Tidelands Oil & Gas Corporation Press Releases

Tidelands Oil & Gas Corporation (OTCBB: TIDE)

April 17, 2003

Tidelands Oil & Gas Corporation - (TIDE) Announces That It Has Completed The Formation de a Partnership With Impact Energy Services, LLC

Tidelands Oil & Gas Corporation (BULLETIN BOARD: TIDE) today announced that it has completed the definitive agreements with Impact Energy Services, LLC to form a partnership for the purpose de constructing and operating a new international pipeline crossing for transporting natural gas and propane/butane into Mexico. Initial funding for the project has been completed and construction will start within the next thirty (30) days with completion de the natural gas facilities scheduled for July 15, 2003. The twelve inch (12") natural gas pipeline will be used to deliver natural gas produced in Maverick County, Texas to a utility in the State de Coahuila, Mexico. The six inch (6") natural gas liquids pipeline, including loading and unloading facilities, will transport a butane/propane mixture into Mexico.

Impact Energy Services, LLC with their partner, The GHK Company, based in Tulsa and Oklahoma City, Oklahoma are fully integrated natural gas companies involved in the exploration, production, gathering, treating, processing and marketing de natural gas. For further information, go to The GHK Company's website at www.ghkco.com .

Robert A. Hefner III, Managing Partner de The GHK Company said, "GHK is pleased to be a partner with Tidelands Oil & Gas Corporation and Impact Energy Services, LLC in these pipelines crossing on the border from Texas into Mexico. We believe the coming years will bring many natural gas business opportunities in Mexico."

Don Jacobsen, President de Impact Energy Services, LLC is, "looking forward to working with Tidelands Oil & Gas Corporation on this project and feels the combination de the two (2) companies is an excellent fit for pursuing this project and additional projects in Mexico."

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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