EXHIBIT 31.2

**Certification of Acting Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.**

 I, Kenneth Michael Cornell, certify that: 

| 1.   |   | I have reviewed this quarterly report on Form 10-QSB of Coastal      Caribbean Oils & Minerals, Ltd.;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
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| 2.   |   | Based on my knowledge, this quarterly report does not contain      any untrue statement of a material fact or omit to state a material fact      necessary to make the statements made, in light of the circumstances under      which such statements were made, not misleading with respect to the period      covered by this quarterly report;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
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| 3.        |   | Based on my knowledge, the financial statements, and other      financial information included in this quarterly report, fairly present      in all material respects the financial condition, results of operations      and cash flows of the registrant as of, and for, the periods presented in      this quarterly report;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
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| 4.   |   | The registrant’s other certifying officers and I are responsible        for establishing and maintaining disclosure controls and procedures (as        defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and        have:

a) designed such disclosure controls and procedures to ensure that material        information relating to the registrant, including its consolidated subsidiaries,        is made known to us by others within those entities, particularly during        the period in which this quarterly report is being prepared;

b) evaluated the effectiveness of the registrant’s disclosure controls        and procedures as of a date within 90 days prior to the filing date of        this quarterly report (the “Evaluation Date”); and

 c) presented in this quarterly report our conclusions about the effectiveness        of the disclosure controls and procedures based on our evaluation as of        the Evaluation Date; |
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| 5.   |   | The registrant’s other certifying officers and I have      disclosed, based on our most recent evaluation, to the registrant’s      auditors and the audit committee of registrant’s board of directors      (or persons performing the equivalent functions):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

 

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|   |   | a) all significant deficiencies in the design or operation          of internal controls which could adversely affect the registrant’s          ability to record, process, summarize and report financial data and          have identified for the registrant’s auditors any material weaknesses          in internal controls; and                                                                                             |
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|   |   | b) any fraud, whether or not material, that involves management          or other employees who have a significant role in the registrant’s          internal controls; and                                                                                                                                                                                                                                                            |
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| 6.     |   | The registrant’s other certifying officers and I          have indicated in this quarterly report whether or not there were significant          changes in internal controls or in other factors that could significantly          affect internal controls subsequent to the date of our most recent evaluation,          including any corrective actions with regard to significant deficiencies          and material weaknesses. |

 Date: August 13, 2003 

/s/ KENNETH M. CORNELL**Kenneth M. Cornell****Acting Chief Financial Officer**