PagePART I. FINANCIAL
    INFORMATIONItem 1.


Financial Statements (unaudited)Consolidated
    Balance Sheets  March 31, 2007 and
    December 31, 2006


1Consolidated
    Statements of Operations  for the three months ended
    March 31, 2007 and 2006


2Consolidated
    Statements of Changes in Stockholders Equity 
    March 31, 2007


3Consolidated
    Statements of Cash Flows  for the three months ended
    March 31, 2007 and 2006


4Notes to
    Consolidated Financial Statements


5Item 2.


Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations


15Item 3.


Quantitative and
    Qualitative Disclosures About Market Risk


25Item 4.


Controls and
    Procedures


25PART II.
    OTHER INFORMATIONItem. 2.


Unregistered sales
    of Equity Securities and Use of Proceeds


26Item. 3.


Defaults Upon
    Senior Securities


26Item 6.


Exhibits


26SIGNATURES


29Certification of Chief Executive Officer Pursuant to Section 302Certification of Chief Financial Officer Pursuant to Section 302Certification of Chief Accounting Officer Pursuant to Section 302Certification of Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer Pursuant to Section 906




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TOREADOR
    RESOURCES CORPORATION
  CONSOLIDATED
    BALANCE SHEETS
  March 31,


December 31,2007


2006(Unaudited)(In thousands, except share and per share data)ASSETSCurrent assets:Cash and cash equivalents

$
32,891


$
12,664Restricted cash


3,211



12,734Accounts receivable


38,967



9,547Income taxes receivable


1,604



1,260Other


1,800



8,445Total current assets


78,473



45,650Oil and natural gas properties,
    net, using successful efforts method of accounting


284,533



251,015Investments in unconsolidated
    entities


2,622



2,659Restricted cash


7,858



7,770Goodwill


4,616



4,551Other assets


7,691



6,559$
385,793


$
317,204LIABILITIES AND
    STOCKHOLDERS EQUITYCurrent liabilities:Accounts payable and accrued
    liabilities

$
55,647


$
33,827Current portion of long-term debt






5,000Income taxes payable


948



745Total current liabilities


56,595



39,572Long-term accrued liabilities


1,055



394Long-term debt, net of current
    portion


35,000



21,550Long-term asset retirement
    obligations


5,321



5,125Deferred income tax liabilities


13,440



17,162Convertible subordinated notes


86,250



86,250Total liabilities


197,661



170,053Commitments and contingenciesStockholders equity:Preferred stock,
    Series A-1,
    $1.00 par value, 4,000,000 shares authorized;
    liquidation preference of $1,800; 72,000 shares issued


72



72Common stock, $0.15625 par
    value, 30,000,000 shares authorized;19,681,449 and
    16,655,511 shares issued


3,075



2,602Additional paid-in capital


156,858



111,708Retained earnings


23,109



31,980Accumulated other comprehensive
    income


7,552



3,323Treasury stock at cost,
    721,027 shares


(2,534
)


(2,534
)Total stockholders equity


188,132



147,151$
385,793


$
317,204    1




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##### Table of Contents



TOREADOR
    RESOURCES CORPORATION
  CONSOLIDATED
    STATEMENTS OF OPERATIONS
  Three Months Ended March 31,2007


2006(Unaudited)(In thousands, except per share data)Oil and natural gas sales

$
8,150


$
9,769Operating costs and expenses:Lease operating


2,872



2,435Exploration expense


2,104



1,053Depreciation, depletion and
    amortization


2,314



1,302Dry hole expense


8,159



General and administrative


6,461



2,508Gain on sale of properties and
    other assets


(702
)


(471
)Total operating costs and expenses


21,208



6,827Operating income (loss)


(13,058
)


2,942Other income (expense):Equity in earnings of
    unconsolidated investments


22



96Foreign currency exchange gain


988



264Interest and other income


513



927Interest expense, net of
    interested capitalized


(595
)


(278
)Total other income


928



1,009Income (loss) before taxes


(12,130
)


3,951Income tax provision (benefit)


(3,345
)


803Net income (loss)


(8,785
)


3,148Preferred dividends


(41
)


(41
)Income (loss) available to common
    shares

$
(8,826
)

$
3,107Basic income available to common
    shares per share

$
(0.55
)

$
0.20Diluted income available to common
    shares per share

$
(0.55
)

$
0.19Weighted average shares
    outstanding:Basic


16,080



15,333Diluted


16,080



16,671    2




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##### Table of Contents



TOREADOR
    RESOURCES CORPORATION
  CONSOLIDATED
    STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY
  AccumulatedPreferred


Preferred


Common


Common


Additional





Other


Treasury


TotalStock


Stock


Stock


Stock


Paid-In


Retained


Comprehensive


Stock


Stockholders(Shares)


($)


(Shares)


($)


Capital


Earnings


Income (loss)


($)


Equity(In thousands)Balance at December 31, 2006


72


$
72



16,656


$
2,602


$
111,708


$
31,980


$
3,323


$
(2,534
)

$
147,151Cash payment of preferred dividends






















(41
)










(41
)Exercise of stock options










207



32



1,004















1,036Issuance of common stock










2,711



424



44,576















45,000Issuance of restricted stock










108



17



(17
)










Adoption FIN 48






















(45
)










(45
)Amortization of deferred stock
    compensation


















2,038















2,038Payment of equity issuance costs


















(2,451
)














(2,451
)Net income






















(8,785
)










(8,785
)Foreign currency translation
    adjustments


























4,229







4,229Balance at March 31, 2007


72


$
72



19,682


$
3,075


$
156,858


$
23,109


$
7,552


$
(2,534
)

$
188,132    3




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##### Table of Contents



TOREADOR
    RESOURCES CORPORATION
  CONSOLIDATED
    STATEMENTS OF CASH FLOWS
  Three Months EndedMarch 31,2007


2006(Unaudited)(In thousands)Cash flows from operating
    activities:Net income (loss)

$
(8,785
)

$
3,148Adjustments to reconcile net
    income to net cash provided by (used in) operating activities:Depreciation and amortization


2,314



1,302Gain on sale of other assets


(702
)


(471
)Equity in earnings of
    unconsolidated investments


(22
)


(96
)Stock based compensation


2,038



407Realized gains on foreign currency
    derivative transactions






(264
)Dry hole expense


8,159



Deferred income taxes provision
    (benefit)


(3,881
)


179Increase in accounts receivable


(29,389
)


(150
)Decrease in other current assets


6,651



3,584Increase in other assets


(1,127
)


(50
)Increase in accounts payable and
    accrued liabilities


796



2,948Increase in income taxes payable


167



1,087Net cash provided by (used in)
    operating activities


(23,781
)


11,624Cash flows from investing
    activities:Expenditures for property and
    equipment


(21,945
)


(27,358
)Restricted cash


9,435



Proceeds from sale of property and
    equipment


820



1,200Distributions from unconsolidated
    subsidiaries


60



Investments in unconsolidated
    subsidiaries






(15
)Net cash used in investing
    activities


(11,630
)


(26,173
)Cash flows from financing
    activities:Borrowings from long-term debt


25,000



Repayments of long-term debt


(16,550
)


Payment of equity issue cost


(2,451
)


Proceeds from issuance of common
    stock


45,000



Payment of preferred dividends


(41
)


(41
)Tax benefit of stock option
    exercises






123Exercise of stock options


1,036



179Net cash provided by financing
    activities


51,994



261Net increase (decrease) in cash
    and cash equivalents


16,583



(14,288
)Effects of foreign currency
    translation on cash and cash equivalents


3,644



(44
)Cash and cash equivalents,
    beginning of period


12,664



53,113Cash and cash equivalents, end of
    period

$
32,891


$
38,781Supplemental disclosures:Cash paid during the period for
    interest, net of interest capitalized

$



$
Cash paid during the period for
    income taxes

$
379


$
    4




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##### Table of Contents



TOREADOR
    RESOURCES CORPORATION
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
 (UNAUDITED)
  NOTE 1 
    BASIS OF PRESENTATION
  Form 10-K
    New
    Accounting Pronouncements
  Accounting for
    Uncertainty in Income Taxes  An Interpretation of
    FASB Statement No. 109,
  No. 00-19-2, Accounting for Registration Payment Arrangements
  Fair Value Measurement mark-to-model
  The Fair Value Option for Financial Assets and
    Financial Liabilities  Including an Amendment of FASB
    Statement 115.
 5




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##### Table of Contents



TOREADOR
    RESOURCES CORPORATION
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    NOTE 2 
    CONCENTRATION OF CREDIT RISK AND ACCOUNTS RECEIVABLE
        March 31,


December 31,2007


2006Accrued oil and natural gas sales
    receivables

$
3,573


$
3,597Joint interest receivables


29,987



612Trade receivables


3,818



3,394Other accounts receivable


1,589



1,944$
38,967


$
9,547   NOTE 3 
    EARNINGS (LOSS) PER COMMON SHARE
    Three Months EndedMarch 31,2007


2006Basic earnings (loss) per share:Numerator:Net income (loss)

$
(8,785
)

$
3,148Less: dividends on preferred shares


41



41Net income (loss) available to
    common shareholders

$
(8,826
)

$
3,107Denominator:Common shares outstanding


16,080



15,333Income (loss) per share available
    to common shareholders

$
(0.55
)

$
0.20 6




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##### Table of Contents



TOREADOR
    RESOURCES CORPORATION
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  Three Months EndedMarch 31,2007


2006Diluted earnings (loss) per share:Numerator:Net income (loss)

$
(8,785
)

$
3,148Plus: interest on convertible debt






6Less: dividends on preferred shares


41



Income (loss) available to common
    shareholders

$
(8,826
)

$
3,154Denominator:Weighted average common shares
    outstanding


16,080



15,333Common stock options and warrants



(1)


725Conversion of preferred shares



(1)


450Conversion of 5.0% notes
    payable



(3)



(3)Restricted stock



(1)


57Conversion of debenture



(2)


106Diluted shares outstanding


16,080



16,671Income (loss) per share available
    to common shareholders

$
(0.55
)

$
0.19     (1)
    
    Conversion of these securities would result in issuance of
    724,645 shares of common stock that are antidilutive; therefore,
    there are no dilutive shares.(2)
    
    The convertible debenture was converted to common stock in the
    first quarter of 2006.(3)
    
    Conversion of these securities would result in issuance of
    2,014,716 common shares that are antidulitive. The 5% notes
    payable were issued September 27, 2005 and
    September 30, 2005.  NOTE 4 
    COMPREHENSIVE INCOME
    Three Months Ended March 31,2007


2006Net income (loss)

$
(8,785
)

$
3,148Foreign currency translation
    adjustments


4,229



(125
)Comprehensive income (loss)

$
(4,556
)

$
3,023  7




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##### Table of Contents



TOREADOR
    RESOURCES CORPORATION
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  NOTE 5 
    LONG-TERM DEBT
    March 31,


December 31,2007


2006Revolving line of credit with
    Texas Capital Bank, N.A.

$



$
5,550Revolving line of credit with
    Natexis Banques Populaires






11,000Secured revolving facility with
    the International Finance Corporation


35,000



10,000Convertible senior notes


86,250



86,250121,250



112,800Less: current portion






(5,000
)$
121,250


$
107,800   CONVERTIBLE
    SENIOR NOTES DUE OCTOBER 1, 2025
        Form 10-Q
 8




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##### Table of Contents



TOREADOR
    RESOURCES CORPORATION
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   Form 10-Q Form 10-Q Form 10-K Form S-1. Form 10-K Form S-1.
  SECURED
    REVOLVING FACILITY WITH THE INTERNATIONAL FINANCE
    CORPORATION
         9




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##### Table of Contents



TOREADOR
    RESOURCES CORPORATION
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
     REVOLVING
    LINE OF CREDIT WITH NATIXIS BANQUES POPULAIRES
    Form 10-Q Form 10-Q
  REVOLVING
    LINE OF CREDIT WITH TEXAS CAPITAL BANK, N.A.
    Form 10-Q Form 10-Q
 10




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##### Table of Contents



TOREADOR
    RESOURCES CORPORATION
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   NOTE 6 
    ASSET RETIREMENT OBLIGATIONS
      2007


2006Asset retirement obligation
    January 1

$
5,125


$
3,630Asset retirement accretion expense


73



50Foreign currency exchange loss


38



48Property additions


101



11Property dispositions


(16
)


Asset retirement obligation at
    March 31

$
5,321


$
3,739   NOTE 7 
    GEOGRAPHIC OPERATING SEGMENT INFORMATION
      Three Months Ended March 31, 2007(2)UnitedStates


France


Turkey


Romania


Hungary


TotalRevenues

$
1,334


$
5,130


$
810


$
876


$



$
8,150Costs and expenses


6,293



4,338



1,137



6,430



3,010



21,208Operating income (loss)

$
(4,959
)

$
792


$
(327
)

$
(5,554
)

$
(3,010
)

$
(13,058
)   Three Months Ended March 31, 2006UnitedStates


France


Turkey


Romania


Hungary


TotalRevenues

$
1,630


$
7,289


$
850


$



$



$
9,769Costs and expenses


3,193



3,122



90







422



6,827Operating income (loss)

$
(1,563
)

$
4,167


$
760


$



$
(422
)

$
2,942   Total Assets(1)UnitedStates


France


Turkey


Romania


Hungary


TotalMarch 31, 2007

$
25,099


$
90,945


$
209,203


$
23,161


$
37,385


$
385,793December 31, 2006

$
24,529


$
91,342


$
162,013


$
23,739


$
15,581


$
317,204  11




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##### Table of Contents



TOREADOR
    RESOURCES CORPORATION
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    (1)
    
    Each segments total assets reflect the effect of
    intersegment eliminations.(2)
    
    For the three months ended March 31, 2007, we recorded dry
    hole expense of $8.2 million, which included one dry hole
    in France of $1 million, two dry holes in Romania totaling
    $4.6 million and two dry holes in Hungary totaling
    $2.6 million.  NOTE 8 
    INCOME TAXES
    Accounting for
    Uncertainty in Income Taxes
      NOTE 9 
    COMMON STOCK
  30-day
   12




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##### Table of Contents



TOREADOR
    RESOURCES CORPORATION
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    EITF Issue
    No. 00-19-2,
    Accounting for Registration Payment
    Arrangements. FAS No. 5, Accounting for Contingencies
    and FASB Interpretation No. 14, Reasonable Estimation
    of the Amount of a Loss.
    NOTE 10 
    CAPITALIZED INTEREST
    NOTE 11 
    COMMITMENTS AND CONTINGENCIES
   13




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##### Table of Contents



TOREADOR
    RESOURCES CORPORATION
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
     NOTE 12 
    SUBSEQUENT EVENTS
       14




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##### Table of Contents



ITEM 2 
    MANAGEMENTS
    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
    OPERATIONS  Form 10-Q, Form 10-K
  DISCLOSURES
    REGARDING FORWARD-LOOKING STATEMENTS
    EXECUTIVE
    OVERVIEW
        
    Test flow rates from the Akcakoca  3 and 4 yielded
    rates of 38.5 MMCFD and 27.5 MMCFD, respectively;
    Installation of the topsides on the Akkaya and Dogu Ayazli
    tripods and the tie-in into the offshore platform occurred;
    First gas from the Akkaya platform flowed to the onshore
    production facility;
    Successful testing of the Alapli #1 well in South
    Akcakoca
    Sub-basin,
    offshore Turkey, which tested at a rate of 7MMCFD;
    We are currently drilling an exploratory well in Romania and the
    results should be available in the mid to late second quarter of
    2007;
    For the three months ended March 31, 2007, we drilled two
    dry holes in Romania, two in Hungary and one in France which
    resulted in an expense of $8.2 million and had a
    significant impact on income from operations and income
    available to common shares; 15




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##### Table of Contents




    In April 2007 we drilled an additional dry hole in France on the
    Aufferville Permit and which will result in a charge to dry hole
    expense in the second quarter of 2007 of approximately
    $2 million; and
    On May 7, 2007, we announced the resignation of
    Mr. Douglas Weir as Chief Financial Officer of the Company
    to pursue other interests effective June 1, 2007.  LIQUIDITY
    AND CAPITAL RESOURCES
    Liquidity
    30-day
  th th
   16




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##### Table of Contents



Senior
    Debt
    Form 10-Q Form 10-Q
    Form 10-Q Form 10-Q
  New
    Secured Revolving Facility
         17




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##### Table of Contents



Series A-1
  5% Convertible
    Senior Notes Due 2025
        Form 10-Q
  Form 10-Q
 18




---



##### Table of Contents



Form 10-Q Form 10-K Form S-1. Form 10-K Form S-1.
  Preferred
    Stock
  Series A-1 Series A-1 Series A-1 Series A-1
  Dividend
    and Interest Requirements
  Series A-1 Series A-1
  Series A-1
  Series A-1
  Contractual
    Obligations
    Less Than


One to


Four to


More ThanTotal


One Year


Three Years


Five Years


Five YearsLong-term debt

$
121,250


$



$



$
5,000


$
116,250Lease commitments


1,516



502



365



264



385Total contractual obligations

$
122,766


$
502


$
365


$
5,264


$
116,635     CRITICAL
    ACCOUNTING POLICIES
   19




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##### Table of Contents



Form 10-K
  Successful
    Efforts Method of Accounting
        Reserve
    Estimates
   20




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##### Table of Contents



Impairment
    of Oil and Natural Gas Properties
    Future
    Development and Abandonment Costs
  Accounting for Asset
    Retirement Obligations
    Income
    Taxes
   21




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##### Table of Contents



RESULTS
    OF OPERATIONS
  Comparison
    of the Three Months Ended March 31, 2007 and 2006
    For the Three Months Ended March 31,2007


2006Production:Oil (MBbls):United States


11



14France


99



125Turkey


17



17Romania


3



Total


130



156Gas (MMcf):United States


105



118France






Turkey






Romania


174



Total


279



118MBOE:United States


29



34France


99



125Turkey


17



17Romania


32



Total


177



176Average Price:Oil ($/Bbl):United States

$
53.03


$
56.96France


51.99



58.23Turkey


47.79



51.62Romania


50.01



Total

$
51.48


$
57.42Gas ($/Mcf):United States

$
6.08


$
6.12France






Turkey






Romania


4.12



Total

$
4.86


$
6.12$/ BOE:United States

$
42.97


$
45.29France


51.99



58.23Turkey


47.79



51.62Romania


27.25



Total

$
45.61


$
55.11  22




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##### Table of Contents



Revenue
  Oil
    and natural gas sales
        Costs and
    expenses
  Lease
    operating
    Exploration
    expense
    Depreciation,
    depletion and amortization
    Dry
    hole expense
    General
    and administrative
   23




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##### Table of Contents



Stock
    compensation expense
    Cost
    incurred related to the resignation of former President and
    Chief Executive Officer
    Foreign
    currency exchange gain (loss)
    Interest
    and other income
    Interest
    expense
    Other
    comprehensive income
    March 31,2007


2006Euro

$
1.3318


$
1.2104New Turkish Lira

$
0.7216


$
0.7415Romanian Lei

$
0.3970


$
0.3441Hungarian Forint

$
0.0054


$
0.0046   Off-balance
    sheet arrangements
   24




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##### Table of Contents



ITEM 3.
    QUANTITATIVE
    AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  Form 10-K
 ITEM 4 
    CONTROLS AND PROCEDURES  Evaluation
    of Disclosure Controls and Procedures
      
    We did not maintain an effective control environment and our
    financial and accounting organization was not adequate to
    support our financial reporting requirements. The involvement of
    corporate personnel in the reporting of foreign transactions and
    operations was not sufficient to accurately capture and record
    such activity and we did not maintain a sufficient complement of
    personnel with an appropriate level of accounting knowledge,
    experience and training in the application of generally accepted
    accounting principles consistent with the level and complexity
    of our operations. We also did not have an adequate review and
    approval process for recorded journal entries and changes made
    to the general ledger.
    Our accounting and financial reporting systems and procedures
    were not sufficiently designed to ensure consistent and complete
    application of our accounting policies and to prepare financial
    statements in accordance with generally accepted accounting
    principles. This includes not only the sufficiency of our review
    of sensitive calculations, reconciliations and spreadsheets but
    also the preparation and processing of financial accounting
    information.  Changes
    in Internal Control over Financial Reporting
     25




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##### Table of Contents




    Since the end of the quarter ended March 31, 2007, we have
    hired an experienced oil and gas accountant to allow for
    improved segregation of duties and a more thorough review, by
    senior financial officers, of the financial statements and
    underlying supporting documentation;
    We are providing additional training to our accounting staff and
    acquiring other accounting resources to improve our ability to
    report our financial statements in accordance with generally
    accepted accounting principles; and
    We are formally documenting our accounting policies and
    procedures. PART II.
    OTHER INFORMATION  ITEM 2.
    UNREGISTERED
    SALES OF EQUITY SECURITIES AND USE OF PROCEEDS  Form 8-K.
  ITEM 3.
    DEFAULTS
    UPON SENIOR SECURITIES   ITEM 6  EXHIBITS  ExhibitNumber


Description

Incorporation by Reference4.1


Registration Rights Agreement
    dated March 21, 2007 by and among Toreador Resources
    Corporation and the Buyers listed therein.

Previously filed as
    Exhibit 4.1 to Toreador Resources Corporation Current
    Report on
    Form 8-K
    filed on March 22, 2007, File No. 0-2571, and incorporated
    herein by reference.4.2


Warrant issued to Capital Ventures
    International LP dated March 23, 2007.

Previously filed as
    Exhibit 4.1 to Toreador Resources Corporation Current
    Report on
    Form 8-K
    filed on March 26, 2007, File No. 0-2571, and incorporated
    herein by reference.4.3


Warrant issued to Goldman
    Sachs & Co. dated March 23, 2007.

Previously filed as
    Exhibit 4.2 to Toreador Resources Corporation Current
    Report on
    Form 8-K
    filed on March 26, 2007, File No. 0-2571, and incorporated
    herein by reference.4.4


Warrant issued to SF Capital
    Partners Ltd. dated March 23, 2007.

Previously filed as
    Exhibit 4.3 to Toreador Resources Corporation Current
    Report on
    Form 8-K
    filed on March 26, 2007, File No. 0-2571, and incorporated
    herein by reference.4.5


Warrant issued to Old Lane Cayman
    Master Fund, LP dated March 23, 2007.

Previously filed as
    Exhibit 4.4 to Toreador Resources Corporation Current
    Report on
    Form 8-K
    filed on March 26, 2007, File No. 0-2571, and incorporated
    herein by reference.4.6


Warrant issued to Old Lane HMA
    Master Fund, LP dated March 23, 2007.

Previously filed as
    Exhibit 4.5 to Toreador Resources Corporation Current
    Report on
    Form 8-K
    filed on March 26, 2007, File No. 0-2571, and incorporated
    herein by reference. 26




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##### Table of Contents



ExhibitNumber


Description

Incorporation by Reference4.7


Warrant issued to Old Lane US
    Master Fund, LP dated March 23, 2007.

Previously filed as
    Exhibit 4.6 to Toreador Resources Corporation Current
    Report on
    Form 8-K
    filed on March 26, 2007, File No. 0-2571, and incorporated
    herein by reference.10.1


Summary Sheet: 2007 Director
    Compensation

Previously filed as
    Exhibit 10.21 to Toreador Resources Corporation Annual
    Report on
    Form 10-K
    for the year ended December 31, 2006, File No. 0-2517, and
    incorporated herein by reference.10.2


Letter Agreement by and between
    Toreador Resources Corporation and G. Thomas Graves III,
    dated January 25, 2007.

Previously filed as
    Exhibit 10.1 to Toreador Resources Corporation Current
    Report on
    Form 8-K
    filed with the Securities and Exchange Commission on
    January 26, 2007, File No. 0-2517, and incorporated herein
    by reference..10.3


Summary Sheet: 2007 Nigel
    Lovetts Annual Base Salary.

Previously filed as
    Exhibit 10.2 to Toreador Resources Corporation Current
    Report on
    Form 8-K
    filed with the Securities and Exchange Commission on
    January 26, 2007, File No. 0-2517, and incorporated herein
    by reference.10.4


Summary Sheet: 2007 Executive
    Officer Base Salaries.

Previously filed as
    Exhibit 10.1 to Toreador Resources Corporation Current
    Report on
    Form 8-K
    filed with the Securities and Exchange Commission on
    January 31, 2007, File No. 0-2517, and incorporated herein
    by reference.10.5


G. Thomas Graves III Stock
    Award Agreement dated January 25, 2007.

Previously filed as
    Exhibit 10.31 to Toreador Resources Corporation Annual
    Report on
    Form 10-K
    for the year ended December 31, 2006, File No. 0-2517, and
    incorporated herein by reference.10.6


Summary Sheet: 2007 Short-Term
    Incentive Compensation Plan.

Previously filed as
    Exhibit 10.1 to Toreador Resources Corporation Current
    Report on
    Form 8-K
    filed with the Securities and Exchange Commission on
    February 12, 2007, File No. 0-2517, and incorporated herein
    by reference.10.7
*

Employment Agreement of Nigel
    Lovett dated March 14, 2007.

Previously filed as
    Exhibit 10.33 to Toreador Resources Corporation
    Registration Statement on
    Form S-3
    (SEC No.
    333-142731)
    on May 8, 2007 and incorporated herein by reference.10.8
*

Employment Agreement of Michael
    FitzGerald dated March 14, 2007.

Previously filed as
    Exhibit 10.35 to Toreador Resources Corporation
    Registration Statement on
    Form S-3
    (SEC No.
    333-142731)
    on May 8, 2007 and incorporated herein by reference.10.9
*

Employment Agreement of Douglas
    Weir dated March 14, 2007.

Previously filed as
    Exhibit 10.34 to Toreador Resources Corporation
    Registration Statement on
    Form S-3
    (SEC No.
    333-142731)
    on May 8, 2007 and incorporated herein by reference.10.10
*

Employment Agreement of Edward
    Ramirez dated March 14, 2007.

Previously filed as
    Exhibit 10.36 to Toreador Resources Corporation
    Registration Statement on
    Form S-3
    (SEC No.
    333-142731)
    on May 8, 2007 and incorporated herein by reference. 27




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##### Table of Contents



ExhibitNumber


Description

Incorporation by Reference10.11
*

Employment Agreement of Charles
    Campise dated March 14, 2007.

Previously filed as
    Exhibit 10.37 to Toreador Resources Corporation
    Registration Statement on
    Form S-3
    (SEC No.
    333-142731)
    on May 8, 2007 and incorporated herein by reference.10.12
*

Edward Ramirez Change in Control
    Agreement dated November 7, 2006.

Previously filed as
    Exhibit 10.38 to Toreador Resources Corporation
    Registration Statement on
    Form S-3
    (SEC No.
    333-142731)
    on May 8, 2007 and incorporated herein by reference.10.13


Securities Purchase Agreement
    dated March 21, 2007 by and among Toreador Resources
    Corporation and the Buyers listed therein.

Previously filed as
    Exhibit 10.1 to Toreador Resources Corporation Current
    Report on
    Form 8-K
    filed on March 22, 2007, File No. 0-2157, and incorporated
    herein by reference.10.14


Separation and Mutual Release
    Agreement by and between G. Thomas Graves III and Toreador
    Resources Corporation dated April 17, 2007.

Previously filed as
    Exhibit 10.1 to Toreador Resources Corporation Current
    Report on
    Form 8-K
    filed on April 20, 2007, File No. 0-2157, and incorporated
    herein by reference.10.15


Form of Amendment to Form of 2005
    Outside Director Restricted Stock Award.

Previously filed as
    Exhibit 10.41 to Toreador Resources Corporation
    Registration Statement on
    Form S-3
    (SEC No.
    333-142731)on
    May 8, 2007 and incorporated herein by reference.10.16


Increase in Salaries of Michael
    FitzGerald and Edward Ramirez effective May 1, 2007.

Previously filed as
    Exhibit 10.42 to Toreador Resources Corporation
    Registration Statement on
    Form S-3
    (SEC No.
    333-142731)on
    May 8, 2007 and incorporated herein by reference.10.17


Security Agreement dated
    February 21, 2007 (signed by Toreador Resources on
    February 27, 2007) by and between Toreador Resources
    Corporation, as Assignor, and International Finance Corporation,
    as Assignee.

Previously filed as
    Exhibit 10.43 to Toreador Resources Corporation Annual
    Report on
    Form 10-K
    for the year ended December 31, 2006, File No. 0-2517, and
    incorporated herein by reference.10.18


Quota Charge Agreement dated
    February 28, 2007 by and between Toreador Resources
    Corporation, as Charger, and International Finance Corporation,
    as Chargee.

Previously filed as
    Exhibit 10.44 to Toreador Resources Corporation Annual
    Report on
    Form 10-K
    for the year ended December 31, 2006, File No. 0-2517, and
    incorporated herein by reference.31.1


Certification of Chief Executive
    Officer pursuant to 18 U.S.C. Section 1350, as adopted
    pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Filed Herewith31.2


Certification of Chief Financial
    Officer pursuant to 18 U.S.C. Section 1350, as adopted
    pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Filed Herewith31.3


Certification of Chief Accounting
    Officer pursuant to 18 U.S.C. Section 1350, as adopted
    pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Filed Herewith32.1


Certification of Chief Executive
    Officer, Chief Financial Officer and Chief Accounting Officer
    pursuant to 18 U.S.C. Section 1350, as adopted
    pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

Filed Herewith     *
    
    Compensation Agreements 28




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SIGNATURES  Form 10-Q
     
       
       
       29