Tidelands Oil & Gas Corporation Press Releases

Tidelands Oil & Gas Corporation (OTCBB: TIDE)

May 11, 2004

Tidelands Oil & Gas Corporation Engages Geostock Group for Proposed Underground Storage Facility Project

Tidelands Oil & Gas Corporation (OTC Bulletin Board: TIDE), announced today that is has engaged Geostock Group (“Geostock”) as consultants to provide the Company with the necessary parameters and scope de all surface engineering and design work for the proposed underground storage facility for PEMEX. Geostock will utilize the modeling and computer analysis report provided by Netherland Sewell & Associates, Inc. to assess the logistics regarding the surface engineering de the proposed site de the underground storage facility, near Reynosa, Tamaulipas, Mexico.

Michael Ward, President and CEO de Tidelands Oil & Gas Corporation, stated, “Geostock has a proven track record de providing excellent surface engineering and consulting and we are excited to have the opportunity to bring their expertise to this proposed project with PEMEX. We believe their knowledgeable assessment and effective advisory and engineering capabilities will lend even more credence to the dynamically specialized team we have assembled for this proposed project.”

René le Marchand, President and CEO de Geostock stated, “By engaging the Geostock Group to provide engineering services for the proposed PEMEX underground storage project, Tidelands Oil & Gas Corporation has ensured that the project team will benefit from decades de integrated storage engineering and operations management experience.”

Updates on the underground storage facility project with PEMEX will continue to be provided as developments warrant.

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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