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Connacher hoping to expand

Connacher Oil and Gas is looking for a partner to expand its oil sands production.

It’s hoping to get an extra 24,000 barrels per day out of its Algar steam-assisted gravity drainage project on its Great Divide property, south of Fort McMurray.

The company announced it’s hired an investment bank to help find a joint-venture partner.

The company hopes to get approval for the expansion later this year, and start construction in early 2012.