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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of; G9 K3 B- Y" B% S$ p
2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and
4 ?, a8 d2 l& q: ?5 s% x0 x! slower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America Z- h4 y: ^* ^1 d) R l: T
natural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl% P/ u' V8 g& Z1 l; H2 P
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