Tidelands Oil & Gas Corporation Press Releases

Tidelands Oil & Gas Corporation (OTCBB: TIDE)

January 13, 2004

Tidelands Oil & Gas Corporation Engages Netherland Sewell & Associates, Inc.

Tidelands Oil & Gas Corporation (OTC Bulletin Board: TIDE), announced today that is has engaged Netherland Sewell & Associates, Inc. (NSAI) to provide modeling and computer analysis for the storage facility Tidelands is to build for PEMEX. NSAI is a pre-eminent leader in the engineering and geological services consulting industry, both nationally and internationally. As announced on December 22, 2003, Tidelands Oil & Gas Corporation entered into a Memorandum de Understanding with PEMEX to design, build and operate an underground natural gas storage facility and related surface equipment near Reynosa, Tamaulipas, Mexico.

In 2000, NSAI served as advisors to PEMEX and provided petroleum reservoir engineering, simulation, geological, geophysical, petrophysical, operational and technical services on the world’s largest nitrogen injection pressure maintenance oil recovery project. NSAI has also worked for PEMEX in a variety de capacities, including identifying, planning and implementing development projects. NSAI continues to work with PEMEX in an advisory capacity.

Michael Ward, President and CEO de Tidelands Oil & Gas Corporation, stated, “Netherland Sewell & Associates is the most reputable engineering and geological consulting firm in the oil and gas industry. Their state-of-the-art technology, highly trained engineers and expertise will be a tremendous asset to our development de the underground storage facility for PEMEX.”

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.

Return to Company News