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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of* T! D2 ]# H+ \
2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and
6 h. g2 s: Q" P( ?/ nlower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America
& o( Q6 t3 X3 P, Z& @ m" R$ h/ xnatural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl' u6 B, c' l7 }% Q7 p, V7 i
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