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Re: lexi2004 post# 183300

Tuesday, 10/21/2008 10:22:43 AM

Tuesday, October 21, 2008 10:22:43 AM

Post# of 617981
hi lexi, good morning. nice article. so no longer own any of the pipeline?

ya don't throw away a divy for da company, imo

excerpt;
TIDE(0.0040)Tidelands Oil & Gas Corporation (TIDE) Announces Sale of Its 20% Membership Interest in Frontera Pipeline LLC


Tuesday, October 21 2008 7:43 AM, EST PR Newswire "US Press Releases "
SAN ANTONIO , Oct. 21 /PRNewswire-FirstCall/ -- Tidelands Oil & Gas Corporation (OTC Bulletin Board: TIDE) today announced the sale on October 14, 2008 of its remaining 20% interest in Frontera Pipeline LLC ("Frontera") to Grand Cheniere Pipeline LLC for $250,000 . Grand Cheniere Pipeline LLC is a subsidiary of Cheniere Energy, Inc. and, prior to this sale, was the 80% owner of Frontera, which owns the U.S. and Mexico subsidiaries engaged in the development of the Burgos Hub project. James B. Smith, President of the Company, stated, "We will use the proceeds from the sale for working capital purposes." The Company is also pursuing the funding of Company operations via the partial sale or financing of its interest in the Port Esperanza project.



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