75% seems to be the max of the historical production. I can see a JV partner putting up most of the cash for the first 12,000 bbl/d expansion with various options for the 2nd expansion.

The proven bitumen, land and relatively poor to medium expertise has value that would be counted toward CLL contribution of the expansion. The expertise and bitumen pricing is not real high on the value added part, the land might be. So if they manage a 50/50 split on production, it will be the hard assets having a value, then how much cash each contributes.