Gateway Energy Enters Into New Transportation and Terminal Services Agreements

HOUSTON, Sept. 2 /PRNewswire-FirstCall/ -- Gateway Energy Corporation
(OTC Bulletin Board: GNRG) announced that its wholly-owned subsidiary, Gateway
Offshore Pipeline Company ("Gateway") has entered into agreements with
Maritech Resources, Inc. ("Maritech"), an exploration and production company
and wholly-owned subsidiary of TETRA Technologies, Inc. (NYSE: TTI), to
transport all of the crude oil and natural gas produced from its High Island
Block 98-L lease, offshore Texas. Gateway will also provide separation,
dehydration and oil handling and storage services for Maritech at its terminal
facility located near Crystal Beach, Texas.
The High Island Block 98-L lease is expected to initially produce between
400 and 600 barrels of crude oil per day and associated natural gas production
between 500 and 1,000 Mcf (thousand cubic feet) per day. The companies
previously entered into a Facilities Interconnect Agreement and Maritech has
recently completed the pipeline connecting the High Island Block 98-L lease to
Gateway's offshore system. The lease is expected to initiate production as
soon as final permits are received, which is expected in the next few weeks.
Management Comments
Mr. Robert Panico, President and CEO of Gateway said, "We have made a
commitment to our shareholders to diligently maximize the efficiency of our
current assets and we are dedicated to growing Gateway organically while we
explore potential acquisition opportunities. This agreement with Maritech
demonstrates our ability to grow organically, resulting in a substantial
increase in revenue from an existing asset without the need to incur
significant capital expenditures or increased operating expenses."
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 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.
SOURCE Gateway Energy Corporation

Brad Holmes, Investor Relations, +1-713-304-6962, or Chris Rasmussen, CFO,
+1-713-336-0844, both of Gateway Energy Corporation