FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * IMPACT INTERNATIONAL L L C   2. Issuer Name and Ticker or Trading Symbol TIDELANDS OIL & GAS CORP [TIDE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 111 W 5TH STREET, SUITE 720 3. Date of Earliest Transaction (Month/Day/Year) 02/18/2005 (Street) TULSA, OK 74103-4261 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 02/18/2005   S   8,000 D $ 1.71 753,480 D (1) (2)   Common Stock 02/18/2005   S   3,500 D $ 1.72 749,480 D (1) (2)   Common Stock 02/18/2005   S   2,000 D $ 1.7 747,980 D (1) (2)   Common Stock 02/18/2005   S   6,500 D $ 1.68 741,480 D (1) (2)   Common Stock 02/18/2005   S   2,000 D $ 1.67 739,480 D (1) (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Common Stock

$ 0.335

04/16/2003

04/16/2006

Common Stock

8,500,000

8,500,000

D (1) (2)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
IMPACT INTERNATIONAL L L C 111 W 5TH STREET, SUITE 720 TULSA, OK 74103-4261		X

Signatures

Impact International, LLC		02/22/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Impact International, L.L.C. is the beneficial owner as that term is used in Section 4(b)(v) of the General Instructions for filing of Form 4. Impact International, L.L.C. is owned sixty-eight percent (68%) by Impact Energy Services, L.L.C., an Oklahoma limited liability company ("Impact Energy"), and thirty-two percent (32%) by Ramiiilaj, A Limited Partnership ("Ramiiilaj"). However, pursuant to the Operating Agreement of Impact International, L.L.C. (the "Operating Agreement"), as amended effective for all purposes as of April 16, 2003, the net proceeds of the Warrant received by Impact International, L.L.C. upon exercise of the Warrant will be allocated to the capital account of Impact Energy. Impact Energy is owned in equal shares by Impact Partners, L.L.C., an Oklahoma limited liability company ("Impact Partners") and Potato Pipeline Company, L.L.C., an Oklahoma limited liability company ("Potato Pipeline").
(2)	Impact Partners is owned in forty-five percent (45%) by Donald T. Jacobsen, twenty-three percent (23%) by Larry D. Woodson, fourteen percent (14%) by Gregory L. Brooks, nine percent (9%) by Robert W. Shain, and nine percent (9%) by Chris K. Corcoran. Each of the foregoing ownership percentages has been rounded up or down to the nearest percent. The Robert A. Hefner Trust No. 1 and The Eva Hefner Trust No. 1 each own a fifty percent (50%) interest in Potato Pipeline. Impact Energy, Impact Partners, Potato Pipeline, Mr. Jacobsen, Mr. Woodson, The Robert A. Hefner Trust No. 1 and the Eva Hefner Trust No. 1 are referred to herein as the "Additional Persons." The address for each of the Additional Persons is as set forth above for Impact.

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