tidelands-ext093007.htm

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
FORM 12b-25
 
NOTIFICATION OF LATE FILING

 
(Check one): oForm 10-K   oForm 20-F   oForm 11-K   x Form 10-Q   o Form N-SAR   oForm N-CSR
 
 
For Period Ended: September 30, 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;
     
x
(b)
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
     
 
(c)
The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
     
 

 
 

 
 
 
 
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 September 30, 2007, and management does not believe the Form 10-Q can be completed on or before the November 14, 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
(210)
764-8642
(Name)
(Area Code)
(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.
 
     
   
     
Dated: November 13, 2007
By:
/s/ James B. Smith                                    
 
James B. Smith
 
President and Chief Executive Officer