Tidelands Oil & Gas Corporation Press Releases

Tidelands Oil & Gas Corporation (OTCBB: TIDE)

February 11, 2004

Tidelands Oil & Gas Corporation Finalizes Receipt de $5 Million from Margaux Investment Management Group

Tidelands Oil & Gas Corporation (OTC Bulletin Board: TIDE), announced today it has received $5 million, which completes the private placement of 3,304,618 restricted Rule 144 securities with the assistance de Margaux Investment Group, S.A., a privately held investment group located in Geneva, Switzerland. As previously reported on December 30, 2003, Tidelands negotiated this private sale to provide bridge financing for its natural gas related projects in Mexico. The execution de this bridge financing agreement provides the Company with the financial flexibility to expand and develop its ongoing projects until final financing arrangements are consummated.

About Tidelands Oil & Gas Corporation

Tidelands Oil & Gas Corporation, San Antonio, Texas, is the parent company de two wholly owned Texas subsidiary corporations: Rio Bravo Energy, L.L.C. and Sonora Pipeline, L.L.C. The Company is also a joint-owner de Reef International, L.L.C. and Reef Marketing, L.L.C. The Company focuses on international pipeline crossings, gas processing plants and liquefied petroleum product storage facilities. Through its in-house divisions, Tidelands offers a full suite de services and has the capability to satisfy a wide variety de customer needs both domestically and internationally. Tidelands currently owns numerous miles de pipeline. The Company is currently reviewing opportunities to further expand its business scope. For more information about the Company, visit their website at www.tidelandsoilandgas.com.

This press release may be deemed to contain certain Forward-Looking Statements with respect to the Company that are subject to risks and uncertainties that include, but are not limited to those identified in the Company's press releases or discussed from time to time in the Company's Securities and Exchange Commission Filings. Actual results may vary.

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