(OTC: TIDE) Gets Mexican Pipeline Construction Permit
(CybeRelease, June 7, 2006) - Lake Harmony, PA - Tidelands Oil & Gas Corporation (OTCBB: TIDE), announced today that TERRANOVA ENERGIA, S. de R.L. de C.V. has been awarded a Permit by the Comision Reguladora de Energia de Mexico (“CRE”) to begin construction of the Terranova Occidente and Oriente pipeline portions of its Burgos Hub Export/Import Project (“Project”). Permit #G/183/TRA 2006 was formally awarded, along with “Resolucion de la CRE #RES/104/2006,” to Terranova Energia yesterday. The request for permitting was filed with the CRE on March 18, 2005 through Tidelands’ Mexican subsidiary, Terranova Energia, S. de R.L. de C.V., and was accepted for full review by the CRE on June 14, 2005.
The Project encompasses several integrated components inclusive of bi-directional pipelines, an underground natural gas storage facility, an offshore LNG regasification terminal and additional related pipelines to provide Northeast Mexico with a viable energy infrastructure to service its residential, industrial and commercial customers.
To read the complete release, go to http://www.CybeRelease.com/tide6706.htm
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