Tidelands Oil & Gas Corporation - TIDE Announces Identity of Industry Partner

Apr 23, 2001, 01:00 ET from Tidelands Oil & Gas Corporation

    CORPUS CHRISTI, Texas, April 23 /PRNewswire Interactive News Release/ --
 Tidelands Oil & Gas Corporation (OTC Bulletin Board:   TIDE) today announced the
 identity of its industry partner in its wholly owned subsidiary, REEF
 INTERNATIONAL TRANSMISSION & STORAGE, LLC. to be RAINBOW INVESTMENTS COMPANY,
 as a equity partner for the Eagle Pass, Tx./Piedras Negras, Mexico pipeline
 project.
     Rainbow Investments Company is a privately held company whose principal
 has been active in the natural gas pipeline industry for over 40 years.  He
 has been involved in the formation and operation of numerous pipeline
 companies and the construction of hundreds of miles of pipelines in Texas and
 Oklahoma.  The agreement calls for a commitment for financing on the
 International crossing and pipeline infrastructure.
     Michael R. Ward, President of Tidelands Oil & Gas Corporation says, "This
 gives financial capability to complete this project in which Tidelands has
 been developing over the last three years.  This will translate into greater
 net profits for the company, thus increasing shareholder value."
 
      CONTACT:  Tidelands Oil & Gas Corporation, Corpus Christi
                Michael R. Ward, 361/241-2244
                TOGCTIDE@aol.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.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X40991302
 
 

SOURCE Tidelands Oil & Gas Corporation
    CORPUS CHRISTI, Texas, April 23 /PRNewswire Interactive News Release/ --
 Tidelands Oil & Gas Corporation (OTC Bulletin Board:   TIDE) today announced the
 identity of its industry partner in its wholly owned subsidiary, REEF
 INTERNATIONAL TRANSMISSION & STORAGE, LLC. to be RAINBOW INVESTMENTS COMPANY,
 as a equity partner for the Eagle Pass, Tx./Piedras Negras, Mexico pipeline
 project.
     Rainbow Investments Company is a privately held company whose principal
 has been active in the natural gas pipeline industry for over 40 years.  He
 has been involved in the formation and operation of numerous pipeline
 companies and the construction of hundreds of miles of pipelines in Texas and
 Oklahoma.  The agreement calls for a commitment for financing on the
 International crossing and pipeline infrastructure.
     Michael R. Ward, President of Tidelands Oil & Gas Corporation says, "This
 gives financial capability to complete this project in which Tidelands has
 been developing over the last three years.  This will translate into greater
 net profits for the company, thus increasing shareholder value."
 
      CONTACT:  Tidelands Oil & Gas Corporation, Corpus Christi
                Michael R. Ward, 361/241-2244
                TOGCTIDE@aol.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.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X40991302
 
 SOURCE  Tidelands Oil & Gas Corporation