* Q4 loss/shr C$0.04 vs C$0.03 last year
* Q4 rev up 44 pct
* Backs FY11 production view (Follows alerts)
March 17 (Reuters) - Canadian oil sands developer Connacher Oil & Gas Ltd posted a wider quarterly loss, hurt by a C$15.3 million ($15.5 million) impairment charge.
Connacher Oil, which owns oil sands leases in Alberta, said the charge is related to its investment in South America-focused Petrolifera Petroleum .
The company posted fourth-quarter net loss of C$19.2 million, or 4 Canadian cents a share, compared with a loss of C$14.7 million, or 3 Canadian cents a share, a year ago.
Revenue was up 44 percent at C$159 million.
Analysts on average expected a loss of 3 Canadian cents a share, on revenue of C$182 million, according to Thomson Reuters I/B/E/S.
Bitumen production more than doubled to 13,238 barrels per day (bbl/d).
The company also raised its capital budget for the year by 17 percent to C$122 million. It reiterated its bitumen production outlook of 14,500-16,500 bbl/d.
Shares of the Calgary-based company closed at C$1.36 on Thursday on the Toronto Stock Exchange.
$1 = 0.985 Canadian Dollars Reporting by Arnika Thakur; Editing by Maju Samuel