BlackRock Temporarily Shuts Down Seal Production

BlackRock Ventures reports that a fire occurred in the main tank farm at its oil processing facility at Seal, in northern Alberta, and the facility has been shut-down for necessary repairs. BlackRock expects repairs to the facility will take two to four weeks and are expected to cost approximately $250,000. Cause of the fire is still being investigated. There were no injuries or fluid spills as a result of the fire.

Oil production from the Seal field is currently shut-in as a result of the fire but we are attempting to locate processing capacity with third party facilities until the Seal battery is operational again.