Craig Broussard, CEO and Sam Quigley, General Manager of Magnum Gas Storage
will describe operational status of their gas storage facility.

Magnum is currently developing Magnum Gas Storage at the Western Energy Hub.
Magnum Gas Storage will be the first high-deliverability storage facility in the Rocky
Mountain Region. The facility will contain 4 solution mined storage caverns capable
of storing 54 billion cubic feet (Bcf) of natural gas. It will be interconnected with the
interstate natural gas pipeline system by a newly constructed 61-mile-long header
pipeline. The true benefit of solution mined storage caverns is that the purposebuilt
cavern design facilitates the easy injection and withdrawal of stored products.
This speaks directly to the functionality of a high-deliverability storage service.
Magnum Gas Storage can rapidly cycle natural gas in and out of caverns multiple
times a year to meet the fluctuations of consumer demand and renewable energy
sources. This is very different from gas storage facilities utilizing natural geologic
traps or aquifers where access to stored products is on a seasonal basis. At this
time, Magnum has completed the necessary environmental compliance studies and
received all of the required federal, state and local permits to begin Project
construction.

Future facilities at the Western Energy Hub will support the expansion and
utilization of renewable energy technologies within the existing energy
infrastructure. The Western Energy Hub will feature solution mined caverns capable
of storing natural gas, compressed air, and liquid energy products underground.
Each storage cavern can be individually sized to store between 1 and 10 million
barrels of product. Due to the site's easy integration and interconnection with the
interstate natural gas pipeline system and high voltage electric transmission grid,
these energy storage opportunities will provide regional energy producers and
providers with unique storage options that are not currently available. This makes
 the Western Energy Hub a strategic asset for both the State of Utah and the
Western United States.

The commercialization of the Western Energy Hub will lead to the development of
other associated businesses, such as:

• Brine processing for use in the salt, pharmaceutical, chemical, or industrial industries;
• Carbon capture and sequestration; and
• Natural gas fired combined cycle power generation.

The cost is $15.00 for members and guests, complimentary for students. Please RSVP
John McLennan, email: jmclennan@egi.utah.edu or (801 587-7925) by close of business
Monday, January 9, 2012.