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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of
4 l2 W2 u4 i7 q8 ?6 C0 \2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and* W& Z$ M& D O' A
lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America
7 w5 z8 Q: g8 e; L3 anatural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl
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