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Below are some recent press releases. Please check back often to read about the latest news developments of Gateway Energy Corporation. Past Press Releases: 2007 2006 2005 August 14, 2008 July 7, 2008 May 14, 2008 April 3, 2008 March 18, 2008 February 7, 2008 January 11, 2008 Gateway Energy Acquires Additional Interest in Madisonville Pipeline Houston – (PR Newswire) – July 7, 2008 – Gateway Energy Corporation (OTCBB:GNRG) today announced that it has acquired from Allen Drilling Acquisition Company an additional one-third interest in Gateway-ADAC Pipeline, LLC, representing all of the interest in the Madisonville pipeline not previously owned by Gateway, for $539,166.67 in cash and 100,000 shares of Gateway common stock. The cash portion of the transaction will be funded out of Gateway’s line of credit. As a result of this acquisition, Gateway now owns 100% of the Madisonville pipeline connecting the Madisonville gas treatment plant to two major pipelines. The Madisonville gas plant operator is obligated to transport all gas treated at the plant through our pipeline under a fully dedicated transportation agreement. Mr. Robert Panico, President and CEO of Gateway said, “I am very pleased with this acquisition as it gives us complete control over the pipeline.” Mr. Panico continued, “Due to continuing delays, we are unable at this time to project when the recently expanded plant capacity will come on-line. However, Gateway remains very optimistic about the potential for the expanded plant and this pipeline to have a significant impact on Gateway’s revenues. Even without taking into account the additional capacity of the expanded plant, we expect the acquisition of the remaining interest in this pipeline to be accretive to shareholders. Gateway will now capture 100% of the transportation revenue from the Madisonville field, which we believe has long-term upside potential as the currently shut-in and uncompleted wells in the field come on-line and the producers explore the deep gas zones in the Madisonville field.” About Gateway Energy Gateway Energy Corporation owns and operates natural gas gathering, transportation and distribution systems in Texas, Texas state waters and in federal waters of the Gulf of Mexico off the Texas and Louisiana coasts. Gateway gathers offshore wellhead natural gas production and liquid hydrocarbons from producers, and then aggregates this production for processing and transportation to other pipelines. Gateway also transports gas through its mainline systems for non-affiliated shippers and through its affiliated distribution system and makes sales of natural gas to industrial end users. Safe Harbor Statement Certain of the statements included in this press release, which express a belief, expectation or intention, as well as those regarding future financial performance or results, or which are not historical facts, are “forward-looking” statements as that term is defined in the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The words “expect”, “plan”, “believe”, “anticipate”, “project”, “estimate”, and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance or events and such statements involve a number of risks, uncertainties and assumptions, including but not limited to industry conditions, prices of crude oil and natural gas, regulatory changes, general economic conditions, interest rates, competition, and other factors. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated in the forward-looking statements, which speak only as of the date hereof. Gateway undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Gateway Energy to Host Breakfast Table at Oil & Gas Investment Symposium Houston – (PR Newswire) – April 3, 2008 – Gateway Energy Corporation (OTCBB:GNRG) today announced they will host a breakfast table on Tuesday April 8 and Wednesday April 9, 2008 at the Oil & Gas Investment Symposium hosted by the Independent Petroleum Association of America. The conference will be held at the Sheraton New York Hotel and Towers in New York City April 7-10, 2008. The Oil & Gas Investment Symposium is the premier outlet for publicly traded independent exploration and production, pipeline and service and supply companies to present their company profiles to the investment community. About Gateway Energy Gateway Energy Corporation is a growth-oriented midstream energy company providing natural gas gathering, transmission, processing and oil handling and storage services in Texas, Galveston Bay and the Gulf of Mexico.
Gateway Energy Corporation to Present at the IPAA Oil & Gas Investment Symposium HOUSTON, TEXAS, February 7, 2007. Gateway Energy Corporation (OTCBB: GNRG) (“Gateway”) today announced that Robert Panico, President and Chief Executive Officer, and Chris Rasmussen, Chief Financial Officer, will present at the Independent Petroleum Association of America’s (IPAA) Small Cap Oil & Gas Investment Symposium (OGIS) in Hollywood, Florida on Tuesday, February 12, 2008 at 2:45 PM EST. A link to the live presentation and the accompanying slides will be available on the Company’s website at www.gatewayenergy.com. OGIS Small Cap is an outlet for publicly traded oil and gas companies with market caps of up to $1 billion to present their corporate profiles to the investment community. OGIS Small Cap is patterned after IPAA's highly successful OGIS New York and OGIS San Francisco conferences, which attracted close to 2,000 attendees last year. Gateway Energy Corporation is a growth-oriented midstream energy company providing natural gas gathering, transmission, processing and oil handling and storage services in Texas, Galveston Bay and the Gulf of Mexico. Certain of the statements included in this press release, which express a belief, expectation or intention, as well as those regarding future financial performance or results, or which are not historical facts, are "forward-looking" statements as that term is defined in the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The words "expect", "plan", "believe", "anticipate", "project", "estimate", and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance or events and such statements involve a number of risks, uncertainties and assumptions, including but not limited to industry conditions, prices of crude oil and natural gas, regulatory changes, general economic conditions, interest rates, competition, and other factors. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Gateway Energy Corporation Provides Operational Update
HOUSTON, TEXAS, January 11, 2008. Gateway Energy Corporation (OTC Bulletin Board: GNRG) (www.gatewayenergy.com) (“Gateway”) announced today that its wholly-owned subsidiary, Gateway Offshore Pipeline Company (“Gateway Offshore”), has entered into two new gas transportation agreements with producers to transport all of their natural gas produced from the applicable leases through Gateway’s Bolivar and recently acquired Gulfshore pipeline systems for the life of each lease. Production tied into the Bolivar system commenced today. Production tied into the Gulfshore system commenced in the fourth quarter of 2007. Madisonville Gas Processing LP ("MGP") has informed Gateway that it has temporarily suspended the operations of the expanded portion of the plant (the "new plant"), for modifications to more effectively deal with the presence of diamondoids in the gas stream produced from the Rodessa Formation. A diamondoid is a rare, naturally occurring compound that can segregate out of the gas stream upon a decrease in temperature and pressure and as such, could cause operational problems for the nitrogen rejection portion of the new plant. MGP has completed detailed analysis of the composition of the diamondoids and is in the process of evaluating modifications to the operating system. The implementation of these system modifications is expected to be completed by MGP as soon as possible. The new plant is expected to resume operations later in the first quarter of 2008. In the meantime, the old plant continues to treat approximately 15 million cubic feet per day of inlet gas. Robert Panico, President and Chief Executive Officer of Gateway, stated “We continue to see exploration and development interest near our offshore pipeline systems. During the fourth quarter of 2007, two new wells were tied into our Gulfshore system pursuant to the new transportation agreement and an existing agreement. This resulted in revenue for the Gulfshore system increasing over 20% from the effective date of its acquisition in August 2007.” Mr. Panico continued, “Although we are disappointed with the delays at the new Madisonville plant, we remain very optimistic about the growth opportunities of the area serviced by the plant and our Madisonville pipeline system.” Gateway Energy Corporation is a growth-oriented midstream energy company providing natural gas gathering, transmission, processing and oil handling and storage services in Texas, Galveston Bay and the Gulf of Mexico. Certain of the statements included in this press release, which express a belief, expectation or intention, as well as those regarding future financial performance or results, or which are not historical facts, are "forward-looking" statements as that term is defined in the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The words "expect", "plan", "believe", "anticipate", "project", "estimate", and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance or events and such statements involve a number of risks, uncertainties and assumptions, including but not limited to industry conditions, prices of crude oil and natural gas, regulatory changes, general economic conditions, interest rates, competition, and other factors. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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