The fire, which broke out yesterday at the Gdansk Refinery of Lotos on the production line, was put out after four hours – Bloomberg reported. According to Mr Marcin Zachowicz, the Company’s spokesman, the fire was not dangerous, as production on other lines were not affected and product deliveries are not endangered. However, at the current point, Lotos could not provide us more details on which line was damaged and what the estimated financial loss will be. The company’s IR office is expected to release more details as soon as damages are overseen. We see the news as negative, in line with yesterday’s trading reaction. However, due to the lack of information, we unable to determaine the extent.