tidelands10k-a123107.htm
UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
 Washington, D. C. 20549
 


FORM 10-K /A

 
 
ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
 
For the year ended: December 31, 2007
 
Commission File Number: 0-29613
 
TIDELANDS OIL & GAS CORPORATION
(Name of small business issuer in its charter)
 
Nevada
66-0549380
(State or other jurisdiction of
 incorporation or organization)  
(I. R. S. Employer Identification No.)
   
1862 West Bitters Rd., San Antonio, TX 78248
(Address of principal executive office)
 
(210) 764-8642
(Issuer's Telephone Number)
 
Securities Registered Pursuant of Section 12(b) of the Act: None
 
Securities Registered Pursuant of Section 12(g) of the Act: Common Stock, $0.001 Par Value
  
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes o   No x
 
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d)  Yes o   No x
 
Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x   No o
 
Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-K in this form, and no disclosure will be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment of this Form 10-K.  o
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definitions of "accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer   o    Accelerated filer   o     Non-accelerated filer   x
 
Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2of the Exchange Act. Yes o  No x
 
The aggregate market value of the issuer's common stock held by non-affiliates was $7,227,149 based on the closing sales price as reported by the NASD OTC Electronic Bulletin Board on April 1, 2008.
 
As of April 1, 2008, there were 178,739,345 shares of the issuer's common stock outstanding.

Documents Incorporated By Reference: None
 
 
 
TIDELANDS OIL & GAS CORPORATION

FORM 10-K/A
 

Explanatory Note
 
Tidelands Oil & Gas, Inc. is filing this Amendment No. 1 on Form 10-K/A to its Form 10-K for the year ended December 31, 2007 to include as an exhibit the consent of Baum & Co. P.A.

This Form 10-K/A does not otherwise amend the Company’s original Form 10-K.


ITEM 15.                      EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
 
The following exhibits are to be filed as part of this 10-K/A:

EXHIBIT NO.
  
DESCRIPTION OF EXHIBIT
  
LOCATION OF EXHIBIT
         
23.2
  
Consent of Baum & Co. P.A.
  
Included with this filing
         
31.1
  
Chief Executive Officer and Chief Financial Officer Section 302 Certification pursuant to Sarbanes - Oxley Act
  
Included with this filing
         
32.1
  
Chief Executive Officer and Chief Financial Officer -Section 906 Certification pursuant to Sarbanes-Oxley Act
  
Included with this filing
         

 

 
SIGNATURES

In accordance with the Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, as of April 18, 2008.

Tidelands Oil & Gas Corporation


By: /s/ James B. Smith                                                                
       James B. Smith
       President CEO, CFO and Director
___________________________

Pursuant to the requirements of the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
Signature
  
Title
  
Date
         
         
/s/ James B. Smith     
 
President, CEO, CFO and Director
  
April 18, 2008
James B. Smith
  
 
    
         
         
/s/ Ahmed Karim       
 
Director
  
April 18, 2008
Ahmed Karim        
         
/s/ Carl Hessel           
 
Director
  
April 18, 2008
Carl Hessel