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TOREADOR ROYALTY ANNOUNCES OPTION-FARMOUT AGREEMENT IN DALHART BASIN

 DALLAS, Feb. 8 /PRNewswire/ -- Toreador Royalty Corporation (NASDAQ: TRGL) announced today that it had granted a 17,900 acre 3-D seismic Option-Farmout Agreement covering a portion of its 34,400 acre oil and gas lease on the Proctor Ranch in Hartley and Oldham Counties, Texas.
 Under the terms of the agreement, the operator has one year to conduct seismic operations and select various lease blocks for drilling. The primary terms of the Leases at the end of the option term range from six months to two years. Seismic operations are expected to commence this summer. Toreador has the right to participate with a one-eighth interest in the seismic evaluation of 3,200 acres within the 17,900 acre block. This 3,200 acre tract contains several leads based on 2-D seismic.
 Toreador Royalty Corporation also owns 75 percent of the minerals underlying the 34,400 acre oil and gas lease on the Proctor Ranch.
 Peter Vig, Toreador chairman, stated, "This is the second planned 3-D survey on Toreador's minerals. These 3-D agreements generate significant option bonus income to Toreador as well as offering the potential for lease bonuses and, ultimately, royalty income from any discoveries." Vig also noted that, "The company is having preliminary negotiations with several other operators regarding 3-D agreements covering portions of the company's minerals in the Palo Duro Basin and Matador Arch as well as in the Dalhart Basin. The company is optimistic regarding the impact of 3-D seismic on the exploitation of its large mineral base."
 Toreador owns in excess of 500,000 net mineral acres located primarily in the Texas Panhandle and Northwest 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".
 -0- 2/8/92
 /CONTACT: Peter R. Vig, chairman of Toreador Royalty Corporation, 214-220-2141/
 (TRGL)


CO: Toreador Royalty Corporation ST: Texas IN: OIL SU:

SM -- NY099 -- 4287 02/08/93 16:57 EST
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Publication:PR Newswire
Date:Feb 8, 1993
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