**UNITED STATES****SECURITIES AND EXCHANGE COMMISSION****WASHINGTON, D.C. 20549**

**FORM 10-Q**

| [X]                                                     | QUARTERLY REPORT PURSUANT          TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  |
|---------------------------------------------------------|---------------------------------------------------------------------------------------------------|
|                                                    |                                                                                              |
| For the quarterly period ended **June        30, 2004** |
|                                                    |                                                                                              |
| [   ]                                         | TRANSITION REPORT PURSUANT          TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

For the transition period from ________________  to _________________

Commission file number 1-4668

**COASTAL CARIBBEAN OILS  & MINERALS, LTD.**(Exact name of registrant as specified  in its charter) 

(850) 653-9165(Registrant's telephone number, including area  code) 

                                                          (Former name, former address and former fiscal year, if changed since last report)  

     Indicate  by check mark whether the registrant (l) has filed all reports required to be  filed by Section 13 or 15 (d) of the Securities Exchange Act of l934 during  the preceding 12 months (or for such shorter period that the registrant was  required to file such reports), and has been subject to such filing requirements  for the past 90 days. [X] Yes [   ] No
     Indicate  by check mark whether the registrant is an accelerated filer (as defined in  Rule 12b-2 of the Exchange Act). [   ] Yes [X] No
     The number  of shares outstanding of the issuer's single class of common stock as of August  3, 2004 was 46,211,604.
**COASTAL CARIBBEAN OILS & MINERALS,  LTD.****FORM 10-Q   JUNE 30, 2004  Table of Contents**

**PART I - FINANCIAL INFORMATION**
ITEM 1Financial Statements Page             Consolidated          balance sheets at June 30, 2004 and December 31, 2003 3    Consolidated          statements of operations for the three and six month periods ended June          30, 2004 and 2003 and for the period from January 31, 1953 (inception)          to June 30, 2004 4    Consolidated          statements of cash flows for the six month periods ended June 30, 2004          and 2003 and for the period from January 31, 1953 (inception) to June          30, 2004 5    Notes to consolidated          financial statements 6   ITEM 2Management's          Discussion and Analysis of Financial Condition and Results of Operations 9   ITEM 3Quantitative          and Qualitative Disclosure About Market Risk 13   ITEM 4Controls and          Procedures 13    **PART II -          OTHER INFORMATION**     ITEM 5Other Information 14   ITEM 6Exhibits and          Reports on Form 8-K 15    Signatures 16
  

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**COASTAL CARIBBEAN OILS & MINERALS,  LTD.**

**FORM 10-Q**

**PART I - FINANCIAL INFORMATION**

**ITEM 1- Financial Statements****
**CONSOLIDATED BALANCE SHEETS**(Expressed in U.S. dollars)   (A Bermuda Corporation)   A Development Stage Company
 June 30, December 31,     2004 2003    **Assets**(unaudited) (Note) Current assets:            Cash        and cash equivalents$249 $2,875              Prepaid        expenses and other 25,126  87,947                Total        current assets 25,375  90,822           Contingent litigation claim (Note 4) -  -                Total assets$25,375 $90,822           **Liabilities          and Shareholders’ (Deficit) Equity**             Current liabilities:            Accounts        payable and accrued liabilities825,907  805,110       Amounts        due to related parties1,330,018 1,053,800             Total        current liabilities2,155,925 1,858,910           Minority interests -  -        Shareholders' (deficit) equity            Common        stock, par value $.12 per share:               Authorized        - 250,000,000 shares               Outstanding        – 46,211,604, respectively5,545,392 5,545,392       Capital        in excess of par value32,137,811 32,137,811     37,683,203 37,683,203       Deficit        accumulated during the development stage(39,813,753)(39,451,291)   Total shareholders’ (deficit) equity2,130,550)(1,768,088)   Total liabilities and shareholders’        (deficit) equity$25,375 $90,822    
Note: The balance sheet at December  31, 2003 has been derived fromthe audited consolidated financial statements  at that date. 

See accompanying notes.

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**COASTAL CARIBBEAN OILS & MINERALS,  LTD.**

**FORM 10-Q**

**PART I - FINANCIAL INFORMATION**

**ITEM 1- Financial Statements****
**CONSOLIDATED STATEMENTS OF OPERATIONS**(Expressed in U.S. dollars)  (A Bermuda Corporation)  A Development Stage Company   (unaudited) 
             For the              period from              Jan. 31, 1953              (inception)              to June 30,  Three months        ended June        30, Six months        ended June 30, 2004      2004 2003 2004 2003                            **Interest and other income**$0 $84 $0 $537 $3,877,570                       **Expenses:**                  Legal fees and costs77,890 61,060 162,279 180,992  16,734,867    Administrative expenses62,183 122,414 138,100 291,517  9,665,379    Salaries24,758 28,045 49,518 62,162  3,692,491    Shareholder communications6,000 6,000 12,565 12,345  3,961,092    Write off of unproved        properties -  -  -  -  5,560,494    Exploration costs -  -  -  -  247,465    Lawsuit judgments -  -  -  -  1,941,916    Minority interests -  -  -  -  (632,974)   Other -  -  -  -  364,865    Contractual services -  -  -  -  2,155,728        170,831 217,519 362,462 547,016  43,691,323                       **Net loss****$****(170,831****)****$****(217,435****)****$****(362,462****)****$****(546,479****)**                           Deficit accumulated during                  the development stage            $(39,813,753)                              Weighted Average number of shares                  outstanding (basic        &                  diluted)46,221,604 46,221,604 46,221,604 46,221,604                            Net loss per share (basic &$(.01)$(.01)$(.01)$(.01)           diluted)               
See accompanying notes.

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**COASTAL CARIBBEAN OILS & MINERALS,  LTD.**

**FORM 10-Q**

**PART I - FINANCIAL INFORMATION**

**ITEM 1- Financial Statements****
**CONSOLIDATED STATEMENTS OF CASH  FLOWS**(Expressed in U.S. Dollars)  (A Bermuda Corporation)   A Development Stage Company  (unaudited) 
       For the period        from  Six months        ended Jan. 31, 1953  June 30, (inception)   To  2004 2003 June 30, 2004               **Operating activities:**         Net loss$(362,462)$(546,479)$(39,813,754)Adjustments to reconcile net loss to        net cash            used in operating activities:               Minority        interest -  - (632,974)      Write        off of unproved properties -  - 5,619,741       Common        stock issued for services -  - 119,500       Compensation        recognized for stock option grant -  - 75,000       Recoveries        from previously written off properties -  - 252,173    Net change in:                  Prepaid        expenses and other 62,821  152,150 (25,127)         Accounts        payable and accrued liabilities 256,073  66,806 2,114,985     Net cash used in operating activities (43,568) (327,523)(32,290,456)              **Investing activities:**            Additions to oil, gas,        and mineral properties                  net        of assets acquired for common stock and                  reimbursements -  - (3,740,182)   Proceeds from relinquishment        of surface rights -  - 246,733    Purchase of fixed assets -  - (61,649)    Net cash used in investing activities -  - (3,555,098)              **Financing activities:**            Loans from officers 40,942  - 40,942    Sale of common stock        net of expenses -  - 30,380,612    Shares issued upon        exercise of options -  - 884,249    Sale of shares by subsidiary -  50,000 820,000    Sale of subsidiary        shares -  - 3,720,000     Net cash provided by financing activities 40,942  50,000 35,845,803     Net (decrease) increase in cash and cash        equivalents (2,626) (277,523) 249 Cash and cash equivalents at beginning        of period 2,875  292,095  -     Cash and cash equivalents at end of period$249 $14,572 $249     
See accompanying notes.

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**COASTAL CARIBBEAN OILS &  MINERALS, LTD.**

**FORM 10-Q**

**PART I - FINANCIAL INFORMATION**

**ITEM 1********Financial Statements**

 Note 1. Basis  of Presentation

             The accompanying unaudited consolidated financial statements include the Company’s  58.45% owned subsidiary, Coastal Petroleum Company (Coastal Petroleum) and have  been prepared in accordance with generally accepted accounting principles for  interim financial information and with the instructions to Form 10-Q and Rule  10-01 of Regulation S-X. Accordingly, they do not include all of the information  and footnotes required by generally accepted accounting principles for complete  financial statements. In the opinion of management, all adjustments considered  necessary for a fair presentation have been included. All such adjustments are  of a normal recurring nature. Operating results for the three and six month  periods ended June 30, 2004 are not necessarily indicative of the results that  may be expected for the year ending December 31, 2004. For further information,  refer to the consolidated financial statements and footnotes thereto included  in the Company’s Annual Report on Form 10-K for the year ended December  31, 2003. 

 Note 2. Going  Concern

             The Company has a working capital deficiency, has a limited amount of cash,  has incurred recurring losses and has a deficit accumulated during the development  stage. We have been and continue to be involved in several legal proceedings  against the State of Florida which has limited our ability to commence development  activities on our unproven oil and gas properties or obtain compensation for  certain property rights we believe have been taken. The cost of that litigation  has been substantial, which requires the Company to continually obtain additional  capital. 

            The Company has received a  commitment from some of its Officers to loan the Company funds during 2004 which  management believes should be sufficient to fund the Company’s operations  through September 2004, provided that payments to the Company’s litigation  counsel and to the Company’s salaried employee are deferred and provided  further that payments to other Company counsel are also deferred. These loans  totaled approximately $53,500 through August 5, 2004. There can be no assurances  that management will continue to make loans to the Company or that these loans  will allow the Company to continue operations for any significant length of  time. The Company may have to suspend or cease operations and may have to wind  up the Company or be forced into insolvent liquidation under the laws of Bermuda  unless and until the Company can secure additional financing. 

            These situations raise substantial  doubt about the Company’s ability to continue as a going concern. The consolidated  financial statements do not include any adjustments to reflect the possible  future effects on the recoverability and classification of assets or amounts  and classification of liabilities, which may result from the outcome of this  uncertainty.

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**COASTAL CARIBBEAN OILS &  MINERALS, LTD.**

**FORM 10-Q**

**PART I - FINANCIAL INFORMATION**

 Note 3. Litigation

**Florida Litigation******

            Coastal Petroleum has been  involved in various lawsuits for many years. Coastal Petroleum's current litigation  now involves one basic claim: whether the State’s offshore drilling policy  and its denial of a permit constitute a taking of Coastal Petroleum’s property.  In addition, Coastal Caribbean is a party to another action in which Coastal  Caribbean claims that certain of its royalty interests have been confiscated  by the State. 

Lease Taking Case (Lease  224-A)

            On April 7, 2004, Coastal filed a Petition  for Writ of Certiorari with the United States Supreme Court asking the Court  to accept jurisdiction to consider the final judgment of the trial court as  affirmed by the appellate court, finding no taking of Coastal’s property.  On June 15, 2004, Coastal issued a press release announcing the United States  Supreme Court denied the Company’s Petition for Writ of Certiorari. The  Company continues to evaluate its options. 

Royalty Taking Case

             There has been no material change in these proceedings during this quarter.  

Lease Taking Case (Lease  224-B)

            There has been no material  change in these proceedings during this quarter. 

 Note 4. Loss  per share

            Loss per share is based upon  the weighted average number of common and common equivalent shares outstanding  during the period. The Company’s basic and diluted calculations of EPS  are the same because the exercise of options is not assumed in calculating diluted  EPS, as the result would be anti-dilutive (the Company has continuing losses).  

 Note 5. Stock  Options

             The Company has elected to follow Accounting Principles Board Opinion No. 25,  “Accounting for Stock Issued to Employees” (APB No. 25) and related  interpretations in accounting for its stock options because the alternative  fair value accounting provided under FASB Statement No. 123, “Accounting  for Stock Based Compensation,” requires use of option valuation models  that were not developed for use in valuing stock options. Under APB No. 25,  because the exercise price of the Company’s stock options equals the market  price of the underlying stock on the date of grant, no compensation expense  is recognized. 

             Pro forma information regarding net income and earnings per share is required  by Statement 123, and has been determined as if the Company had accounted for  its stock options under the fair value method of that Statement. The fair value  for these options was estimated at the date of grant using a Black-Scholes option  pricing model. 

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**COASTAL CARIBBEAN OILS &  MINERALS, LTD.**

**FORM 10-Q**

**PART I - FINANCIAL INFORMATION**

**ITEM 1********Financial Statements**

Summary of Options Outstanding  at June 30, 2004
GrantedExpirationTotal VestedExercise        Prices ($)      2000March        22, 2010700,000 700,000.91     700,000 700,000.91         (Weighted        Average)Options reserved for 75,000   future grants     
 The assumptions used in the  2000 valuation model were: risk free interest rate – 6.66%, expected life  - 10 years, expected volatility - .741, and expected dividend – 0. Because  the Company’s stock options have characteristics significantly different  from those of traded options, and because changes in the subjective input assumptions  can materially affect the fair value estimate, in management’s opinion,  the existing models do not necessarily provide a reliable single measure of  the fair value of its stock options. 

 Had the Company determined  stock-based compensation based on the fair value of the options granted at the  grant date, consistent with the method prescribed under SFAS No. 123, there  would have been no change to the Company’s net loss for the six months  ended June 30, 2004 and 2003. 

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**COASTAL CARIBBEAN OILS &  MINERALS, LTD.**

**FORM 10-Q**

**PART I - FINANCIAL INFORMATION**

**ITEM 2**      ******Management's  Discussion and Analysis of Financial Condition and********Results of Operations******

**Forward Looking Statements**

            Statements included in Management’s  Discussion and Analysis of Financial Condition and Results of Operations which  are not historical in nature are intended to be forward looking statements.  The Company cautions readers that forward looking statements are subject to  certain risks and uncertainties that could cause actual results to differ materially  from those indicated in the forward looking statements. Among the risks and  uncertainties are: the uncertainty of securing additional loans from management  or others; the uncertainty of securing additional financing through the sale  of shares of Coastal Petroleum and/or Coastal Caribbean; the uncertainty of  any decision favorable to Coastal Petroleum in its litigation against the State  of Florida; and the substantial cost of continuing the litigation. 

**Critical Accounting Policies**

            The Company follows the full  cost method of accounting for its oil and gas properties. All costs associated  with property acquisition, exploration and development activities whether successful  or unsuccessful are capitalized. Since the Company’s properties were undeveloped  and nonproducing and the subject of litigation, capitalized costs were not being  amortized. 

            The capitalized costs are  subject to a ceiling test which basically limits such costs to the aggregate  of the estimated present value discounted at a 10% rate of future net revenues  from proved reserves, based on current economic and operating conditions, plus  the lower of cost or fair market value of unproved properties.

            The Company assesses whether  its unproved properties are impaired on a periodic basis. This assessment is  based upon work completed on the properties to date, the expiration date of  its leases and technical data from the properties and adjacent areas. These  properties are subject to extensive litigation with the State of Florida and  all costs to date have been expensed for impairment.

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**COASTAL CARIBBEAN OILS &  MINERALS, LTD.**

**FORM 10-Q**

**PART I - FINANCIAL INFORMATION**

**ITEM 2**      ******Management's  Discussion and Analysis of Financial Condition and Results  of Operations (Cont’d)**

**Liquidity and Capital Resources**

**Liquidity**

             The Company has a working capital deficiency, has a limited amount of cash,  has incurred recurring losses and has a deficit accumulated during the development  stage. We have been and continue to be involved in several legal proceedings  against the State of Florida which has limited our ability to commence development  activities on our unproven oil and gas properties or obtain compensation for  certain property rights we believe have been taken. The cost of that litigation  has been substantial, which requires the Company to continually obtain additional  capital. 

            At June 30, 2004, Coastal  Caribbean had approximately $250 of cash and cash equivalents available. In  addition, the Company has received a commitment from some of its Officers to  loan the Company funds during 2004 which management believes should be sufficient  to fund the Company’s operations through September 2004, provided that  payments to the Company’s litigation counsel and to the Company’s  salaried employee are deferred and provided further that payments to other Company  counsel are also deferred. These loans totaled approximately $53,500 through  August 5, 2004. There can be no assurances that management will continue to  make loans to the Company or that these loans will allow the Company to continue  operations for any significant length of time.

            Certain directors, officers, legal counsel  and administrative consultants have agreed to defer the payment of their salaries  and fees. At June 30, 2004, the amount of salaries and fees being deferred totaled  approximately $1,330,000. The Company’s annual rental payments on its Florida  leases of approximately $59,000 are due beginning August 31, 2004. The Company  may have to suspend or cease operations and may have to wind up the company  or be forced into insolvent liquidation under the laws of Bermuda unless and  until the Company can secure additional funds for operations.

            Coastal Caribbean and Coastal  Petroleum have attempted to raise funds from the other shareholders of Coastal  Petroleum and from others. Since March 2003, Management has been unsuccessful  at raising additional funds. 

            These situations raise substantial  doubt about the Company’s ability to continue as a going concern. The consolidated  financial statements do not include any adjustments to reflect the possible  future effects on the recoverability and classification of assets or amounts  and classification of liabilities, which may result from the outcome of this  uncertainty. 

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**COASTAL CARIBBEAN OILS &  MINERALS, LTD.**

**FORM 10-Q**

**PART I - FINANCIAL INFORMATION**

****ITEM  2**     ******Management's Discussion and Analysis of  Financial Condition and Results  of Operations (Cont’d)****

**Results of Operations**

**Three months ended June  30, 2004 vs. June 30, 2003******

            The Company incurred a loss  of $171,000 for the 2004 quarter, compared to a loss of $217,000 for the comparable  2003 quarter. 

**            Interest income and other income decreased 100%**  from $84 in the 2003 quarter to $-0- in the 2004 quarter because of the decrease  in the amount of funds available to invest. 

            **Legal  fees and costs increased 28%** to $78,000  for the 2004 quarter, compared to $61,000 in the prior period. Legal fees and  costs increased in 2004 compared with 2003 due to the filing of Petition for  Writ of Certiorari with the United States Supreme Court related to Coastal Petroleum  Company’s lawsuit against the State of Florida seeking compensation for  the State's taking of its property rights to explore for oil and gas within  its state Lease 224-A. 

            **Administrative  expenses decreased 49%**during the  2004 period to $62,000 compared to $122,000 in the 2003 period. Accounting and  administrative expenses decreased from $16,000 in the 2003 period to $5,000  in the 2004 period. In addition, Directors’ and Officers’ liability  insurance decreased from $84,000 in 2003 to $26,000 in the 2004 quarter. 

            **Salaries  decreased 12%**in the 2004 quarter  to $25,000 compared to $28,000 in the 2003. 

            **Shareholder  communications remained constant**at  $6,000 during the 2004 period compared to the 2003 period. 

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**COASTAL CARIBBEAN OILS &  MINERALS, LTD.**

**FORM 10-Q**

**PART I - FINANCIAL INFORMATION**

**Six months ended June  30, 2004 vs. June 30, 2003******

            The Company incurred a loss  of $362,000 for the six months ended June 30, 2004, compared to a loss of $546,000  for the comparable 2003 period. 

**            Interest income and other income decreased 100%**  from $537 in the 2003 period to $-0- in the 2004 period because of the decrease  in the amount of funds available to invest. 

            **Legal  fees and costs decreased 10%** to $162,000  for the 2004 period, compared to $181,000 in the 2003 period. Legal fees and  costs decreased in 2004 compared with 2003 due to the minimal activity during  the first quarter of 2004 related to Coastal Petroleum Company’s lawsuit  against the State of Florida seeking compensation for the State's taking of  its property rights to explore for oil and gas within its state Lease 224-A.  This was partially offset by an increase in activity during the second quarter  of 2004 related to the filing of Petition for Writ of Certiorari with the United  States Supreme Court for this case.

            **Administrative  expenses decreased 53%**during the  2004 period to $138,000 compared to $292,000 in the 2003 period. Accounting  and administrative expenses decreased from $41,000 in the 2003 period to $26,000  in the 2004 period. In addition, Directors’ and Officers’ liability  insurance decreased from $168,000 in 2003 to $53,000 in the 2004 period. 

            **Salaries  decreased 19%**in the 2004 period to  $50,000 compared to $62,000 in the 2003 period. 

            **Shareholder  communications remained constant**at  $12,000 during the 2004 period compared to the 2003 period. 

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**COASTAL CARIBBEAN OILS &  MINERALS, LTD.**

**FORM 10-Q**

**PART I - FINANCIAL INFORMATION**

**ITEM 3** ******Quantitative and Qualitative  Disclosure About Market Risk******

            The Company does not have  any significant exposure to market risk as there were no investments in marketable  securities at June 30, 2004.

**ITEM 4** ******Controls and Procedures******

            We, Phillip W. Ware, the principal executive  officer and Kenneth M. Cornell, the principal financial officer, have evaluated  the Company’s disclosure controls and procedures (as defined in Rules 13a-14(c)  and 15d-14(c) adopted under the Securities Act of 1934) within the ninety (90)  day period prior to the date of this report and have concluded:
                 1.           That        the Company’s disclosure controls and procedures are adequately designed        to ensure that material information relating to the Company, including        its consolidated subsidiary, is timely made known to such officers by        others within the Company and its subsidiary, particularly during the        period in which this quarterly report is being prepared; and    2.                 That there were no significant changes in the Company’s internal controls      or in other factors that could materially affect or are reasonably likely      to materially affect these controls subsequent to the date of their evaluation,      including any corrective actions with regard to significant deficiencies      and material weaknesses. 
 

  

 

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**COASTAL CARIBBEAN OILS & MINERALS,  LTD.****FORM 10-Q****PART II - OTHER INFORMATION**

**June 30, 2004**

**ITEM 5****-****Other Information**

           On  April 7, 2004, Coastal filed a Petition for Writ of Certiorari with the United  States Supreme Court asking the Court to accept jurisdiction to consider the  final judgment of the trial court as affirmed by the appellate court, finding  no taking of Coastal’s property. On June 15, 2004, Coastal issued a press  release announcing the United States Supreme Court denied the Company’s  Petition for Writ of Certiorari. The Company continues to evaluate its options.  

           Director  Graham B. Collis and Director John D. Monroe resigned effective July 28, 2004.  Neither director resigned because of a disagreement with the Company on any  matter relating to the Company’s operations, policies or practices. Former  Director Graham B. Collis has agreed to serve as the resident representative  of the Company in Bermuda in order to meet the requirements of registration  under Bermuda law. 

           Coastal  Caribbean is currently a passive foreign investment company, or PFIC, for United  States federal income tax purposes, which could result in negative tax consequences  to a shareholder. If, for any taxable year, the Company’s passive income  or assets that produce passive income exceed levels provided by U.S. law, the  Company would be a "passive foreign investment company," or PFIC, for U.S. federal  income tax purposes. For the years 1987 through 2001, Coastal Caribbean's passive  income and assets that produce passive income exceeded those levels and for  those years Coastal Caribbean constituted a PFIC. If Coastal Caribbean is a  PFIC for any taxable year, then the Company’s U.S. shareholders potentially  would be subject to adverse U.S. tax consequences of holding and disposing of  shares of our common stock for that year and for future tax years. Any gain  from the sale of, and certain distributions with respect to, shares of the Company’s  common stock, would cause a U.S. holder to become liable for U.S. federal income  tax under section 1291 of the Internal Revenue Code (the interest charge regime).  The tax is computed by allocating the amount of the gain on the sale or the  amount of the distribution, as the case may be, to each day in the U.S. shareholder’s  holding period. To the extent that the amount is allocated to a year, other  than the year of the disposition or distribution, in which the corporation was  treated as a PFIC with respect to the U.S. holder, the income will be taxed  as ordinary income at the highest rate in effect for that year, plus an interest  charge.

          For  further information, refer to the consolidated financial statements and footnotes  thereto included in the Company’s Annual Report on Form 10-K for the year  ended December 31, 2003.

  

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**COASTAL CARIBBEAN OILS & MINERALS,  LTD.****FORM 10-Q****PART II - OTHER INFORMATION**

**June 30, 2004**

**ITEM 6****-****Exhibits and Reports on Form  8-K******
 (a)Exhibits    31.1Certification pursuant to        Rule 13a-14 by Phillip W. Ware    31.2Certification pursuant to        Rule 13a-14 by Kenneth M. Cornell    32.1Certification pursuant to        Section 906 by Phillip W. Ware    32.2Certification pursuant to        Section 906 by Kenneth M. Cornell    (b)Reports on Form 8-K     On June 15, 2004, the Company        filed a Current Report on Form 8-K to report that:            The          United States Supreme Court denied the Company’s Petition for Writ          of Certiorari. The Company continues to evaluate its options.
  

 

 

 

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**COASTAL CARIBBEAN OILS & MINERALS,  LTD.**

**FORM 10-Q**

**June 30, 2004**

**SIGNATURES**

             Pursuant to the  requirements of the Securities Exchange Act of 1934, the registrant has duly  caused this report to be signed on its behalf by the undersigned thereunto duly  authorized. 
**COASTAL        CARIBBEAN OILS & MINERALS, LTD.**Registrant      Date: August        13, 2004By /s/        Phillip W. Ware     Phillip        W. Ware     Chief        Executive Officer,     President        and Treasurer   By /s/        Kenneth M. Cornell     Kenneth        M. Cornell     Chief        Financial Officer     and        Principal Financial Officer
             

 

 

 

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