FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D. C. 20549


             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


For the quarter ended:        June 30, 2001

Commission file number:       33-19961

             HomeGate Corporation (formerly Spartan Oil Corporation)
       ------------------------------------------------------------------
             (exact name of registrant as specified in its charter)

       Delaware                                                    75-2224650
------------------------                                         ---------------
(State of Incorporation)                                           (IRS ID No.)


                13663 Jupiter Road, Suite 401, Dallas Texas       75238
     ----------------------------------------------------------- ----------
                (Address of principal executive offices)         (Zip code)

Registrant's telephone number, including area code: 214-343-9700

Check whether the  registrant  files all  documents  and reports  required to be
filed by section 12, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court.
Yes [X] No [ ]

Shares of common stock outstanding at June 30, 2001:

                                                     9,292,888










<PAGE>







                                TABLE OF CONTENTS



PART I - FINANCIAL INFORMATION                                       Page Number


         Item  1.          Financial Statements                         1 - 8

         Item  2.          Managements's Discussion and Analysis
                           of Financial Condition and Results of
                           Operations                                     9


PART II - OTHER INFORMATION                                              10
























<PAGE>


<TABLE>

<CAPTION>


                              HOMEGATE CORPORATION


                                 BALANCE SHEETS
                       June 30, 2001 and December 31, 2000

                                     ASSETS

                                                                   June 30, 2001      Dec 31, 2000
                                                                   ---------------   ----------------
<S>                                                                <C>               <C>

CURRENT ASSETS:
    Cash                                                                   $9,051               $937
    Accounts receivable - related party                                     2,387             60,000
                                                                   ---------------   ----------------
        Total Current Assets                                               11,438             60,937

PROPERTY:
    Furniture and equipment (net)                                           2,987              3,343
                                                                   ---------------   ----------------
        Total Property                                                      2,987              3,343

OTHER ASSETS:
    Note receivable                                                       268,000
                                                                   ---------------   ----------------
        Total Other Assets                                                268,000                  0
                                                                   ---------------   ----------------

TOTAL ASSETS                                                             $282,425            $64,280
                                                                   ===============   ================


             LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES
    Accounts payable                                                       20,128
    Accounts payable -related party                                       $19,086            $99,837
                                                                   ---------------   ----------------
        Total Liabilities                                                 $39,214            $99,837

STOCKHOLDERS' EQUITY
    Common stock, $0.001 par value, 50,000,000 shares authorized,
        9,292,888 and 8,220,888 shares issued and outstanding
        at June 30, 2001 and December 31, 2000 respectively                 9,293              8,221
    Additional paid in capital                                          2,187,428          1,920,500
    Accumulated Deficit                                                (1,953,510)        (1,964,278)
                                                                   ---------------   ----------------
        Total Stockholders' Equity                                        243,211            (35,557)
                                                                   ---------------   ----------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                               $282,425            $64,280
                                                                   ===============   ================

</TABLE>











                                       F-1
<PAGE>

<TABLE>

<CAPTION>



                              HOMEGATE CORPORATION


   STATEMENT OF OPERATIONS Three Months Ended June 30, 2001 and June 30, 2000
                Six Months Ended June 30, 2001 and June 30, 2000




                                           Three months   Three months        Six Months        Six Months
                                               ended          ended             ended              ended
                                           June 30, 2001  June 30, 2000     June 30, 2001      June 30, 2000
                                          ------------------------------------------------   ----------------
<S>                                       <C>             <C>               <C>              <C>
REVENUE:                                        $17,638         $37,096          $108,151            $37,096

OPERATING EXPENSE:
    Depreciation and amortization                   178           9,028               356              9,028
    Interest expense                                              8,529                                8,529
    General and administrative                   37,377          15,233            97,027             15,233
                                          ------------------------------------------------   ----------------
        Total Operating Expense                  37,555          32,790            97,383             32,790

                                          ------------------------------------------------   ----------------

NET LOSS                                       ($19,917)         $4,306           $10,768             $4,306
                                          ================================================   ================



Net loss per share (basic and diluted):          ($0.00)          $0.00             $0.00              $0.00
                                          ================================================   ================


Basic/diluted weighted average
       number of shares outstanding           9,292,888       8,220,888         8,756,888          8,220,888
                                          ================================================   ================

</TABLE>

















                                       F-2

<PAGE>

<TABLE>

<CAPTION>

                              HOMEGATE CORPORATION


            STATEMENT OF STOCKHOLDERS' EQUITY AND ACCUMULATED DEFICIT
       Period from February 25, 2000 (date of inception) to June 30, 2001


                                       Common               Common         Paid In         Accumulated
                                       Shares               Amount         Capital           Deficit             Total
                                   ----------------------------------------------------------------------   ----------------
<S>                                <C>                      <C>            <C>             <C>              <C>

Issuance of common shares
        (date of inception)               100,000                  100       1,931,000                 0          1,931,100

Effects from reverse merger             6,025,527                6,026         (15,605)                              (9,579)

Reverse split of Spartan Oil
    common shares 1 for 6              (5,104,639)              (5,105)          5,105

Stock issued pursuant to merger
    72 shares for 1                     7,200,000                7,200                                                7,200

Net loss                                                                                      (1,964,278)        (1,964,278)

                                   ----------------------------------------------------------------------   ----------------
Balance
        December 31, 2000               8,220,888                8,221       1,920,500        (1,964,278)           (35,557)

Issuance of common stock
        for note receivable             1,072,000                1,072         266,928                              268,000

Net loss - six months ended
        June 30, 2001                                                                             10,768             10,768

                                   ----------------------------------------------------------------------   ----------------
Balance
        June 30, 2001                   9,292,888                9,293       2,187,428        (1,953,510)           243,211
                                   ======================================================================   ================

</TABLE>
















                                       F-3
<PAGE>


<TABLE>

<CAPTION>

                              HOMEGATE CORPORATION

   STATEMENT OF CASH FLOWS Three Months Ended June 30, 2001 and June 30, 2000
                Six Months Ended June 30, 2001 and June 30, 2000


                                                         Three months     Three months      Six Months      Six Months
                                                             ended           ended              ended         ended
                                                         June 30, 2001    June 30, 2000     June 30, 2001   June 30, 2000
                                                         ------------------------------------------------   ----------------
<S>                                                      <C>              <C>               <C>             <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
    Net income (loss)                                          (19,918)         $4,306           $10,768             $4,306
    Items not requiring cash:
        Amortization                                                            $9,028                               $9,028
        Depreciation                                               178                               356
    Changes in operating assets and liabilities:
        Change in accounts receivable                                          (37,096)           60,000            (37,096)
        Change in accounts receivable - related party                                             (2,387)
        Change in investments                                               (1,800,000)                          (1,800,000)
        Change in other assets                                (268,000)       (340,294)         (268,000)          (340,294)
        Change in accounts payable - related party                                                19,087
        Change in accounts payable                              29,501           9,031           (79,710)             9,031
                                                         ------------------------------   ---------------   ----------------
NET CASH (USED) BY OPERATING ACTIVITIES:                      (258,239)     (2,155,025)         (259,886)        (2,155,025)

CASH FLOWS FROM INVESTING ACTIVITIES:
    Purchase of equipment
                                                         ------------------------------   ---------------   ----------------
NET CASH (USED) BY INVESTING ACTIVITIES:                             0               0                 0                  0

CASH FLOWS FROM FINANCING ACTIVITIES:
    Sale of stock                                                            1,931,100                            1,931,100
    Proceeds from issuance of note payable                     268,000         325,000           268,000            325,000
    Payment on debt
                                                         ------------------------------   ---------------   ----------------
NET CASH PROVIDED BY FINANCING ACTIVITIES                      268,000       2,256,100           268,000          2,256,100

NET INCREASE IN CASH                                            $9,761        $101,075            $8,114           $101,075

CASH, BEGINNING OF PERIOD                                         (710)                              937                  0
                                                         ------------------------------   ---------------   ----------------

CASH, END OF PERIOD                                             $9,051        $101,075            $9,051           $101,075
                                                         ==============================   ===============   ================



</TABLE>










                                       F-4
<PAGE>

                               HOMEGATE CRPORATION
                       (Formally Spartan Oil Corporation)

                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2001






NOTE A - NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
---------------------------------------------------------------------------

History:
The Company was organized  January 5, 1988, as a Delaware  corporation under the
name Oliver Owen  Corporation.  The  Company  was  organized  for the purpose of
seeking,  investigating,  and, if such investigation warrants, acquiring assets,
properties,   and  businesses  and  to  engage  in  any   substantial   business
opportunities.  In October  1988 the  company  changed  its name to Spartan  Oil
Corporation.

In 2000, the Company authorized a 1 for 6 reverse split of its common shares.

In 2000, the Company merged with HMGT  Management  Corporation  (HMGT),  a newly
formed private corporation,  domiciled in the state of Delaware.  HMGT is in the
business of hotel management

In 2000, the Company changed its name to Homegate Corporation.

Basis of Presentation:
----------------------
It is the Company's  policy to prepare its  financial  statements on the accrual
basis of accounting in accordance with accounting  principles generally accepted
in the United States. The accompanying  financial  statements have been prepared
in accordance  with  generally  accepted  accounting  principles and include all
adjustments  which in the opinion of  management  are necessary in order to make
the financial statements not misleading.

Revenue Recognition:
--------------------

Revenues are recorded as income in the period the management fees are earned and
expenses  are  recognized  in the  period  in which  the  related  liability  is
incurred.

Customer Concentration:
-----------------------
The  majority of managed  hotels have the same  owner.  Although  the Company is
widening  its customer  base,  this  concentration  could  adversely  affect the
Company.

Use of Estimates
----------------
In  order  to  prepare  financial   statements  in  conformity  with  accounting
principals  generally  accepted  in the  United  States,  management  must  make
estimates,  judgments and  assumptions  that affect the amounts  reported in the
financial statements and determine whether contingent assets and liabilities, if
any, are  disclosed in the  financial  statements.  The ultimate  resolution  of
issues requiring these estimates and assumptions could differ significantly from
resolution  currently  anticipated  by  management  and on which  the  financial
statements are based.

Cash and Cash Equivalents:
--------------------------
For purposes of the  statement of cash flows,  the Company  considers all highly
liquid  debt  instruments  with  maturity  of  three  months  or less to be cash
equivalents.


                                       5
<PAGE>

                               HOMEGATE CRPORATION
                       (Formally Spartan Oil Corporation)

                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2001

NOTE A - NATURE OF  BUSINESS  AND  SUMMARY OF  SIGNIFICANT  ACCOUNTING  POLICIES
(CONTINUED):
--------------------------------------------------------------------------------

Property and Equipment:
-----------------------
Property  and  equipment  is carried at cost.  Depreciation  is  provided by the
straight-line method over each asset's estimated useful life. Upon retirement or
disposal,  the asset cost and related accumulated  depreciation are removed from
the accounts and any resulting gain or loss is included in the  determination of
net income.

Long-Lived Assets
-----------------
In accordance with Statement of Financial Accounting Standards ("SFAS") No. 121,
Accounting for the impairment of Long-Lived Assets and for Long -Lived Assets to
be  Disposed  of,  the  Company  records   impairment  losses  when  events  and
circumstances  indicate  that the assets might be impaired and the  undiscounted
projected  cash flows  associated  with those  assets are less than the carrying
amounts of those assets. Impairment loss on a long-lived asset is measured based
on the excess of the  carrying  amount of the asset over the asset's fair value,
generally determined based upon discounted estimates of future cash flows.

Net Loss per Common Share:
--------------------------
Basic net loss per share excludes  dilution and is computed by dividing net loss
by the  weighted  average  number of common  shares  outstanding  for the period
presented.  Diluted net loss per common share was the same as basic net loss per
common  share for the period  presented  since the  Company  has no  potentially
dilutive securities and because of the Company's net loss.

Income Tax:
-----------
The Company is subject to the greater of federal income taxes computed under the
regular system or the alternative  minimum tax system. The Company uses an asset
and liability approach for the accounting and financial  reporting of income tax
as required by SFAS No. 109,  Accounting  for Income  Taxes.  Under this method,
deferred  tax  assets  and  liabilities   are  determined   based  on  temporary
differences  between the financial  carrying amounts and the tax bases of assets
and  liabilities  using  enacted  tax  rates in effect in the years in which the
temporary  differences  are  expected  to  reverse.   Valuation  allowances  are
established  when necessary to reduce  deferred tax asset to the amount expected
to be "more likely than not" realized in future returns.


NOTE B - ACCOUNTS  RECEIVABLE - RELATED PARTY:
----------------------------------------------
The Company's primary customer is a related party.



NOTE C - NOTE RECEIVABLE:
-------------------------
The $268,000 note  receivable  pays $1,000 each Monday and started July 23, 2001
for thirty weeks and then pays $2,000 each Monday  thereafter  until the note is
paid in full. No interest is attached to the note.

                                       6
<PAGE>

                               HOMEGATE CRPORATION
                       (Formally Spartan Oil Corporation)

                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2001


NOTE D - FURNITURE AND EQUIPMENT:
---------------------------------

Furniture and equipment is stated at cost and consists of the following:

         Office furniture                       $3,554
         Allowance for depreciation               (567)
                                               --------
                  Total                         $2,987
                                                =======

Depreciation  has been  provided by the  straight-line  method over each asset's
estimated useful life of five years.


NOTE E - COMMON STOCK:
----------------------

Common Stock:
-------------
The Company is  authorized to issue  50,000,000  common shares of stock at a par
value of $0.001 per share.  These  shares have full voting  rights.  At Jun e30,
2001  and  December  31,  2000,   there  were  9,292,888  and  8,220,088  shares
outstanding   respectively.   The  Company  has  not  paid  a  dividend  to  its
shareholders.


NOTE F - INCOME TAXES:
----------------------

The  Company  has a net  loss  carryover  of  approximately  $1,953,510  that is
available to offset its future income tax liability.

No deferred tax asset has been  recognized  for the loss carryover as it is more
likely than not that all or a portion of the net loss will not be  realized  and
any valuation  allowance  would reduce the benefit to zero.  The loss expires in
2020.

The  components  of the  provision  (benefit)  for income taxes  included in the
financial statements as of December 31, 2000 are as follows:
         Deferred tax assets:
         Net loss carryover                                  $ (1,953,510)
         Valuation allowance                                    1,953,510
                                                             -------------
         Total deferred income tax assets                              -0-
         Total deferred income tax liabilities                         -0-
                                                             -------------
         Net deferred income tax assets                      $         -0-
                                                             =============




                                       7
<PAGE>

                               HOMEGATE CRPORATION
                       (Formally Spartan Oil Corporation)

                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2001


NOTE G - OTHER EXPENSE:
-----------------------

In the fiscal year of 2000,  the Company  acquired  2,000,000  common  shares of
stock of a related  party in the merger on July 1, 2000.  The common shares were
considered as trading securities.

By December 31, 2000,  the value of the common shares was zero and  accordingly,
the Company recorded a $1,800,000 write off in its statement of operations.


NOTE H - EXTRAORDINARY LOSSES:
------------------------------

In the fiscal year of 2000, the Company  acquired a trademark valued at $315,972
and a related note payable for the  trademark for $325,000 in the merger on July
1, 2000. As a result of the merger,  the excess of purchase  price over the fair
value for all net assets created goodwill in the amount of $7,200.

During the year of 2000,  the Company agreed that the trademark had no value and
negotiated  the  forgiveness  of the related note payable.  The company had made
payments  on the note in the amount of  $75,000  and had  recorded  amortization
expense in the amount of $19,861. The Company removed the asset and it's related
accumulated  amortization  and related note payable and recorded a $55,139 write
off in its statement of operations.

As the result of the write off of the  trading  securities  and the write off of
the trademark,  the Company agreed that the goodwill had no value and recorded a
$7,200 write off in it's statement of operations.


NOTE I - GOING CONCERN:
-----------------------

The  accompanying  financial  statements  have been  prepared  assuming that the
Company will continue as a going concern.  The Company has funded its operations
to date from  management  fees,  the issuance of shares and debt.  These matters
raise substantial doubt about its ability to continue as a going concern.

The  company has  minimal  capital  resources  available  to offset  losses from
operating and other obligations expected to be incurred. The continued existence
is dependent upon several factors, including its ability to generate revenue and
to generate operating capital.

The  Company  plans  to  generate  revenue  by  securing  additional  management
contracts that will provide adequate income to produce a profit.




                                       8
<PAGE>




Item 2:           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                  CONDITION AND RESULTS OF OPERATIONS.


Results of Operations
---------------------
The Company was incorporated in the State of Delaware on February 25, 2000 under
the name of HMGT  Management  Corporation.  On July 6, 2000,  the Company merged
with Spartan Oil  Corporation  which was accounted for as a reverse  merger.  On
August 1, 2000, the Company changed its name to HomeGate Corporation.

The company  manages  hotels and  currently  has three hotels  under  management
contract.  The Company had as many as ten under  management  contracts until the
owners of many of those hotels had financial  problems and lost ownership of the
hotels.  HomeGate  continues to pursue hotel  management  contracts and believes
that it will secure some in the third quarter.

The cash position of the Company  increased during the second quarter going from
a  negative  $710 at the  beginning  of the  quarter to $9,051 at the end of the
quarter.  Although  the  Company's  liquid  position  declined a little from the
$8,036 to a  negative  $27,776,  the  Company  feels  that it is in much  better
financial  state since it  purchased a note  receivable  in exchange  for stock,
thereby  giving it a monthly  cash flow which will help it cover the expenses of
soliciting  new hotel  management  contracts and general  operating  costs.  The
Company believes that the increase in its equity position from a negative $4,871
at the beginning of the quarter to a positive $243,211 at the end of the quarter
will  provide  it with  the  financial  position  to  better  attract  potential
customers.

The  increase  in equity is due to the  purchase  of a $268,000  note which pays
$1,000 each Monday  starting July 23, 2001 for thirty weeks and then pays $2,000
each Monday  thereafter  until the note is paid in full. No interest is attached
to the note.

The  Company  is in  negotiations  to add  four or  more  hotels  to  management
contracts.  The Company  expects these  contracts to finalized in the late third
quarter or early fourth quarter.







                                        9

<PAGE>



PART II.     OTHER INFORMATION


Item  1.     Legal Proceedings.

                  The Company is not involved in any legal proceedings.

Item  2.     Changes in Securities.

                  Registrant has made no changes in its securities.

Item  3.     Defaults Upon Senior Securities.

                  Registrant  has  no  senior   securities  and  accordingly  no
defaults.

Item  4.     Submission of Matters to a Vote of Security Holders.

                  None.

Item  5.     Other Information.

                  None.

Item 6.      Exhibits and Reports on Form 8-K.

                  None.





                                        10

<PAGE>


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 there unto duly authorized.



                                               HomeGate Corporation
                                               ---------------------------------
                                                (Registrant)


                                               BY: /s/  Gary W. Bell
                                                  ------------------------------
                                                        Gary W. Bell
                                               Its: President

DATE:             August 10, 2001
                  Dallas, Texas


                                       11