Cana­dian Nat­u­ral Re­sources Limited an­nounces Pelican Lake and other as­set ac­qui­si­tion

The McLeod River Post - - The Patch -

Cana­dian Nat­u­ral Re­sources Limited an­nounces that is has en­tered into an agree­ment to ac­quire as­sets in the Greater Pelican Lake re­gion and other mis­cel­la­neous as­sets in north­ern

Al­berta with pro­duc­tion of ap­prox­i­mately 19,600 BOE/d, for gross cash con­sid­er­a­tion of $975 mil­lion. The trans­ac­tion is tar­geted to close on or be­fore Septem­ber 30, 2017, sub­ject to nor­mal clos­ing con­di­tions and ap­provals. For more in­for­ma­tion on this core area ac­qui­si­tion, please see the Com­pany’s web­site at www.cnrl.com.

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.

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