CNR Acquires Core North Sea Properties



Canadian Natural Resources has acquired several light oil producing properties in the Central North Sea. The properties comprise operated interests in T-Block (Tiffany, Toni and Thelma fields) and B-Block (Balmoral, Stirling and Glamis fields), together with associated production facilities and adjacent exploration acreage. CNRI equity interests in the producing fields being acquired will be:


T-Block      Tiffany, Toni, Thelma      88.74%
B-Block      Balmoral                   70.20%
             Glamis                     75.29%
             Stirling                   68.68%


The acquisition will not result in a material change to the Company's previously announced forecasted year-end debt levels or financial ratios. Upon final closing of the transaction Canadian Natural will update its production guidance for the year.
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