Canadian Natural Resources Limited Announces Horizon Oil Sands Production
June 30 2010 - 5:00AM
Marketwired
Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ)
("Canadian Natural" or the "Company") announces monthly production
of Synthetic Crude Oil ("SCO") at Horizon Oil Sands as follows:
-----------------------------------------------------
Month SCO Production (bbl/d)
-----------------------------------------------------
Q1 2010 86,995
-----------------------------------------------------
April 2010 101,000(i)
-----------------------------------------------------
May 2010 81,400(i)
-----------------------------------------------------
June 2010 forecast 116,000-118,000
-----------------------------------------------------
(i)rounded to the nearest hundred
The proactive maintenance during May 2010 was successfully
completed. This resulted in exceptional reliability and production
volumes in June 2010.
The Company targets stable production levels of approximately
110,000 barrels per day of SCO for the remainder of 2010 and will
continue to complete strategic maintenance as required resulting in
annual production guidance for 2010 remaining at 90,000 to 105,000
barrels per day of SCO at Horizon Oil Sands.
Canadian Natural is a senior crude oil and natural gas
production company, with continuing operations in its core areas
located in Western Canada, the U.K. portion of the North Sea and
Offshore West Africa.
Contacts: John G. Langille Vice Chairman Steve W. Laut President
Corey B. Bieber Vice-President, Finance & Investor Relations
Canadian Natural Resources Limited 2500, 855 2nd Street S.W.
Calgary, Alberta, T2P 4J8 Canada Phone: (403) 514-7777 Email:
ir@cnrl.com Website: www.cnrl.com
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