GLG News Analyses of the following article:

Canatxx Seeks Partners for the Largest Onshore Gas Facility in the UK

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Published at: www.oilvoice.com

Canatxx seeks partners - once, twice, three time a project?

January 19, 2009

GLG Expert Contributor

Canatxx Gas Storage Limited ("CGSL") and Canatxx LNG Limited ("CLNG") announces that it has retained BNP Paribas Corporate Finance to advise it in seeking strategic investors to take a stake of up to 50 per cent in the Company. Key UK projects are an LNG import terminal linked to a planned gas storage facility located in the county of Lancashire on the Irish Sea coast. The site is planned to be the largest onshore natural gas storage (UGS) facility in the UK.

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