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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of
0 S- q2 W0 c! O& b2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and
7 k; F9 s+ V* s! _lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America: [3 Y7 T& J+ y! A! l- i! c5 i2 b
natural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl3 W$ G/ I) y: l# P3 @0 E2 K- _
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