EXHIBIT 99.1
![PRESS RELEASE HEADER](https://capedge.com/proxy/6-K/0000950142-10-001106/ex991form6k_063010.jpg)
CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES
HORIZON OIL SANDS PRODUCTION
CALGARY, ALBERTA – JUNE 30, 2010 – FOR IMMEDIATE RELEASE
Canadian Natural Resources Limited (“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* |
May 2010 | 81,400* |
June 2010 forecast | 116,000-118,000 |
*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.
CANADIAN NATURAL RESOURCES LIMITED
2500, 855 – 2nd Street S.W.
Calgary, Alberta
T2P 4J8
Telephone: Facsimile: Email: Website: | (403) 514-7777 (403) 514-7888 ir@cnrl.com www.cnrl.com | JOHN G. LANGILLE Vice-Chairman STEVE W. LAUT President COREY B. BIEBER Vice-President, Finance & Investor Relations |
Trading Symbol - CNQ Toronto Stock Exchange New York Stock Exchange |
This document contains forward-looking statements under applicable securities laws, including, in particular, statements about Canadian
Naturals’ plans, strategies and prospects. Although the Company believes that the expectations reflected in these forward-looking
statements are reasonable, such statements are subject to known or unknown risks and uncertainties that may cause actual
results to differ materially from those anticipated. Please refer to the Company’s Interim Report or
Annual Information Form for a full description of these risks and impacts.