Blackwater Midstream Corp., formerly Laycor Ventures Corp. is a manager of third party fuel, agricultural and chemical bulk liquid storage terminals. The Company’s operations support different commercial customers, including refiners and chemical manufacturers. On September 9, 2008, the Company formed the Blackwater New Orleans, LLC (BNO) as its wholly owned subsidiary. On June 26, 2008, the Company acquired a 7% interest in Safeland Storage, L.L.C. (Safeland). On December 23, 2008, BNO acquired an existing bulk storage terminal in Westwego, LA (the Terminal) from NuStar Terminals Operations Partnership L.P. As of March 31, 2009, the Company’s asset portfolio consisted of the Westwego Terminal located along the Mississippi River within the Port of New Orleans.