Canadian Natural Resources Limited Announces the Acquisition of Barrick Energy Inc.
23 Julio 2013 - 4:20PM
Marketwired
Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian
Natural" or the "Company") announces entering into an agreement
relating to the acquisition of Barrick Energy Inc ("BEI"), a
subsidiary of Barrick Gold Corporation, following the sale by BEI
of certain assets, for cash consideration of approximately $173
million and a gross overriding royalty on certain lands at Nipisi.
BEI's high quality land and production are located in Alberta and
operated with a high working interest. The production base is
concentrated in light oil weighted assets with strong netbacks,
long reserve life and are complementary to Canadian Natural's
existing core areas.
The current production, before royalties, from the working
interests acquired by Canadian Natural, is approximately 4,200
barrels per day of light crude oil and NGLs and approximately 4.4
million cubic feet per day of natural gas. The assets include
properties in the highly economic Alberta areas of Worsley, Puskwa,
Sturgeon Lake, Retlaw and Red Earth, several key strategic
facilities plus approximately 92,160 net acres of unproved land at
Nipisi, which based on an independent engineering report, contains
38.6 million barrels of best estimate contingent resource (based on
technology under development).
In commenting on the acquisition, Canadian Natural's President,
Steve Laut stated, "This acquisition further strengthens Canadian
Natural's light oil asset and production base in key operating
areas and contributes to the light oil balance in the Company's
diversified portfolio. We look forward to working together with the
staff currently employed by BEI."
The transaction is targeted to close July 31, 2013, subject to
normal closing conditions. Canadian Natural will fund this
acquisition through a combination of operating cash flow and
available bank facilities.
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.
Contacts: Steve W. Laut President Douglas A. Proll Executive
Vice-President Corey B. Bieber Chief Financial Officer & Senior
Vice-President, Finance Canadian Natural Resources Limited 2500,
855 - 2nd Street S.W. Calgary, Alberta, T2P 4J8 Canada Phone: (403)
514-7777 (403) 514-7888 (FAX)ir@cnrl.com www.cnrl.com
Canadian Natural Resources (TSX:CNQ)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Canadian Natural Resources (TSX:CNQ)
Gráfica de Acción Histórica
De May 2023 a May 2024