Minor Tank Fire at Deer Creek Oil Sands Facility

Deer Creek Energy Limited reports that a minor tank fire interrupted the operations on its SAGD Phase I oil sands facility at Joslyn, located approximately 60 km north of Fort McMurray, Alberta. The fire began on Thursday, November 3, 2005 at about 11:00 a.m. and was fully extinguished by 12:45 p.m. that same day. There were no injuries, explosions or environmental incidents as a result of the fire. Regulatory agencies and local stakeholders have been notified.

An investigation into the cause of the fire and damage estimates is underway. The fire was isolated to two storage tanks and had no impact on any other tank or equipment of the facility.

The facility was shut down throughout the duration of the fire and is expected to commence start-up later today. Production from the facility prior to the fire was approximately 200 barrels of bitumen per day.