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I agree with you on the volume.
I was thinking of a double or maybe even a triple of the current volume.
The Company Web site is up and running again; anybody else notice that? I thought that Monday news was very positive and informative especially considering the current share price.
Seems to me that somebody or thing does not want this company to rebound. They must have gotten wind on Friday of the PR coming out on Monday as evidenced by the big volume increase on Friday.
IN MEXICO
From reading some recent articles it looks like a "Love Fest" just may break out in Mexico with the PRI and the PAN. The present PRD Chairman saying he is against taking over Congress again; as his party did earlier in the year to put a halt to Energy Reform.
Can TIDE hold on for a little while longer waiting for Energy Reform being passed and a possible lucrative storage permit.
What is MGI doing these days?
http://www.mexicotodayblog.com/
10K/A
Explanatory Note
Tidelands Oil & Gas, Inc. is filing this Amendment No. 1 on Form 10-K/A to its Form 10-K for the year ended December 31, 2007 to include as an exhibit the consent of Baum & Co. P.A.
This Form 10-K/A does not otherwise amend the Company’s original Form 10-K.
I agree and approve of your message.
Also, it should be mostly good for TIDE from here on.
Subsequent Events
On January 23, 2006 the Company signed a Letter of Intent with Global Cornerstone Group, Inc. (Global) whereby the Company will acquire 100% of the issued and outstanding shares of common stock of Global, for approximately 95% of the issued and outstanding shares of the Company at the time of the transaction. This transaction will occur on or about the same time that the management of the Company will acquire all of the operations of the Company leaving the Company with no assets and or liabilities. These transactions will close no later than April 30, 2006 unless the date of closing is extended by mutual agreement.
here is the latest on SCal... BP or Occidental??
looks hot.. Maul says ,,several technology options are still being evaluated for the floating terminal,,, industry speculation, BP or Occidental as partner.. Occidental says it has no knowledge of this..
Houston technology company is leading the race for LNG terminal
Torp short odds for Long Beach
By Upstream staff
TORP Technology, a Houston-based company owned by Norwegian interests, is a leading contender for the design and development of an offshore regasification terminal for the proposed Esperanza project off Long Beach, California.
Torp's HiLoad concept, essentially a floating forklift that latches onto the side of liquefied natural gas carriers, is already a favourite of Esperanza sponsor Tidelands Oil&Gas.
The small San Antonio operator and its Mexican subsidiary Terranova Energia recently reiterated their full commitment to Torp Technology and its patented HiLoad for importing LNG off north-east Mexico.
Terranova also advised that it has "concerns over LNG supplies for near term delivery" in the Atlantic basin and US Gulf.
"Supplies available for delivery in the Atlantic basin are either contracted for or going to alternative markets," Terranova said in a statement released to Upstream, with imports not appearing likely "until around 2011 to 2013".
With the initial disclosure of the Esperanza project on 4 April, it is quite possible a HiLoad could jump the line ahead of the Mexican project and appear on the southern Californian horizon by 2010.
However, a HiLoad model specifically designed to address California's particular environmental concerns is likely to be required.
This design is expected to feature both zero discharge and zero emissions in an attempt to take the breath out of the arguments of Californian environmentalists.
Torp chief executive Lars Odeskaug declined to comment.
However, those features still may not be enough. Already, the mayor of Malibu Andy Stern is pledging the city's financial and legal resources to fight BHP Billiton's proposed Cabrillo Port regasification terminal.
David Maul, a former manager of the California Energy Commission's Natural Gas Office and a key proponent for Esperanza, said several technology options are still being evaluated for the floating terminal.
"We're still in the process of seeking input from all the parties and we're setting up meetings with stakeholders," he said.
Industry speculation has focused on names like BP or Occidental as oil majors that could be interested in providing the financial backing that Tidelands alone lacks. An official with Occidental in Houston said he had no knowledge of any participation.
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12 April 2006 23:01 GMT | last updated: 13 April 2006 04:44 GMT
http://www.upstreamonline.com/hardcopy/news/article108333.ece
could it be possible,,,
with the merger and rs that the company could qualify for another exchange...
for instance nasdaq..
http://www.nasdaq.com/about/listing_information.stm
it seems to me that it could be possible that they could qualify,, but do not know what type of assets Global has..
can someone point out the nay's and the yay's ,,,
Tidelands picks California team
By Upstream staff
Texas-based Tidelands Oil&Gas is expected by the end of the month to reveal the identity of its main partners and the technology it will use for its proposed regasification scheme off southern California, writes Anthony Guegel.
The decisions could come shortly after Easter, according to Tidelands president Michael Ward. The company set up a new subsidiary last month named Esperanza Energy related to an ongoing feasibility study designed to develop an offshore LNG terminal.
Several sites in southern California are said to be under evaluation up to 20 kilometres off the greater Long Beach area.“We are well down the road,”commented Ward about the progress of the feasibility exercise.
Esperanza has enlisted a key ally in David Maul, former manager of the California Energy Commission´s Natural Gas Office.
06 April 2006 23:02 GMT | last updated: 07 April 2006 11:00 GMT
NEWS RELEASE
FOR IMMEDIATE RELEASE
ESPERANZA ENERGY EVALUATING SOUTHERN
CALIFORNIA OFFSHORE LNG RECEIVING TERMINAL
***
Assembles Best-In-Class Team of Industry And
Environmental Experts To Aid Design and Siting Evaluation Process
LONG BEACH, California, April 4, 2006 – Esperanza Energy LLC, a newly formed subsidiary of Tidelands Oil & Gas Corporation (OTCBB: TIDE), announced today that the company is evaluating the feasibility of developing an offshore, deep-water Southern California liquefied natural gas (LNG) receiving terminal. Although a specific site off the Southern California coast has not been determined at present, the company is focusing its evaluation on several potential sites up to 12 miles offshore of the greater Long Beach area.
“Our goal is to develop a LNG import terminal that can play an important role in meeting California’s growing energy needs by providing competitively priced natural gas to supplement that which is currently transported into the state by long-distance pipelines,” stated Esperanza Energy President, Michael Ward. Mr. Ward further stated, “Esperanza will only pursue this project if it can be sited, designed and operated in the safest, most environmentally responsible and economically viable manner possible. Our goal is not to just meet the environmental, public health and safety requirements, but to exceed them.”
Esperanza Energy is initiating a project feasibility study with the assistance of best-in-class LNG, environmental, pipeline and legal experts that include:
David Maul, former manager of the California Energy Commission’s Natural Gas Office;
ENTRIX, Inc., a professional environmental consulting company specializing in environmental permitting and compliance for major offshore oil and gas projects in California and the United States (www.entrix.com);
Project Consulting Services, Inc., a leader in engineering, construction, management and inspection of onshore and offshore pipelines (www.projectconsulting.com);
Pillsbury Winthrop Shaw Pittman, LLP, an interdisciplinary law firm with leading practices in environmental, land use and energy legal advice and in project development and finance (www.pillsburylaw.com).
“As the former head of the California Energy Commission’s Natural Gas Office, I’m intimately familiar with every LNG project on the West Coast,” stated David Maul, President of Maul Energy Advisors. “I chose to work with Esperanza Energy because of the company’s strong commitment to design and build a LNG project that is responsive to California’s unique environmental and regulatory sensitivities.”
“Our preliminary analysis suggests that a site offshore of the Long Beach area would offer considerable benefits to California residents with the greatest respect for environmental and safety issues,” added Mr. Maul. “Before selecting a specific site for developmental consideration, we will confer with key local, regional and state stakeholders.”
About Esperanza Energy LLC
Esperanza Energy LLC, is a wholly owned subsidiary of Tidelands Oil & Gas Corporation and was formed in March 2006 to develop a liquefied natural gas (LNG) receiving terminal and ancillary facilities in the offshore waters of Southern California. Esperanza Energy’s initiative is to help mitigate California’s growing energy needs while remaining committed to best practices from a public safety, community benefit and environmental perspective.
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 ten directly and indirectly 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 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.
MEDIA & PUBLIC RELATIONS
Matt Klink
Cerrell Associates Inc.
323-466-3445
iNVESTOR CONTACT COMPANY CONTACT
Barry Gross Michael Ward
Gross Capital, Inc. Tidelands Oil & Gas
361-949-4999 210-764-8642
barry@grosscapital.com togctide@aol.com
TIDE,, remember also,,
an article out of Mexico this past weekend,, from "El Norte",
the CRE states that Tidelands Natural Gas Storage is their Top priority..
SEC filing,,, looks like we will get details of what is going on around the middle of the month.. I guess it is time to make ones bets or take them off the table..
I am holding mine.. to see what comes of the latest SEC filing and the last two or three news release..
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001019056%252D06...
this was posted on the RB board,, looks to be very good for Tidelands..
http://ragingbull.lycos.com/mboard/boards.cgi?board=TIDE&read=43369
cintrix,, also,, I was not aware of that,,
this is the first company I have had stock in that has announced a merger.
It seems that all is well with the merger,,, Merger's usually help both companies in the long run..
I guess that strike price of 2.00 ,, i.e. they can not sell unless it was 2.00 is to hold off any sort of selling manipulation.. but I think Tilden could buy back during that 6 month time period or at least that is what I think I read,,, of course if it went to 2.00 they could sell,, along with myself and some others more than likely..
anyway,, I think those holding or buying this stock at these levels will be in good shape..
also,, I am also the poster on RB..
I think we will be getting some good news and numbers in our next filing with the SEC,,(annual due out in a couple of weeks)
here is something I found..
The lock-up provision refers to the option granted by a seller to a buyer to purchase a target company’s stock when a takeover offer is made; only the buyer will be able to purchase the stocks from this major or controlling shareholder. Typically, a lockup agreement is required by an acquirer before making a bid and facilitates negotiation progress.
I think the company will be changing its name along with this merger,,,,,,, have any idea what this means... "lock-Up Agreement and Option Purchase"...
While you are having your pizza and brakes done...
what you think of this?
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001019056-06-000300&Type=HTML
got an idea,, who "Global Cornerstone Group, Inc Hauppauge, New York" is.... anyway,,,, here is the letter of intent within the filing..
LETTER OF INTENT
January 23, 2006
Mr. Robert Baskind, President
Tilden Associates, Inc.
300 Hempstead Turnpike
West Hempstead, New York 11552
Re: Tilden Associates, Inc.
Dear Mr. Baskind:
We (Global Cornerstone Group, Inc., ("Global") have contracted to become the principle shareholder of Tilden Associates, Inc. ("TLDN" or the "Company"), a Delaware corporation, located at 300 Hempstead Turnpike, West Hempstead, New York 11552, which is a public corporation, traded on the OTCBB, that at the time of the transaction will have no assets or liabilities and approximately ___ shareholders of record. We have offered to acquire 95% of the issued and outstanding shares of common stock in a merger between the two corporations. Said shares will be newly issued by TLDN in the transaction.
By this Letter Agreement the Company is accepting your offer, subject to the terms and conditions set out below:
1. The transaction will close within 30 days from this date, unless the date of closing is extended by agreement between us, or unless required with respect to Securities and Exchange Commission Filings it shall close when permissible under the Rules and Regulations of the SEC.
2. During the period between this date and the closing, we will cause the current Company officers to provide to you and your attorneys all original corporate books, records and documents for review, as part of your buyer's due diligence. This will specifically include, but not by way of limitation, the original
--------------------------------------------------------------------------------
Minute Books and Stock books of the Company. The Company will have no assets or liabilities at the time of closing. If upon examination of the due diligence by you, this transaction is terminated, the initial good-faith deposit shall be returned to your attorney. Due Diligence shall be completed within Twenty
(20) days.
3. During the period between this date and the closing, you will cause the current Company officers and counsel to provide to us and our attorneys all original corporate books, records and documents for review, as part of your buyer's due diligence, as set forth on schedule A, annexed hereto. This will specifically include, but not by way of limitation, the original Minute Books and Stock books of the Company. The Company will have no liabilities at the time of closing. If upon examination of the due diligence by us is unsatisfactory, we shall notify you and this Letter of Intent shall terminate without any further obligation to either party. Prior to the Closing, the operations and assets and liabilities of TLDN shall be removed from the parent company, pursuant to a MBO.
4. The current management and other insiders of TLDN will agree to a "lock-Up Agreement and Option Purchase" of all shares. The lock-up will be for a period of six (6) months from the date of the closing. At anytime during the six month lock-up period, they agree to give the option to sell their shares at a strike price of $2.00 per share, for any and all shares of common stock. At the expiration of the lock-up period the option will also expire. Thereafter the shareholder are permitted to sell under the limits of Rule 144.
5. The Company will instruct its outside CPA's and attorneys to interface with you, advisers, to provide all information about the Company and answer all questions. The Company will complete and file all Reports and Forms, and any periodic reports that become due prior to closing
6. We will conduct a diligence review of the Company, and will contact directly, or through Agents, the Company's officers, directors, attorneys, outside CPA's, any existing creditors, and any potential creditors, in connection with this review. You will conduct a due diligence review of Global, as directed.
7. As part of the purchase price and consideration paid, the current assets and liabilities of the Company, if any, will be transferred to the current management, leaving the Company with a zero balance sheet.
8. We shall each bear our own costs associated with the transactions contemplated by this Agreement to the point of closing, and the Company will bear the costs of the reverse split and acquisition after you acquire control, as well as compliance with the Securities Exchange Act of 1934, as amended, if applicable, and corporate law requirements. Global agrees that it is responsible for all accounting and audit fees for the filing of Form 10-KSB and all accounting work with respect to the transaction from the accounting firm of Global's choice.
2
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If the above terms are acceptable, please sign below, whereby this shall become a binding Agreement between us.
Very truly yours,
By:
Name:
Accepted and Agreed:
--------------------------------------------------------------------------------
Date:
bigjoeman,, I was told by the CEO last week that Lex Dalton is hiding and ,,, the Judgement of 75.8 million dollars to Lexico still stands,,, maybe that is why they can not find him...
75.8 million dollar judgement has been made to LXXI,, this was done in Denver District Court,,,, MHO, The crooks appealed but I do not think the appealate court bit on it,, they kicked it back to the lower courts rulling,,,,,, The problem is at present,, little monies to hire investigators to look for the money,, MHO, hidden in Offshore accounts probablly,,,,,,
MHO,, This case was about the COB of Lexico,, Lex Dalton,, dumping approximately 10 million shares on the market about 4 years ago..... I believe The judge made his decision on the total based on Corporate Stock Transfer records.... Call Denver District Court ,, ask for Lexico Resources VS lex Dalton ,, the case is logged into the court system..... LXXI has about 45 million shares oustanding ,,,, to the best of my figures LXXI has about 1 million bucks in debt... They also have about 5k acres of drilling rights,, below 9k ft,, in the Uintah Basin,,, the above 9k ft properties are presently being produced..
this comming month,, November 2003,, another case involving 5 million shares that were transfered to an offshore holding company will be settled,, ,,,, This also took place about 4 years ago,,,,
MHO,, looks like some sort of shorting scheme was also taking place.... some elements involved with this company would like to see the company go bankrupt and dissappear... I wonder why??
Tide in an uptrend,, Looks like the Company doing positive things to fight the shorts,,, Financing should not be long off.
OK,, the BOD got in another argument and the price went down to ten cents,,, but hey,, still we are doing good in the past six months,,, from five cents to ten cents,, any way,, looks like we may be waiting a while,, the Auditors have not agreed to do the Audit,, and still lots of strif with factions in the company...
OK,, last report it was five cents, today it closed at thirty two cents,, as high as thirty eight,, with over one hundred K shares traded... This was the result of an agreement between the two factioning sides,,, A shareholders meeting is on the horizon and the stock price should climb with agreements in place.. Looks like a double in price within six months.
Good Luck,, Derickman
Good News, the Company looks like a settlement is in the works, but don't hold your breath, yet. At this price, five and a half cents, Load the Wagon,,,
The management are still in Court (Denver Court) still no resolution. Court Date set for Sept 11. This year,,, The founder of the Company, Lex Dalton, is the person that most of the Prosecution is pointed at for siphoning money from the company into His privately owned Company (Lexico Energy)... Also for selling more that 9million restricted shares,,, The Judge looks He may be on the take and the SEC looks like they may have filed this one as a low priority. The price of the Stock, LXXI, is down to .08 and if things can ever be sorted out and someone developes the Unitah Basin Properties which is an Asset of the Company. Even if the Company would further dilute the shares and issue another 50mm shares for financing the stock would still be worth 1.50 once the lands are exploted.. This is a long term hold.. at least a year...... I am buying as much as I can get at this price....