09:01 EST Tuesday, January 25, 2005
SAN ANTONIO, Texas, Jan. 25 /PRNewswire-FirstCall/ -- Tidelands Oil & Gas Corporation (OTC Bulletin Board: TIDE), welcomes Jason Jones as the Executive Vice President de Sonterra Energy. As announced on November 2, 2004, Sonterra Energy ("Sonterra"), a wholly owned subsidiary de Tidelands Oil & Gas Corporation, will focus its business activities on the delivery and distribution de propane/butane to residential and commercial developments near Austin, Texas. As the residential and commercial developments in subdivisions around the Lake Travis, North Austin area grow in number, Sonterra will accommodate these demands within the region. Recently, Sonterra acquired 15 high-end subdivisions around the Lake Travis, North Austin area; additionally, Sonterra entered into a construction contract with Centex Destination Properties to expand the North Shore subdivision with propane/butane pipelines and services for this exclusive subdivision.
Mr. Jones will oversee and administrate Sonterra's office, as well as develop opportunities to expand and broaden the scope of Sonterra's presence in the undeveloped properties around the North Austin, Texas region. Mr. Jones attended Texas A&M University - College Station, where he received a BBA in Finance. He has previous work experience in the financial services industry with Merrill Lynch and Morgan Stanley and is well versed in the areas de corporate development.
Michael Ward, President and CEO de Tidelands Oil & Gas Corporation, stated, "The North Austin region will translate into vast opportunities for Sonterra Energy and we sought a dynamic and energetic individual who would exhaustively explore and develop these opportunities. We are confident we have found that individual in Jason Jones and are pleased to add him to our Management Team."
Jason Jones stated, "Sonterra Energy and its business activities can potentially provide significant growth for Tidelands and I am delighted to be at the helm de Sonterra as we implement our business plan. I look forward to developing Sonterra's potential for growth in the North Austin, Texas region and working with Tidelands' Management Team."
About Tidelands Oil & Gas Corporation
Tidelands Oil & Gas Corporation, San Antonio, Texas, focuses its business on international pipeline crossings, gas processing plants and gas storage facilities. Through its seven wholly-owned subsidiaries, Tidelands offers a full suite of services and has the capability to satisfy a wide variety of customer needs, both domestically and internationally. For more information about the Company, please visit http://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.
Investor Contact:
Barry Gross
Gross Capital, Inc.
361-949-4999
barry@grosscapital.com
Company Contact:
Michael Ward
Tidelands Oil and Gas
210-764-8642
info@tidelandsoilandgas.com
SOURCE Tidelands Oil & Gas Corporation
CONTACT: investors, Barry Gross de Gross Capital, Inc., +1-361-949-4999, or barry@grosscapital.com , for Tidelands Oil & Gas Corporation; or Michael Ward of Tidelands Oil & Gas Corporation, +1-210-764-8642, or info@tidelandsoilandgas.com
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