Tidelands Oil & Gas Corporation (TIDE)

[derickman]

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