Business
BlackRock facility sustains fire damage
BlackRock facility sustains fire damage.
About this update from Mapath Capital Corp
[{"type":"text","content":"\n\n\n\n\nCALGARY, July 5 /CNW/ - BlackRock Ventures Inc (TSX:BVI) confirmed today\nthat on Friday, June 30 at approximately 9:30 a.m. a fire occurred at its\nbitumen processing facility at Seal, near Peace River, Alberta.\nBlackRock emergency crews responded to the incident immediately with\nsupport from the Peace River Fire Department and industrial fire response\ncrews. The fire was extinguished by early Friday evening. No one was injured\nand regulatory authorities were notified.\nThe cause of the fire is unknown at this time. An investigation into the\ncause of the fire was launched on Saturday, July 1.\nDamage at the facility was contained to the oil battery, with significant\ndamage to up to 40 per cent of the battery facility.\nThe Seal field has maintained some production, but the undamaged\nprocessing facilities will be shut in until operations can be resumed safely\nin the coming weeks.\n\nBlackRock Ventures Inc. is an oil sands producer with operations located\nexclusively in Canada. Current operations are located in three heavy oil\nregions: the Peace River oil sands, the Cold Lake oil sands and the\nLloydminster area. In June 2006, Shell Canada Limited acquired control of\nBlackRock Ventures Inc. with the purchase of 98 per cent of its common shares.\n\nThis document contains \"forward-looking statements\" based upon\nmanagement's assessment of the Corporation's operations. The forward-looking\nstatements contained in this document include references to future production\nand operational reliability. Readers are cautioned not to place undue reliance\non forward-looking statements. Forward-looking statements involve numerous\nassumptions, known and unknown risks, and uncertainties that may cause the\nCorporation's actual performance or results to differ materially from any\nestimates or projections of future performance or results expressed or implied\nby such forward-looking statements. These assumptions, risks and uncertainties\ninclude, but are not limited to, operating conditions, operating costs, labour\navailability, material and equipment shortages, and other factors, many of\nwhich are beyond the control of the Corporation. Although the Corporation\nbelieves that the expectations represented by such forward-looking statements\nare reasonable based on the information available to it on the date of this\ndocum...