Business
BlackRock Seal facility resumes bitumen processing
BlackRock Seal facility resumes bitumen processing.
About this update from Mapath Capital Corp
[{"type":"text","content":"\n\n\n\n\nCALGARY, July 27 /CNW/ - BlackRock Ventures Inc. confirmed today that\nbitumen processing has resumed at its Seal facility, approximately 80 km\nnortheast of Peace River, Alberta.\nThe processing facilities were shut in on June 30, 2006 after a fire\ndamaged a significant portion of the oil battery.\nProcessing was re-started through the undamaged battery portion on\nJuly 24 and the facility is currently producing approximately 8,000 barrels of\nbitumen per day, of which approximately 4,000 barrels per day are BlackRock\nvolumes. The Seal facility has a design capacity of 23,000 barrels per day.\nRepairs to the balance of the facility continue. The Company is\ninvestigating the cause of the fire.\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 July 2006, Shell Canada Limited completed its\nacquisition of BlackRock Ventures Inc. with the purchase of 100 per cent of\nits 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\ndocument, there can be no assurance that such expectations will prove to be\ncorrect.\n\n\n\n","length":2305,"tagName":"div"}]