Parter maybe?????Excelsior Seeks Partner For In Situ Pilot Project 
Excelsior Energy Limited has engaged CIBC World Markets Inc. as its strategic advisor to identify and secure a major joint venture partner for the development of its experimental in situ combustion overhead gravity drainage ("COGD") pilot project at the company's Hangingstone oilsands property near Fort McMurray, Alberta.
In advance of retaining CIBC, the company noted it has attained several important milestones towards developing the Hangingstone property. In June 2009, Excelsior submitted an application for the approval of its planned COGD pilot project with regulatory authorities, and received confirmation the application was administratively complete and a public notice filed in August 2009. The company also filed a patent application for the proprietary process associated with COGD in September 2009.
In addition, a July 1, 2009, resource evaluation by the independent petroleum engineers, McDaniel & Associates of Calgary, confirmed the high quality bitumen resource at Hangingstone.
Excelsior said it is now preparing for project execution and has engaged the global reach of CIBC to identify a potential joint venture candidate to fund the COGD pilot project operations which are expected to commence mid 2010.
COGD is a proprietary technology developed by Excelsior and its technical advisors Hot-Tec Energy Inc. Hot-Tec is a private company affiliated with members of the In Situ Combustion Research Group, Department of Chemical and Petroleum Engineering, University of Calgary.
Research and development of the COGD technology is also supported by, advanced computer simulation modelling (CMG's "STARS" model). COGD technology is forecasted to require 80% less water and natural gas than current SAGD technology for in situ projects. More importantly, improved recovery factors in excess of 65%, or double those of SAGD, are also expected from COGD technology.
The cost of the experimental pilot project is estimated to be approximately $35 million to $50 million which contemplates a 1,000 bbl per day facility and up to three COGD well arrays.