**EXHIBIT 31.2**

 

**GATEWAY ENERGY CORPORATION AND SUBSIDIARIES**

 

**Section302 Certification of Chief Financial Officer**

 

I, Scott D. Heflin, ChiefFinancial Officer (Principal Accounting Officer) certify that:

 

1.               Ihave reviewed this quarterly report on Form 10-QSB of Gateway EnergyCorporation;

 

2.               Basedon my knowledge, this report does not contain any untrue statement of amaterial fact or omit to state a material fact necessary to make the statementsmade, in light of the circumstances under which such statements were made, notmisleading with respect to the period covered by this report;

 

3.               Basedon my knowledge, the financial statements, and other financial informationincluded in this report, fairly present in all material respects the financialcondition, results of operations and cash flows of the registrant as of, andfor, the periods presented in this report;

 

4.               Theregistrant's other certifying officer and I are responsible for establishingand maintaining disclosure controls and procedures (as defined in Exchange ActRules 13a-15 (e) and 15d-15 (e) for the registrant and have:

 

a)              designedsuch disclosure controls and procedures or caused such disclosure controls andprocedures to be designed under my supervision to ensure that materialinformation relating to the registrant, including its consolidatedsubsidiaries, is made known to me by others within those entities, particularlyduring the period in which this report is being prepared;

 

b)             evaluatedthe effectiveness of the registrant's disclosure controls and procedures andpresented in this report our conclusions about the effectiveness of thedisclosure controls and procedures as of the end of the period covered by thisreport based on such evaluation; and

 

c)              disclosedin this report any change in the registrant's internal control over financialreporting that occurred during the registrant's most recent fiscal quarter (theregistrant's fourth fiscal quarter in the case of an annual report) that hasmaterially affected, or is reasonably likely to materially affect, theregistrant's internal control over financial reporting; and

 

5.               Theregistrant's other certifying officer and I have disclosed, based on our mostrecent evaluation of internal control over financial reporting, to theregistrant's auditors and the audit committee of registrant's board ofdirectors (or persons performing the equivalent functions):

 

a)              allsignificant deficiencies or material weaknesses in the design or operation ofinternal control over financial reporting which are reasonably likely toadversely affect the registrant's ability to record, process, summarize andreport financial information; and

 

b)             anyfraud, whether or not material, that involves management or other employees whohave a significant role in the registrant's internal control over financialreporting.

 

 
| Date:  August 13, 2004 | /s/ Scott D. Heflin      |
|-----------------------------|--------------------------|
|                        | Scott D.  Heflin         |
|                        | Chief  Financial Officer |

 

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