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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of
7 K3 H' P- P6 m m8 q/ a2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and3 m0 {0 n5 j6 M0 N/ v; F
lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America
3 w! G. M: V4 C" x& onatural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl# ]) m1 r' n# w, e- u
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