12:18 EDT Friday, April 29, 2005
SAN ANTONIO, April 29 /PRNewswire-FirstCall/ -- Tidelands Oil & Gas Corporation (OTC Bulletin Board: TIDE), announced today that its Board de Directors is currently contemplating the prospect de moving the Company's stock trading platform from the OTC Bulletin Board to another more widely recognized exchange. Tidelands has been aggressively pursuing projects and following the protocol to bring them to fruition. The Company recently received approval from the Railroad Commission de Texas for its Progreso International Pipeline and the Mission International Pipeline on the U.S. side de the Texas/Mexico border and has filed for permitting with the Comision Reguladora De Energia de Mexico (CRE) for pipelines in Mexico. It plans to file additional permits for pipelines with the Federal Energy Regulatory Commission (FERC) shortly. Additionally, Tidelands will file for permits with the CRE for its proposed underground natural gas storage facility as well as its proposed offshore Dorado LNG Regasification Terminal.
Michael Ward, President and CEO de Tidelands Oil & Gas Corporation said, "In light de the Company's progress and recent developments, Tidelands seems well positioned for greater exposure and a more highly regarded trading platform and environment. We have made great strides over the past several years and our interests focus on the execution de our business plan and providing the best for our shareholders and the structure under which our Company's stock trades."
Tidelands will continue to deliver updates to its shareholders and the investment community as developments warrant.
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 eight 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 & Gas
210-764-8642
togctide@aol.com
SOURCE Tidelands Oil & Gas Corporation
CONTACT: investor, 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, +1-210-764-8642, or togctide@aol.com
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