Falcon Gas Storage Company Hires New Chief Financial Officer

HOUSTON--(Business Wire)--
Falcon Gas Storage Company, Inc. today announced the appointment of Antoine
Lafargue as Chief Financial Officer. Lafargue comes from Arcapita B.S.C.(c),
Falcon`s largest shareholder and equity sponsor.

Along with serving on Falcon`s board of directors for more than two years,
Lafargue brings considerable experience in asset-based investments to Falcon`s
financial team. He will play a key role in developing and implementing long-term
growth and business expansion plans for Falcon`s NorTex facilities and the MoBay
Storage Hub, where plans are in place to obtain project financing later this
year and be in commercial operation the second quarter of 2011.

"We are pleased to have Antoine join Falcon and serve in a far greater capacity
as its Chief Financial Officer," said Falcon Gas Storage President Jim Goetz.
"Antoine brings a wealth of knowledge to our business, and we look forward to
his arrival."

Prior to joining the Arcapita team, Lafargue worked in the Leveraged Finance
group at Bank of America in London and gained significant experience in
financial and strategic advisory in the energy sector at Societe Generale and
Credit Suisse/ Donaldson, Lufkin & Jenrette. He holds master`s degrees in
Finance from ESCP Europe and in Social and Political Sciences from IEP in
France.

About Falcon Gas Storage Company, Inc.

Through its wholly-owned subsidiaries and affiliated companies, Houston-based
Falcon Gas Storage Company is one of the largest independently owned developers
and operators of high-deliverability, multi-cycle (HDMC) natural gas storage
capacity in the United States. Falcon`s NorTex Gas Storage Company subsidiary
owns and operates 35 Bcf of gas storage capacity with nearly 1.0 Bcfd of
aggregate deliverability from Hill-Lake and Worsham-Steed. Through its MoBay
Storage Hub LLC affiliate, Falcon is developing a 50 Bcf HDMC gas storage
project in southern Alabama with 1.0 Bcfd of injection and withdrawal capacity.
Falcon subsidiaries also are involved in crude oil production, including
enhanced oil recovery; natural gas transportation, processing and NGLs
production; and natural gas, crude oil and NGLs marketing and trading. Visit
Falcon at www.falcongasstorage.com

About Arcapita B.S.C.(c)

Arcapita is an international investment firm with offices in Atlanta, London,
Singapore and Bahrain. Arcapita operates four main lines of business: corporate
investment, venture capital, real estate investment, and infrastructure and
energy investment. Visit Arcapita at www.arcapita.com

Falcon Gas Storage Company, Inc.
President
Jim Goetz, 713-358-9004
jgoetz@falcongasstorage.com

Copyright Business Wire 2009