---



EXHIBIT 31.2

Certification of 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 & Limited,
      Ltd.;                                                                                                                                                                                                                                           
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                       
|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;
|   |                                                                                                                                                                                                                                                                                                                                                       
|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;                   
|   |                                                                                                                                                                                                                                                                                                                                                       
|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)                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                       
|   | b)                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                       
|   | c)                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                       
|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):                                                                       





---



|   | 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
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                       
|   | 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                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                       
|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: November 14, 2003

/s/ KENNETH M. CORNELLKenneth M. Cornell 
  Chief Financial Officer