Excelsior Drilling Oilsands Evaluation Wells

Excelsior Energy Limited says it has received approval of West Surmont oilsands exploration plan 070095. Two core rigs are currently drilling ahead in the company's 24-well core drilling program at Hangingstone to confirm the resource potential of the property.

The heavy core rig will complete three deeper Hangingstone wells in township 85, range 9, section 25 and will then move to the West Surmont property and drill nine to 12 core wells.

The McMurray formation reservoir at Hangingstone is comprised of thick fluvial and estuarine channel sands. Existing well control at Hangingstone penetrated reservoirs with net bitumen pay thicknesses of up to 37 metres. The McMurray formation reservoir at West Surmont is comprised of thick fluvial channel sands. Existing well control at West Surmont penetrated reservoirs with net bitumen pay thicknesses of up to 29 metres.

The McMurray formation in both properties will be fully cored and evaluated with a full suite of wireline logs to confirm reservoir thickness and quality.