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<SEC-DOCUMENT>0000950142-07-001198.txt : 20070521
<SEC-HEADER>0000950142-07-001198.hdr.sgml : 20070521
<ACCEPTANCE-DATETIME>20070518213744
ACCESSION NUMBER:		0000950142-07-001198
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20070503
FILED AS OF DATE:		20070521
DATE AS OF CHANGE:		20070518

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CANADIAN NATURAL RESOURCES LTD
		CENTRAL INDEX KEY:			0001017413
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-12138
		FILM NUMBER:		07866220

	BUSINESS ADDRESS:	
		STREET 1:		2500, 855-2 STREET SW
		CITY:			CALGARY ALBERTA CANADA
		STATE:			A0
		ZIP:			T2P 4J8
		BUSINESS PHONE:		403-517-6700

	MAIL ADDRESS:	
		STREET 1:		2500, 855-2 STREET SW
		CITY:			CALGARY ALBERTA CANADA
		STATE:			A0
		ZIP:			T2P 4J8
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k_050307.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
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            <div style="border:none;border-bottom:solid .05em;padding:0in 0in 1.0pt 0in">
            <div style=" border:none;border-bottom:solid .25em;padding:0in 0in 1.0pt 0in">
            <p>&nbsp;</p></div></div><BR>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>UNITED STATES</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>SECURITIES AND EXCHANGE COMMISSION</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Washington, D.C. 20549</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>FORM 6-K</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>REPORT OF FOREIGN PRIVATE ISSUER</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Pursuant to Section 13a-16 or 15d-16 of the</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Securities Exchange Act of 1934</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Press Releases May, 2007</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Commission File Number: 1-8795</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><U><B><font SIZE=2>CANADIAN  NATURAL  RESOURCES  LIMITED</font></B></U></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Exact name of registrant as specified in its charter)</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><u><font size=2>2500, 855 &#150; 2nd Street S.W., Calgary, Alberta, Canada  T2P 4J8</font></u></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Address of principal executive offices)</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</font></p>


            <table border="0" cellspacing=0 cellpadding=0 width="533" style='border-collapse:collapse'>
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                        <p style='margin-left:0pt;border-color:gray;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="144" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Form 20-F  </font></p> </td>
                    <td width="75" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Form 40-F  </font></p> </td>
                    <td width="27" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>X  &nbsp;</font></u></p> </td> </tr></table>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1). ____</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders. </font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____ </font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. </font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'><font size=2>Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</font></p>


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                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="144" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Yes  </font></p> </td>
                    <td width="29" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>No  </font></p> </td>
                    <td width="27" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><u><font size=2>X  &nbsp;</font></u></p> </td> </tr></table>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):  82-______</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

            <div style="border:none;border-bottom:solid .05em;padding:0in 0in 1.0pt 0in">
            <div style=" border:none;border-bottom:solid .25em;padding:0in 0in 1.0pt 0in">
            <p>&nbsp;</p></div></div><BR>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
            <br>
            <HR noshade align="center" width="100%" size="2">
            <p style='page-break-before:always'></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
            </p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Exhibit </font></b></p>


            <table border="0" cellspacing=0 cellpadding=0 width="263" style='border-collapse:collapse'>
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                    <td width="171" nowrap valign=top >
                        <p style='margin-left:0pt;border-color:gray;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><b><font size=2>Number</font></b></u></p> </td>
                    <td width="92" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><b><font size=2>Description</font></b></u></p> </td> </tr></table>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


            <table border="0" cellspacing=0 cellpadding=0 width="389" style='border-collapse:collapse'>
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                    <td width="171" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>99.1</font></p> </td>
                    <td width="219" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Press Release dated May 2, 2007</font></p> </td> </tr></table>

            <p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3in; text-indent:-3in;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.78in;text-align:left;'><font size=2>Canadian Natural Resources Limited Announces First Quarter 2007 Update on the Progress of the Horizon Oil Sands Project</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3in; text-indent:-3in;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3in; text-indent:-3in;text-align:left;'><font size=2>&nbsp;</font></p>


            <table border="0" cellspacing=0 cellpadding=0 width="389" style='border-collapse:collapse'>
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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>99.2</font></p> </td>
                    <td width="219" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Press Release dated May 3, 2007</font></p> </td> </tr></table>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3in; text-indent:-1.22in;text-align:left;'><font size=2>Canadian Natural Resources Limited Announces Dividend</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3in; text-indent:-3in;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3in; text-indent:-3in;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
            <br>
            <HR noshade align="center" width="100%" size="2">
            <p style='page-break-before:always'></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'>
            </p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SIGNATURE</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.54in;text-align:justify;'><font size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>  </td>
                    <td  nowrap colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>CANADIAN NATURAL RESOURCES LIMITED</font></B></p>  </td> </tr>
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                    <td width="336" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="88" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(Registrant)</font></p> </td>
                    <td  width="213">
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr></table>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Date:</font></p> </td>
                    <td width="285" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>May 10, 2007</font></p> </td>
                    <td width="27" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:</font></p> </td>
                    <td  nowrap colspan="3" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/&nbsp;&nbsp;Bruce E. McGrath&nbsp;&nbsp;</font></u></p> </td> </tr>
                <tr >
                    <td  nowrap colspan="3" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="115" nowrap valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>B. E. McGRATH</font></p> </td>
                    <td   colspan="2">
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
                <tr >
                    <td  nowrap colspan="3" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td  nowrap colspan="2" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Corporate Secretary</font></p> </td>
                    <td  width="8">
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
                <tr>
                    <td width="49" ></td>

                    <td width="285" ></td>

                    <td width="27" ></td>

                    <td width="115" ></td>

                    <td width="24" ></td>

                    <td width="8" ></td> </tr> </table>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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            <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99-1form6k_050307.htm
<DESCRIPTION>EXHIBIT 99.1
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img1.jpg"><br> </p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>FIRST QUARTER 2007 UPDATE ON THE PROGRESS OF</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>THE HORIZON OIL SANDS PROJECT</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>CALGARY, ALBERTA &#150; May 2, 2007 &#150; FOR IMMEDIATE RELEASE</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Canadian Natural Resources Limited (&#147;Canadian Natural&#148;) is pleased to provide its regular quarterly update on the Horizon Oil Sands Project (&#147;Horizon Project&#148;).</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&#147;We reached several major milestones during the first quarter of 2007.  Overall work progress is 66% complete, with on-site construction over 52% complete, reflecting the soundness of our execution strategy and the strength of our team&#148; commented Real Doucet, Sr. Vice President, Oil Sands.  </font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&#147;We are transitioning out of the winter months which have greater operational challenges, and moving into the peak construction phase of the Horizon Project.  We remain on schedule, despite heavier than normal snowfall over the 2006/2007 winter season which resulted in a below forecast ramp-up for some contractors along with lower productivity for others.  In addition, certain contracts have been delayed to take advantage of available schedule float allowing Canadian Natural to minimize unnecessary costs in the construction of some facilities - another example of Canadian Natural&#146;s ability to mitigate execution risks through our systematic and disciplined project control.   </font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>All major vessels have either been erected or are currently on-site as we move forward into the most labour-intensive portion of the Horizon Project.  Work scheduled for the coming months will focus more on mechanical construction efforts, which are scheduled to be completed through a mix of lump sum and reimbursable contracts.  </font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Our actual spending to date is near plan (69% actual versus 68% plan) and our overall project forecast cost is currently forecasted in a range that is not materially in excess from that approved by the Board of Directors in February 2005.  This positions Canadian Natural favorably given the rise in costs that has occurred during the last two years. Our current project completion cost forecast ranges from approximately 5% to 12% over the original $6.8 billion estimate.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>While we have maintained a strong historic safety record on the construction site, we were greatly saddened by the tragic death of two contract workers last week and our heartfelt sympathies are extended to their families, friends and co-workers.  An investigation is underway to determine the cause of this incident.  We remain committed to operating a safe and efficient worksite.&#148;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Horizon Project Status Summary</font></b></p>


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                    <td width="361" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="90" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Dec 31,</font></u></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>2006</font></u><u></u></p> </td>
                    <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:20.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>March  31,</font></u></p>
            <p style='margin-left:0pt;text-indent:38.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>2007</font></u><u></u></p> </td>
                    <td width="147" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>June 30, </font></u><font size=2>&nbsp;</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>2007</font></u><u></u></p> </td> </tr>
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                    <td width="361" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="90" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Actual</font></u><u></u></p> </td>
                    <td width="68" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Actual</font></u></p> </td>
                    <td width="68" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Plan</font></u></p> </td>
                    <td width="147" rowspan=3 valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><u><font size=2>Plan</font></u></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>77%</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>77%</font><u></u></p> </td> </tr>
                <tr >
                    <td width="361" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Phase 1 - Work progress (cumulative)</font></p> </td>
                    <td width="90" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>57%</font></p> </td>
                    <td width="68" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>66%</font></p> </td>
                    <td width="68" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>65%</font></p> </td> </tr>
                <tr >
                    <td width="361" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Phase 1 - Construction capital spending* (cumulative)</font></p> </td>
                    <td width="90" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>59%</font></p> </td>
                    <td width="68" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>69%</font></p> </td>
                    <td width="68" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>68%</font></p> </td> </tr></table>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=1>*Relative to overall Phase 1 project capital of $6.8 billion</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
            <br>
            <HR noshade align="center" width="100%" size="2">
            <p style='page-break-before:always'></p>


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                    <td width="367" valign=top style='border:solid black 3.0pt;border-color:gray; padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="367" valign=top style='border:solid black 3.0pt;border-color:gray; border-left:none;padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>PAGE 2</font></B></p> </td> </tr></table>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
            <b><font size=2>Accomplished during the First Quarter of 2007</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.12in; text-indent:-0.12in;text-align:justify;'><u><font size=2>Detailed Engineering</font></u></p>


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                    <td width="16" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Overall detailed engineering 96% complete and substantially complete in most areas.</font></p> </td> </tr></table>


            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.12in; text-indent:-0.12in;text-align:justify;'><u><font size=2>Procurement</font></u></p>


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                    <td width="16" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Overall procurement progress is 91% complete. </font></p> </td> </tr></table>



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                    <td width="16" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Awarded over $5.3 billion in purchase orders and contracts to date.</font></p> </td> </tr></table>



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                    <td width="16" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Operations and maintenance service and supply agreements in negotiation.</font></p> </td> </tr></table>


            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


            <p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.12in; text-indent:-0.12in;text-align:justify;'><u><font size=2>Modularization</font></u></p>


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                    <td width="16" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Delivered an additional 279 oversized loads to site for a total of 1,252 loads, which represents approximately 76% of the total requirement.</font></p> </td> </tr></table>


            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><u><font size=2>Construction</font></u></p>


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                    <td width="16" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Overall construction progress is 52% complete. </font></p> </td> </tr></table>



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                    <td width="16" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Mine overburden removal has moved 32 million bank cubic meters, which represents approximately 46% of the total to be moved and is 4% ahead of schedule.</font></p> </td> </tr></table>



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                    <td width="16" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>2006/2007 drilling program completed.</font></p> </td> </tr></table>



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                    <td width="16" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Began installing the Heat Recovery Steam Generator. </font></p> </td> </tr></table>



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                    <td width="16" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Moved crushing plant assemblies for Ore Preparation plant from the pre-assemble area to the permanent foundations.</font></p> </td> </tr></table>



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                    <td width="16" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Commenced module setting in the Hydrotreater Area.</font></p> </td> </tr></table>



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                    <td width="18" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Primary Separation Cell ready for hydrotesting.</font></p> </td> </tr></table>



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                    <td width="18" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>High pressure natural gas piping ready for commissioning.</font></p> </td> </tr></table>



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                    <td width="16" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Completed module fabrication and installation for coker/ diluent recovery unit</font></p> </td> </tr></table>



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                    <td width="18" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Completed cooling tower erection.</font></p> </td> </tr></table>



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                    <td width="18" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Finished installation of the last remaining 35kV substation.</font></p> </td> </tr></table>


            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><b><font size=2>Milestones for the Second Quarter of 2007</font></b></p>


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                    <td width="18" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Complete installation of coker and diluent recovery unit process structures.</font></p> </td> </tr></table>



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                    <td width="18" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Complete Primary Upgrading interconnecting welding on piperacks.</font></p> </td> </tr></table>



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                    <td width="18" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Energize main electrical substations R1/R2.</font></p> </td> </tr></table>



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                    <td width="18" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Mechanically complete cooling tower piping.</font></p> </td> </tr></table>



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                    <td width="18" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>42&#148; water pipeline to be complete and tested.</font></p> </td> </tr></table>



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                    <td width="18" valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
                    <td  valign=top >
                        <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>Water pumphouses mechanically complete.</font></p> </td> </tr></table>


            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><b><font size=2>Phase 2/3 Update</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>Originally commenced in mid 2006, Canadian Natural continues to proceed forward with Phase 2/3 of the Horizon Project with significant progress made towards the EDS portion of front end engineering.  To date we have spent $124 million on Phase 2/3, with $203 million budgeted in 2007 for these phases.  </font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>In 2006, Canadian Natural ordered certain major vessels required for Phase 2/3 of the Horizon Project, including the coke drums and the hydrotreating vessels.  To date, coker foundations have been built, together with the construction of significant piperack and common service infrastructure.  The engineering and construction work that has been completed provides Canadian Natural a distinct and strategic advantage over other projects as we build the Horizon Project. Canadian Natural is currently evaluating several execution options for the balance of Phase 2/3 construction that will provide flexibility and balance the risks associated with building in the current high cost environment.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
            <br>
            <HR noshade align="center" width="100%" size="2">
            <p style='page-break-before:always'></p>


            <table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse; '>
                <tr >
                    <td width="367" valign=top style='border:solid black 3.0pt;border-color:gray; padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="367" valign=top style='border:solid black 3.0pt;border-color:gray; border-left:none;padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>PAGE 3</font></B></p> </td> </tr></table>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>A picture gallery providing visual updates on construction progress is available on the Company&#146;s website (http://www.cnrl.com/horizon/about_horizon/photo_gallery.html).</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>The Company&#146;s results for the first quarter of 2007 will be released on May 3, 2007.  A conference call will be held on that day at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>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 West Africa.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><b><font size=2>Forward-Looking Statements</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font color="#292526"><font size=2>Certain statements in this document or documents incorporated herein by reference for Canadian Natural Resources Limited (the &#147;Company&#148;) may constitute &#147;forward-looking statements&#148; within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because of the context of the statements including words such as &#147;believes&#148;, &#147;anticipates&#148;, &#147;expects&#148;, &#147;plans&#148;, &#147;estimates&#148;, or words of a similar nature. The forward-looking statements are based on current expectations and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or
            implied by such forward-looking statements. Such factors include, among others: general economic and business conditions which will, among other things, impact demand for and market prices of the Company&#146;s products; foreign currency exchange rates; economic conditions in the countries and regions in which the Company conducts business; political uncertainty, including actions of or against terrorists or insurgent groups or other conflict including conflict between states; industry capacity; ability of the Company to implement its business strategy, including exploration and development activities; impact of competition; the availability and cost of seismic, drilling and other equipment; ability of the Company to complete its capital programs; ability of the Company to transport its products to market; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; the ability of the Company to attract the necessary labour required
            to build its projects; operating hazards and other difficulties inherent in the exploration for and production and sale of crude oil and natural gas; availability and cost of financing; success of exploration and development activities; timing and success of integrating the business and operations of acquired companies; production levels; uncertainty of reserve estimates; actions by governmental authorities; government regulations and the expenditures required to comply with them (especially safety and environmental laws and regulations); asset retirement obligations; and other circumstances affecting revenues and expenses. </font></font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font color="#292526"><font size=2>The impact of any one factor on a particular forward-looking statement is not determinable with certainty as such factors are interdependent, and the Company&#146;s course of action would depend upon its assessment of the future considering all information then available. Statements relating to &#147;reserves&#148; are deemed to be forward-looking statements as they involve the implied assessment based on certain estimates and assumptions that the reserves described can be profitably produced in the future. Readers are cautioned that the foregoing list of important factors is not exhaustive. Although the Company believes that the expectations conveyed by the forward-looking statements are reasonable based on information available to it on the date such forward-looking statements were made, no assurances can be given as to future results, levels of activity and achievements. All
            subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Except as required by law, the Company assumes no obligation to update forward-looking statements should circumstances or the Company&#146;s estimates or opinions change.</font></font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>For further information, please contact:</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CANADIAN NATURAL RESOURCES LIMITED</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>2500, 855 &#150; 2<sup>nd</sup> Street S.W.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Calgary, Alberta</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>T2P 4J8</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


            <table border="0" cellspacing=0 cellpadding=0 width="636" style='margin-left:5.4pt;border-collapse:collapse'>
                <tr >
                    <td width="216" style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Telephone:</font></b><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(403) 514-7777</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Facsimile:</font></b><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(403) 514-7888</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Email:</font></b>                                                <font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ir@cnrl.com </font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Website:</font></b><font
            size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;www.cnrl.com</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><br> <b><font size=2>Trading Symbol - CNQ</font></b><br> <font size=2>Toronto Stock Exchange </font><br> <font size=2>New York Stock Exchange</font></p> </td>
                    <td width="204" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>ALLAN P. MARKIN</font></B><br> <font size=2>Chairman</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>JOHN G. LANGILLE</font></B><br> <font size=2>Vice-Chairman</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>STEVE W. LAUT</font></B><br> <font size=2>President and</font><br> <font size=2>Chief Operating Officer</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>DOUGLAS A. PROLL</font></B></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>Chief Financial Officer and</font><br> <font size=2>Senior Vice-President, Finance</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>COREY B. BIEBER</font></B><br> <font size=2>Vice-President,</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>Finance &amp; Investor Relations</font></p> </td> </tr></table>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>ex99-2form6k_050307.htm
<DESCRIPTION>EXHIBIT 99.2
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            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img1.jpg"><br> </p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CANADIAN NATURAL RESOURCES LIMITED </font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>ANNOUNCES DIVIDEND</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>CALGARY, ALBERTA &#150; MAY 3, 2007 &#150; FOR IMMEDIATE RELEASE</font></b></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:6pt; margin-top:6pt;text-align:justify;'><font size=2>Canadian Natural Resources Limited announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.085 (eight and one half cents) per common share.  The dividend will be payable July 1, 2007 to shareholders of record at the close of business on June 15, 2007.</font></p>

            <p style=' margin-bottom:6pt; margin-top:6pt;text-align:justify;'><font size=2>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 West Africa.</font></p>

            <p style=' margin-bottom:0pt; margin-top:6pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:6pt; margin-top:6pt;text-align:left;'><font size=2>For further information, please contact:</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CANADIAN NATURAL RESOURCES LIMITED</font></B></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>2500, 855 &#150; 2<sup>nd</sup> Street S.W.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Calgary, Alberta</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>T2P 4J8</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>


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                        <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Telephone:</font></b><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(403) 514-7777</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Facsimile:</font></b><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(403) 514-7888</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Email:</font></b>                                                <font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ir@cnrl.com</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Website:</font></b><font
            size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;www.cnrl.com</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><br> <b><font size=2>Trading Symbol - CNQ</font></b><br> <font size=2>Toronto Stock Exchange </font><br> <font size=2>New York Stock Exchange</font></p> </td>
                    <td width="198" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>ALLAN P. MARKIN</font></B><br> <font size=2>Chairman</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>JOHN G. LANGILLE</font></B><br> <font size=2>Vice-Chairman</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>STEVE W. LAUT</font></B><br> <font size=2>President and</font><br> <font size=2>Chief Operating Officer</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
                    <td width="228" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
                        <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>DOUGLAS A. PROLL</font></B></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>Chief Financial Officer and</font><br> <font size=2> Senior Vice-President, Finance</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><B><font SIZE=2>COREY B. BIEBER</font></B><br> <font size=2>Vice-President,</font></p>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><font size=2>Finance and Investor Relations</font></p> </td> </tr></table>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:3pt; margin-top:3pt;text-align:justify;'><font size=1>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.</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

            <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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