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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of
\' U1 \2 U: O" q1 J3 m5 m1 }2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and
/ B+ D% |& \- [, w+ J: m; {lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America8 [ v7 c1 n9 B5 I0 g, ?) W/ b0 X
natural 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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