CALGARY — Connacher Oil and Gas Limited (TSX:CLL) says it has hired the Rothschild investment bank as its exclusive financial adviser to help the company find a joint venture partner to develop its non-producing Great Divide oilsands assets in northern Alberta.
Connacher said Tuesday the joint venture will focus on developing an additional 24,000 daily barrels of bitumen production at Connacher’s Algar steam-assisted gravity drainage project on the company’s Great Divide oilsands property.
Connacher expects to get regulatory approval for the planned expansion late this year.