Mike McGown Joins Magnum as Chief Financial Officer; Sam Quigley is Appointed General Manager

Jan 11, 2010, 12:57 ET from Magnum Gas Storage, LLC

SALT LAKE CITY, Jan. 11 /PRNewswire/ -- Magnum Gas Storage, LLC, has announced the addition of two experienced energy executives to the Company's management team. Mike McGown has been named Chief Financial Officer, and Sam Quigley has joined the Company as General Manager.

Mr. McGown previously served as Chief Financial Officer for Madagascar Oil. He has also worked in the energy investment banking group of Jefferies Randall & Dewey and in the corporate finance group of Vinson & Elkins LLP.

He is a graduate of Princeton University where he earned a B.A. and holds a J.D. from South Texas College of Law.

Mr. Quigley has more than 38 years of experience in the Utah mining industry where he has been responsible for the development of several coal mines and load-out facilities. He is a board member of the Division of Oil, Gas and Mining, the Utah Mining Association and Intermountain Electronics; a manufacturer of electric control and distribution equipment for the energy industry.

He is a graduate of the University of Utah where he earned a Bachelor's Degree in Geology.

"Both of these executives bring a depth of experience and talent that will be invaluable as Magnum continues to grow," says Craig Broussard, Chief Executive Officer. "Mike McGown has extensive energy and corporate finance experience while Sam Quigley has a wealth of experience in the Utah mining industry and in the development of new facilities."

Magnum Gas Storage is developing the first large-scale, high-deliverability salt cavern storage facility in the Western United States. Plans are well underway to initially develop two caverns, each with a working gas capacity of approximately 9 to 10.5 billion cubic feet, in Central Utah's Millard County.

Magnum Gas Storage, LLC, is a Haddington Ventures, LLC, portfolio company. Among the participating investors in Haddington Ventures are large insurance companies, public and private pension groups, commercial banks and high net worth individuals. Visit Magnum's website at www.westernenergyhub.com and Haddington Ventures' website at www.hvllc.com.

SOURCE Magnum Gas Storage, LLC