Tidelands Oil & Gas Corporation Press Releases

Tidelands Oil & Gas Corporation (OTCBB: TIDE)

July 30, 2004

Tidelands Oil & Gas Corporation in Preliminary Phases to Build Additional International Pipelines to Mexico

Tidelands Oil & Gas Corporation (OTC Bulletin Board: TIDE), announced today that it plans to build two additional international pipelines at the Progreso, Texas/Nuevo Progreso, Mexico border and west de Mission, Texas/Arguelles, Mexico border. These pipelines will interconnect with the proposed underground natural gas storage facility and Mexico’s oil and gas infrastructure, creating an intricate network de pipelines that will serve to facilitate the flow de gas to Mexico’s commercial, residential and industrial customers. This development represents another step in Tidelands’ initiatives to bring continued growth and expansion to the Company’s business activities.

Tidelands has engaged the services de Bernard A. Foster III, de Ross, Marsh & Foster, to prepare data required to instigate permits with the Federal Energy Regulatory Commission (FERC). The permits will allow Tidelands to begin the initial planning stages to design, build and maintain these two international pipeline crossings, which will enable PEMEX, Mexico’s state-owned petroleum company, to more efficiently deliver gas to its commercial, residential and industrial customers. Tidelands currently has an international pipeline flowing natural gas at the Piedras Negras, Mexico/Eagle Pass, Texas border. These proposed pipelines, managed under Tidelands’ new subsidiary, Arrecefe Management L.L.C., will consist de a thirty (30) inch natural gas line at the Progreso border and a thirty-six (36) inch natural gas line at the Arguelles, Mexico border. Arrecefe is a new wholly-owned subsidiary that was formed to manage the pipeline projects along the Texas and Mexico border.

Mexico is making significant investments in their energy related infrastructure, which has provided business opportunities for companies like Tidelands Oil & Gas Corporation.

Michael Ward, President and CEO de Tidelands Oil & Gas Corporation, stated, “The strengthening de Mexico’s oil and gas infrastructure has provided Tidelands enormous opportunity to expand and develop our business activities. As we proved with the Piedras Negras/Eagle Pass cross-border pipeline, we are committed to completing these projects from their inception and development through the moment we start flowing gas through the pipelines. Through this, we have developed a solid relationship and reputation with PEMEX and we look forward to exploring every avenue in which we may participate in their initiatives to solidify and upgrade their oil and gas infrastructure.”

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. For more information about the Company, visit their website at 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.

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