For
Period Ended: March 31, 2007
oTransition
Report on
Form 10-K
oTransition
Report on Form 20-F
oTransition
Report on Form 11-K
oTransition
Report on Form 10-Q
oTransition
Report on Form N-SAR
For
the
Transition Period
Ended:
Nothing
in this form shall be construed to imply that the Commission has verified
any
information contained herein.
If
the
notification relates to a portion of the filing checked above, identify
the
item(s) to which the notification relates:________________________________
PART
I -- REGISTRANT INFORMATION
Tidelands
Oil & Gas Corporation
Full
Name
of Registrant
Former
Name if Applicable
1862
West
Bitters Rd., Building
1
Address
of Principal Executive Office (Street and Number)
San
Antonio, TX 78248
City,
State and Zip Code
PART
II -- RULES 12b-25(b) AND (c)
If
the
subject report could not be filed without unreasonable effort or expense
and the
registrant seeks relief pursuant to Rule 12b-25(b), the following should
be
completed. (Check box if appropriate)
x |
(a)
|
The
reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
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x |
(b)
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The
subject annual report, semi-annual report, transition report
on
Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or
portion
thereof, will be filed on or before the fifteenth calendar
day following the prescribed due date; or the subject quarterly
report or transition report on Form 10-Q, or portion thereof,
will be filed on or before the fifth calendar day following
the prescribed due date; and
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(c)
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The
accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
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PART
III -- NARRATIVE
State
below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR,
or
the transition report or portion thereof, could not be filed within the
prescribed time period.
The
registrant is in the process of preparing and reviewing the financial and
other
information for the report on form 10-Q for the quarter ended March 31,
2007,
and management does not believe the Form 10-Q can be completed on or before
the
May 15, 2007 prescribed due date without unreasonable effort or
expense.
PART
IV -- OTHER INFORMATION
(1)
Name
and telephone number of person to contact in regard to this
notification
James
B.
Smith
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(210)
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764-8642
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(Name)
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(Area Code)
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(Telephone
Number)
|
(2)
Have
all other periodic reports required under Section 13 or 15(d) of the Securities
Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940
during
the preceding 12 months or for such shorter period that the registrant
was
required to file such report(s) been filed? If answer is no, identify report(s).
Yes x Noo
(3)
Is it
anticipated that any significant change in results of operations from the
corresponding period for the last fiscal year will be reflected by the
earnings
statements to be included in the subject report or portion thereof?
Yes
o
No x
If
so,
attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable
estimate
of the results cannot be made.
Tidelands
Oil & Gas Corporation
(Name
of
Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned
hereunto
duly authorized.
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Dated: May
15, 2007 |
By: |
/s/
James B.
Smith
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James
B. Smith, |
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President
and Chief Executive Officer
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