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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-top:3.0pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:15.0pt;">UNITED STATES </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:15.0pt;">SECURITIES AND EXCHANGE COMMISSION </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Washington, D.C.
20549 </font></b></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-top:9.0pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:15.0pt;">Form 8-K </font></b></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-top:9.0pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">CURRENT REPORT </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pursuant to
Section 13 or 15(d) of The Securities Exchange Act of 1934 </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-top:9.0pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">Date of Report (Date of earliest event reported):
December 13, 2012 </font></b></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-top:9.0pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:20.0pt;">Gateway Energy Corporation</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">(Exact name of registrant as specified in its charter) </font></b></p>

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  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
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<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Delaware</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">000-06404</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">44-0651207</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:7.0pt;">(State or other jurisdiction</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:7.0pt;">of incorporation)</font></b></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:7.0pt;">(Commission</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.75pt;text-align:center;"><b><font face="Times New Roman" style="font-size:7.0pt;">File Number)</font></b></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:7.0pt;">(I.R.S. Employer</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.75pt;text-align:center;"><b><font face="Times New Roman" style="font-size:7.0pt;">Identification No.)</font></b></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">1415 Louisiana Street, Suite 4100 </font></b></p>
  <p align=center style="margin:0in;margin-bottom:.75pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">Houston, Texas</font></b></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:9.0pt;">77002</font></b></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:7.0pt;">(Address of principal executive offices)</font></b></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:7.0pt;">(Zip Code)</font></b></p>
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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-top:9.0pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">(713) 336-0844 </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">(Registrant&#8217;s
telephone number, including area code) </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-top:9.0pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font><b><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">N/A &nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">(Former name or former address, if changed since last
report) </font></b></p>

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<p style="margin:0in;margin-bottom:.0001pt;margin-top:9.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below): </font></p>

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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></p>
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<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Soliciting material pursuant
  to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></p>
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<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

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  <p style="margin:0in;margin-bottom:.0001pt;"><font face=wingdings style="font-size:9.0pt;">&#168;</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

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  </td>
 <td valign=top width=96% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:9.0pt;">Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) </font></p>
  </td>
 </tr>
</table></div>

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<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Item 1.01 Entry into a Material
Definitive Agreement.</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:17.25pt;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">On December 12, 2012, Gateway Pipeline USA Corporation
(&#8220;Gateway Pipeline USA&#8221;), a wholly owned subsidiary of Gateway Energy
Corporation (the &#8220;Company&#8221;), entered into an asset sales agreement (the
&#8220;Agreement&#8221;) with GEC Holding, LLC (the &#8220;Buyer&#8221;), pursuant to which Gateway
Pipeline USA will sell certain assets, including certain pipelines and pipeline
facilities located in Guadalupe and Shelby Counties, Texas, Miller County,
Arkansas and Pettis County, Missouri, as well as certain surface contracts,
commercial contracts and records related to the operation of the facilities
(the &#8220;Assets&#8221;), to the Buyer.&#160; All of the issued and outstanding capital stock
of the Buyer is owned by Frederick W. Pevow, the Chairman and Chief Executive
Officer of the Company and Director of Gateway Pipeline USA.&#160; Additionally, Mr.
Pevow is the acting President of the Buyer.&#160;&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The Buyer has agreed to purchase the Assets from Gateway
Pipeline USA for the sum of $1,100,000.&#160; The closing of the transactions
contemplated by the Agreement is expected to take place on or before the close
of business at 5:00 PM, Central Standard Time, on December 31, 2012.&#160; The
closing of the Agreement is subject to certain customary closing conditions,
including the obtaining of the necessary consents and approvals to the
assignment of the Assets.&#160; The closing of the transaction is further
conditioned upon the entry of the Company into a Forbearance Agreement with
Meridian Bank, in connection with the Company&#8217;s existing Credit Agreement.&#160;&#160;&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The Agreement provides that prior to the earlier of (i)
December 31, 2012, (ii) the closing of the transactions contemplated by the
Agreement or (iii) the termination of the Agreement, the Company, acting
through a special committee of its Board of Directors (the &#8220;Special
Committee&#8221;), consisting of David F. Huff, John O. Niemann, Jr. and John A. Raasch,
may: (i) furnish information or data to any third party purchaser for a
proposed sale of the Assets or other assets in order to raise proceeds of at
least $1,100,000 (a &#8220;Competing Proposal&#8221;), (ii) participate in discussions or
negotiations with such party regarding such Competing Proposal; and (iii)
subject to the approval of the Board of Directors, enter into a definitive
agreement containing a Competing Proposal, but only if (a) such Competing
Proposal constitutes a Superior Proposal (as defined in the Agreement), (b) the
Company shall have provided written notice to the Buyer (a &#8220;Notice of Superior
Proposal&#8221;) advising the Buyer that the Company has received a Superior
Proposal, specifying in writing the true and complete final terms and conditions
of such Superior Proposal and identifying the person making such Superior
Proposal, (c) the Buyer does not, within five Business Days of the Buyer&#8217;s
receipt of the Notice of Superior Proposal make an offer that the Board of
Directors of the Company, acting through the Special Committee, determines in
good faith to be more favorable to the Company's stockholders (in their
capacities as stockholders) than such Superior Proposal, and (d) simultaneously
with the Buyer failing to make the offer described in clause (c) above in the
time allotted or the Board of Directors, acting through the Special Committee,
making the determination required by clause (c) above that any such offer of
the Buyer is not more favorable to the Company's stockholders (in their capacities
as stockholders) than such Superior Proposal, as applicable, the Agreement is
terminated pursuant to its terms.&#160; Upon any such termination, the Company would
pay the Buyer a break-up fee of $33,000.&#160;&#160;&#160;&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Any parties interested in making a proposal for the Assets or
any other assets of the Company that would raise proceeds of at least
$1,100,000 should contact the chairman of the Special Committee, David F. Huff,
at (713) 336-0844.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The foregoing description is qualified in its entirety by
reference to the full text of the Agreement which is filed with this Current
Report on Form 8-K as Exhibit 10.1.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Item
8.01&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Other Events.</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On December 13, 2012, the Company issued a
press release announcing the entry of Gateway Pipeline USA into the Agreement.&#160;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">A copy of the press release is filed herewith as Exhibit&nbsp;99.1.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-left:0in;margin-right:0in;text-align:justify;text-justify:inter-ideograph;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Item 9.01&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Financial Statements and
Exhibits.</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 10.1&#160;&#160;&#160;&#160;&#160;&#160;&#160; Asset
Sales Agreement between Gateway Pipeline USA Corporation and GEC Holding, LLC
dated December 12, 2012.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 99.1&#160;&#160;&#160;&#160;&#160;&#160;&#160; Press
release dated December 13, 2012.</font></p>





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</DIV>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SIGNATURE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:9.0pt;text-indent:17.25pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">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 hereunto duly
authorized. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:481.700012pt;">
 <tr>
  <td width=34% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=4% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td valign=top width=34% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">Gateway Energy Corporation</font></b></p>
  </td>
 <td width=4% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr style="height:12.0pt;">
  <td width=34% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=11% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=51% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=4% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
<tr>
  <td valign=top width=34% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">Dated: December 13, 2012</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=top width=54% style="padding:0in 0in 0in 0in;">
  <div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.75pt;padding:0in;"><font face="Times New Roman" style="font-size:10.0pt;">/s/
  Frederick M. Pevow, Jr.</font></p>
  </div>
  </td>
 </tr>
<tr>
  <td valign=top width=34% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">Frederick M. Pevow, Jr.</font></b></p>
  <p style="margin:0in;margin-bottom:.75pt;"><b><font face="Times New Roman" style="font-size:10.0pt;">President and Chief
  Executive Officer</font></b></p>
  </td>
 <td width=4% style="padding:0in 0in 0in 0in;"><p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
</table></div>

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{"company-data": {"conformed-name": "GATEWAY ENERGY CORP/NE", "cik": "0000040194", "assigned-sic": "4922", "irs-number": "440651207", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-06404", "film-number": "121262074"}, "business-address": {"street1": "1415 LOUISIANA STREET", "street2": "STE 4100", "city": "HOUSTON", "state": "TX", "zip": "77002", "phone": "713-600-1044"}, "mail-address": {"street1": "1415 LOUISIANA STREET", "street2": "STE 4100", "city": "HOUSTON", "state": "TX", "zip": "77002"}, "former-company": [{"former-conformed-name": "GATEWAY GATHERING SYSTEMS INC", "date-changed": "19941012"}, {"former-conformed-name": "GATEWAY SPORTING GOODS CO", "date-changed": "19920703"}]}
form8-kassetsalesagreementga.htm - Generated by SEC Publisher for SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
Form 8-K
CURRENT REPORT
Pursuant to
Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 13, 2012
Gateway Energy Corporation
(Exact name of registrant as specified in its charter)
Delaware
000-06404
44-0651207
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
1415 Louisiana Street, Suite 4100
Houston, Texas
77002
(Address of principal executive offices)
(Zip Code)
(713) 336-0844
(Registrant's
telephone number, including area code)
N/A
(Former name or former address, if changed since last
report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
¨
Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant
  to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b))
¨
Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c))
1
Item 1.01 Entry into a Material
Definitive Agreement.
On December 12, 2012, Gateway Pipeline USA Corporation
("Gateway Pipeline USA"), a wholly owned subsidiary of Gateway Energy
Corporation (the "Company"), entered into an asset sales agreement (the
"Agreement") with GEC Holding, LLC (the "Buyer"), pursuant to which Gateway
Pipeline USA will sell certain assets, including certain pipelines and pipeline
facilities located in Guadalupe and Shelby Counties, Texas, Miller County,
Arkansas and Pettis County, Missouri, as well as certain surface contracts,
commercial contracts and records related to the operation of the facilities
(the "Assets"), to the Buyer.  All of the issued and outstanding capital stock
of the Buyer is owned by Frederick W. Pevow, the Chairman and Chief Executive
Officer of the Company and Director of Gateway Pipeline USA.  Additionally, Mr.
Pevow is the acting President of the Buyer.
The Buyer has agreed to purchase the Assets from Gateway
Pipeline USA for the sum of $1,100,000.  The closing of the transactions
contemplated by the Agreement is expected to take place on or before the close
of business at 5:00 PM, Central Standard Time, on December 31, 2012.  The
closing of the Agreement is subject to certain customary closing conditions,
including the obtaining of the necessary consents and approvals to the
assignment of the Assets.  The closing of the transaction is further
conditioned upon the entry of the Company into a Forbearance Agreement with
Meridian Bank, in connection with the Company's existing Credit Agreement.
The Agreement provides that prior to the earlier of (i)
December 31, 2012, (ii) the closing of the transactions contemplated by the
Agreement or (iii) the termination of the Agreement, the Company, acting
through a special committee of its Board of Directors (the "Special
Committee"), consisting of David F. Huff, John O. Niemann, Jr. and John A. Raasch,
may: (i) furnish information or data to any third party purchaser for a
proposed sale of the Assets or other assets in order to raise proceeds of at
least $1,100,000 (a "Competing Proposal"), (ii) participate in discussions or
negotiations with such party regarding such Competing Proposal; and (iii)
subject to the approval of the Board of Directors, enter into a definitive
agreement containing a Competing Proposal, but only if (a) such Competing
Proposal constitutes a Superior Proposal (as defined in the Agreement), (b) the
Company shall have provided written notice to the Buyer (a "Notice of Superior
Proposal") advising the Buyer that the Company has received a Superior
Proposal, specifying in writing the true and complete final terms and conditions
of such Superior Proposal and identifying the person making such Superior
Proposal, (c) the Buyer does not, within five Business Days of the Buyer's
receipt of the Notice of Superior Proposal make an offer that the Board of
Directors of the Company, acting through the Special Committee, determines in
good faith to be more favorable to the Company's stockholders (in their
capacities as stockholders) than such Superior Proposal, and (d) simultaneously
with the Buyer failing to make the offer described in clause (c) above in the
time allotted or the Board of Directors, acting through the Special Committee,
making the determination required by clause (c) above that any such offer of
the Buyer is not more favorable to the Company's stockholders (in their capacities
as stockholders) than such Superior Proposal, as applicable, the Agreement is
terminated pursuant to its terms.  Upon any such termination, the Company would
pay the Buyer a break-up fee of $33,000.
Any parties interested in making a proposal for the Assets or
any other assets of the Company that would raise proceeds of at least
$1,100,000 should contact the chairman of the Special Committee, David F. Huff,
at (713) 336-0844.
The foregoing description is qualified in its entirety by
reference to the full text of the Agreement which is filed with this Current
Report on Form 8-K as Exhibit 10.1.
Item
8.01            Other Events.
On December 13, 2012, the Company issued a
press release announcing the entry of Gateway Pipeline USA into the Agreement.
A copy of the press release is filed herewith as Exhibit 99.1.
Item 9.01            Financial Statements and
Exhibits.
10.1        Asset
Sales Agreement between Gateway Pipeline USA Corporation and GEC Holding, LLC
dated December 12, 2012.
99.1        Press
release dated December 13, 2012.
2
SIGNATURE
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 hereunto duly
authorized.
Gateway Energy Corporation
Dated: December 13, 2012
/s/
  Frederick M. Pevow, Jr.
Frederick M. Pevow, Jr.
President and Chief
  Executive Officer
3