10:31 EDT Wednesday, June 08, 2005
SAN ANTONIO, June 8 /PRNewswire-FirstCall/ -- Tidelands Oil & Gas Corporation (OTC Bulletin Board: TIDE), announced today that its wholly owned subsidiary, Sonora Pipeline, LLC, has received approval de the pre-filing process with the Federal Energy Regulatory Commission ("FERC"). Sonora Pipeline, LLC has been issued an effective Docket Number from FERC to initiate a National Environmental Policy Act ("NEPA") pre-filing review de the United States portion de its proposed Burgos Hub Export/Import Project ("Project"). For reference purposes, Docket Number PF05-15-000 has been assigned this project. The Project is a North American project involving gas transmission pipelines that will be located in both the United States and Mexico. As described in Tidelands' press release dated May 26, 2005, the Project will serve to alleviate the growing demand for natural gas in the Burgos Hub Area of Mexico inclusive de residential, commercial and industrial demands.
Sonora Pipeline, LLC, in conjunction with Tidelands' website, will establish a publicly available web link for the Project, providing pertinent information on the Project's status. This link should be established and available soon.
Tidelands will continue to update its shareholders 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: 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 togctide@aol.com
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