Tidelands Oil & Gas Corporation (OTCBB: TIDE)
May 21, 2003
Tidelands Oil & Gas Corporation - (TIDE) Announces That Reef International, LLC Has Commenced Construction on Its International Pipeline Project Located On The Mexico Border Between Eagle Pass, TX. and Piedras Negras, Mexico
Tidelands Oil & Gas Corporation (BULLETIN BOARD: TIDE) Tidelands Oil & Gas Corporation (BULLETIN BOARD: TIDE) today announced that Reef International, LLC has commenced construction on its International Pipeline Project between Texas and Mexico. Tidelands Oil & Gas Corporation formed a partnership with Impact Energy Services, LLC to form a joint venture for the purpose de constructing and operating a new international pipeline crossing.
The 12" natural gas pipeline will be used to deliver natural gas produced in Maverick County, Texas and redelivered to a utility in the State de Coahuila, Mexico. The 6" natural gas liquids pipeline, including loading and unloading facilities, will transport a butane/propane mixture into Mexico.
Construction bids were awarded to R&R Contractors/Pickett Measurement of Corpus Christi, Texas for the first phase de construction which includes all measurement skids, pig stations and odorization stations for the pipeline. Estimated completion for the pipeline is early September 2003.
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.
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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