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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of
" z1 F$ v. b$ t$ O$ n% k% n2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and
% C( ~/ r1 Z) s6 ^lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America
, G' P' R6 ~$ Fnatural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl, k: o1 h% N% `) ^
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