Canadian Natural Resources Limited Announces an Update on the Montney Disposition Process
09 Januar 2014 - 11:00AM
Marketwired
Canadian Natural Resources Limited Announces an Update on the
Montney Disposition Process
CALGARY, ALBERTA--(Marketwired - Jan 9, 2014) - Canadian Natural
Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the
"Company") announces the completion of its process of exploring
options to monetize or joint venture a portion of its Montney
acreage in the liquids rich fairway of Northeast British Columbia.
As part of the review process, third party evaluators established
contingent resources of approximately 6.7 TCFe on the relevant
acreage. Canadian Natural received a number of expressions of
interest on the acreage; however, none of the expressions were of
sufficient merit to complete a transaction at this time, and as
such, the Company has elected to retain the acreage, maintaining
one of the largest Montney land positions in Western Canada with
over one million net acres.
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.
Certain information regarding the Company contained herein may
constitute forward-looking statements under applicable securities
laws. Such statements are subject to known or unknown risks and
uncertainties that may cause actual results to differ materially
from those anticipated or implied in the forward-looking
statements. Refer to our website for complete forward-looking
statements www.cnrl.com
Steve W. LautPresidentCorey B. BieberChief Financial Officer
& Senior Vice-President, FinanceDouglas A. ProllExecutive
Vice-PresidentCanadian Natural Resources Limited2500, 855 - 2nd
Street S.W.Calgary, Alberta, T2P 4J8Phone: (403) 514-7777(403)
514-7888ir@cnrl.comwww.cnrl.com
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