##### 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 1934
 For the quarterly period ended:
 March 31, 2006
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 Commission file number 0-02517
 TOREADOR RESOURCES CORPORATION
  Delaware
    
    75-0991164(State or other jurisdiction of incorporation)
    
    (I.R.S. Employer Identification Number)
 4809 Cole Avenue, Suite 108
Dallas, Texas 75205
 Registrants telephone number, including area code: (214) 559-3933
 þ o
  Large accelerated filer o
    
    Accelerated filer þ
    
    Non-accelerated filer o
 o þ




---



##### Table of Contents



TOREADOR RESOURCES CORPORATION
 TABLE OF CONTENTS
 PagePART I. FINANCIAL INFORMATIONItem 1. Financial Statements (unaudited)Consolidated Balance Sheets  March 31, 2006 and December 31, 2005
    
    
    1Consolidated Statements of Operations  for the three months ended March 31, 2006 and 2005
    
    
    2Consolidated Statements of Cash Flows  for the three months ended March 31, 2006 and 2005
    
    
    3Notes to Unaudited Consolidated Financial Statements
    
    
    4Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    13Item 3. Quantitative and Qualitative Disclosures About Market Risk
    
    
    21Item 4. Controls and Procedures
    
    
    21PART II. OTHER INFORMATIONItem 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    23Item 6. Exhibits
    
    
    23SIGNATURES
    
    
    24Certification of CEO Pursuant to Section 302Certification of CFO Pursuant to Section 302Certification of CAO Pursuant to Section 906Certification of CEO, CFO & CAO Pursuant to Section 906




---



##### Table of Contents



TOREADOR RESOURCES CORPORATION
 CONSOLIDATED BALANCE SHEETS  (In thousands, except share data)
 March 31,
    
    December 31,2006
    
    2005(Unaudited)ASSETSCurrent assets:Cash and cash equivalents
    
    $
    78,264
    
    
    $
    92,507Accounts and notes receivable,
net of allowance for doubtful accounts of
$1,500 and zero
    
    
    17,161
    
    
    
    18,506Income taxes receivable
    
    
    4,947
    
    
    
    4,736Other
    
    
    2,383
    
    
    
    3,243Total current assets
    
    
    102,755
    
    
    
    118,992Oil and gas properties, net, using
successful efforts method of accounting
    
    
    152,096
    
    
    
    134,035Investments in unconsolidated entities
    
    
    2,362
    
    
    
    2,251Goodwill
    
    
    2,487
    
    
    
    2,487Other assets
    
    
    5,465
    
    
    
    5,415$
    265,165
    
    
    $
    263,180LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilities:Accounts payable and accrued liabilities
    
    $
    22,105
    
    
    $
    22,479Convertible debenture  related party
    
    
    
    
    
    
    810Income taxes payable
    
    
    1,995
    
    
    
    908Total current liabilities
    
    
    24,100
    
    
    
    24,197Long-term accrued liabilities
    
    
    377
    
    
    
    1,043Long-term debt
    
    
    5,000
    
    
    
    5,000Long-term asset retirement obligation
    
    
    2,322
    
    
    
    2,225Deferred income tax liability
    
    
    10,329
    
    
    
    10,221Convertible senior notes
    
    
    86,250
    
    
    
    86,250Total liabilities
    
    
    128,378
    
    
    
    128,936Stockholders equity:Preferred stock, Series A-1, $1.00 par
value, 4,000,000 shares authorized;
liquidation preference of $1,800,000;
72,000 shares issued
    
    
    72
    
    
    
    72Common stock, $0.15625 par value,
30,000,000 shares
authorized;16,362,041 and 16,142,824
shares issued
    
    
    2,557
    
    
    
    2,522Additional paid-in capital
    
    
    107,607
    
    
    
    106,099Retained earnings
    
    
    32,589
    
    
    
    31,346Accumulated other comprehensive loss
    
    
    (3,504
    )
    
    
    (3,261
    )Treasury stock at cost, 721,027 shares
    
    
    (2,534
    )
    
    
    (2,534
    )Total stockholders equity
    
    
    136,787
    
    
    
    134,244$
    265,165
    
    
    $
    263,180
  1




---



##### Table of Contents



TOREADOR RESOURCES CORPORATION
 CONSOLIDATED STATEMENTS OF OPERATIONS  (in thousands, except per share data)
 Three Months Ended March 31,2006
    
    2005Oil and natural gas sales revenue
    
    $
    9,769
    
    
    $
    6,414Operating costs and expenses:Lease operating
    
    
    2,435
    
    
    
    2,120Exploration and acquisition
    
    
    1,053
    
    
    
    374Depreciation, depletion and amortization
    
    
    1,471
    
    
    
    917Loss contingency on insurance receivable
    
    
    1,500
    
    
    
    General and administrative
    
    
    2,521
    
    
    
    1,804Total operating costs and expenses
    
    
    8,980
    
    
    
    5,215Operating income
    
    
    789
    
    
    
    1,199Other income (expense):Equity in earnings of unconsolidated investments
    
    
    96
    
    
    
    89Gain on sale of other assets
    
    
    471
    
    
    
    Foreign currency exchange gain
    
    
    630
    
    
    
    13Interest and other income
    
    
    940
    
    
    
    245Interest expense
    
    
    (1,265
    )
    
    
    69Total other income
    
    
    872
    
    
    
    416Income before taxes
    
    
    1,661
    
    
    
    1,615Income tax provision
    
    
    377
    
    
    
    62Income from continuing operations
    
    
    1,284
    
    
    
    1,553Income from discontinued operations, net of tax
    
    
    
    
    
    
    10Net income
    
    
    1,284
    
    
    
    1,563Preferred dividends
    
    
    (41
    )
    
    
    (563
    )Income available to common shares
    
    $
    1,243
    
    
    $
    1,000Basic income per share
    
    $
    0.08
    
    
    $
    0.08Diluted income per share
    
    $
    0.08
    
    
    $
    0.08Weighted average shares outstanding:Basic
    
    
    15,507
    
    
    
    12,801Diluted
    
    
    16,338
    
    
    
    14,142
  2




---



##### Table of Contents



TOREADOR RESOURCES CORPORATION
 CONSOLIDATED STATEMENTS OF CASH FLOWS  (in thousands)
 Three Months Ended March 31,2006
    
    2005Cash flows from operating activities:Net income
    
    $
    1,284
    
    
    $
    1,563Adjustments to reconcile net income to net cash
provided by operating activities:Depreciation and amortization
    
    
    1,471
    
    
    
    917Dry hole and abandonment
    
    
    
    
    
    
    (5
    )Gain on sale of other assets
    
    
    (471
    )
    
    
    Equity in earnings of unconsolidated investments
    
    
    (96
    )
    
    
    (89
    )Stock based compensation
    
    
    430
    
    
    
    Loss contingency on insurance receivable
    
    
    1,500
    
    
    
    Realized gains on foreign currency transactions
    
    
    
    
    
    
    (13
    )Increase in accounts and notes receivables
    
    
    (27
    )
    
    
    (2,210
    )(Increase) decrease in other current assets
    
    
    926
    
    
    
    (1,124
    )Increase in other assets
    
    
    (103
    )
    
    
    (68
    )Increase (decrease) in accounts payable and accrued liabilities
    
    
    (1,219
    )
    
    
    265Increase (decrease) in income taxes payable
    
    
    969
    
    
    
    (3,154
    )Deferred income taxes
    
    
    (42
    )
    
    
    1,719Net cash provided by (used in) operating activities
    
    
    4,622
    
    
    
    (2,199
    )Cash flows from investing activities:Expenditures for property and equipment
    
    
    (17,655
    )
    
    
    (6,210
    )Investments in unconsolidated subsidiaries
    
    
    
    
    
    
    (323
    )Net cash used in investing activities
    
    
    (17,655
    )
    
    
    (6,533
    )Cash flows from financing activities:Borrowings from long-term debt
    
    
    
    
    
    
    2,000Repayments of long-term debt
    
    
    
    
    
    
    (37
    )Proceeds from issuance of common stock, net
    
    
    179
    
    
    
    33,221Payment of preferred dividends
    
    
    (41
    )
    
    
    (65
    )Net cash provided by (used in) financing activities
    
    
    138
    
    
    
    35,119Net increase (decrease) in cash and cash equivalents
    
    
    (12,895
    )
    
    
    26,387Effects of foreign currency translation on cash and cash
equivalents
    
    
    (1,348
    )
    
    
    420Cash and cash equivalents, beginning of period
    
    
    92,507
    
    
    
    4,977Cash and cash equivalents, end of period
    
    $
    78,264
    
    
    $
    31,784
  3




---



##### Table of Contents



TOREADOR RESOURCES CORPORATION
 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 NOTE 1  BASIS OF PRESENTATION
  New Accounting Pronouncements
    NOTE 2  INSURANCE CLAIM ON 2005 BLACK SEA INCIDENTS
    4




---



##### Table of Contents



NOTE 3  STOCK BASED COMPENSATION
   5




---



##### Table of Contents



Three MonthsEndedMarch 31, 2005Income available to common shares, as reported
    
    $
    1,000Basic earnings per share a reported
    
    
    0.08Diluted earnings per share reported
    
    
    0.08Pro-forma stock-based compensation costs
under the fair value method, net of related
tax
    
    
    26Pro-forma income applicable to common
shares, under the fair-value method
    
    
    974Pro-forma basic earnings per share under
the fair-value method
    
    
    0.08Pro-forma diluted earnings per share under
the fair-value method
    
    
    0.07
  Options granted in2005
    
    2004
    
    2003Dividend yield per share (1)
    
    
    
    
    
    
    
    
    Volatility (2)
    
    
    
    70.9%
    
    43 - 54%
    
    
    42
    %Risk-free interest rate (3)
    
    
    
    4.0%
    
    3.3 - 4.6%
    
    
    2.8
    %Expected lives (4)
    
    
    
    5 years
    
    3 years
    
    10 years
 
 (1)
    
    Historically, we have not paid dividends on common shares and do not anticipate doing
so during the expected lives of these options.(2)
    
    We estimated volatility based on historic rates of return on our common stock over
periods similar to the expected lives of the related options.(3)
    
    We estimated the risk free rate based on treasury issues with lives similar to the
expected lives of the related options based on quotes available at or near the dates of
grant of the related options.(4)
    
    We estimated expected lives considering, a) the contractual term of the related
options, b) the average age of options exercised near the date of grant of the related
options and c) our expectation of our stock performance during the contractual period.    6




---



##### Table of Contents



WEIGHTEDAVERAGE EXERCISESHARES
    
    PRICEOutstanding at January 1
    
    
    858,940
    
    
    $
    5.07Granted
    
    
    
    
    
    
    Exercised
    
    
    (15,350
    )
    
    
    4.34Forfeited
    
    
    
    
    
    
    Outstanding at March 31
    
    
    843,590
    
    
    $
    5.09Exercisable at March 31
    
    
    788,590
    
    
    $
    4.87
    WEIGHTED-AVERAGEEXERCISEYEAR
    
    OPTION TYPE
    
    SHARES
    
    PRICE
    
    FAIR VALUE2005
    
    
    Exercise price equal to market price
    
    
    20,000
    
    
    $
    16.90
    
    
    $
    7.312004
    
    
    Exercise price greater than market price
    
    
    352,700
    
    
    $
    5.50
    
    
    $
    1.60Exercise price equal to market price
    
    
    90,000
    
    
    
    6.89
    
    
    
    2.502003
    
    
    Exercise price equal to market price
    
    
    120,000
    
    
    $
    3.10
    
    
    $
    1.12
  7




---



##### Table of Contents



Number Outstanding
    
    Number ExercisableIntrinsic
    
    
    
    
    
    IntrinsicValue
    
    
    
    
    
    Value
    
    Weighted Average RemainingExercise Price
    
    Shares
    
    (in thousands)
    
    Shares
    
    (in thousands)
    
    Contractual Life in Years$
    2.75
    
    
    
    45,000
    
    
    $
    1,400
    
    
    
    45,000
    
    
    $
    1,400
    
    
    
    2.493.00
    
    
    
    5,000
    
    
    
    156
    
    
    
    5,000
    
    
    
    156
    
    
    
    3.173.10
    
    
    
    95,000
    
    
    
    2,955
    
    
    
    60,000
    
    
    
    1,866
    
    
    
    7.223.12
    
    
    
    10,940
    
    
    
    340
    
    
    
    10,940
    
    
    
    340
    
    
    
    4.473.88
    
    
    
    5,000
    
    
    
    156
    
    
    
    5,000
    
    
    
    156
    
    
    
    3.584.12
    
    
    
    68,000
    
    
    
    2,115
    
    
    
    68,000
    
    
    
    2,115
    
    
    
    6.174.51
    
    
    
    20,000
    
    
    
    622
    
    
    
    20,000
    
    
    
    622
    
    
    
    5.884.96
    
    
    
    50,000
    
    
    
    1,556
    
    
    
    50,000
    
    
    
    1,556
    
    
    
    8.145.00
    
    
    
    240,133
    
    
    
    7,471
    
    
    
    240,133
    
    
    
    7,471
    
    
    
    3.055.50
    
    
    
    221,217
    
    
    
    6,882
    
    
    
    221,217
    
    
    
    6,882
    
    
    
    6.575.75
    
    
    
    25,800
    
    
    
    803
    
    
    
    25,800
    
    
    
    803
    
    
    
    4.945.95
    
    
    
    30,000
    
    
    
    933
    
    
    
    30,000
    
    
    
    933
    
    
    
    5.1313.75
    
    
    
    7,500
    
    
    
    233
    
    
    
    7,500
    
    
    
    233
    
    
    
    8.6416.90
    
    
    
    20,000
    
    
    
    622
    
    
    
    
    
    
    
    
    
    
    
    9.14$
    5.09
    
    
    
    843,590
    
    
    $
    26,244
    
    
    
    788,590
    
    
    $
    24,533
    
    
    
    5.38
   Grant-DateShares
    
    Fair ValueNon-vested at January 1, 2006
    
    
    114,560
    
    
    $
    20.10Shares granted
    
    
    80,075
    
    
    
    30.83Shares vested
    
    
    
    
    
    
    Shares forfeited
    
    
    (300
    )
    
    
    30.83Non-vested at March 31,2006
    
    
    194,335
    
    
    $
    24.50
 8




---



##### Table of Contents



NOTE 4
 EARNINGS PER COMMON SHARE
  Three Months EndedMarch 31,2006
    
    2005(in thousands, except per share data)Basic earnings per share:Numerator:Income from continuing operations, net of tax
    
    $
    1,284
    
    
    $
    1,553Income from discontinued operations, net of tax
    
    
    
    
    
    
    10Net income
    
    
    1,284
    
    
    
    1,563Less: dividends on preferred shares
    
    
    41
    
    
    
    563Net income available to common shares
    
    $
    1,243
    
    
    $
    1,000Denominator:Weighted average common shares outstanding
    
    
    15,507
    
    
    
    12,801Basic earnings per share from:Income per share available to common shares
    
    $
    0.08
    
    
    $
    0.08Diluted earnings per share:Numerator:Income from continuing operations, net of tax
    
    $
    1,284
    
    
    $
    1,553Income from discontinued operations, net of tax
    
    
    
    
    
    
    10Net income
    
    
    1,284
    
    
    
    1,563Plus: interest on convertible debt
    
    
    10
    
    
    
    54Less: dividends on preferred shares
    
    
    41
    
    
    
    563Income available to common shares
    
    $
    1,253
    
    
    $
    1,054Denominator:Weighted average common shares outstanding
    
    
    15,507
    
    
    
    12,801Common stock options and warrants
    
    
    725
    
    
    
    948Conversion of preferred shares
    
    
    
    (1)
    
    
    Conversion of 7.85% notes payable
    
    
    
    (2)
    
    
    173Conversion of 5.0% notes payable
    
    
    
    (3)
    
    
    Conversion of debenture
    
    
    106
    
    
    
    220Diluted shares outstanding
    
    
    16,338
    
    
    
    14,142Diluted earnings per share from:Income per share available to common shares common
shares
    
    $
    0.08
    
    
    $
    0.08
 
 (1)
    
    The conversion of the preferred shares into 450,000 common shares would have been antidulitive at March 31, 2006 and
2005, therefore there are no dilutive shares added at these dates.(2)
    
    Conversion of the 7.85 % notes payable were converted to common stock in January 2005.(3)
    
    Conversion of these securities would result in issuance of 2,014,716 common shares that are antidulitive; therefore, there are no dilutive shares
added at March 31, 2006. The 5% notes payable were not issued
until September 27, 2005 and September 30, 2005. 9




---



##### Table of Contents



NOTE 5
 COMPREHENSIVE INCOME
  Three Months EndedMarch 31,2006
    
    2005Net income
    
    $
    1,284
    
    
    $
    1,563Foreign currency translation adjustment and other
    
    
    (243
    )
    
    
    (1,886
    )Comprehensive income (loss)
    
    $
    1,041
    
    
    $
    (323
    )
 NOTE 6
 LONG-TERM DEBT
 Convertible Senior Notes due October 1, 2025
   Revolving Line of Credit with Natexis Banques Populaires
  Revolving Line of Credit with Texas Capital Bank, N.A.
  10




---



##### Table of Contents



Convertible Subordinated Notes
  Convertible Debenture
  Interest Payments
  NOTE 7
 ASSET RETIREMENT OBLIGATIONS
   2006
    
    2005Asset retirement obligation January 1
    
    $
    2,225
    
    
    $
    2,331Accretion expense
    
    
    35
    
    
    
    35Property additions
    
    
    14
    
    
    
    Foreign currency translation adjustment
    
    
    49
    
    
    
    (95
    )Asset retirement obligation at March 31
    
    $
    2,322
    
    
    $
    2,271
 11




---



##### Table of Contents



NOTE 8
 GEOGRAPHIC OPERATING SEGMENT INFORMATION
   Three Months Ended March 31, 2006UnitedStates
    
    France
    
    Turkey
    
    Romania
    
    Hungary
    
    TotalRevenues
    
    $
    1,630
    
    
    $
    7,289
    
    
    $
    850
    
    
    $
    
    
    
    $
    
    
    
    $
    9,769Costs and expenses
    
    
    3,194
    
    
    
    3,237
    
    
    
    2,125
    
    
    
    2
    
    
    
    422
    
    
    
    8,980Operating income
(loss)
    
    $
    (1,564
    )
    
    $
    4,052
    
    
    $
    (1,275
    )
    
    $
    (2
    )
    
    $
    (422
    )
    
    $
    789
 Three Months Ended March 31, 2005UnitedStates
    
    France
    
    Turkey
    
    Romania
    
    Hungary
    
    TotalRevenues
    
    $
    1,521
    
    
    $
    4,291
    
    
    $
    602
    
    
    $
    
    
    
    $
    
    
    
    $
    6,414Costs and expenses
    
    
    2,362
    
    
    
    2,197
    
    
    
    653
    
    
    
    3
    
    
    
    
    
    
    
    5,215Operating income
(loss)
    
    $
    (841
    )
    
    $
    2,094
    
    
    $
    (51
    )
    
    $
    (3
    )
    
    $
    
    
    
    $
    1,199
 Total Assets (1)UnitedStates
    
    France
    
    Turkey
    
    Romania
    
    Hungary
    
    TotalMarch 31, 2006
    
    $
    94,959
    
    
    $
    69,184
    
    
    $
    82,666
    
    
    $
    8,984
    
    
    $
    9,372
    
    
    $
    265,165March 31, 2005
    
    $
    46,303
    
    
    $
    56,665
    
    
    $
    23,724
    
    
    $
    1,547
    
    
    $
    
    
    
    $
    128,239
 
 (1)
    
    Each segments assets reflect the effect of intersegment eliminations. NOTE 9
 INCOME TAXES
  12




---



##### Table of Contents



ITEM 2
 MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
 DISCLOSURES REGARDING FORWARD-LOOKING STATEMENTS
  EXECUTIVE OVERVIEW
    
    
    Operating income of $789,000, compared with $1.2 million for the three months ended
March 31, 2005,
    
    Production of 176 MBOE,
    
    Cash flows from operating activities of $4.6 million,
    
    Successful testing of the Dogu Ayazli #1 and #2 in South Akcakoca Sub-basin, offshore
Turkey,
    
    The Fauresti-185 well was successfully re-entered and is being completed as a gas
producer. In initial testing, the well flowed approximately 2.0 million cubic feet of gas
per day (MMcfd) with 15 barrels of associated condensate,
    
    The production facility in the Fauresti Field has been completed and tested, and a
pipeline connecting the facility to the national gas distribution system is under
construction and is expected to be completed in the next few weeks.
 13




---



##### Table of Contents



LIQUIDITY AND CAPITAL RESOURCES
  Liquidity
   Senior Debt
   14




---



##### Table of Contents



Preferred Stock
  Private Placement
  Convertible Senior Notes
  Dividend and Interest Requirements
    Contractual Obligations
  15




---



##### Table of Contents



CRITICAL ACCOUNTING POLICIES
  Successful Efforts Method Of Accounting
    16




---



##### Table of Contents



Reserve Estimates
  Impairment of Oil and Natural Gas Properties
  17




---



##### Table of Contents



Future Development And Abandonment Costs
   Income Taxes
   NEW ACCOUNTING PRONOUNCEMENTS
   18




---



##### Table of Contents



RESULTS OF OPERATIONS
 COMPARISON OF THE THREE MONTHS ENDED MARCH 31, 2006 and 2005
  For the Three Months Ended March 31,2006
    
    
    2005
    
    
    
    
    2006
    
    
    2005Production
    
    
    
    
    
    
    
    
    
    Average PriceOil (MBbls):
    
    
    
    
    
    
    
    
    
    Oil ($/Bbl):United States
    
    
    14
    
    
    
    15
    
    
    United States
    
    $
    56.96
    
    
    $
    46.94France
    
    
    125
    
    
    
    97
    
    
    France
    
    
    58.23
    
    
    
    44.15Turkey
    
    
    17
    
    
    
    16
    
    
    Turkey
    
    
    51.62
    
    
    
    36.48Total
    
    
    156
    
    
    
    128
    
    
    Total
    
    $
    57.42
    
    
    $
    43.49Gas (MMcf):
    
    
    
    
    
    
    
    
    
    Gas ($/Mcf):United States
    
    
    118
    
    
    
    125
    
    
    United States
    
    $
    6.12
    
    
    $
    6.17France
    
    
    
    
    
    
    
    
    
    France
    
    
    
    
    
    
    Turkey
    
    
    
    
    
    
    
    
    
    Turkey
    
    
    
    
    
    
    Total
    
    
    118
    
    
    
    125
    
    
    Total
    
    $
    6.12
    
    
    $
    6.17MBOE:
    
    
    
    
    
    
    
    
    
    $/BOE:United States
    
    
    34
    
    
    
    36
    
    
    United States
    
    $
    45.29
    
    
    $
    41.15France
    
    
    125
    
    
    
    97
    
    
    France
    
    
    58.23
    
    
    
    44.15Turkey
    
    
    17
    
    
    
    16
    
    
    Turkey
    
    
    51.62
    
    
    
    36.48Total
    
    
    176
    
    
    
    149
    
    
    Total
    
    $
    55.11
    
    
    $
    42.59
 Revenue
 Oil and natural gas sales
    19




---



##### Table of Contents



Costs and expenses
 Lease operating
  Exploration and acquisition.
  Depreciation, depletion and amortization
  General and administrative
  Loss contingency on insurance receivable
  Other income and expense
  20




---



##### Table of Contents



Income available to common shares
  Other comprehensive income
   Off-balance sheet arrangements
  
 ITEM 3
 QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK
  
 ITEM 4
 CONTROLS AND PROCEDURES
 Evaluation of Disclosure Controls and Procedures
  21




---



##### Table of Contents



Changes in Internal Control over Financial Reporting
     22




---



##### Table of Contents



PART II. OTHER INFORMATION
 
 ITEM 2
 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
  
 ITEM 6
 EXHIBITS
 ExhibitNumber
    
    Description
    
    Incorporation by Reference10.1
    
    Summary Sheet: 2006 Executive Officer Annual Base Salaries
    
    Incorporated by
reference from
Exhibit 10.1 to the
Current Report on
Form 8-K filed on
February 1, 2006.10.2
    
    Summary Sheet: 2006 Short-Term Incentive Compensation Plan
    
    Incorporated by
reference from
Exhibit 10.2 to the
Current Report on
Form 8-K filed on
February 1, 2006.31.1
    
    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
 23




---



##### Table of Contents



TOREADOR RESOURCES CORPORATION,
RegistrantMay 15, 2006
    
    /s/ G. Thomas Graves IIIG. Thomas Graves III
President and Chief Executive OfficerMay 15, 2006
    
    /s/ Douglas W. WeirDouglas W. Weir
Senior Vice President and Chief Financial OfficerMay 15, 2006
    
    /s/ Charles J. CampiseCharles J. Campise
Vice President  Accounting and Chief Accounting Officer
 24