Gateway Oil & Gas, Inc.

28 Jun 2011

The Gateway Resources USA loan grew to $19,161.  The company made a profit of $1496 for corporate year 10-11.

4 Oct 2010

Gateway Oil & Gas earned $1,586 in interest during the 09-10 year and made a profit of $1,363.  However because Gateway Resources USA's funds are tied up paying interest and principal to other parties, this profit was on paper only and the loan balance to Gateway Resources USA grew to $17,733.

25 Mar 2010

Gateway Resources Ltd. has increased its credit via Gateway Oil & Gas, Inc. to Gateway Resources U.S.A., Inc. to $10,400 US.  The objective of providing in-house financing is proceeding ahead and with time will allow me to shift loans from external institutions to internal loans.  We earned $543 in interest during the 07-08 year and said funds were reinvested into additional loans to Gateway Resources USA.