CNQ Canadian Natural Resources Ltd

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

Dated:  April 7, 2015

Commission File Number: 333-12138

CANADIAN NATURAL RESOURCES LIMITED

(Exact name of registrant as specified in its charter)

2100, 855 – 2^ND Street S. W., Calgary, Alberta T2P 4J8

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

 

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Exhibit Number

Description

99.1	Press Release dated April 7, 2015.   Canadian Natural Resources Limited Announces Normal Course Issuer Bid

 

 

 

 

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Canadian Natural Resources Limited (Registrant)
Date:         April 7, 2015	By:	/s/ Bruce E. McGrath
		Bruce E. McGrath
		Corporate Secretary

 

 

 

 

 

 

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EXHIBIT 99.1

CANADIAN NATURAL RESOURCES LIMITED
ANNOUNCES NORMAL COURSE ISSUER BID

CALGARY, ALBERTA – APRIL 7, 2015 – FOR IMMEDIATE RELEASE

Canadian Natural Resources Limited ("Canadian Natural") announced today that Toronto Stock Exchange has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid through the facilities of Toronto Stock Exchange. Purchases may also be made through the facilities of the New York Stock Exchange.

The notice provides that Canadian Natural may, during the 12 month period commencing April 9, 2015 and ending April 8, 2016, purchase for cancellation on Toronto Stock Exchange, alternative Canadian trading platforms, and the New York Stock Exchange up to 54,640,607 shares, being 5% of the 1,092,812,154 outstanding common shares as at March 31, 2015.  Canadian Natural will not acquire more than 25% of the average daily trading volume of its common shares during a trading day, being 905,367 common shares subject to certain prescribed exceptions. The price which Canadian Natural will pay for any such shares will be the market price at the time of acquisition.  The actual number of common shares that may be purchased and the timing of any such purchases will be determined by Canadian Natural.

While pursuing Canadian Natural's successful acquisition, exploration and development plans remain a priority to create value for Canadian Natural, cash flow in 2015 may also be used by Canadian Natural, depending upon future trading prices and other factors, to purchase its common shares, as it is believed to be a worthwhile investment, and in the best interests of Canadian Natural and its shareholders or to further strengthen its balance sheet.

Canadian Natural, pursuant to a Normal Course Issuer Bid that ends April 8, 2015, purchased for cancellation to March 31, 2015 at a weighted average price of C$46.64 per common share, 8,140,000 of its outstanding common shares. Aggregate cost incurred to-date for the repurchase of shares under the current Normal Course Bid is $379.7 million.

Canadian Natural is a senior 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 Africa.

For further information, please contact:

CANADIAN NATURAL RESOURCES LIMITED

2100, 855 – 2nd Street S.W.

Calgary, Alberta

T2P 4J8

 

 

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