July 21, 2005 10:12 ET

Tidelands Oil & Gas Hires HSBC Securities (USA) Inc. to Provide Financial Advisory for Texas/Mexico Project, Announces The IO Circuit

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IOCircuit.

LAKE HARMONY, PA -- (MARKET WIRE) -- July 21, 2005 -- The IO Circuit recommends Tidelands Oil & Gas Corporation (OTC BB: TIDE), which announced today that Tidelands and its wholly owned subsidiary, Terranova Energia, S. de R.L. de C.V., have engaged HSBC Securities (USA) Inc. in a financial advisory role to provide independent financial structuring and consulting in connection with the development, construction, completion, financing and ownership of the integrated gas pipelines, storage and liquefied natural gas ("LNG") project in Northeast Mexico and South Texas. HSBC will assist Tidelands in exploring financial alternatives that could include a variety of financial structures to fund the approximately US$1 billion cost involved in this complex project. HSBC will provide global advisory capability to Tidelands and Terranova with teams located in New York, Mexico City, London and elsewhere to satisfy the financial requirements surrounding this project.

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