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Edgar Filing: TIDELANDS OIL & GAS CORP/WA - Form 10-K - page 55 / 83

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Beneficial Conversion Feature -Convertible Debentures

--

--

(756,328)

Cancellation of Stock Previously Issued for Services per Litigation Settlement

(285,000)

(285)

(297,540)

78,495,815

$ 78,497

$ 40,818,174

============

============

============

61,603,359

$

61,604

$ 30,354,195

2,970,000

2,971

4,019,554

7,500,000

7,500

2,505,000

-- ------------

-- ------------

-- ------------

4,993,293

Edgar Filing: TIDELANDS OIL & GAS CORP/WA - Form 10-K

December 31, 2004

Issuance of Common Stock for Services

Exercise of Stock Purchase Warrants

Net Loss

Balance December 31, 2005

6,707

Issuance of Common

Stock for Conversion of Convertible Debentures

6,707,456

See Accompanying Notes to Consolidated Financial Statements

  • -

    6-

TIDELANDS OIL & GAS CORPORATION STATEMENTS OF CONSOLIDATED OPERATIONS YEARS ENDED

December 31, 2005 ------------

December 31, 2004 ------------

55

$

(550,000)

--

--

--

--

--

-- ------------

$ (550,000) ============

December 31, 2003 ------------

$(

--

$( ==

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