tidelands-nt10k12312007.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
12b-25
Notification
of Late Filing
Commission
file Number: 000-29613
(Check
one)
x
Form 10-K and Form 10-KSB o
Form 11-K o
Form 20-F o
Form 10-Q and Form 10-QSB o
Form N-SAR
For the
period ended: December
31, 2007
o Transition Report on
Form 10-K and Form 10-KSB
o Transition Report on
Form 20-F
o Transition Report on
Form 11-K
o Transition Report on
Form 10-Q and Form 10-QSB
o Transition 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 related to a portion of the filing checked above, identify the
item(s) to which notification relates:
____________________________________
PART
I -- REGISTRANT INFORMATION
Full name
of Registrant: Tidelands Oil & Gas
Corporation
Former
name if applicable:
Address
of principal executive office:
1862 West
Bitters Road, Building 1
City,
State and Zip Code: San Antonio, Texas
78248
PART
II -- RULE 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 detail in Part III of this form could not be
eliminated without unreasonable effort or
expense;
|
|
o
|
(b)
The subject annual report, semi-annual report, transition report of Forms
10-K, 10-KSB, 20-F, 11-K or Form N-SAR, or portion thereof will be filed
on or before the 15th calendar day following the prescribed due date; or
the subject quarterly report or transition report on Form 10-Q, 10-QSB, or
portion thereof will be filed on or before the fifth calendar day
following the prescribed due date;
and
|
|
o
|
(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 the reasons why Forms 10-K, 10-KSB, 11-K, 20-F, 10-Q,
10-QSB, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if
needed.)
The registrant is
in the process of preparing and reviewing the financial and
other information for the report on form 10-K for the year
ended December 31, 2007, and management does not believe the Form 10-K can
be completed on or before the March 31, 2008
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 the answer is no,
identify report(s).
x YES o No
(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?
o YES x No
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 thereunto
duly authorized.
| Date: March 31,
2008 |
By: /s/ James B.
Smith |
| |
James B. Smith,
Chief Executive Officer |