Canadian Natural Resources Limited Provides an Update on the South Africa Block 11B/12B

Canadian Natural Resources Limited ("Canadian Natural" or the "Company") announces that in connection with the Company's 20% working interest in South Africa Block 11B12B, the operator has made a significant gas condensate discovery on the Luiperd prospect, located in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa. This discovery follows the previously announced Brulpadda discovery in 2019.

The Luiperd well was drilled to a total depth of approximately 3,400 meters and encountered 73 meters of net gas condensate pay in well-developed, good quality, Lower Cretaceous reservoirs. Following a comprehensive coring and logging program, the well will be tested to assess the dynamic reservoir characteristics and deliverability.

Canadian Natural expects the costs for this well to be fully carried pursuant to Farm Out Agreements.

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.

CANADIAN NATURAL RESOURCES LIMITED
2100, 855 - 2 nd Street S.W. Calgary, Alberta, T2P4J8
Phone: 403-514-7777   Email: ir@cnrl.com
www.cnrl.com
TIM S. MCKAY
President
MARK A. STAINTHORPE
Chief Financial Officer and Senior Vice-President, Finance
JASON M. POPKO
Manager, Investor Relations
Trading Symbol - CNQ
Toronto Stock Exchange
New York Stock Exchange

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

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Wind turbines in a field with overlaid data graphs against a sunset sky.

IEA: World Energy Investment to Hit US$3.3 Trillion in 2025

Despite geopolitical and macroeconomic headwinds, global energy investment is expected to rise to an unprecedented US$3.3 trillion in 2025, according to the International Energy Agency (IEA).

The bulk of that capital — US$2.2 trillion — will go to clean energy technologies, including renewables, grids, storage, nuclear and efficiency initiatives, signaling the accelerating dominance of the so-called “Age of Electricity.”

This marks a 2 percent real-term increase from 2024, and, more significantly, it reflects a decisive structural shift.

Keep reading...Show less
Source Rock Royalties (TSXV:SRR)

Source Rock Royalties Declares Monthly Dividend

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on July 15, 2025 to shareholders of record on June 30, 2025.

This dividend is designated as an "eligible dividend" for Canadian income tax purposes.

Keep reading...Show less
Alvopetro Energy (TSXV:ALV)

Alvopetro Announces Q2 2025 Dividend of US$0.10 Per Share and Reminder of Upcoming AGM

Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces that our Board of Directors has declared a quarterly dividend of US$0.10 per common share, payable in cash on July 15, 2025 to shareholders of record at the close of business on June 30, 2025. This dividend is designated as an "eligible dividend" for Canadian income tax purposes.

Dividend payments to non-residents of Canada will be subject to withholding taxes at the Canadian statutory rate of 25%. Shareholders may be entitled to a reduced withholding tax rate under a tax treaty between their country of residence and Canada. For further information, see Alvopetro's website at https://alvopetro.com/Dividends-Non-resident-Shareholders.

Keep reading...Show less
Jupiter Energy Chairman Geoff Gander.

Jupiter Energy Eyes Production Growth, Profitability with Kazakhstan AIX Listing

Jupiter Energy (ASX:JPR) Chairman Geoff Gander discusses his company’s listing on the Astana International Exchange (AIX), Kazakhstan’s largest stock exchange, in a bid to raise US$5 million and increase productivity to 1,000 barrels of oil per day at the Akkar East field.

Offshore platform with "5 Top Canadian Mining Stocks This Week" text overlay.

Top 5 Canadian Mining Stocks This Week: Africa Energy Jumps 275 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its May labor force survey on Friday (June 6).

The data shows that nearly 9,000 new jobs were added to the workforce during the month. The news surprised analysts who were expecting losses of 12,500 as the effects of US trade tariffs began to be felt in the Canadian economy.

Keep reading...Show less

Latest Press Releases

Related News

×