Tidelands Oil & Gas Corporation (TIDE)

[tedwitt]

Wyatt;
Look into the prices of natural gas in europe and the LNG terminals springing up like flowers due to the miss trust of Russian natural gas supplies. No cargoes of LNG will be coming this way for some time. The Crib Basin LNG producers are the only ones looking at the US. Do the numbers. I have conversed with Tide and their consultants going back to 2002, this is a market result not a crappy company. I do not see Tide doing much of anything until the power plant construction & perferred fuel supply is resolved in texas. Start looking at the proposed base load natural gas fueled power plants and keep in mind that only 3 of the proposed 18 coal fueled power plants in texas survived the economic test.