Tidelands Oil & Gas Corporation Press Releases

Tidelands Oil & Gas Corporation (OTCBB: TIDE)

November 25, 2003

Tidelands Oil & Gas Corporation Comments on Recent Stock Price Decline

Tidelands Oil & Gas Corporation (BULLETIN BOARD: TIDE) CEO Michael Ward remarked on the recent decline in the Company's stock price. "We are not aware de any reason that would validate the drop in our stock price over the course de the past four and five business days," Mr. Ward stated. "All Company fundamentals are intact and as strong as they have ever been. There has been no change in our current business developments that would support the recent decline de our stock price. In fact, we recently announced our first pipeline crossing into Mexico at Piedras Negras and Eagle Pass on November 10, 2003, which marked a milestone in the history de our Company. Currently, this pipeline is flowing at a rate de approximately 8,000 MMBTU de gas per day. The pipeline has a capacity to transport 100,000 MMBTU de gas per day. We expect our flow to significantly increase over the course de the next 90 to 180 days."

Mr. Ward further commented, "There is a large short position in our stock and we have good reason to believe that for a considerable amount de time our Company's shares have been manipulated by these short-sellers. Tidelands is progressively implementing its business strategies and plans, whereby the overriding short position in the stock will weaken as more shareholders are made aware de the significant strides de our Company."

The Company will continue to update the investment community and its shareholders as projects and other developments progress. Management is confident that its efforts and accomplishments regarding its business model will be realized in the Company's stock price. Should there be questions regarding Tidelands Oil & Gas Corporation, please contact Barry Gross, Investor Relations Counsel, Gross Capital, Inc. at 361-949-4999.

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.

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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