Gateway Resources USA Inc

Gateway Resources U.S.A., Inc. and Sanchez Production Partners LP have entered into a Purchase and Sale Agreement which will enable Gateway to acquire the non-Osage assets of CEP-Mid Continent in the Kansas counties of Labette and Montgomery, and in the Oklahoma counties of Tulsa, Washington, Nowata, Rogers, and Craig. This purchase will add 60 BOPD and 4.7 MMCFPD of production to the existing assets of Gateway in Washington Co., OK and Montgomery Co., KS.