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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of
2 L0 m2 q' c( c0 @- i, I2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and: j$ T! `; s# j3 I: ~+ L4 G
lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America4 C0 \" S F9 u" i8 e# g: J
natural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl4 E) `. h; l* o3 ?# d7 U
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