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Market: TSX-V
Sector: Oil & Gas Exploration & Production
Epic: TSX-V:ELE
News: Latest news
Web Site: Excelsior Energy
Other Articles: 14-11-2008

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Friday March 12, 09:50Baobab Resources resumes drilling at Tete iron-vanadium-titanium project

Shares in the company were lifted by the news it started a 12,000 metres scout drilling campaign at its project in Mozambique, with constant updates expected in the next few months.

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Friday March 12, 01:39Circadian Technologies to present at Ultimate Healthcare & Biotechnology Event, March 24

Robert Klupacs, CEO of Circadian Technologies, recommended by US Investment Bank Merriman Curhan Ford, as "the Cheapest Little Antibody Company on the Planet" will present in Sydney.

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Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Excelsior Energy

Excelsior Energy

Excelsior Energy is active in oil sands exploration and appraisal in the Hangingstone and West Surmont areas near Fort McMurray, Alberta and will hold a 75% working interest in 58 contiguous sections on completion of its farm-in obligations.

The Company also indirectly holds a 75% working interest in Blocks 16/1a and 16/6c in the UK North Sea through its subsidiary ENS Energy and a minor interest in gas production in Alberta.

Thursday, July 02, 2009

Excelsior applies for experimental bitumen recovery scheme at Hangingstone property

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Excelsior Energy Ltd (TSX-V: ELE) said it has submitted a joint application to Alberta Environment and the Alberta Energy Resources Conservation Board seeking regulatory approval for the Hangingstone Experimental In Situ Combustion project.

Excelsior is proposing to construct and operate an experimental bitumen recovery scheme on a portion of the company's Hangingstone asset in the Athabasca oil sands region approximately 27 kilometres south of Fort McMurray.

The objective of the project is to test the efficiency of the combustion overhead gravity drainage (COGD) recovery process in a field pilot as a viable and economically advantageous alternative to Steam Assisted Gravity Drainage recovery (SAGD).

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 at the University of Calgary’s Department of Chemical and Petroleum Engineering.

"This is an important milestone for Excelsior and the next step towards commercialisation of the Hangingstone property. Successful in situ combustion could significantly improve the sustainability and economics of in situ bitumen recovery" commented Robert Bailey, chief operating officer."

“The high quality resource at Hangingstone is close to developed infrastructure and is the perfect location for an experimental project, and with success could be readily expanded to a larger commercial scale operation," he added.

The project is designed to produce up to 1,000 barrels of bitumen per day and will target a high quality reservoir section with an average net continuous pay thickness greater than 25 meters, in the McMurray Formation over a development area of 56 acres.

The development area represents less than 1 percent of the area of mapped exploitable pay on the Hangingstone property. Project start is scheduled for 2011, and Excelsior has requested approvals to operate the project for four years.

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