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(T) Tj ET Q q 0 0 0 rg BT 319.24 312.00 Td (rans ) Tj ET Q q 0 0 0 rg BT 342.20 312.00 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 387.92 312.00 Td (Expansion\) ) Tj ET Q q 0 0 0 rg BT 442.97 312.00 Td (in ) Tj ET Q q 0 0 0 rg BT 453.67 312.00 Td (the ) Tj ET Q q 0 0 0 rg BT 470.79 312.00 Td (final ) Tj ET Q q 0 0 0 rg BT 492.58 312.00 Td (stages ) Tj ET Q q 0 0 0 rg BT 526.04 312.00 Td (of ) Tj ET Q q 0 0 0 rg BT 537.32 312.00 Td (approval. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 299.40 Td (Dependent ) Tj ET Q q 0 0 0 rg BT 85.17 299.40 Td (on ) Tj ET Q q 0 0 0 rg BT 99.13 299.40 Td (the ) Tj ET Q q 0 0 0 rg BT 116.02 299.40 Td (outcome ) Tj ET Q q 0 0 0 rg BT 158.58 299.40 Td (of ) Tj ET Q q 0 0 0 rg BT 169.63 299.40 Td (these ) Tj ET Q q 0 0 0 rg BT 197.60 299.40 Td (two ) Tj ET Q q 0 0 0 rg BT 216.23 299.40 Td (factors, ) Tj ET Q q 0 0 0 rg BT 252.94 299.40 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 300.19 299.40 Td (Natural ) Tj ET Q q 0 0 0 rg BT 336.32 299.40 Td (has ) Tj ET Q q 0 0 0 rg BT 355.54 299.40 Td (the ) Tj ET Q q 0 0 0 rg BT 372.43 299.40 Td (capability ) Tj ET Q q 0 0 0 rg BT 418.49 299.40 Td (to ) Tj ET Q q 0 0 0 rg BT 429.53 299.40 Td (adjust ) Tj ET Q q 0 0 0 rg BT 459.84 299.40 Td (our ) Tj ET Q q 0 0 0 rg BT 477.31 299.40 Td ( ) Tj ET Q q 0 0 0 rg BT 479.59 299.40 Td (2019 ) Tj ET Q q 0 0 0 rg BT 505.24 299.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 537.88 299.40 Td (spending ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 286.80 Td (budget ) Tj ET Q q 0 0 0 rg BT 66.53 286.80 Td (closer ) Tj ET Q q 0 0 0 rg BT 97.46 286.80 Td (to ) Tj ET Q q 0 0 0 rg BT 109.14 286.80 Td (normalized ) Tj ET Q q 0 0 0 rg BT 163.41 286.80 Td (levels.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 268.20 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 79.21 268.20 Td (Natural) Tj ET Q q 0 0 0 rg BT 115.20 268.20 Td (s ) Tj ET Q q 0 0 0 rg BT 123.21 268.20 Td (President, ) Tj ET Q q 0 0 0 rg BT 173.06 268.20 Td (T) Tj ET Q q 0 0 0 rg BT 179.08 268.20 Td (im ) Tj ET Q q 0 0 0 rg BT 192.92 268.20 Td (McKay) Tj ET Q q 0 0 0 rg BT 224.23 268.20 Td (, ) Tj ET Q q 0 0 0 rg BT 229.90 268.20 Td (added, ) Tj ET Q q 0 0 0 rg BT 264.77 268.20 Td (The ) Tj ET Q q 0 0 0 rg BT 289.12 268.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 336.81 268.20 Td (will ) Tj ET Q q 0 0 0 rg BT 354.15 268.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 396.60 268.20 Td (to ) Tj ET Q q 0 0 0 rg BT 408.12 268.20 Td (focus ) Tj ET Q q 0 0 0 rg BT 435.97 268.20 Td (on ) Tj ET Q q 0 0 0 rg BT 450.40 268.20 Td (its ) Tj ET Q q 0 0 0 rg BT 463.66 268.20 Td (defined ) Tj ET Q q 0 0 0 rg BT 500.86 268.20 Td (growth ) Tj ET Q q 0 0 0 rg BT 535.13 268.20 Td (and ) Tj ET Q q 0 0 0 rg BT 555.41 268.20 Td (value ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 255.60 Td (enhancement ) Tj ET Q q 0 0 0 rg BT 97.84 255.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 120.40 255.60 Td (by ) Tj ET Q q 0 0 0 rg BT 134.19 255.60 Td (product ) Tj ET Q q 0 0 0 rg BT 171.92 255.60 Td (and ) Tj ET Q q 0 0 0 rg BT 192.14 255.60 Td (basin, ) Tj ET Q q 0 0 0 rg BT 222.87 255.60 Td (and ) Tj ET Q q 0 0 0 rg BT 243.09 255.60 Td (managing ) Tj ET Q q 0 0 0 rg BT 291.92 255.60 Td (time ) Tj ET Q q 0 0 0 rg BT 314.46 255.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 338.76 255.60 Td (of ) Tj ET Q q 0 0 0 rg BT 350.22 255.60 Td (development. ) Tj ET Q q 0 0 0 rg BT 415.97 255.60 Td (Safe, ) Tj ET Q q 0 0 0 rg BT 443.19 255.60 Td (reliable, ) Tj ET Q q 0 0 0 rg BT 482.67 255.60 Td (ef) Tj ET Q q 0 0 0 rg BT 491.24 255.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 524.29 255.60 Td (and ) Tj ET Q q 0 0 0 rg BT 544.52 255.60 Td (ef) Tj ET Q q 0 0 0 rg BT 553.08 255.60 Td (ficient ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 243.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 82.75 243.00 Td (will ) Tj ET Q q 0 0 0 rg BT 99.55 243.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 141.47 243.00 Td (to ) Tj ET Q q 0 0 0 rg BT 152.45 243.00 Td (be ) Tj ET Q q 0 0 0 rg BT 166.35 243.00 Td (a ) Tj ET Q q 0 0 0 rg BT 174.40 243.00 Td (focus ) Tj ET Q q 0 0 0 rg BT 201.72 243.00 Td (for ) Tj ET Q q 0 0 0 rg BT 216.19 243.00 Td (the ) Tj ET Q q 0 0 0 rg BT 233.01 243.00 Td (Company) Tj ET Q q 0 0 0 rg BT 277.17 243.00 Td (, ) Tj ET Q q 0 0 0 rg BT 282.30 243.00 Td (as ) Tj ET Q q 0 0 0 rg BT 295.61 243.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 317.09 243.00 Td (control ) Tj ET Q q 0 0 0 rg BT 350.82 243.00 Td (and ) Tj ET Q q 0 0 0 rg BT 370.56 243.00 Td (reliability ) Tj ET Q q 0 0 0 rg BT 413.63 243.00 Td (across ) Tj ET Q q 0 0 0 rg BT 446.77 243.00 Td (all ) Tj ET Q q 0 0 0 rg BT 459.49 243.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 492.06 243.00 Td (will ) Tj ET Q q 0 0 0 rg BT 508.86 243.00 Td (maximize ) Tj ET Q q 0 0 0 rg BT 555.42 243.00 Td (value ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 230.40 Td (for ) Tj ET Q q 0 0 0 rg BT 46.74 230.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 110.44 230.40 Td (in ) Tj ET Q q 0 0 0 rg BT 121.60 230.40 Td (2019. ) Tj ET Q q 0 0 0 rg BT 150.86 230.40 Td (Completion ) Tj ET Q q 0 0 0 rg BT 206.96 230.40 Td (at ) Tj ET Q q 0 0 0 rg BT 218.71 230.40 Td (our ) Tj ET Q q 0 0 0 rg BT 236.88 230.40 Td (Kirby ) Tj ET Q q 0 0 0 rg BT 263.79 230.40 Td (North ) Tj ET Q q 0 0 0 rg BT 292.45 230.40 Td (Steam ) Tj ET Q q 0 0 0 rg BT 325.20 230.40 Td (Assisted ) Tj ET Q q 0 0 0 rg BT 367.87 230.40 Td (Gravity ) Tj ET Q q 0 0 0 rg BT 404.11 230.40 Td (Drainage ) Tj ET Q q 0 0 0 rg BT 449.71 230.40 Td (\("SAGD"\) ) Tj ET Q q 0 0 0 rg BT 496.91 230.40 Td (project ) Tj ET Q q 0 0 0 rg BT 531.41 230.40 Td (is ) Tj ET Q q 0 0 0 rg BT 541.98 230.40 Td (targeted ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 217.80 Td (for ) Tj ET Q q 0 0 0 rg BT 46.41 217.80 Td (Q3/19, ) Tj ET Q q 0 0 0 rg BT 80.59 217.80 Td (when ) Tj ET Q q 0 0 0 rg BT 108.35 217.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 140.18 217.80 Td (commissioning ) Tj ET Q q 0 0 0 rg BT 212.28 217.80 Td (and ) Tj ET Q q 0 0 0 rg BT 232.45 217.80 Td (steam ) Tj ET Q q 0 0 0 rg BT 263.70 217.80 Td (circulation ) Tj ET Q q 0 0 0 rg BT 313.63 217.80 Td (will ) Tj ET Q q 0 0 0 rg BT 330.87 217.80 Td (begin, ) Tj ET Q q 0 0 0 rg BT 362.14 217.80 Td (followed ) Tj ET Q q 0 0 0 rg BT 403.32 217.80 Td (by ) Tj ET Q q 0 0 0 rg BT 417.07 217.80 Td (targeted ) Tj ET Q q 0 0 0 rg BT 458.26 217.80 Td (first ) Tj ET Q q 0 0 0 rg BT 477.83 217.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 490.99 217.80 Td (in ) Tj ET Q q 0 0 0 rg BT 501.82 217.80 Td (Q4/19. ) Tj ET Q q 0 0 0 rg BT 535.82 217.80 Td (The ) Tj ET Q q 0 0 0 rg BT 556.58 217.80 Td (Kirby ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 205.20 Td (North ) Tj ET Q q 0 0 0 rg BT 60.30 205.20 Td (SAGD ) Tj ET Q q 0 0 0 rg BT 93.17 205.20 Td (project ) Tj ET Q q 0 0 0 rg BT 127.81 205.20 Td (will ) Tj ET Q q 0 0 0 rg BT 145.51 205.20 Td (ramp ) Tj ET Q q 0 0 0 rg BT 172.55 205.20 Td (up ) Tj ET Q q 0 0 0 rg BT 187.35 205.20 Td (throughout ) Tj ET Q q 0 0 0 rg BT 240.68 205.20 Td (2020 ) Tj ET Q q 0 0 0 rg BT 267.16 205.20 Td (with ) Tj ET Q q 0 0 0 rg BT 288.96 205.20 Td (targeted ) Tj ET Q q 0 0 0 rg BT 330.61 205.20 Td (production ) Tj ET Q q 0 0 0 rg BT 382.76 205.20 Td (capability ) Tj ET Q q 0 0 0 rg BT 429.66 205.20 Td (of ) Tj ET Q q 0 0 0 rg BT 441.53 205.20 Td (40,000 ) Tj ET Q q 0 0 0 rg BT 476.77 205.20 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 502.66 205.20 Td (in ) Tj ET Q q 0 0 0 rg BT 513.95 205.20 Td (the ) Tj ET Q q 0 0 0 rg BT 531.67 205.20 Td (first ) Tj ET Q q 0 0 0 rg BT 551.70 205.20 Td (half ) Tj ET Q q 0 0 0 rg BT 571.75 205.20 Td (of ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 192.60 Td (2021. ) Tj ET Q q 0 0 0 rg BT 60.03 192.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 112.96 192.60 Td (, ) Tj ET Q q 0 0 0 rg BT 118.69 192.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 148.94 192.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 196.69 192.60 Td (pad ) Tj ET Q q 0 0 0 rg BT 217.03 192.60 Td (additions ) Tj ET Q q 0 0 0 rg BT 261.87 192.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 292.70 192.60 Td (at ) Tj ET Q q 0 0 0 rg BT 304.28 192.60 Td (Primrose ) Tj ET Q q 0 0 0 rg BT 349.10 192.60 Td (in ) Tj ET Q q 0 0 0 rg BT 360.09 192.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 386.26 192.60 Td (will ) Tj ET Q q 0 0 0 rg BT 403.66 192.60 Td (be ) Tj ET Q q 0 0 0 rg BT 418.15 192.60 Td (brought ) Tj ET Q q 0 0 0 rg BT 456.58 192.60 Td (on ) Tj ET Q q 0 0 0 rg BT 471.07 192.60 Td (production ) Tj ET Q q 0 0 0 rg BT 522.93 192.60 Td (later ) Tj ET Q q 0 0 0 rg BT 546.17 192.60 Td (in ) Tj ET Q q 0 0 0 rg BT 557.15 192.60 Td (2019 ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 180.00 Td (and ) Tj ET Q q 0 0 0 rg BT 51.70 180.00 Td (are ) Tj ET Q q 0 0 0 rg BT 69.55 180.00 Td (targeted ) Tj ET Q q 0 0 0 rg BT 110.76 180.00 Td (to ) Tj ET Q q 0 0 0 rg BT 122.19 180.00 Td (add ) Tj ET Q q 0 0 0 rg BT 142.39 180.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 210.43 180.00 Td (26,000 ) Tj ET Q q 0 0 0 rg BT 245.22 180.00 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 270.67 180.00 Td (in ) Tj ET Q q 0 0 0 rg BT 281.52 180.00 Td (their ) Tj ET Q q 0 0 0 rg BT 304.62 180.00 Td (first ) Tj ET Q q 0 0 0 rg BT 324.21 180.00 Td (12 ) Tj ET Q q 0 0 0 rg BT 338.57 180.00 Td (months ) Tj ET Q q 0 0 0 rg BT 375.68 180.00 Td (of ) Tj ET Q q 0 0 0 rg BT 387.12 180.00 Td (production. ) Tj ET Q q 0 0 0 rg BT 441.75 180.00 Td (Production ) Tj ET Q q 0 0 0 rg BT 494.62 180.00 Td (volumes ) Tj ET Q q 0 0 0 rg BT 536.40 180.00 Td (from ) Tj ET Q q 0 0 0 rg BT 560.08 180.00 Td (both ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 167.40 Td (thermal ) Tj ET Q q 0 0 0 rg BT 69.43 167.40 Td (projects ) Tj ET Q q 0 0 0 rg BT 109.11 167.40 Td (are ) Tj ET Q q 0 0 0 rg BT 127.21 167.40 Td (strategically ) Tj ET Q q 0 0 0 rg BT 185.57 167.40 Td (targeted ) Tj ET Q q 0 0 0 rg BT 227.01 167.40 Td (to ) Tj ET Q q 0 0 0 rg BT 238.69 167.40 Td (align ) Tj ET Q q 0 0 0 rg BT 263.79 167.40 Td (with ) Tj ET Q q 0 0 0 rg BT 285.38 167.40 Td (improved ) Tj ET Q q 0 0 0 rg BT 331.49 167.40 Td (market ) Tj ET Q q 0 0 0 rg BT 366.49 167.40 Td (access.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 148.80 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 79.50 148.80 Td (Natural) Tj ET Q q 0 0 0 rg BT 115.49 148.80 Td (s ) Tj ET Q q 0 0 0 rg BT 123.79 148.80 Td (Chief ) Tj ET Q q 0 0 0 rg BT 151.35 148.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 196.42 148.80 Td (Of) Tj ET Q q 0 0 0 rg BT 207.31 148.80 Td (ficer) Tj ET Q q 0 0 0 rg BT 226.57 148.80 Td (, ) Tj ET Q q 0 0 0 rg BT 232.53 148.80 Td (Corey ) Tj ET Q q 0 0 0 rg BT 263.59 148.80 Td (Bieber) Tj ET Q q 0 0 0 rg BT 293.36 148.80 Td (, ) Tj ET Q q 0 0 0 rg BT 299.33 148.80 Td (continued, ) Tj ET Q q 0 0 0 rg BT 350.83 148.80 Td (In ) Tj ET Q q 0 0 0 rg BT 366.13 148.80 Td (2019, ) Tj ET Q q 0 0 0 rg BT 395.45 148.80 Td (our ) Tj ET Q q 0 0 0 rg BT 413.67 148.80 Td (commitment ) Tj ET Q q 0 0 0 rg BT 473.90 148.80 Td (to ) Tj ET Q q 0 0 0 rg BT 485.70 148.80 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 542.45 148.80 Td (a ) Tj ET Q q 0 0 0 rg BT 551.33 148.80 Td (strong ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 136.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 74.05 136.20 Td (position ) Tj ET Q q 0 0 0 rg BT 114.26 136.20 Td (is ) Tj ET Q q 0 0 0 rg BT 125.86 136.20 Td (supported ) Tj ET Q q 0 0 0 rg BT 176.58 136.20 Td (by ) Tj ET Q q 0 0 0 rg BT 191.69 136.20 Td (a ) Tj ET Q q 0 0 0 rg BT 201.55 136.20 Td (highly ) Tj ET Q q 0 0 0 rg BT 233.01 136.20 Td (flexible ) Tj ET Q q 0 0 0 rg BT 269.72 136.20 Td (and ) Tj ET Q q 0 0 0 rg BT 291.26 136.20 Td (disciplined ) Tj ET Q q 0 0 0 rg BT 344.31 136.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 378.68 136.20 Td (program, ) Tj ET Q q 0 0 0 rg BT 424.72 136.20 Td (ample ) Tj ET Q q 0 0 0 rg BT 457.34 136.20 Td (liquidity) Tj ET Q q 0 0 0 rg BT 491.58 136.20 Td (, ) Tj ET Q q 0 0 0 rg BT 498.51 136.20 Td (and ) Tj ET Q q 0 0 0 rg BT 520.05 136.20 Td (ef) Tj ET Q q 0 0 0 rg BT 528.62 136.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 562.99 136.20 Td (and ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 123.60 Td (ef) Tj ET Q q 0 0 0 rg BT 40.07 123.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 70.70 123.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 125.86 123.60 Td (In ) Tj ET Q q 0 0 0 rg BT 137.82 123.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 195.31 123.60 Td (with ) Tj ET Q q 0 0 0 rg BT 217.19 123.60 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 265.34 123.60 Td (Natural's ) Tj ET Q q 0 0 0 rg BT 309.65 123.60 Td (free ) Tj ET Q q 0 0 0 rg BT 330.95 123.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 356.33 123.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 378.21 123.60 Td (allocation ) Tj ET Q q 0 0 0 rg BT 425.78 123.60 Td (policy) Tj ET Q q 0 0 0 rg BT 451.85 123.60 Td (, ) Tj ET Q q 0 0 0 rg BT 457.97 123.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.77 123.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 523.91 123.60 Td (will ) Tj ET Q q 0 0 0 rg BT 541.70 123.60 Td (target ) Tj ET Q q 0 0 0 rg BT 571.75 123.60 Td (to ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 111.00 Td (allocate ) Tj ET Q q 0 0 0 rg BT 70.23 111.00 Td (its ) Tj ET Q q 0 0 0 rg BT 83.26 111.00 Td (free ) Tj ET Q q 0 0 0 rg BT 103.89 111.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 128.61 111.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 149.82 111.00 Td (equally ) Tj ET Q q 0 0 0 rg BT 185.63 111.00 Td (between ) Tj ET Q q 0 0 0 rg BT 227.86 111.00 Td (share ) Tj ET Q q 0 0 0 rg BT 256.67 111.00 Td (purchases ) Tj ET Q q 0 0 0 rg BT 307.65 111.00 Td (and ) Tj ET Q q 0 0 0 rg BT 327.70 111.00 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 393.87 111.00 Td (the ) Tj ET Q q 0 0 0 rg BT 411.00 111.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 450.32 111.00 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 481.46 111.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 501.50 111.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 542.56 111.00 Td (strength ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 98.40 Td (gives ) Tj ET Q q 0 0 0 rg BT 57.98 98.40 Td (us ) Tj ET Q q 0 0 0 rg BT 71.03 98.40 Td (the ) Tj ET Q q 0 0 0 rg BT 87.59 98.40 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 129.24 98.40 Td (to ) Tj ET Q q 0 0 0 rg BT 139.96 98.40 Td (deliver ) Tj ET Q q 0 0 0 rg BT 172.85 98.40 Td (on ) Tj ET Q q 0 0 0 rg BT 186.50 98.40 Td (our ) Tj ET Q q 0 0 0 rg BT 203.64 98.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 225.46 98.40 Td (and ) Tj ET Q q 0 0 0 rg BT 244.94 98.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 286.60 98.40 Td (to ) Tj ET Q q 0 0 0 rg BT 297.33 98.40 Td (drive ) Tj ET Q q 0 0 0 rg BT 322.05 98.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 368.36 98.40 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 425.78 98.40 Td (value ) Tj ET Q q 0 0 0 rg BT 452.85 98.40 Td (creation ) Tj ET Q q 0 0 0 rg BT 492.17 98.40 Td (through ) Tj ET Q q 0 0 0 rg BT 529.75 98.40 Td (commodity ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 85.80 Td (price ) Tj ET Q q 0 0 0 rg BT 57.23 85.80 Td (cycles. ) Tj ET Q q 0 0 0 rg BT 92.10 85.80 Td (The ) Tj ET Q q 0 0 0 rg BT 113.17 85.80 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 155.82 85.80 Td (of ) Tj ET Q q 0 0 0 rg BT 167.55 85.80 Td (our ) Tj ET Q q 0 0 0 rg BT 185.69 85.80 Td (2019 ) Tj ET Q q 0 0 0 rg BT 212.02 85.80 Td (budget ) Tj ET Q q 0 0 0 rg BT 247.11 85.80 Td (is ) Tj ET Q q 0 0 0 rg BT 257.67 85.80 Td (a ) Tj ET Q q 0 0 0 rg BT 266.48 85.80 Td (very ) Tj ET Q q 0 0 0 rg BT 289.29 85.80 Td (good ) Tj ET Q q 0 0 0 rg BT 315.62 85.80 Td (example ) Tj ET Q q 0 0 0 rg BT 358.28 85.80 Td (of ) Tj ET Q q 0 0 0 rg BT 370.01 85.80 Td (how ) Tj ET Q q 0 0 0 rg BT 392.24 85.80 Td (the ) Tj ET Q q 0 0 0 rg BT 409.81 85.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 457.72 85.80 Td (can ) Tj ET Q q 0 0 0 rg BT 477.62 85.80 Td (be ) Tj ET Q q 0 0 0 rg BT 492.27 85.80 Td (nimble ) Tj ET Q q 0 0 0 rg BT 526.18 85.80 Td (in ) Tj ET Q q 0 0 0 rg BT 537.32 85.80 Td (response ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 73.20 Td (to ) Tj ET Q q 0 0 0 rg BT 43.17 73.20 Td (a ) Tj ET Q q 0 0 0 rg BT 51.93 73.20 Td (volatile ) Tj ET Q q 0 0 0 rg BT 87.54 73.20 Td (commodity ) Tj ET Q q 0 0 0 rg BT 141.22 73.20 Td (market.") Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 23.75 29.40 Td (Canadian Natural Resources Limited) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.20 29.40 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.20 29.40 Td (Press Release) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.50 Tf ET q 0 0 0 rg BT 31.50 748.40 Td (HIGHLIGHTS OF THE 2019 BASE BUDGET ) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 3.82 0 0 10.55 31.50 728.53 cm /I2 Do Q q 0 0 0 rg BT 35.32 730.80 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 730.80 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 97.22 730.80 Td (Natural) Tj ET Q q 0 0 0 rg BT 133.21 730.80 Td (s ) Tj ET Q q 0 0 0 rg BT 141.22 730.80 Td (2019 ) Tj ET Q q 0 0 0 rg BT 167.34 730.80 Td (base ) Tj ET Q q 0 0 0 rg BT 192.88 730.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 225.99 730.80 Td (budget ) Tj ET Q q 0 0 0 rg BT 260.87 730.80 Td (is ) Tj ET Q q 0 0 0 rg BT 271.21 730.80 Td (targeted ) Tj ET Q q 0 0 0 rg BT 312.51 730.80 Td (to ) Tj ET Q q 0 0 0 rg BT 324.03 730.80 Td (be ) Tj ET Q q 0 0 0 rg BT 338.47 730.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 406.60 730.80 Td ($3.7 ) Tj ET Q q 0 0 0 rg BT 429.80 730.80 Td (billion, ) Tj ET Q q 0 0 0 rg BT 462.33 730.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 530.46 730.80 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 553.65 730.80 Td (billion ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 718.20 Td (less ) Tj ET Q q 0 0 0 rg BT 72.06 718.20 Td (than ) Tj ET Q q 0 0 0 rg BT 96.38 718.20 Td (the ) Tj ET Q q 0 0 0 rg BT 114.87 718.20 Td (2018 ) Tj ET Q q 0 0 0 rg BT 142.11 718.20 Td (forecast ) Tj ET Q q 0 0 0 rg BT 183.35 718.20 Td (as ) Tj ET Q q 0 0 0 rg BT 198.32 718.20 Td (the ) Tj ET Q q 0 0 0 rg BT 216.81 718.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 265.63 718.20 Td (demonstrates ) Tj ET Q q 0 0 0 rg BT 333.14 718.20 Td (its ) Tj ET Q q 0 0 0 rg BT 347.52 718.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 378.26 718.20 Td (to ) Tj ET Q q 0 0 0 rg BT 390.90 718.20 Td (exercise ) Tj ET Q q 0 0 0 rg BT 433.88 718.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 468.12 718.20 Td (flexibility) Tj ET Q q 0 0 0 rg BT 507.02 718.20 Td (. ) Tj ET Q q 0 0 0 rg BT 513.58 718.20 Td (The ) Tj ET Q q 0 0 0 rg BT 535.56 718.20 Td (Company ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 705.60 Td (targets ) Tj ET Q q 0 0 0 rg BT 84.06 705.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 146.65 705.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 179.46 705.60 Td (at ) Tj ET Q q 0 0 0 rg BT 190.68 705.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 258.51 705.60 Td ($3.1 ) Tj ET Q q 0 0 0 rg BT 281.41 705.60 Td (billion, ) Tj ET Q q 0 0 0 rg BT 313.64 705.60 Td (demonstrating ) Tj ET Q q 0 0 0 rg BT 382.64 705.60 Td (a ) Tj ET Q q 0 0 0 rg BT 390.94 705.60 Td (key ) Tj ET Q q 0 0 0 rg BT 409.74 705.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 443.73 705.60 Td (of ) Tj ET Q q 0 0 0 rg BT 454.95 705.60 Td (a ) Tj ET Q q 0 0 0 rg BT 463.25 705.60 Td (long ) Tj ET Q q 0 0 0 rg BT 485.57 705.60 Td (life ) Tj ET Q q 0 0 0 rg BT 501.45 705.60 Td (low ) Tj ET Q q 0 0 0 rg BT 519.67 705.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 555.40 705.60 Td (asset ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 693.00 Td (base.) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 3.82 0 0 10.55 31.50 673.13 cm /I3 Do Q q 0 0 0 rg BT 35.32 675.40 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 675.40 Td (If ) Tj ET Q q 0 0 0 rg BT 57.38 675.40 Td (pricing ) Tj ET Q q 0 0 0 rg BT 90.36 675.40 Td (dif) Tj ET Q q 0 0 0 rg BT 101.26 675.40 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 145.91 675.40 Td (and ) Tj ET Q q 0 0 0 rg BT 165.48 675.40 Td (market ) Tj ET Q q 0 0 0 rg BT 199.61 675.40 Td (access ) Tj ET Q q 0 0 0 rg BT 234.34 675.40 Td (improve ) Tj ET Q q 0 0 0 rg BT 273.73 675.40 Td (throughout ) Tj ET Q q 0 0 0 rg BT 325.99 675.40 Td (2019, ) Tj ET Q q 0 0 0 rg BT 354.31 675.40 Td (the ) Tj ET Q q 0 0 0 rg BT 370.95 675.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 417.94 675.40 Td (has ) Tj ET Q q 0 0 0 rg BT 436.91 675.40 Td (the ) Tj ET Q q 0 0 0 rg BT 453.56 675.40 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 495.28 675.40 Td (to ) Tj ET Q q 0 0 0 rg BT 506.09 675.40 Td (invest ) Tj ET Q q 0 0 0 rg BT 535.56 675.40 Td (additional ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 662.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 82.77 662.80 Td (up ) Tj ET Q q 0 0 0 rg BT 97.37 662.80 Td (to ) Tj ET Q q 0 0 0 rg BT 109.04 662.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 177.33 662.80 Td ($700 ) Tj ET Q q 0 0 0 rg BT 203.60 662.80 Td (million ) Tj ET Q q 0 0 0 rg BT 236.28 662.80 Td (in ) Tj ET Q q 0 0 0 rg BT 247.37 662.80 Td (2019, ) Tj ET Q q 0 0 0 rg BT 276.56 662.80 Td (which ) Tj ET Q q 0 0 0 rg BT 306.33 662.80 Td (will ) Tj ET Q q 0 0 0 rg BT 323.83 662.80 Td (add ) Tj ET Q q 0 0 0 rg BT 344.26 662.80 Td (production ) Tj ET Q q 0 0 0 rg BT 396.22 662.80 Td (in ) Tj ET Q q 0 0 0 rg BT 407.31 662.80 Td (2020 ) Tj ET Q q 0 0 0 rg BT 433.58 662.80 Td (and ) Tj ET Q q 0 0 0 rg BT 454.02 662.80 Td (beyond.) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 3.82 0 0 10.55 31.50 642.93 cm /I4 Do Q q 0 0 0 rg BT 35.32 645.20 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 645.20 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 88.37 645.20 Td (production ) Tj ET Q q 0 0 0 rg BT 140.10 645.20 Td (in ) Tj ET Q q 0 0 0 rg BT 150.96 645.20 Td (2019 ) Tj ET Q q 0 0 0 rg BT 177.01 645.20 Td (is ) Tj ET Q q 0 0 0 rg BT 187.28 645.20 Td (targeted ) Tj ET Q q 0 0 0 rg BT 228.50 645.20 Td (to ) Tj ET Q q 0 0 0 rg BT 239.95 645.20 Td (be ) Tj ET Q q 0 0 0 rg BT 254.32 645.20 Td (between ) Tj ET Q q 0 0 0 rg BT 296.71 645.20 Td (1,030,000 ) Tj ET Q q 0 0 0 rg BT 346.12 645.20 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 379.74 645.20 Td (and ) Tj ET Q q 0 0 0 rg BT 399.95 645.20 Td (1,1) Tj ET Q q 0 0 0 rg BT 413.77 645.20 Td (19,000 ) Tj ET Q q 0 0 0 rg BT 448.58 645.20 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 485.12 645.20 Td (with ) Tj ET Q q 0 0 0 rg BT 506.48 645.20 Td (a ) Tj ET Q q 0 0 0 rg BT 515.01 645.20 Td (product ) Tj ET Q q 0 0 0 rg BT 552.73 645.20 Td (mix ) Tj ET Q q 0 0 0 rg BT 571.75 645.20 Td (of ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 632.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 117.78 632.60 Td (76% ) Tj ET Q q 0 0 0 rg BT 141.72 632.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 170.90 632.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 184.32 632.60 Td (and ) Tj ET Q q 0 0 0 rg BT 204.76 632.60 Td (NGLs ) Tj ET Q q 0 0 0 rg BT 234.52 632.60 Td (and ) Tj ET Q q 0 0 0 rg BT 254.96 632.60 Td (24% ) Tj ET Q q 0 0 0 rg BT 278.89 632.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 313.91 632.60 Td (gas. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 615.00 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 615.00 Td (Light ) Tj ET Q q 0 0 0 rg BT 93.26 615.00 Td (crude ) Tj ET Q q 0 0 0 rg BT 122.52 615.00 Td (oil, ) Tj ET Q q 0 0 0 rg BT 138.93 615.00 Td (NGLs ) Tj ET Q q 0 0 0 rg BT 168.77 615.00 Td (and ) Tj ET Q q 0 0 0 rg BT 189.28 615.00 Td (Synthetic ) Tj ET Q q 0 0 0 rg BT 235.46 615.00 Td (Crude ) Tj ET Q q 0 0 0 rg BT 267.05 615.00 Td (Oil ) Tj ET Q q 0 0 0 rg BT 282.88 615.00 Td (\("SCO"\) ) Tj ET Q q 0 0 0 rg BT 323.07 615.00 Td (production ) Tj ET Q q 0 0 0 rg BT 375.10 615.00 Td (in ) Tj ET Q q 0 0 0 rg BT 386.26 615.00 Td (2019 ) Tj ET Q q 0 0 0 rg BT 412.61 615.00 Td (is ) Tj ET Q q 0 0 0 rg BT 423.19 615.00 Td (targeted ) Tj ET Q q 0 0 0 rg BT 464.71 615.00 Td (to ) Tj ET Q q 0 0 0 rg BT 476.46 615.00 Td (be ) Tj ET Q q 0 0 0 rg BT 491.13 615.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 559.49 615.00 Td (53% ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 602.40 Td (of ) Tj ET Q q 0 0 0 rg BT 79.17 602.40 Td (total ) Tj ET Q q 0 0 0 rg BT 101.94 602.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 149.22 602.40 Td (BOE ) Tj ET Q q 0 0 0 rg BT 174.31 602.40 Td (production.) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 3.82 0 0 10.55 31.50 582.53 cm /I5 Do Q q 0 0 0 rg BT 35.32 584.80 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 584.80 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 88.61 584.80 Td (2019 ) Tj ET Q q 0 0 0 rg BT 114.89 584.80 Td (crude ) Tj ET Q q 0 0 0 rg BT 144.09 584.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 157.52 584.80 Td (and ) Tj ET Q q 0 0 0 rg BT 177.97 584.80 Td (NGL) Tj ET Q q 0 0 0 rg BT 199.17 584.80 Td ( ) Tj ET Q q 0 0 0 rg BT 202.10 584.80 Td (production ) Tj ET Q q 0 0 0 rg BT 254.07 584.80 Td (is ) Tj ET Q q 0 0 0 rg BT 264.58 584.80 Td (targeted ) Tj ET Q q 0 0 0 rg BT 306.04 584.80 Td (to ) Tj ET Q q 0 0 0 rg BT 317.72 584.80 Td (be ) Tj ET Q q 0 0 0 rg BT 332.33 584.80 Td (in ) Tj ET Q q 0 0 0 rg BT 343.43 584.80 Td (line ) Tj ET Q q 0 0 0 rg BT 362.71 584.80 Td (with ) Tj ET Q q 0 0 0 rg BT 384.31 584.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 410.60 584.80 Td (levels, ) Tj ET Q q 0 0 0 rg BT 443.29 584.80 Td (ranging ) Tj ET Q q 0 0 0 rg BT 481.25 584.80 Td (from ) Tj ET Q q 0 0 0 rg BT 505.18 584.80 Td (782,000 ) Tj ET Q q 0 0 0 rg BT 546.06 584.80 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 571.76 584.80 Td (to ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 572.20 Td (861,000 ) Tj ET Q q 0 0 0 rg BT 90.37 572.20 Td (bbl/d.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 554.60 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 554.60 Td (Liquids ) Tj ET Q q 0 0 0 rg BT 103.58 554.60 Td (production ) Tj ET Q q 0 0 0 rg BT 155.42 554.60 Td (mix ) Tj ET Q q 0 0 0 rg BT 174.56 554.60 Td (is ) Tj ET Q q 0 0 0 rg BT 184.95 554.60 Td (targeted ) Tj ET Q q 0 0 0 rg BT 226.29 554.60 Td (to ) Tj ET Q q 0 0 0 rg BT 237.85 554.60 Td (be ) Tj ET Q q 0 0 0 rg BT 252.33 554.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 320.51 554.60 Td (74% ) Tj ET Q q 0 0 0 rg BT 344.33 554.60 Td (from ) Tj ET Q q 0 0 0 rg BT 368.14 554.60 Td (long ) Tj ET Q q 0 0 0 rg BT 390.79 554.60 Td (life ) Tj ET Q q 0 0 0 rg BT 407.02 554.60 Td (low ) Tj ET Q q 0 0 0 rg BT 425.59 554.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 461.67 554.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 494.82 554.60 Td (and ) Tj ET Q q 0 0 0 rg BT 515.15 554.60 Td (approximately ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 542.00 Td (26% ) Tj ET Q q 0 0 0 rg BT 91.43 542.00 Td (from ) Tj ET Q q 0 0 0 rg BT 115.35 542.00 Td (low ) Tj ET Q q 0 0 0 rg BT 134.02 542.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 167.30 542.00 Td (exposure ) Tj ET Q q 0 0 0 rg BT 213.41 542.00 Td (assets.) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 3.82 0 0 10.55 31.50 522.13 cm /I6 Do Q q 0 0 0 rg BT 35.32 524.40 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 524.40 Td (The ) Tj ET Q q 0 0 0 rg BT 70.38 524.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 103.52 524.40 Td (program ) Tj ET Q q 0 0 0 rg BT 145.41 524.40 Td (in ) Tj ET Q q 0 0 0 rg BT 156.37 524.40 Td (the ) Tj ET Q q 0 0 0 rg BT 173.76 524.40 Td (2019 ) Tj ET Q q 0 0 0 rg BT 199.90 524.40 Td (base ) Tj ET Q q 0 0 0 rg BT 225.46 524.40 Td (budget ) Tj ET Q q 0 0 0 rg BT 260.37 524.40 Td (is ) Tj ET Q q 0 0 0 rg BT 270.74 524.40 Td (targeted ) Tj ET Q q 0 0 0 rg BT 312.06 524.40 Td (to ) Tj ET Q q 0 0 0 rg BT 323.61 524.40 Td (be ) Tj ET Q q 0 0 0 rg BT 338.08 524.40 Td (modest ) Tj ET Q q 0 0 0 rg BT 375.30 524.40 Td (and ) Tj ET Q q 0 0 0 rg BT 395.61 524.40 Td (demonstrates ) Tj ET Q q 0 0 0 rg BT 462.01 524.40 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 509.76 524.40 Td (Natural's ) Tj ET Q q 0 0 0 rg BT 553.65 524.40 Td (ability ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 511.80 Td (to ) Tj ET Q q 0 0 0 rg BT 60.84 511.80 Td (be ) Tj ET Q q 0 0 0 rg BT 75.10 511.80 Td (flexible ) Tj ET Q q 0 0 0 rg BT 110.37 511.80 Td (and ) Tj ET Q q 0 0 0 rg BT 130.47 511.80 Td (disciplined, ) Tj ET Q q 0 0 0 rg BT 185.00 511.80 Td (as ) Tj ET Q q 0 0 0 rg BT 198.67 511.80 Td (the ) Tj ET Q q 0 0 0 rg BT 215.85 511.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 263.37 511.80 Td (strategically ) Tj ET Q q 0 0 0 rg BT 321.39 511.80 Td (manages ) Tj ET Q q 0 0 0 rg BT 367.16 511.80 Td (through ) Tj ET Q q 0 0 0 rg BT 405.36 511.80 Td (the ) Tj ET Q q 0 0 0 rg BT 422.54 511.80 Td (commodity ) Tj ET Q q 0 0 0 rg BT 475.88 511.80 Td (price ) Tj ET Q q 0 0 0 rg BT 501.22 511.80 Td (cycle ) Tj ET Q q 0 0 0 rg BT 527.72 511.80 Td (and ) Tj ET Q q 0 0 0 rg BT 547.83 511.80 Td (current ) Tj ET Q q 0 0 0 rg BT 583.42 511.80 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 499.20 Td (temporary ) Tj ET Q q 0 0 0 rg BT 99.68 499.20 Td (market ) Tj ET Q q 0 0 0 rg BT 134.69 499.20 Td (access ) Tj ET Q q 0 0 0 rg BT 170.29 499.20 Td (challenges.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 481.60 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 481.60 Td (The ) Tj ET Q q 0 0 0 rg BT 88.88 481.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 115.52 481.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 149.15 481.60 Td (program ) Tj ET Q q 0 0 0 rg BT 191.54 481.60 Td (in ) Tj ET Q q 0 0 0 rg BT 202.99 481.60 Td (the ) Tj ET Q q 0 0 0 rg BT 220.87 481.60 Td (base ) Tj ET Q q 0 0 0 rg BT 246.93 481.60 Td (budget ) Tj ET Q q 0 0 0 rg BT 282.33 481.60 Td (is ) Tj ET Q q 0 0 0 rg BT 293.19 481.60 Td (targeting ) Tj ET Q q 0 0 0 rg BT 337.34 481.60 Td (97 ) Tj ET Q q 0 0 0 rg BT 352.30 481.60 Td (net ) Tj ET Q q 0 0 0 rg BT 370.18 481.60 Td (producer ) Tj ET Q q 0 0 0 rg BT 414.91 481.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 444.45 481.60 Td (a ) Tj ET Q q 0 0 0 rg BT 453.57 481.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 500.05 481.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.09 481.60 Td (419 ) Tj ET Q q 0 0 0 rg BT 532.90 481.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 559.52 481.60 Td (from ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 469.00 Td (2018 ) Tj ET Q q 0 0 0 rg BT 93.78 469.00 Td (targeted ) Tj ET Q q 0 0 0 rg BT 135.23 469.00 Td (levels. ) Tj ET Q q 0 0 0 rg BT 167.91 469.00 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 31.50 446.40 Td (North ) Tj ET Q q 0 0 0 rg BT 62.02 446.40 Td (America ) Tj ET Q q 0 0 0 rg BT 106.38 446.40 Td ( ) Tj ET Q q 0 0 0 rg BT 115.14 446.40 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 175.81 446.40 Td (& ) Tj ET Q q 0 0 0 rg BT 186.31 446.40 Td (Production) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 3.82 0 0 10.55 31.50 426.53 cm /I7 Do Q q 0 0 0 rg BT 35.32 428.80 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 428.80 Td (North ) Tj ET Q q 0 0 0 rg BT 77.04 428.80 Td (America ) Tj ET Q q 0 0 0 rg BT 117.86 428.80 Td (crude ) Tj ET Q q 0 0 0 rg BT 146.45 428.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 159.27 428.80 Td (and ) Tj ET Q q 0 0 0 rg BT 179.11 428.80 Td (NGL) Tj ET Q q 0 0 0 rg BT 200.31 428.80 Td ( ) Tj ET Q q 0 0 0 rg BT 202.63 428.80 Td (production ) Tj ET Q q 0 0 0 rg BT 253.99 428.80 Td (provides ) Tj ET Q q 0 0 0 rg BT 296.00 428.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 345.01 428.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 377.68 428.80 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 419.68 428.80 Td (as ) Tj ET Q q 0 0 0 rg BT 433.09 428.80 Td (the ) Tj ET Q q 0 0 0 rg BT 450.01 428.80 Td (Company) Tj ET Q q 0 0 0 rg BT 497.09 428.80 Td (s ) Tj ET Q q 0 0 0 rg BT 504.66 428.80 Td (large ) Tj ET Q q 0 0 0 rg BT 530.33 428.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 557.74 428.80 Td (base ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 416.20 Td (encompasses ) Tj ET Q q 0 0 0 rg BT 116.67 416.20 Td (light ) Tj ET Q q 0 0 0 rg BT 138.31 416.20 Td (crude ) Tj ET Q q 0 0 0 rg BT 166.96 416.20 Td (oil, ) Tj ET Q q 0 0 0 rg BT 182.77 416.20 Td (primary ) Tj ET Q q 0 0 0 rg BT 220.15 416.20 Td (heavy ) Tj ET Q q 0 0 0 rg BT 250.55 416.20 Td (crude ) Tj ET Q q 0 0 0 rg BT 279.20 416.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 292.09 416.20 Td (and ) Tj ET Q q 0 0 0 rg BT 311.99 416.20 Td (Pelican ) Tj ET Q q 0 0 0 rg BT 348.81 416.20 Td (Lake ) Tj ET Q q 0 0 0 rg BT 373.96 416.20 Td (heavy ) Tj ET Q q 0 0 0 rg BT 404.36 416.20 Td (crude ) Tj ET Q q 0 0 0 rg BT 433.01 416.20 Td (oil. ) Tj ET Q q 0 0 0 rg BT 448.66 416.20 Td (The ) Tj ET Q q 0 0 0 rg BT 469.14 416.20 Td (Company) Tj ET Q q 0 0 0 rg BT 516.22 416.20 Td (s ) Tj ET Q q 0 0 0 rg BT 523.85 416.20 Td (strong ) Tj ET Q q 0 0 0 rg BT 555.41 416.20 Td (asset ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 403.60 Td (base ) Tj ET Q q 0 0 0 rg BT 75.55 403.60 Td (is ) Tj ET Q q 0 0 0 rg BT 86.42 403.60 Td (complemented ) Tj ET Q q 0 0 0 rg BT 158.58 403.60 Td (by ) Tj ET Q q 0 0 0 rg BT 172.96 403.60 Td (an ) Tj ET Q q 0 0 0 rg BT 187.92 403.60 Td (extensive ) Tj ET Q q 0 0 0 rg BT 235.57 403.60 Td (network ) Tj ET Q q 0 0 0 rg BT 275.62 403.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.66 403.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 321.89 403.60 Td (and ) Tj ET Q q 0 0 0 rg BT 342.69 403.60 Td (operated ) Tj ET Q q 0 0 0 rg BT 387.43 403.60 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 451.99 403.60 Td (and ) Tj ET Q q 0 0 0 rg BT 472.79 403.60 Td (is ) Tj ET Q q 0 0 0 rg BT 483.66 403.60 Td (supported ) Tj ET Q q 0 0 0 rg BT 533.65 403.60 Td (by ) Tj ET Q q 0 0 0 rg BT 548.03 403.60 Td (a ) Tj ET Q q 0 0 0 rg BT 557.15 403.60 Td (deep ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 391.00 Td (inventory ) Tj ET Q q 0 0 0 rg BT 95.71 391.00 Td (of ) Tj ET Q q 0 0 0 rg BT 108.06 391.00 Td (low ) Tj ET Q q 0 0 0 rg BT 127.42 391.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 161.37 391.00 Td (exposure, ) Tj ET Q q 0 0 0 rg BT 211.08 391.00 Td (high ) Tj ET Q q 0 0 0 rg BT 234.54 391.00 Td (return ) Tj ET Q q 0 0 0 rg BT 265.57 391.00 Td (on ) Tj ET Q q 0 0 0 rg BT 280.85 391.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 314.80 391.00 Td (projects ) Tj ET Q q 0 0 0 rg BT 355.16 391.00 Td (that ) Tj ET Q q 0 0 0 rg BT 376.28 391.00 Td (can ) Tj ET Q q 0 0 0 rg BT 396.81 391.00 Td (deliver ) Tj ET Q q 0 0 0 rg BT 431.34 391.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 481.63 391.00 Td (production ) Tj ET Q q 0 0 0 rg BT 534.27 391.00 Td (and ) Tj ET Q q 0 0 0 rg BT 555.39 391.00 Td (value ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 378.40 Td (growth ) Tj ET Q q 0 0 0 rg BT 83.93 378.40 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 149.90 378.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 193.09 378.40 Td (adequate ) Tj ET Q q 0 0 0 rg BT 239.81 378.40 Td (market ) Tj ET Q q 0 0 0 rg BT 274.81 378.40 Td (access ) Tj ET Q q 0 0 0 rg BT 310.41 378.40 Td (is ) Tj ET Q q 0 0 0 rg BT 320.91 378.40 Td (available. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 360.80 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 360.80 Td (The ) Tj ET Q q 0 0 0 rg BT 87.96 360.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.27 360.80 Td (is ) Tj ET Q q 0 0 0 rg BT 145.22 360.80 Td (targeting ) Tj ET Q q 0 0 0 rg BT 188.46 360.80 Td (a ) Tj ET Q q 0 0 0 rg BT 196.67 360.80 Td (base ) Tj ET Q q 0 0 0 rg BT 221.80 360.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 254.53 360.80 Td (program ) Tj ET Q q 0 0 0 rg BT 295.99 360.80 Td (of ) Tj ET Q q 0 0 0 rg BT 307.12 360.80 Td ($1,140 ) Tj ET Q q 0 0 0 rg BT 341.61 360.80 Td (million ) Tj ET Q q 0 0 0 rg BT 373.73 360.80 Td (for ) Tj ET Q q 0 0 0 rg BT 388.36 360.80 Td (North ) Tj ET Q q 0 0 0 rg BT 415.93 360.80 Td (American ) Tj ET Q q 0 0 0 rg BT 462.65 360.80 Td (E&P) Tj ET Q q 0 0 0 rg BT 483.47 360.80 Td ( ) Tj ET Q q 0 0 0 rg BT 485.84 360.80 Td (in ) Tj ET Q q 0 0 0 rg BT 496.38 360.80 Td (2019, ) Tj ET Q q 0 0 0 rg BT 525.03 360.80 Td ($415 ) Tj ET Q q 0 0 0 rg BT 550.76 360.80 Td (million ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 348.20 Td (lower ) Tj ET Q q 0 0 0 rg BT 95.51 348.20 Td (than ) Tj ET Q q 0 0 0 rg BT 118.86 348.20 Td (2018 ) Tj ET Q q 0 0 0 rg BT 145.14 348.20 Td (targeted ) Tj ET Q q 0 0 0 rg BT 186.59 348.20 Td (levels. ) Tj ET Q q 0 0 0 rg BT 219.27 348.20 Td (Plans ) Tj ET Q q 0 0 0 rg BT 248.45 348.20 Td (for ) Tj ET Q q 0 0 0 rg BT 263.63 348.20 Td (2019 ) Tj ET Q q 0 0 0 rg BT 289.90 348.20 Td (are ) Tj ET Q q 0 0 0 rg BT 308.00 348.20 Td (summarized ) Tj ET Q q 0 0 0 rg BT 368.10 348.20 Td (as ) Tj ET Q q 0 0 0 rg BT 382.10 348.20 Td (follows:) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 4.77 0 0 10.55 67.50 328.33 cm /I8 Do Q q 0 0 0 rg BT 72.27 330.60 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 330.60 Td (North ) Tj ET Q q 0 0 0 rg BT 114.45 330.60 Td (American ) Tj ET Q q 0 0 0 rg BT 162.89 330.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 193.25 330.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 207.84 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 229.45 330.60 Td (NGL) Tj ET Q q 0 0 0 rg BT 250.65 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 254.74 330.60 Td (production ) Tj ET Q q 0 0 0 rg BT 307.86 330.60 Td (is ) Tj ET Q q 0 0 0 rg BT 319.53 330.60 Td (targeted ) Tj ET Q q 0 0 0 rg BT 362.15 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 375.00 330.60 Td (range ) Tj ET Q q 0 0 0 rg BT 405.94 330.60 Td (from ) Tj ET Q q 0 0 0 rg BT 431.03 330.60 Td (221,000 ) Tj ET Q q 0 0 0 rg BT 473.08 330.60 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 499.93 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 512.78 330.60 Td (241,000 ) Tj ET Q q 0 0 0 rg BT 554.82 330.60 Td (bbl/d, ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 318.00 Td (representing ) Tj ET Q q 0 0 0 rg BT 146.79 318.00 Td (a ) Tj ET Q q 0 0 0 rg BT 155.55 318.00 Td (4% ) Tj ET Q q 0 0 0 rg BT 173.64 318.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 219.75 318.00 Td (from ) Tj ET Q q 0 0 0 rg BT 243.67 318.00 Td (targeted ) Tj ET Q q 0 0 0 rg BT 285.12 318.00 Td (2018 ) Tj ET Q q 0 0 0 rg BT 311.40 318.00 Td (production ) Tj ET Q q 0 0 0 rg BT 363.35 318.00 Td (levels. ) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 4.77 0 0 10.55 67.50 298.13 cm /I9 Do Q q 0 0 0 rg BT 72.27 300.40 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 300.40 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 133.96 300.40 Td (Natural ) Tj ET Q q 0 0 0 rg BT 171.31 300.40 Td (targets ) Tj ET Q q 0 0 0 rg BT 206.91 300.40 Td (to ) Tj ET Q q 0 0 0 rg BT 219.17 300.40 Td (drill ) Tj ET Q q 0 0 0 rg BT 239.01 300.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 307.88 300.40 Td (29 ) Tj ET Q q 0 0 0 rg BT 323.06 300.40 Td (net ) Tj ET Q q 0 0 0 rg BT 341.16 300.40 Td (producer ) Tj ET Q q 0 0 0 rg BT 386.11 300.40 Td (wells ) Tj ET Q q 0 0 0 rg BT 412.95 300.40 Td (in ) Tj ET Q q 0 0 0 rg BT 424.63 300.40 Td (its ) Tj ET Q q 0 0 0 rg BT 438.63 300.40 Td (base ) Tj ET Q q 0 0 0 rg BT 464.90 300.40 Td (budget, ) Tj ET Q q 0 0 0 rg BT 503.44 300.40 Td (a ) Tj ET Q q 0 0 0 rg BT 512.78 300.40 Td (70% ) Tj ET Q q 0 0 0 rg BT 537.30 300.40 Td (decrease ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 287.80 Td (from ) Tj ET Q q 0 0 0 rg BT 109.26 287.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 135.38 287.80 Td (forecast ) Tj ET Q q 0 0 0 rg BT 175.49 287.80 Td (levels, ) Tj ET Q q 0 0 0 rg BT 208.01 287.80 Td (in ) Tj ET Q q 0 0 0 rg BT 218.94 287.80 Td (its ) Tj ET Q q 0 0 0 rg BT 232.20 287.80 Td (North ) Tj ET Q q 0 0 0 rg BT 260.09 287.80 Td (America ) Tj ET Q q 0 0 0 rg BT 301.36 287.80 Td (light ) Tj ET Q q 0 0 0 rg BT 323.38 287.80 Td (crude ) Tj ET Q q 0 0 0 rg BT 352.41 287.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 365.67 287.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 420.39 287.80 Td (a ) Tj ET Q q 0 0 0 rg BT 428.98 287.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 478.44 287.80 Td (part ) Tj ET Q q 0 0 0 rg BT 499.29 287.80 Td (of ) Tj ET Q q 0 0 0 rg BT 510.81 287.80 Td (the ) Tj ET Q q 0 0 0 rg BT 528.16 287.80 Td (Company) Tj ET Q q 0 0 0 rg BT 575.25 287.80 Td (s ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 275.20 Td (balanced ) Tj ET Q q 0 0 0 rg BT 129.74 275.20 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 171.52 275.20 Td (The ) Tj ET Q q 0 0 0 rg BT 191.23 275.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 237.79 275.20 Td (is ) Tj ET Q q 0 0 0 rg BT 246.98 275.20 Td (targeting ) Tj ET Q q 0 0 0 rg BT 289.46 275.20 Td (high ) Tj ET Q q 0 0 0 rg BT 310.93 275.20 Td (value, ) Tj ET Q q 0 0 0 rg BT 340.57 275.20 Td (drill ) Tj ET Q q 0 0 0 rg BT 358.52 275.20 Td (to ) Tj ET Q q 0 0 0 rg BT 368.89 275.20 Td (fill ) Tj ET Q q 0 0 0 rg BT 380.42 275.20 Td (light ) Tj ET Q q 0 0 0 rg BT 401.30 275.20 Td (crude ) Tj ET Q q 0 0 0 rg BT 429.18 275.20 Td (oil ) Tj ET Q q 0 0 0 rg BT 441.30 275.20 Td (wells, ) Tj ET Q q 0 0 0 rg BT 469.17 275.20 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 519.24 275.20 Td (infrastructure ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 262.60 Td (and ) Tj ET Q q 0 0 0 rg BT 105.94 262.60 Td (setting ) Tj ET Q q 0 0 0 rg BT 139.79 262.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.31 262.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 205.16 262.60 Td (up ) Tj ET Q q 0 0 0 rg BT 219.76 262.60 Td (for ) Tj ET Q q 0 0 0 rg BT 234.93 262.60 Td (future ) Tj ET Q q 0 0 0 rg BT 264.70 262.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 299.13 262.60 Td (potential. ) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 4.77 0 0 10.55 67.50 242.73 cm /I10 Do Q q 0 0 0 rg BT 72.27 245.00 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 245.00 Td (The ) Tj ET Q q 0 0 0 rg BT 105.83 245.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 153.00 245.00 Td (continues ) Tj ET Q q 0 0 0 rg BT 200.18 245.00 Td (to ) Tj ET Q q 0 0 0 rg BT 211.18 245.00 Td (target ) Tj ET Q q 0 0 0 rg BT 240.26 245.00 Td (strong ) Tj ET Q q 0 0 0 rg BT 271.68 245.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 304.26 245.00 Td (ef) Tj ET Q q 0 0 0 rg BT 312.83 245.00 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 358.25 245.00 Td (and ) Tj ET Q q 0 0 0 rg BT 378.01 245.00 Td (high ) Tj ET Q q 0 0 0 rg BT 400.09 245.00 Td (returns ) Tj ET Q q 0 0 0 rg BT 435.01 245.00 Td (with ) Tj ET Q q 0 0 0 rg BT 455.91 245.00 Td (a ) Tj ET Q q 0 0 0 rg BT 463.99 245.00 Td (disciplined ) Tj ET Q q 0 0 0 rg BT 515.25 245.00 Td (primary ) Tj ET Q q 0 0 0 rg BT 552.49 245.00 Td (heavy ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 232.40 Td (crude ) Tj ET Q q 0 0 0 rg BT 114.48 232.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 127.70 232.40 Td (base ) Tj ET Q q 0 0 0 rg BT 153.18 232.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 186.25 232.40 Td (program ) Tj ET Q q 0 0 0 rg BT 228.06 232.40 Td (of ) Tj ET Q q 0 0 0 rg BT 239.53 232.40 Td (58 ) Tj ET Q q 0 0 0 rg BT 253.92 232.40 Td (net ) Tj ET Q q 0 0 0 rg BT 271.23 232.40 Td (producer ) Tj ET Q q 0 0 0 rg BT 315.39 232.40 Td (wells, ) Tj ET Q q 0 0 0 rg BT 344.36 232.40 Td (a ) Tj ET Q q 0 0 0 rg BT 352.91 232.40 Td (77% ) Tj ET Q q 0 0 0 rg BT 376.64 232.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 422.55 232.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 471.96 232.40 Td (to ) Tj ET Q q 0 0 0 rg BT 483.43 232.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 509.50 232.40 Td (targeted ) Tj ET Q q 0 0 0 rg BT 550.75 232.40 Td (levels. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 219.80 Td (The ) Tj ET Q q 0 0 0 rg BT 106.26 219.80 Td (2019 ) Tj ET Q q 0 0 0 rg BT 132.29 219.80 Td (primary ) Tj ET Q q 0 0 0 rg BT 169.96 219.80 Td (heavy ) Tj ET Q q 0 0 0 rg BT 200.64 219.80 Td (crude ) Tj ET Q q 0 0 0 rg BT 229.58 219.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 242.75 219.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 275.76 219.80 Td (program ) Tj ET Q q 0 0 0 rg BT 317.53 219.80 Td (is ) Tj ET Q q 0 0 0 rg BT 327.78 219.80 Td (strategically ) Tj ET Q q 0 0 0 rg BT 385.89 219.80 Td (targeting ) Tj ET Q q 0 0 0 rg BT 429.42 219.80 Td (wells ) Tj ET Q q 0 0 0 rg BT 455.42 219.80 Td (in ) Tj ET Q q 0 0 0 rg BT 466.26 219.80 Td (areas ) Tj ET Q q 0 0 0 rg BT 495.20 219.80 Td (that ) Tj ET Q q 0 0 0 rg BT 515.38 219.80 Td (have ) Tj ET Q q 0 0 0 rg BT 540.81 219.80 Td (potential ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 207.20 Td (to ) Tj ET Q q 0 0 0 rg BT 97.17 207.20 Td (add ) Tj ET Q q 0 0 0 rg BT 117.61 207.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 167.22 207.20 Td (growth ) Tj ET Q q 0 0 0 rg BT 201.66 207.20 Td (in ) Tj ET Q q 0 0 0 rg BT 212.75 207.20 Td (2020 ) Tj ET Q q 0 0 0 rg BT 239.02 207.20 Td (and ) Tj ET Q q 0 0 0 rg BT 259.46 207.20 Td (beyond ) Tj ET Q q 0 0 0 rg BT 296.83 207.20 Td (when ) Tj ET Q q 0 0 0 rg BT 324.85 207.20 Td (commodity ) Tj ET Q q 0 0 0 rg BT 378.53 207.20 Td (prices ) Tj ET Q q 0 0 0 rg BT 409.46 207.20 Td (and ) Tj ET Q q 0 0 0 rg BT 429.89 207.20 Td (market ) Tj ET Q q 0 0 0 rg BT 464.90 207.20 Td (access ) Tj ET Q q 0 0 0 rg BT 500.50 207.20 Td (improve.) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 4.77 0 0 10.55 67.50 187.33 cm /I11 Do Q q 0 0 0 rg BT 72.27 189.60 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 189.60 Td (At ) Tj ET Q q 0 0 0 rg BT 98.07 189.60 Td (Pelican ) Tj ET Q q 0 0 0 rg BT 135.16 189.60 Td (Lake, ) Tj ET Q q 0 0 0 rg BT 163.50 189.60 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 211.11 189.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 247.61 189.60 Td (will ) Tj ET Q q 0 0 0 rg BT 264.84 189.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 307.19 189.60 Td (to ) Tj ET Q q 0 0 0 rg BT 318.60 189.60 Td (optimize ) Tj ET Q q 0 0 0 rg BT 360.35 189.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 414.95 189.60 Td (including ) Tj ET Q q 0 0 0 rg BT 459.05 189.60 Td (polymer ) Tj ET Q q 0 0 0 rg BT 499.05 189.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 524.47 189.60 Td (optimization ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 177.00 Td (and ) Tj ET Q q 0 0 0 rg BT 105.94 177.00 Td (targeted ) Tj ET Q q 0 0 0 rg BT 147.39 177.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 179.48 177.00 Td (consolidation.) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 4.77 0 0 10.55 67.50 157.13 cm /I12 Do Q q 0 0 0 rg BT 72.27 159.40 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 159.40 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 134.63 159.40 Td (natural ) Tj ET Q q 0 0 0 rg BT 169.18 159.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 188.55 159.40 Td (production ) Tj ET Q q 0 0 0 rg BT 240.03 159.40 Td (is ) Tj ET Q q 0 0 0 rg BT 250.05 159.40 Td (targeted ) Tj ET Q q 0 0 0 rg BT 291.02 159.40 Td (to ) Tj ET Q q 0 0 0 rg BT 302.22 159.40 Td (range ) Tj ET Q q 0 0 0 rg BT 331.52 159.40 Td (from ) Tj ET Q q 0 0 0 rg BT 354.96 159.40 Td (1,485 ) Tj ET Q q 0 0 0 rg BT 383.67 159.40 Td (MMcf/d ) Tj ET Q q 0 0 0 rg BT 420.53 159.40 Td (to ) Tj ET Q q 0 0 0 rg BT 431.73 159.40 Td (1,545 ) Tj ET Q q 0 0 0 rg BT 460.45 159.40 Td (MMcf/d, ) Tj ET Q q 0 0 0 rg BT 500.22 159.40 Td (a ) Tj ET Q q 0 0 0 rg BT 508.50 159.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 554.14 159.40 Td (of ) Tj ET Q q 0 0 0 rg BT 565.34 159.40 Td (2% ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 146.80 Td (from ) Tj ET Q q 0 0 0 rg BT 109.42 146.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 135.69 146.80 Td (levels.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 129.20 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 103.50 129.20 Td (The ) Tj ET Q q 0 0 0 rg BT 124.85 129.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 173.04 129.20 Td (targets ) Tj ET Q q 0 0 0 rg BT 208.40 129.20 Td (a ) Tj ET Q q 0 0 0 rg BT 217.49 129.20 Td (small ) Tj ET Q q 0 0 0 rg BT 245.25 129.20 Td (natural ) Tj ET Q q 0 0 0 rg BT 280.61 129.20 Td (gas ) Tj ET Q q 0 0 0 rg BT 300.80 129.20 Td (base ) Tj ET Q q 0 0 0 rg BT 326.82 129.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 360.42 129.20 Td (program ) Tj ET Q q 0 0 0 rg BT 402.78 129.20 Td (of ) Tj ET Q q 0 0 0 rg BT 414.79 129.20 Td (5 ) Tj ET Q q 0 0 0 rg BT 423.88 129.20 Td (net ) Tj ET Q q 0 0 0 rg BT 441.74 129.20 Td (producer ) Tj ET Q q 0 0 0 rg BT 486.43 129.20 Td (wells ) Tj ET Q q 0 0 0 rg BT 513.03 129.20 Td (representing ) Tj ET Q q 0 0 0 rg BT 574.66 129.20 Td (a ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 103.50 116.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 149.59 116.60 Td (of ) Tj ET Q q 0 0 0 rg BT 161.25 116.60 Td (10 ) Tj ET Q q 0 0 0 rg BT 175.83 116.60 Td (net ) Tj ET Q q 0 0 0 rg BT 193.33 116.60 Td (producer ) Tj ET Q q 0 0 0 rg BT 237.67 116.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 263.90 116.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 313.50 116.60 Td (to ) Tj ET Q q 0 0 0 rg BT 325.15 116.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 351.41 116.60 Td (targeted ) Tj ET Q q 0 0 0 rg BT 392.84 116.60 Td (levels. ) Tj ET Q q 0 0 0 rg BT 425.31 116.60 Td (The ) Tj ET Q q 0 0 0 rg BT 446.31 116.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 494.14 116.60 Td (targets ) Tj ET Q q 0 0 0 rg BT 529.14 116.60 Td (to ) Tj ET Q q 0 0 0 rg BT 540.80 116.60 Td (continue ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 103.50 104.00 Td (its ) Tj ET Q q 0 0 0 rg BT 116.77 104.00 Td (focused ) Tj ET Q q 0 0 0 rg BT 156.31 104.00 Td (drill ) Tj ET Q q 0 0 0 rg BT 175.42 104.00 Td (to ) Tj ET Q q 0 0 0 rg BT 186.94 104.00 Td (fill ) Tj ET Q q 0 0 0 rg BT 199.63 104.00 Td (strategy ) Tj ET Q q 0 0 0 rg BT 239.75 104.00 Td (in ) Tj ET Q q 0 0 0 rg BT 250.69 104.00 Td (its ) Tj ET Q q 0 0 0 rg BT 263.96 104.00 Td (high ) Tj ET Q q 0 0 0 rg BT 286.58 104.00 Td (value, ) Tj ET Q q 0 0 0 rg BT 317.36 104.00 Td (liquids ) Tj ET Q q 0 0 0 rg BT 349.90 104.00 Td (rich ) Tj ET Q q 0 0 0 rg BT 369.59 104.00 Td (Septimus ) Tj ET Q q 0 0 0 rg BT 416.13 104.00 Td (property) Tj ET Q q 0 0 0 rg BT 453.87 104.00 Td (, ) Tj ET Q q 0 0 0 rg BT 459.55 104.00 Td (where ) Tj ET Q q 0 0 0 rg BT 490.92 104.00 Td (the ) Tj ET Q q 0 0 0 rg BT 508.29 104.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 555.99 104.00 Td (owns ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 103.50 91.40 Td (and ) Tj ET Q q 0 0 0 rg BT 123.94 91.40 Td (operates ) Tj ET Q q 0 0 0 rg BT 167.72 91.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 217.33 91.40 Td (infrastructure.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 23.75 29.40 Td (Canadian Natural Resources Limited) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.20 29.40 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.20 29.40 Td (Press Release) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.50 Tf ET q 0 0 0 rg BT 31.50 748.40 Td (North ) Tj ET Q q 0 0 0 rg BT 62.02 748.40 Td (America ) Tj ET Q q 0 0 0 rg BT 106.38 748.40 Td (- ) Tj ET Q q 0 0 0 rg BT 112.80 748.40 Td (Thermal ) Tj ET Q q 0 0 0 rg BT 156.56 748.40 Td (in ) Tj ET Q q 0 0 0 rg BT 168.81 748.40 Td (Situ ) Tj ET Q q 0 0 0 rg BT 191.56 748.40 Td (Oil ) Tj ET Q q 0 0 0 rg BT 208.48 748.40 Td (Sands) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 3.82 0 0 10.55 31.50 728.53 cm /I13 Do Q q 0 0 0 rg BT 35.32 730.80 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 730.80 Td (Thermal ) Tj ET Q q 0 0 0 rg BT 89.55 730.80 Td (in ) Tj ET Q q 0 0 0 rg BT 99.26 730.80 Td (situ ) Tj ET Q q 0 0 0 rg BT 117.13 730.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 129.18 730.80 Td (sands ) Tj ET Q q 0 0 0 rg BT 158.73 730.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 190.62 730.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 226.59 730.80 Td (a ) Tj ET Q q 0 0 0 rg BT 233.97 730.80 Td (substantial, ) Tj ET Q q 0 0 0 rg BT 288.63 730.80 Td (low ) Tj ET Q q 0 0 0 rg BT 305.92 730.80 Td (risk ) Tj ET Q q 0 0 0 rg BT 323.79 730.80 Td (production ) Tj ET Q q 0 0 0 rg BT 374.36 730.80 Td (profile ) Tj ET Q q 0 0 0 rg BT 404.50 730.80 Td (that ) Tj ET Q q 0 0 0 rg BT 423.55 730.80 Td (can ) Tj ET Q q 0 0 0 rg BT 442.01 730.80 Td (generate ) Tj ET Q q 0 0 0 rg BT 485.00 730.80 Td (long-term, ) Tj ET Q q 0 0 0 rg BT 533.81 730.80 Td (significant ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 718.20 Td (and ) Tj ET Q q 0 0 0 rg BT 69.94 718.20 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 125.98 718.20 Td (free ) Tj ET Q q 0 0 0 rg BT 146.99 718.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 172.09 718.20 Td (flow) Tj ET Q q 0 0 0 rg BT 190.18 718.20 Td (. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 700.60 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 700.60 Td (Thermal ) Tj ET Q q 0 0 0 rg BT 109.08 700.60 Td (in ) Tj ET Q q 0 0 0 rg BT 120.31 700.60 Td (situ ) Tj ET Q q 0 0 0 rg BT 139.72 700.60 Td (production ) Tj ET Q q 0 0 0 rg BT 191.82 700.60 Td (is ) Tj ET Q q 0 0 0 rg BT 202.47 700.60 Td (targeted ) Tj ET Q q 0 0 0 rg BT 244.07 700.60 Td (to ) Tj ET Q q 0 0 0 rg BT 255.89 700.60 Td (range ) Tj ET Q q 0 0 0 rg BT 285.81 700.60 Td (from ) Tj ET Q q 0 0 0 rg BT 309.88 700.60 Td (104,000 ) Tj ET Q q 0 0 0 rg BT 350.90 700.60 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 376.73 700.60 Td (to ) Tj ET Q q 0 0 0 rg BT 388.56 700.60 Td (124,000 ) Tj ET Q q 0 0 0 rg BT 429.58 700.60 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 455.41 700.60 Td (in ) Tj ET Q q 0 0 0 rg BT 466.65 700.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 495.99 700.60 Td (an ) Tj ET Q q 0 0 0 rg BT 510.74 700.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 553.49 700.60 Td (of ) Tj ET Q q 0 0 0 rg BT 565.32 700.60 Td (7% ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 688.00 Td (from ) Tj ET Q q 0 0 0 rg BT 91.42 688.00 Td (2018 ) Tj ET Q q 0 0 0 rg BT 117.69 688.00 Td (targeted ) Tj ET Q q 0 0 0 rg BT 159.14 688.00 Td (levels.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 670.40 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 670.40 Td (T) Tj ET Q q 0 0 0 rg BT 72.75 670.40 Td (otal ) Tj ET Q q 0 0 0 rg BT 91.85 670.40 Td (thermal ) Tj ET Q q 0 0 0 rg BT 129.02 670.40 Td (in ) Tj ET Q q 0 0 0 rg BT 139.36 670.40 Td (situ ) Tj ET Q q 0 0 0 rg BT 157.87 670.40 Td (base ) Tj ET Q q 0 0 0 rg BT 182.80 670.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 215.32 670.40 Td (in ) Tj ET Q q 0 0 0 rg BT 225.66 670.40 Td (2019 ) Tj ET Q q 0 0 0 rg BT 251.19 670.40 Td (is ) Tj ET Q q 0 0 0 rg BT 260.93 670.40 Td (targeted ) Tj ET Q q 0 0 0 rg BT 301.63 670.40 Td (to ) Tj ET Q q 0 0 0 rg BT 312.55 670.40 Td (be ) Tj ET Q q 0 0 0 rg BT 326.40 670.40 Td ($545 ) Tj ET Q q 0 0 0 rg BT 351.92 670.40 Td (million, ) Tj ET Q q 0 0 0 rg BT 386.76 670.40 Td (as ) Tj ET Q q 0 0 0 rg BT 400.02 670.40 Td (the ) Tj ET Q q 0 0 0 rg BT 416.78 670.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 463.89 670.40 Td (targets ) Tj ET Q q 0 0 0 rg BT 498.15 670.40 Td (to ) Tj ET Q q 0 0 0 rg BT 509.08 670.40 Td (bring ) Tj ET Q q 0 0 0 rg BT 534.59 670.40 Td (on ) Tj ET Q q 0 0 0 rg BT 548.44 670.40 Td (stream ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 657.80 Td (high ) Tj ET Q q 0 0 0 rg BT 91.02 657.80 Td (value ) Tj ET Q q 0 0 0 rg BT 119.79 657.80 Td (pad ) Tj ET Q q 0 0 0 rg BT 140.97 657.80 Td (additions ) Tj ET Q q 0 0 0 rg BT 186.67 657.80 Td (drilled ) Tj ET Q q 0 0 0 rg BT 218.35 657.80 Td (at ) Tj ET Q q 0 0 0 rg BT 230.77 657.80 Td (Primrose ) Tj ET Q q 0 0 0 rg BT 276.44 657.80 Td (in ) Tj ET Q q 0 0 0 rg BT 288.28 657.80 Td (2018. ) Tj ET Q q 0 0 0 rg BT 317.50 657.80 Td (Additionally) Tj ET Q q 0 0 0 rg BT 370.42 657.80 Td (, ) Tj ET Q q 0 0 0 rg BT 377.00 657.80 Td (the ) Tj ET Q q 0 0 0 rg BT 395.27 657.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 443.87 657.80 Td (targets ) Tj ET Q q 0 0 0 rg BT 479.64 657.80 Td (to ) Tj ET Q q 0 0 0 rg BT 492.06 657.80 Td (complete ) Tj ET Q q 0 0 0 rg BT 538.33 657.80 Td (the ) Tj ET Q q 0 0 0 rg BT 556.59 657.80 Td (Kirby ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 645.20 Td (North ) Tj ET Q q 0 0 0 rg BT 96.09 645.20 Td (Steam ) Tj ET Q q 0 0 0 rg BT 128.78 645.20 Td (Assisted ) Tj ET Q q 0 0 0 rg BT 171.38 645.20 Td (Gravity ) Tj ET Q q 0 0 0 rg BT 207.55 645.20 Td (Drainage ) Tj ET Q q 0 0 0 rg BT 253.08 645.20 Td (\(SAGD\) ) Tj ET Q q 0 0 0 rg BT 299.74 645.20 Td (project ) Tj ET Q q 0 0 0 rg BT 334.18 645.20 Td (in ) Tj ET Q q 0 0 0 rg BT 345.27 645.20 Td (Q3/19.) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 4.77 0 0 10.55 67.50 625.33 cm /I14 Do Q q 0 0 0 rg BT 72.27 627.60 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 627.60 Td (In ) Tj ET Q q 0 0 0 rg BT 96.56 627.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 125.14 627.60 Td (production ) Tj ET Q q 0 0 0 rg BT 176.48 627.60 Td (from ) Tj ET Q q 0 0 0 rg BT 199.79 627.60 Td (the ) Tj ET Q q 0 0 0 rg BT 216.69 627.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 242.36 627.60 Td (Primrose ) Tj ET Q q 0 0 0 rg BT 286.67 627.60 Td (pad ) Tj ET Q q 0 0 0 rg BT 306.49 627.60 Td (add ) Tj ET Q q 0 0 0 rg BT 326.31 627.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 358.97 627.60 Td (program ) Tj ET Q q 0 0 0 rg BT 400.37 627.60 Td (is ) Tj ET Q q 0 0 0 rg BT 410.26 627.60 Td (targeted ) Tj ET Q q 0 0 0 rg BT 451.09 627.60 Td (to ) Tj ET Q q 0 0 0 rg BT 462.16 627.60 Td (come ) Tj ET Q q 0 0 0 rg BT 490.14 627.60 Td (on ) Tj ET Q q 0 0 0 rg BT 504.12 627.60 Td (stream ) Tj ET Q q 0 0 0 rg BT 538.52 627.60 Td (in ) Tj ET Q q 0 0 0 rg BT 548.99 627.60 Td (Q4/19, ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 615.00 Td (on ) Tj ET Q q 0 0 0 rg BT 100.37 615.00 Td (budget ) Tj ET Q q 0 0 0 rg BT 135.68 615.00 Td (and ) Tj ET Q q 0 0 0 rg BT 156.39 615.00 Td (ahead ) Tj ET Q q 0 0 0 rg BT 188.78 615.00 Td (of ) Tj ET Q q 0 0 0 rg BT 200.73 615.00 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 248.87 615.00 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 287.08 615.00 Td (spare ) Tj ET Q q 0 0 0 rg BT 316.53 615.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 348.90 615.00 Td (capacity ) Tj ET Q q 0 0 0 rg BT 390.61 615.00 Td (and ) Tj ET Q q 0 0 0 rg BT 411.32 615.00 Td (strategically ) Tj ET Q q 0 0 0 rg BT 469.95 615.00 Td (timed ) Tj ET Q q 0 0 0 rg BT 498.82 615.00 Td (to ) Tj ET Q q 0 0 0 rg BT 510.77 615.00 Td (add ) Tj ET Q q 0 0 0 rg BT 531.48 615.00 Td (production ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 602.40 Td (volumes ) Tj ET Q q 0 0 0 rg BT 127.52 602.40 Td (in ) Tj ET Q q 0 0 0 rg BT 138.61 602.40 Td (line ) Tj ET Q q 0 0 0 rg BT 157.87 602.40 Td (with ) Tj ET Q q 0 0 0 rg BT 179.46 602.40 Td (targeted ) Tj ET Q q 0 0 0 rg BT 220.91 602.40 Td (improved ) Tj ET Q q 0 0 0 rg BT 267.01 602.40 Td (market ) Tj ET Q q 0 0 0 rg BT 302.02 602.40 Td (access.) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 4.77 0 0 10.55 67.50 582.53 cm /I15 Do Q q 0 0 0 rg BT 72.27 584.80 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 584.80 Td (In ) Tj ET Q q 0 0 0 rg BT 97.11 584.80 Td (2019, ) Tj ET Q q 0 0 0 rg BT 126.24 584.80 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 174.04 584.80 Td (Natural ) Tj ET Q q 0 0 0 rg BT 210.74 584.80 Td (targets ) Tj ET Q q 0 0 0 rg BT 245.69 584.80 Td (to ) Tj ET Q q 0 0 0 rg BT 257.30 584.80 Td (complete ) Tj ET Q q 0 0 0 rg BT 302.76 584.80 Td (its ) Tj ET Q q 0 0 0 rg BT 316.11 584.80 Td (Kirby ) Tj ET Q q 0 0 0 rg BT 342.88 584.80 Td (North ) Tj ET Q q 0 0 0 rg BT 371.41 584.80 Td (SAGD ) Tj ET Q q 0 0 0 rg BT 404.02 584.80 Td (project, ) Tj ET Q q 0 0 0 rg BT 441.30 584.80 Td (which ) Tj ET Q q 0 0 0 rg BT 471.00 584.80 Td (is ) Tj ET Q q 0 0 0 rg BT 481.43 584.80 Td (on ) Tj ET Q q 0 0 0 rg BT 495.96 584.80 Td (budget ) Tj ET Q q 0 0 0 rg BT 530.93 584.80 Td (and ) Tj ET Q q 0 0 0 rg BT 551.30 584.80 Td (ahead ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 572.20 Td (of ) Tj ET Q q 0 0 0 rg BT 96.44 572.20 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 143.57 572.20 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 188.35 572.20 Td (the ) Tj ET Q q 0 0 0 rg BT 205.13 572.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 259.50 572.20 Td (ef) Tj ET Q q 0 0 0 rg BT 268.07 572.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 300.60 572.20 Td (and ) Tj ET Q q 0 0 0 rg BT 320.30 572.20 Td (ef) Tj ET Q q 0 0 0 rg BT 328.86 572.20 Td (ficient ) Tj ET Q q 0 0 0 rg BT 358.48 572.20 Td (operations. ) Tj ET Q q 0 0 0 rg BT 412.47 572.20 Td (The ) Tj ET Q q 0 0 0 rg BT 432.74 572.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 479.86 572.20 Td (targets ) Tj ET Q q 0 0 0 rg BT 514.14 572.20 Td (to ) Tj ET Q q 0 0 0 rg BT 525.08 572.20 Td (commission ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 559.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 125.76 559.60 Td (in ) Tj ET Q q 0 0 0 rg BT 136.85 559.60 Td (Q3/19 ) Tj ET Q q 0 0 0 rg BT 168.38 559.60 Td (with ) Tj ET Q q 0 0 0 rg BT 189.97 559.60 Td (first ) Tj ET Q q 0 0 0 rg BT 209.80 559.60 Td (production ) Tj ET Q q 0 0 0 rg BT 261.75 559.60 Td (targeted ) Tj ET Q q 0 0 0 rg BT 303.20 559.60 Td (in ) Tj ET Q q 0 0 0 rg BT 314.29 559.60 Td (Q4/19, ) Tj ET Q q 0 0 0 rg BT 348.73 559.60 Td (one ) Tj ET Q q 0 0 0 rg BT 369.17 559.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 405.36 559.60 Td (earlier ) Tj ET Q q 0 0 0 rg BT 437.45 559.60 Td (than ) Tj ET Q q 0 0 0 rg BT 460.81 559.60 Td (originally ) Tj ET Q q 0 0 0 rg BT 505.16 559.60 Td (planned. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 85.50 542.00 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 103.50 542.00 Td (Overall ) Tj ET Q q 0 0 0 rg BT 139.68 542.00 Td (targeted ) Tj ET Q q 0 0 0 rg BT 181.13 542.00 Td (production ) Tj ET Q q 0 0 0 rg BT 233.08 542.00 Td (capacity ) Tj ET Q q 0 0 0 rg BT 274.52 542.00 Td (at ) Tj ET Q q 0 0 0 rg BT 286.19 542.00 Td (Kirby ) Tj ET Q q 0 0 0 rg BT 313.03 542.00 Td (North ) Tj ET Q q 0 0 0 rg BT 341.63 542.00 Td (is ) Tj ET Q q 0 0 0 rg BT 352.13 542.00 Td (40,000 ) Tj ET Q q 0 0 0 rg BT 387.16 542.00 Td (bbl/d.) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 31.50 519.40 Td (North ) Tj ET Q q 0 0 0 rg BT 62.02 519.40 Td (America ) Tj ET Q q 0 0 0 rg BT 106.38 519.40 Td ( ) Tj ET Q q 0 0 0 rg BT 115.14 519.40 Td (Oil ) Tj ET Q q 0 0 0 rg BT 132.06 519.40 Td (Sands ) Tj ET Q q 0 0 0 rg BT 166.49 519.40 Td (Mining ) Tj ET Q q 0 0 0 rg BT 203.23 519.40 Td (and ) Tj ET Q q 0 0 0 rg BT 224.81 519.40 Td (Upgrading) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 3.82 0 0 10.55 31.50 499.53 cm /I16 Do Q q 0 0 0 rg BT 35.32 501.80 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 501.80 Td (Oil ) Tj ET Q q 0 0 0 rg BT 64.98 501.80 Td (Sands ) Tj ET Q q 0 0 0 rg BT 97.40 501.80 Td (Mining ) Tj ET Q q 0 0 0 rg BT 130.98 501.80 Td (and ) Tj ET Q q 0 0 0 rg BT 151.15 501.80 Td (Upgrading ) Tj ET Q q 0 0 0 rg BT 202.25 501.80 Td (production ) Tj ET Q q 0 0 0 rg BT 253.94 501.80 Td (is ) Tj ET Q q 0 0 0 rg BT 264.17 501.80 Td (targeted ) Tj ET Q q 0 0 0 rg BT 305.35 501.80 Td (to ) Tj ET Q q 0 0 0 rg BT 316.75 501.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 359.09 501.80 Td (by ) Tj ET Q q 0 0 0 rg BT 372.83 501.80 Td (2% ) Tj ET Q q 0 0 0 rg BT 390.65 501.80 Td (in ) Tj ET Q q 0 0 0 rg BT 401.47 501.80 Td (2019 ) Tj ET Q q 0 0 0 rg BT 427.48 501.80 Td (when ) Tj ET Q q 0 0 0 rg BT 455.23 501.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 504.57 501.80 Td (to ) Tj ET Q q 0 0 0 rg BT 515.98 501.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 541.99 501.80 Td (targeted ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 489.20 Td (levels. ) Tj ET Q q 0 0 0 rg BT 82.12 489.20 Td (The ) Tj ET Q q 0 0 0 rg BT 103.27 489.20 Td (2019 ) Tj ET Q q 0 0 0 rg BT 129.68 489.20 Td (production ) Tj ET Q q 0 0 0 rg BT 181.77 489.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 227.45 489.20 Td (range ) Tj ET Q q 0 0 0 rg BT 257.36 489.20 Td (for ) Tj ET Q q 0 0 0 rg BT 272.67 489.20 Td (Oil ) Tj ET Q q 0 0 0 rg BT 288.55 489.20 Td (Sands ) Tj ET Q q 0 0 0 rg BT 321.38 489.20 Td (Mining ) Tj ET Q q 0 0 0 rg BT 355.37 489.20 Td (and ) Tj ET Q q 0 0 0 rg BT 375.94 489.20 Td (Upgrading ) Tj ET Q q 0 0 0 rg BT 427.45 489.20 Td (is ) Tj ET Q q 0 0 0 rg BT 438.08 489.20 Td (415,000 ) Tj ET Q q 0 0 0 rg BT 479.09 489.20 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 504.92 489.20 Td (to ) Tj ET Q q 0 0 0 rg BT 516.73 489.20 Td (450,000 ) Tj ET Q q 0 0 0 rg BT 557.74 489.20 Td (bbl/d ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 476.60 Td (of ) Tj ET Q q 0 0 0 rg BT 61.17 476.60 Td (SCO. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 459.00 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 459.00 Td (The ) Tj ET Q q 0 0 0 rg BT 89.13 459.00 Td (2019 ) Tj ET Q q 0 0 0 rg BT 116.02 459.00 Td (targeted ) Tj ET Q q 0 0 0 rg BT 158.09 459.00 Td (production ) Tj ET Q q 0 0 0 rg BT 210.66 459.00 Td (range ) Tj ET Q q 0 0 0 rg BT 241.05 459.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 283.11 459.00 Td (spring ) Tj ET Q q 0 0 0 rg BT 315.24 459.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 378.90 459.00 Td (activities ) Tj ET Q q 0 0 0 rg BT 422.70 459.00 Td (and ) Tj ET Q q 0 0 0 rg BT 443.75 459.00 Td (a ) Tj ET Q q 0 0 0 rg BT 453.13 459.00 Td (28 ) Tj ET Q q 0 0 0 rg BT 468.34 459.00 Td (day ) Tj ET Q q 0 0 0 rg BT 488.80 459.00 Td (planned ) Tj ET Q q 0 0 0 rg BT 529.71 459.00 Td (turnaround ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 446.40 Td (later ) Tj ET Q q 0 0 0 rg BT 90.84 446.40 Td (in ) Tj ET Q q 0 0 0 rg BT 101.93 446.40 Td (the ) Tj ET Q q 0 0 0 rg BT 119.45 446.40 Td (year ) Tj ET Q q 0 0 0 rg BT 142.79 446.40 Td (at ) Tj ET Q q 0 0 0 rg BT 154.47 446.40 Td (the ) Tj ET Q q 0 0 0 rg BT 171.98 446.40 Td (Horizon ) Tj ET Q q 0 0 0 rg BT 211.08 446.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 265.95 446.40 Td (and ) Tj ET Q q 0 0 0 rg BT 286.39 446.40 Td (planned ) Tj ET Q q 0 0 0 rg BT 326.68 446.40 Td (pit ) Tj ET Q q 0 0 0 rg BT 340.69 446.40 Td (stops ) Tj ET Q q 0 0 0 rg BT 368.70 446.40 Td (at ) Tj ET Q q 0 0 0 rg BT 380.38 446.40 Td (the ) Tj ET Q q 0 0 0 rg BT 397.31 446.40 Td (AOSP) Tj ET Q q 0 0 0 rg BT 426.30 446.40 Td ( ) Tj ET Q q 0 0 0 rg BT 429.22 446.40 Td (in ) Tj ET Q q 0 0 0 rg BT 440.31 446.40 Td (the ) Tj ET Q q 0 0 0 rg BT 457.82 446.40 Td (spring ) Tj ET Q q 0 0 0 rg BT 489.34 446.40 Td (and ) Tj ET Q q 0 0 0 rg BT 509.78 446.40 Td (fall ) Tj ET Q q 0 0 0 rg BT 526.12 446.40 Td (of ) Tj ET Q q 0 0 0 rg BT 537.79 446.40 Td (2019. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 428.80 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 428.80 Td (2019 ) Tj ET Q q 0 0 0 rg BT 94.19 428.80 Td (Oil ) Tj ET Q q 0 0 0 rg BT 110.35 428.80 Td (Sands ) Tj ET Q q 0 0 0 rg BT 143.45 428.80 Td (Mining ) Tj ET Q q 0 0 0 rg BT 177.71 428.80 Td (and ) Tj ET Q q 0 0 0 rg BT 198.56 428.80 Td (Upgrading ) Tj ET Q q 0 0 0 rg BT 250.34 428.80 Td (targeted ) Tj ET Q q 0 0 0 rg BT 292.20 428.80 Td (base ) Tj ET Q q 0 0 0 rg BT 318.30 428.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 351.98 428.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 393.84 428.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 462.53 428.80 Td ($505 ) Tj ET Q q 0 0 0 rg BT 489.22 428.80 Td (million ) Tj ET Q q 0 0 0 rg BT 522.31 428.80 Td (for ) Tj ET Q q 0 0 0 rg BT 537.89 428.80 Td (strategic, ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 416.20 Td (project ) Tj ET Q q 0 0 0 rg BT 101.93 416.20 Td (development, ) Tj ET Q q 0 0 0 rg BT 167.90 416.20 Td (environmental ) Tj ET Q q 0 0 0 rg BT 236.77 416.20 Td (and ) Tj ET Q q 0 0 0 rg BT 257.21 416.20 Td (technology) Tj ET Q q 0 0 0 rg BT 307.22 416.20 Td (. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 398.60 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 398.60 Td (Base ) Tj ET Q q 0 0 0 rg BT 93.95 398.60 Td (sustaining ) Tj ET Q q 0 0 0 rg BT 143.74 398.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 176.61 398.60 Td (is ) Tj ET Q q 0 0 0 rg BT 186.70 398.60 Td (targeted ) Tj ET Q q 0 0 0 rg BT 227.75 398.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.02 398.60 Td (be ) Tj ET Q q 0 0 0 rg BT 253.21 398.60 Td ($780 ) Tj ET Q q 0 0 0 rg BT 279.08 398.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 314.27 398.60 Td (while ) Tj ET Q q 0 0 0 rg BT 340.71 398.60 Td ($240 ) Tj ET Q q 0 0 0 rg BT 366.58 398.60 Td (million ) Tj ET Q q 0 0 0 rg BT 398.85 398.60 Td (is ) Tj ET Q q 0 0 0 rg BT 408.95 398.60 Td (targeted ) Tj ET Q q 0 0 0 rg BT 449.99 398.60 Td (for ) Tj ET Q q 0 0 0 rg BT 464.76 398.60 Td (turnarounds, ) Tj ET Q q 0 0 0 rg BT 526.23 398.60 Td (reclamation ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 386.00 Td (and ) Tj ET Q q 0 0 0 rg BT 87.94 386.00 Td (other ) Tj ET Q q 0 0 0 rg BT 114.79 386.00 Td (activities.) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 31.50 363.40 Td (International ) Tj ET Q q 0 0 0 rg BT 97.43 363.40 Td ( ) Tj ET Q q 0 0 0 rg BT 106.18 363.40 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 166.86 363.40 Td (& ) Tj ET Q q 0 0 0 rg BT 177.36 363.40 Td (Production) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 3.82 0 0 10.55 31.50 343.53 cm /I17 Do Q q 0 0 0 rg BT 35.32 345.80 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 345.80 Td (International ) Tj ET Q q 0 0 0 rg BT 110.78 345.80 Td (light ) Tj ET Q q 0 0 0 rg BT 133.54 345.80 Td (crude ) Tj ET Q q 0 0 0 rg BT 163.29 345.80 Td (oil ) Tj ET Q q 0 0 0 rg BT 177.29 345.80 Td (production ) Tj ET Q q 0 0 0 rg BT 229.82 345.80 Td (is ) Tj ET Q q 0 0 0 rg BT 240.89 345.80 Td (targeted ) Tj ET Q q 0 0 0 rg BT 282.91 345.80 Td (to ) Tj ET Q q 0 0 0 rg BT 295.16 345.80 Td (range ) Tj ET Q q 0 0 0 rg BT 325.50 345.80 Td (from ) Tj ET Q q 0 0 0 rg BT 350.00 345.80 Td (42,000 ) Tj ET Q q 0 0 0 rg BT 385.60 345.80 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 411.86 345.80 Td (to ) Tj ET Q q 0 0 0 rg BT 424.11 345.80 Td (46,000 ) Tj ET Q q 0 0 0 rg BT 459.72 345.80 Td (bbl/d, ) Tj ET Q q 0 0 0 rg BT 488.89 345.80 Td (a ) Tj ET Q q 0 0 0 rg BT 498.22 345.80 Td (2% ) Tj ET Q q 0 0 0 rg BT 516.89 345.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 560.07 345.80 Td (over ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 333.20 Td (2018 ) Tj ET Q q 0 0 0 rg BT 75.00 333.20 Td (targeted ) Tj ET Q q 0 0 0 rg BT 115.67 333.20 Td (production ) Tj ET Q q 0 0 0 rg BT 166.84 333.20 Td (levels, ) Tj ET Q q 0 0 0 rg BT 198.74 333.20 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 243.49 333.20 Td (the ) Tj ET Q q 0 0 0 rg BT 260.22 333.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 314.55 333.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 347.04 333.20 Td (program ) Tj ET Q q 0 0 0 rg BT 388.28 333.20 Td (in ) Tj ET Q q 0 0 0 rg BT 398.59 333.20 Td (the ) Tj ET Q q 0 0 0 rg BT 415.32 333.20 Td (North ) Tj ET Q q 0 0 0 rg BT 443.14 333.20 Td (Sea ) Tj ET Q q 0 0 0 rg BT 463.96 333.20 Td (and ) Tj ET Q q 0 0 0 rg BT 483.62 333.20 Td (Cte ) Tj ET Q q 0 0 0 rg BT 507.94 333.20 Td (dIvoire ) Tj ET Q q 0 0 0 rg BT 543.92 333.20 Td (in ) Tj ET Q q 0 0 0 rg BT 554.24 333.20 Td (2019.) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 3.82 0 0 10.55 31.50 313.33 cm /I18 Do Q q 0 0 0 rg BT 35.32 315.60 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 315.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 76.53 315.60 Td (base ) Tj ET Q q 0 0 0 rg BT 102.98 315.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 137.00 315.60 Td (at ) Tj ET Q q 0 0 0 rg BT 149.43 315.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.71 315.60 Td (Company) Tj ET Q q 0 0 0 rg BT 214.79 315.60 Td (s ) Tj ET Q q 0 0 0 rg BT 223.71 315.60 Td (International ) Tj ET Q q 0 0 0 rg BT 285.18 315.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 319.20 315.60 Td (is ) Tj ET Q q 0 0 0 rg BT 330.46 315.60 Td (targeted ) Tj ET Q q 0 0 0 rg BT 372.66 315.60 Td (to ) Tj ET Q q 0 0 0 rg BT 385.09 315.60 Td (be ) Tj ET Q q 0 0 0 rg BT 400.45 315.60 Td ($50 ) Tj ET Q q 0 0 0 rg BT 421.64 315.60 Td (million ) Tj ET Q q 0 0 0 rg BT 455.07 315.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 492.02 315.60 Td (than ) Tj ET Q q 0 0 0 rg BT 516.13 315.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 543.16 315.60 Td (forecast ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 303.00 Td (levels ) Tj ET Q q 0 0 0 rg BT 79.26 303.00 Td (at ) Tj ET Q q 0 0 0 rg BT 90.94 303.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 159.22 303.00 Td ($460 ) Tj ET Q q 0 0 0 rg BT 185.50 303.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 221.09 303.00 Td (which ) Tj ET Q q 0 0 0 rg BT 250.85 303.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 292.30 303.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 360.58 303.00 Td ($45 ) Tj ET Q q 0 0 0 rg BT 381.02 303.00 Td (million ) Tj ET Q q 0 0 0 rg BT 413.69 303.00 Td (for ) Tj ET Q q 0 0 0 rg BT 428.86 303.00 Td (decommissioning ) Tj ET Q q 0 0 0 rg BT 512.90 303.00 Td (activities.) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 3.82 0 0 10.55 31.50 283.13 cm /I19 Do Q q 0 0 0 rg BT 35.32 285.40 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 285.40 Td (In ) Tj ET Q q 0 0 0 rg BT 61.65 285.40 Td (2019, ) Tj ET Q q 0 0 0 rg BT 91.32 285.40 Td (the ) Tj ET Q q 0 0 0 rg BT 109.31 285.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 164.89 285.40 Td (base ) Tj ET Q q 0 0 0 rg BT 191.06 285.40 Td (budget ) Tj ET Q q 0 0 0 rg BT 226.56 285.40 Td (targets ) Tj ET Q q 0 0 0 rg BT 262.06 285.40 Td (to ) Tj ET Q q 0 0 0 rg BT 274.21 285.40 Td (drill ) Tj ET Q q 0 0 0 rg BT 293.93 285.40 Td (3.9 ) Tj ET Q q 0 0 0 rg BT 311.92 285.40 Td (net ) Tj ET Q q 0 0 0 rg BT 329.91 285.40 Td (producer ) Tj ET Q q 0 0 0 rg BT 374.75 285.40 Td (wells ) Tj ET Q q 0 0 0 rg BT 401.48 285.40 Td (in ) Tj ET Q q 0 0 0 rg BT 413.04 285.40 Td (the ) Tj ET Q q 0 0 0 rg BT 431.03 285.40 Td (North ) Tj ET Q q 0 0 0 rg BT 460.10 285.40 Td (Sea ) Tj ET Q q 0 0 0 rg BT 482.18 285.40 Td (and ) Tj ET Q q 0 0 0 rg BT 503.09 285.40 Td (0.6 ) Tj ET Q q 0 0 0 rg BT 521.08 285.40 Td (net ) Tj ET Q q 0 0 0 rg BT 539.07 285.40 Td (producer ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 272.80 Td (wells ) Tj ET Q q 0 0 0 rg BT 75.76 272.80 Td (at ) Tj ET Q q 0 0 0 rg BT 87.43 272.80 Td (Baobab ) Tj ET Q q 0 0 0 rg BT 126.55 272.80 Td (in ) Tj ET Q q 0 0 0 rg BT 137.64 272.80 Td (Cte ) Tj ET Q q 0 0 0 rg BT 162.74 272.80 Td (dIvoire.) Tj ET Q BT /F3 10.50 Tf ET /GS0 gs q 3.82 0 0 10.55 31.50 252.93 cm /I20 Do Q q 0 0 0 rg BT 35.32 255.20 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 255.20 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 96.85 255.20 Td (Natural's ) Tj ET Q q 0 0 0 rg BT 140.36 255.20 Td (projects ) Tj ET Q q 0 0 0 rg BT 179.52 255.20 Td (in ) Tj ET Q q 0 0 0 rg BT 190.09 255.20 Td (Cte ) Tj ET Q q 0 0 0 rg BT 214.67 255.20 Td (dIvoire ) Tj ET Q q 0 0 0 rg BT 250.92 255.20 Td (deliver ) Tj ET Q q 0 0 0 rg BT 284.25 255.20 Td (some ) Tj ET Q q 0 0 0 rg BT 312.33 255.20 Td (of ) Tj ET Q q 0 0 0 rg BT 323.48 255.20 Td (the ) Tj ET Q q 0 0 0 rg BT 340.48 255.20 Td (highest ) Tj ET Q q 0 0 0 rg BT 376.74 255.20 Td (returns ) Tj ET Q q 0 0 0 rg BT 411.82 255.20 Td (in ) Tj ET Q q 0 0 0 rg BT 422.39 255.20 Td (the ) Tj ET Q q 0 0 0 rg BT 439.39 255.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 493.98 255.20 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 533.74 255.20 Td (and ) Tj ET Q q 0 0 0 rg BT 553.65 255.20 Td (future ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 242.60 Td (development ) Tj ET Q q 0 0 0 rg BT 112.54 242.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 140.56 242.60 Td (are ) Tj ET Q q 0 0 0 rg BT 158.66 242.60 Td (as ) Tj ET Q q 0 0 0 rg BT 172.66 242.60 Td (follows:) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 225.00 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 225.00 Td (At ) Tj ET Q q 0 0 0 rg BT 80.22 225.00 Td (Espoir) Tj ET Q q 0 0 0 rg BT 109.41 225.00 Td (, ) Tj ET Q q 0 0 0 rg BT 115.13 225.00 Td (the ) Tj ET Q q 0 0 0 rg BT 132.53 225.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 180.27 225.00 Td (targets ) Tj ET Q q 0 0 0 rg BT 215.18 225.00 Td (to ) Tj ET Q q 0 0 0 rg BT 226.74 225.00 Td (commence ) Tj ET Q q 0 0 0 rg BT 280.90 225.00 Td (Phase ) Tj ET Q q 0 0 0 rg BT 313.47 225.00 Td (4 ) Tj ET Q q 0 0 0 rg BT 322.12 225.00 Td (development ) Tj ET Q q 0 0 0 rg BT 385.04 225.00 Td (in ) Tj ET Q q 0 0 0 rg BT 396.02 225.00 Td (late ) Tj ET Q q 0 0 0 rg BT 415.76 225.00 Td (2019 ) Tj ET Q q 0 0 0 rg BT 441.92 225.00 Td (with ) Tj ET Q q 0 0 0 rg BT 463.40 225.00 Td (initial ) Tj ET Q q 0 0 0 rg BT 490.13 225.00 Td (production ) Tj ET Q q 0 0 0 rg BT 541.97 225.00 Td (targeted ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 212.40 Td (to ) Tj ET Q q 0 0 0 rg BT 79.17 212.40 Td (come ) Tj ET Q q 0 0 0 rg BT 107.77 212.40 Td (on ) Tj ET Q q 0 0 0 rg BT 122.37 212.40 Td (stream ) Tj ET Q q 0 0 0 rg BT 157.37 212.40 Td (in ) Tj ET Q q 0 0 0 rg BT 168.46 212.40 Td (early ) Tj ET Q q 0 0 0 rg BT 194.14 212.40 Td (2020.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 194.80 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 194.80 Td (In ) Tj ET Q q 0 0 0 rg BT 78.01 194.80 Td (Q2/19, ) Tj ET Q q 0 0 0 rg BT 111.28 194.80 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 157.98 194.80 Td (Natural ) Tj ET Q q 0 0 0 rg BT 193.58 194.80 Td (targets ) Tj ET Q q 0 0 0 rg BT 227.43 194.80 Td (to ) Tj ET Q q 0 0 0 rg BT 237.93 194.80 Td (drill ) Tj ET Q q 0 0 0 rg BT 256.01 194.80 Td (an ) Tj ET Q q 0 0 0 rg BT 269.44 194.80 Td (exploration ) Tj ET Q q 0 0 0 rg BT 322.56 194.80 Td (well ) Tj ET Q q 0 0 0 rg BT 342.40 194.80 Td (at ) Tj ET Q q 0 0 0 rg BT 352.90 194.80 Td (Kossipo ) Tj ET Q q 0 0 0 rg BT 392.01 194.80 Td (and ) Tj ET Q q 0 0 0 rg BT 411.27 194.80 Td (if ) Tj ET Q q 0 0 0 rg BT 418.27 194.80 Td (successful, ) Tj ET Q q 0 0 0 rg BT 471.96 194.80 Td (will ) Tj ET Q q 0 0 0 rg BT 488.29 194.80 Td (lead ) Tj ET Q q 0 0 0 rg BT 509.89 194.80 Td (to ) Tj ET Q q 0 0 0 rg BT 520.39 194.80 Td (development ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 182.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 101.67 182.20 Td (with ) Tj ET Q q 0 0 0 rg BT 124.16 182.20 Td (a ) Tj ET Q q 0 0 0 rg BT 133.82 182.20 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 173.84 182.20 Td (tied-back ) Tj ET Q q 0 0 0 rg BT 220.26 182.20 Td (to ) Tj ET Q q 0 0 0 rg BT 232.84 182.20 Td (the ) Tj ET Q q 0 0 0 rg BT 251.26 182.20 Td (Floating ) Tj ET Q q 0 0 0 rg BT 292.43 182.20 Td (Production ) Tj ET Q q 0 0 0 rg BT 346.45 182.20 Td (Storage ) Tj ET Q q 0 0 0 rg BT 387.05 182.20 Td (and ) Tj ET Q q 0 0 0 rg BT 408.39 182.20 Td (Of) Tj ET Q q 0 0 0 rg BT 419.28 182.20 Td (floading ) Tj ET Q q 0 0 0 rg BT 459.88 182.20 Td (vessel ) Tj ET Q q 0 0 0 rg BT 493.47 182.20 Td (at ) Tj ET Q q 0 0 0 rg BT 506.04 182.20 Td (Baobab, ) Tj ET Q q 0 0 0 rg BT 548.98 182.20 Td (adding ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 67.50 169.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 117.11 169.60 Td (future ) Tj ET Q q 0 0 0 rg BT 146.88 169.60 Td (value ) Tj ET Q q 0 0 0 rg BT 174.90 169.60 Td (with ) Tj ET Q q 0 0 0 rg BT 196.49 169.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 239.11 169.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 267.70 169.60 Td (production ) Tj ET Q q 0 0 0 rg BT 319.66 169.60 Td (capability ) Tj ET Q q 0 0 0 rg BT 366.35 169.60 Td (of ) Tj ET Q q 0 0 0 rg BT 378.02 169.60 Td (20,000 ) Tj ET Q q 0 0 0 rg BT 413.06 169.60 Td (bbl/d ) Tj ET Q q 0 0 0 rg BT 438.75 169.60 Td (targeted ) Tj ET Q q 0 0 0 rg BT 480.19 169.60 Td (in ) Tj ET Q q 0 0 0 rg BT 491.28 169.60 Td (2022.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 23.75 29.40 Td (Canadian Natural Resources Limited) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.20 29.40 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.20 29.40 Td (Press Release) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.50 Tf ET q 0 0 0 rg BT 31.50 748.40 Td (PRODUCTION ) Tj ET Q q 0 0 0 rg BT 104.61 748.40 Td (AND ) Tj ET Q q 0 0 0 rg BT 130.28 748.40 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 161.00 748.40 Td (AL) Tj ET Q q 0 0 0 rg BT 174.81 748.40 Td ( ) Tj ET Q q 0 0 0 rg BT 177.73 748.40 Td (GUIDANCE ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 730.80 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 79.27 730.80 Td (Natural ) Tj ET Q q 0 0 0 rg BT 115.93 730.80 Td (continues ) Tj ET Q q 0 0 0 rg BT 163.69 730.80 Td (its ) Tj ET Q q 0 0 0 rg BT 177.00 730.80 Td (strategy ) Tj ET Q q 0 0 0 rg BT 217.17 730.80 Td (of ) Tj ET Q q 0 0 0 rg BT 228.74 730.80 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 285.25 730.80 Td (a ) Tj ET Q q 0 0 0 rg BT 293.90 730.80 Td (large ) Tj ET Q q 0 0 0 rg BT 320.06 730.80 Td (diverse ) Tj ET Q q 0 0 0 rg BT 356.72 730.80 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 396.89 730.80 Td (of ) Tj ET Q q 0 0 0 rg BT 408.46 730.80 Td (assets. ) Tj ET Q q 0 0 0 rg BT 444.36 730.80 Td (This ) Tj ET Q q 0 0 0 rg BT 467.00 730.80 Td (enables ) Tj ET Q q 0 0 0 rg BT 506.60 730.80 Td (the ) Tj ET Q q 0 0 0 rg BT 524.01 730.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 571.76 730.80 Td (to ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 718.20 Td (maximize ) Tj ET Q q 0 0 0 rg BT 77.32 718.20 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 134.26 718.20 Td (returns ) Tj ET Q q 0 0 0 rg BT 168.42 718.20 Td (through ) Tj ET Q q 0 0 0 rg BT 205.52 718.20 Td (flexible ) Tj ET Q q 0 0 0 rg BT 239.69 718.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 271.52 718.20 Td (allocation. ) Tj ET Q q 0 0 0 rg BT 320.00 718.20 Td (Annual ) Tj ET Q q 0 0 0 rg BT 354.17 718.20 Td (budgets ) Tj ET Q q 0 0 0 rg BT 393.02 718.20 Td (are ) Tj ET Q q 0 0 0 rg BT 409.68 718.20 Td (developed ) Tj ET Q q 0 0 0 rg BT 459.63 718.20 Td (and ) Tj ET Q q 0 0 0 rg BT 478.63 718.20 Td (scrutinized ) Tj ET Q q 0 0 0 rg BT 530.30 718.20 Td (throughout ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 705.60 Td (the ) Tj ET Q q 0 0 0 rg BT 49.26 705.60 Td (year ) Tj ET Q q 0 0 0 rg BT 72.85 705.60 Td (and ) Tj ET Q q 0 0 0 rg BT 93.53 705.60 Td (changed ) Tj ET Q q 0 0 0 rg BT 136.98 705.60 Td (if ) Tj ET Q q 0 0 0 rg BT 145.39 705.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 196.41 705.60 Td (in ) Tj ET Q q 0 0 0 rg BT 207.74 705.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.50 705.60 Td (context ) Tj ET Q q 0 0 0 rg BT 262.51 705.60 Td (of ) Tj ET Q q 0 0 0 rg BT 274.43 705.60 Td (project ) Tj ET Q q 0 0 0 rg BT 309.11 705.60 Td (returns, ) Tj ET Q q 0 0 0 rg BT 347.87 705.60 Td (product ) Tj ET Q q 0 0 0 rg BT 386.05 705.60 Td (pricing ) Tj ET Q q 0 0 0 rg BT 420.15 705.60 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 485.18 705.60 Td (and ) Tj ET Q q 0 0 0 rg BT 505.86 705.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 705.60 Td (balancing ) Tj ET Q q 0 0 0 rg BT 571.74 705.60 Td (of ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 693.00 Td (project ) Tj ET Q q 0 0 0 rg BT 66.50 693.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 91.57 693.00 Td (and ) Tj ET Q q 0 0 0 rg BT 112.58 693.00 Td (time ) Tj ET Q q 0 0 0 rg BT 135.90 693.00 Td (horizons. ) Tj ET Q q 0 0 0 rg BT 182.00 693.00 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 230.44 693.00 Td (Natural ) Tj ET Q q 0 0 0 rg BT 267.77 693.00 Td (maintains ) Tj ET Q q 0 0 0 rg BT 316.20 693.00 Td (a ) Tj ET Q q 0 0 0 rg BT 325.53 693.00 Td (high ) Tj ET Q q 0 0 0 rg BT 348.87 693.00 Td (ownership ) Tj ET Q q 0 0 0 rg BT 400.22 693.00 Td (level ) Tj ET Q q 0 0 0 rg BT 425.30 693.00 Td (and ) Tj ET Q q 0 0 0 rg BT 446.31 693.00 Td (operatorship ) Tj ET Q q 0 0 0 rg BT 508.17 693.00 Td (in ) Tj ET Q q 0 0 0 rg BT 519.83 693.00 Td (its ) Tj ET Q q 0 0 0 rg BT 533.82 693.00 Td (properties ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 680.40 Td (and ) Tj ET Q q 0 0 0 rg BT 51.94 680.40 Td (can ) Tj ET Q q 0 0 0 rg BT 71.78 680.40 Td (therefore ) Tj ET Q q 0 0 0 rg BT 116.73 680.40 Td (control ) Tj ET Q q 0 0 0 rg BT 151.16 680.40 Td (the ) Tj ET Q q 0 0 0 rg BT 168.68 680.40 Td (nature, ) Tj ET Q q 0 0 0 rg BT 204.29 680.40 Td (timing ) Tj ET Q q 0 0 0 rg BT 235.21 680.40 Td (and ) Tj ET Q q 0 0 0 rg BT 255.65 680.40 Td (extent ) Tj ET Q q 0 0 0 rg BT 287.17 680.40 Td (of ) Tj ET Q q 0 0 0 rg BT 298.85 680.40 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 361.89 680.40 Td (in ) Tj ET Q q 0 0 0 rg BT 372.98 680.40 Td (each ) Tj ET Q q 0 0 0 rg BT 398.67 680.40 Td (of ) Tj ET Q q 0 0 0 rg BT 410.34 680.40 Td (its ) Tj ET Q q 0 0 0 rg BT 423.76 680.40 Td (project ) Tj ET Q q 0 0 0 rg BT 458.19 680.40 Td (areas.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 31 638.9 m 386 638.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 664.9 m 386 638.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 664.9 m 483 638.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 664.9 m 483 664.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 638.9 m 483 638.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 664.9 m 483 638.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 664.9 m 580 638.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 664.9 m 580 664.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 638.9 m 580 638.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 31 622.9 m 386 622.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 638.9 m 386 622.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 638.9 m 483 622.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 638.9 m 483 638.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 622.9 m 483 622.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 638.9 m 483 622.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 638.9 m 580 622.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 638.9 m 580 638.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 622.9 m 580 622.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 622.9 m 386 606.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 622.9 m 483 606.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 622.9 m 580 606.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 606.9 m 386 590.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 606.9 m 483 590.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 606.9 m 580 590.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 590.9 m 386 574.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 590.9 m 483 574.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 590.9 m 580 574.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 574.9 m 386 558.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 574.9 m 483 558.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 574.9 m 580 558.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 558.9 m 386 542.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 558.9 m 483 542.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 558.9 m 580 542.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 542.9 m 386 526.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 542.9 m 483 526.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 542.9 m 580 526.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 31 526.9 m 386 526.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 526.9 m 386 510.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 526.9 m 483 510.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 526.9 m 483 526.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 526.9 m 580 510.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 526.9 m 580 526.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 31 510.9 m 386 510.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 31 494.9 m 386 494.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 510.9 m 386 494.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 510.9 m 483 494.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386 510.9 m 483 510.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 386 494.9 m 483 494.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 510.9 m 580 494.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 510.9 m 580 510.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 483 494.9 m 580 494.9 l s BT /F2 10.50 Tf ET q 0 0 0 rg BT 33.50 643.66 Td (Daily production volumes) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 161.86 643.66 Td ( \(before royalties\)) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 409.45 643.66 Td (2018 Forecast) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 553.10 654.16 Td (2019) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 512.30 643.66 Td (Base Budget) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 33.50 627.66 Td (Natural gas \(MMcf/d\)) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 417.60 627.66 Td (1,545 - 1,555) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 514.60 627.66 Td (1,485 - 1,545) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 33.50 595.66 Td (Crude oil and NGLs \(Mbbl/d\)) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 45.50 579.66 Td (North ) Tj ET Q q 0 0 0 rg BT 73.80 579.66 Td (America - Exploration and Production) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 435.10 579.66 Td (240 - 242) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 532.10 579.66 Td (221 - 241) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 45.50 563.66 Td (North ) Tj ET Q q 0 0 0 rg BT 73.80 563.66 Td (America - ) Tj ET Q q 0 0 0 rg BT 121.26 563.66 Td (Thermal In Situ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 435.10 563.66 Td (106 - 108) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 532.10 563.66 Td (104 - 124) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 45.50 547.66 Td (North ) Tj ET Q q 0 0 0 rg BT 73.80 547.66 Td (America - Oil Sands Mining and Upgrading) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 435.10 547.66 Td (424 - 428) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 532.10 547.66 Td (415 - 450) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 45.50 531.66 Td (International) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 446.80 531.66 Td (42 - 44) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 543.80 531.66 Td (42 - 46) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 45.50 515.66 Td (T) Tj ET Q q 0 0 0 rg BT 50.75 515.66 Td (otal crude oil and NGLs) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 435.10 515.66 Td (812 - 822) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 532.10 515.66 Td (782 - 861) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 33.50 499.66 Td (T) Tj ET Q q 0 0 0 rg BT 38.75 499.66 Td (otal BOE/d) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 417.60 499.66 Td (1,070 - 1,081) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 515.15 499.66 Td (1,030 - 1,1) Tj ET Q q 0 0 0 rg BT 564.78 499.66 Td (19) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 472.80 Td (The ) Tj ET Q q 0 0 0 rg BT 52.51 472.80 Td (forecast ) Tj ET Q q 0 0 0 rg BT 92.78 472.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 126.05 472.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 189.09 472.80 Td (for ) Tj ET Q q 0 0 0 rg BT 204.27 472.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 230.54 472.80 Td (and ) Tj ET Q q 0 0 0 rg BT 250.98 472.80 Td (the ) Tj ET Q q 0 0 0 rg BT 268.49 472.80 Td (2019 ) Tj ET Q q 0 0 0 rg BT 294.77 472.80 Td (Budget ) Tj ET Q q 0 0 0 rg BT 330.97 472.80 Td (guidance ) Tj ET Q q 0 0 0 rg BT 376.51 472.80 Td (are ) Tj ET Q q 0 0 0 rg BT 394.60 472.80 Td (as ) Tj ET Q q 0 0 0 rg BT 408.61 472.80 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 31 412.29999999999995 m 361 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 457.29999999999995 m 361 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 457.29999999999995 m 371 457.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 412.29999999999995 m 371 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371 457.29999999999995 m 434 457.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 412.29999999999995 m 434 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 457.29999999999995 m 434 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 457.29999999999995 m 444 457.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 412.29999999999995 m 444 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 457.29999999999995 m 507 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444 457.29999999999995 m 507 457.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 412.29999999999995 m 507 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 457.29999999999995 m 507 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 457.29999999999995 m 517 457.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 412.29999999999995 m 517 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 457.29999999999995 m 580 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 517 457.29999999999995 m 580 457.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 412.29999999999995 m 580 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 412.29999999999995 m 361 396.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 412.29999999999995 m 434 396.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 412.29999999999995 m 507 396.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 412.29999999999995 m 507 396.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 412.29999999999995 m 517 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 412.29999999999995 m 580 396.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 412.29999999999995 m 580 412.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 396.29999999999995 m 361 380.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 396.29999999999995 m 434 380.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 396.29999999999995 m 507 380.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 396.29999999999995 m 507 380.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 396.29999999999995 m 580 380.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 380.29999999999995 m 361 364.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 380.29999999999995 m 434 364.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 380.29999999999995 m 507 364.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 380.29999999999995 m 507 364.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 380.29999999999995 m 580 364.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 31 364.29999999999995 m 361 364.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 31 348.29999999999995 m 361 348.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 364.29999999999995 m 361 348.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 364.29999999999995 m 371 364.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 348.29999999999995 m 371 348.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371 364.29999999999995 m 434 364.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 348.29999999999995 m 434 348.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 364.29999999999995 m 434 348.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 364.29999999999995 m 444 364.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 348.29999999999995 m 444 348.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 364.29999999999995 m 507 348.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444 364.29999999999995 m 507 364.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 348.29999999999995 m 507 348.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 364.29999999999995 m 507 348.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 364.29999999999995 m 517 364.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 348.29999999999995 m 517 348.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 364.29999999999995 m 580 348.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 517 364.29999999999995 m 580 364.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 348.29999999999995 m 580 348.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 348.29999999999995 m 361 332.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 348.29999999999995 m 434 332.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 348.29999999999995 m 507 332.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 348.29999999999995 m 507 332.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 348.29999999999995 m 580 332.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 31 316.29999999999995 m 361 316.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 332.29999999999995 m 361 316.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 316.29999999999995 m 371 316.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371 316.29999999999995 m 434 316.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 332.29999999999995 m 434 316.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 316.29999999999995 m 444 316.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 332.29999999999995 m 507 316.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444 316.29999999999995 m 507 316.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 332.29999999999995 m 507 316.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 316.29999999999995 m 517 316.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 332.29999999999995 m 580 316.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 517 316.29999999999995 m 580 316.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 316.29999999999995 m 361 300.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 316.29999999999995 m 434 300.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 316.29999999999995 m 507 300.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 316.29999999999995 m 507 300.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 316.29999999999995 m 580 300.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 300.29999999999995 m 361 284.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 300.29999999999995 m 434 284.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 300.29999999999995 m 507 284.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 300.29999999999995 m 507 284.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 300.29999999999995 m 580 284.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 284.29999999999995 m 361 268.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 284.29999999999995 m 434 268.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 284.29999999999995 m 507 268.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 284.29999999999995 m 507 268.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 284.29999999999995 m 580 268.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 268.29999999999995 m 361 252.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 268.29999999999995 m 434 252.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 268.29999999999995 m 507 252.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 268.29999999999995 m 507 252.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 268.29999999999995 m 580 252.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 31 252.29999999999995 m 361 252.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 31 236.29999999999995 m 361 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 252.29999999999995 m 361 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 252.29999999999995 m 371 252.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 236.29999999999995 m 371 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371 252.29999999999995 m 434 252.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 236.29999999999995 m 434 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 252.29999999999995 m 434 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 252.29999999999995 m 444 252.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 236.29999999999995 m 444 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 252.29999999999995 m 507 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444 252.29999999999995 m 507 252.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 236.29999999999995 m 507 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 252.29999999999995 m 507 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 252.29999999999995 m 517 252.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 236.29999999999995 m 517 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 252.29999999999995 m 580 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 517 252.29999999999995 m 580 252.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 236.29999999999995 m 580 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 236.29999999999995 m 361 220.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 236.29999999999995 m 434 220.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 236.29999999999995 m 507 220.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 236.29999999999995 m 507 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444 220.29999999999995 m 507 220.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 236.29999999999995 m 507 220.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 236.29999999999995 m 517 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 220.29999999999995 m 517 220.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 236.29999999999995 m 580 220.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 236.29999999999995 m 580 236.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 517 220.29999999999995 m 580 220.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 31 220.29999999999995 m 361 220.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 31 204.29999999999995 m 361 204.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 220.29999999999995 m 361 204.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361 220.29999999999995 m 371 220.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361 204.29999999999995 m 371 204.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371 220.29999999999995 m 434 220.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371 204.29999999999995 m 434 204.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 220.29999999999995 m 434 204.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 220.29999999999995 m 444 220.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 204.29999999999995 m 444 204.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 220.29999999999995 m 507 204.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444 220.29999999999995 m 507 220.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 444 204.29999999999995 m 507 204.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 220.29999999999995 m 507 204.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 220.29999999999995 m 517 220.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507 204.29999999999995 m 517 204.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 580 220.29999999999995 m 580 204.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 517 220.29999999999995 m 580 220.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 204.29999999999995 m 580 204.29999999999995 l s BT /F2 10.50 Tf ET q 0 0 0 rg BT 33.50 417.06 Td (Capital Expenditures) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 137.95 417.06 Td ( \(C$ millions\)) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 407.10 427.56 Td (2018) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 386.70 417.06 Td (Forecast) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 480.10 427.56 Td (2019 ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 439.30 417.06 Td (Base Budget) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 553.10 438.06 Td (2019) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 519.90 427.56 Td (Normalized) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 540.30 417.06 Td (Budget) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 33.50 401.06 Td (North ) Tj ET Q q 0 0 0 rg BT 61.80 401.06 Td (America natural gas and NGLs) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 361.65 401.06 Td ($) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 412.45 401.06 Td (440) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 434.65 401.06 Td ($) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 485.45 401.06 Td (365) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 507.65 401.06 Td ($) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 558.45 401.06 Td (365) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 33.50 385.06 Td (North ) Tj ET Q q 0 0 0 rg BT 61.80 385.06 Td (America crude 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10.50 Tf ET q 0 0 0 rg BT 485.45 289.06 Td (505) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 507.65 289.06 Td ($) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 558.45 289.06 Td (705) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 45.50 273.06 Td (Sustaining capital) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 412.45 273.06 Td (660) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 485.45 273.06 Td (780) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 558.45 273.06 Td (780) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 45.50 257.06 Td (T) Tj ET Q q 0 0 0 rg BT 51.52 257.06 Td (urnarounds, reclamation and other) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 412.45 257.06 Td (165) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 485.45 257.06 Td (240) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 558.45 257.06 Td (240) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 33.50 241.06 Td (T) Tj ET Q q 0 0 0 rg BT 39.33 241.06 Td (otal Oil Sands Mining and Upgrading) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 361.65 241.06 Td ($) Tj ET Q BT /F2 10.50 Tf ET q 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403.70 209.06 Td (4,605) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 434.65 209.06 Td ($) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 476.70 209.06 Td (3,700) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 507.65 209.06 Td ($) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 549.70 209.06 Td (4,380) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 182.20 Td (In ) Tj ET Q q 0 0 0 rg BT 44.05 182.20 Td (the ) Tj ET Q q 0 0 0 rg BT 62.44 182.20 Td (event ) Tj ET Q q 0 0 0 rg BT 91.91 182.20 Td (that ) Tj ET Q q 0 0 0 rg BT 113.22 182.20 Td (pricing ) Tj ET Q q 0 0 0 rg BT 147.94 182.20 Td (dif) Tj ET Q q 0 0 0 rg BT 158.84 182.20 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 205.24 182.20 Td (improve ) Tj ET Q q 0 0 0 rg BT 246.38 182.20 Td (and ) Tj ET Q q 0 0 0 rg BT 267.69 182.20 Td (the ) Tj ET Q q 0 0 0 rg BT 286.07 182.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 334.80 182.20 Td (has ) Tj ET Q q 0 0 0 rg BT 355.52 182.20 Td (greater ) Tj ET Q q 0 0 0 rg BT 392.58 182.20 Td (clarity ) Tj ET Q q 0 0 0 rg BT 423.79 182.20 Td (around ) Tj ET Q q 0 0 0 rg BT 460.28 182.20 Td (market ) Tj ET Q q 0 0 0 rg BT 496.16 182.20 Td (access, ) Tj ET Q q 0 0 0 rg BT 535.55 182.20 Td (additional ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 169.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 64.77 169.60 Td (could ) Tj ET Q q 0 0 0 rg BT 92.79 169.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 142.99 169.60 Td (be ) Tj ET Q q 0 0 0 rg BT 157.59 169.60 Td (invested.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 147.00 Td (The ) Tj ET Q q 0 0 0 rg BT 53.73 147.00 Td (above ) Tj ET Q q 0 0 0 rg BT 86.47 147.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 120.96 147.00 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 185.22 147.00 Td (for ) Tj ET Q q 0 0 0 rg BT 201.61 147.00 Td (the ) Tj ET Q q 0 0 0 rg BT 220.34 147.00 Td (2018 ) Tj ET Q q 0 0 0 rg BT 247.84 147.00 Td (forecast ) Tj ET Q q 0 0 0 rg BT 289.33 147.00 Td (and ) Tj ET Q q 0 0 0 rg BT 310.98 147.00 Td (the ) Tj ET Q q 0 0 0 rg BT 329.71 147.00 Td (2019 ) Tj ET Q q 0 0 0 rg BT 357.21 147.00 Td (base ) Tj ET Q q 0 0 0 rg BT 384.11 147.00 Td (budget ) Tj ET Q q 0 0 0 rg BT 420.36 147.00 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 477.03 147.00 Td (the ) Tj ET Q q 0 0 0 rg BT 495.76 147.00 Td (following ) Tj ET Q q 0 0 0 rg BT 540.76 147.00 Td (levels ) Tj ET Q q 0 0 0 rg BT 571.74 147.00 Td (of ) Tj ET Q q 0 0 0 rg BT 583.41 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 586.33 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 589.25 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 592.17 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 595.08 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 598.00 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 600.92 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 603.84 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 606.75 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 609.67 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 612.59 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 615.51 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 618.42 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 621.34 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 624.26 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 627.18 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 630.09 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 633.01 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 635.93 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 638.85 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 641.76 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 644.68 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 647.60 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 650.52 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 653.43 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 656.35 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 659.27 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 662.19 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 665.10 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 668.02 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 670.94 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 673.86 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 676.77 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 679.69 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 682.61 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 685.53 147.00 Td ( ) Tj ET Q q 0 0 0 rg BT 688.44 147.00 Td ( ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 134.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 64.77 134.40 Td (activity:) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 23.75 29.40 Td (Canadian Natural Resources Limited) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.20 29.40 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.20 29.40 Td (Press Release) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 32 720.5 m 358 720.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i 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RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 720.5 m 507 704.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 581 720.5 m 581 704.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 358 704.5 m 358 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 704.5 m 434 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 704.5 m 507 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 704.5 m 507 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 581 704.5 m 581 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 358 688.5 m 358 672.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 688.5 m 434 672.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 688.5 m 507 672.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 688.5 m 507 672.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 581 688.5 m 581 672.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 32 672.5 m 358 672.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 32 656.5 m 358 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 358 672.5 m 358 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 358 672.5 m 434 672.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 358 656.5 m 434 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 672.5 m 434 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 672.5 m 507 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 672.5 m 507 672.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 656.5 m 507 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 672.5 m 507 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 581 672.5 m 581 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507 672.5 m 581 672.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507 656.5 m 581 656.5 l s BT /F3 10.50 Tf ET q 0 0 0 rg BT 34.50 725.26 Td (Drilling activity \(number of net producing wells\)) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 407.10 735.76 Td (2018) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 386.70 725.26 Td (Forecast) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 480.10 735.76 Td (2019 ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 439.30 725.26 Td (Base Budget) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 554.10 745.36 Td (2019) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 520.90 734.86 Td (Normalized) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 541.30 724.36 Td (Budget) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 34.50 709.26 Td (T) Tj ET Q q 0 0 0 rg BT 40.33 709.26 Td (argeting natural gas) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 418.30 709.26 Td (15) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 497.15 709.26 Td (5) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 571.15 709.26 Td (5) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 34.50 693.26 Td (T) Tj ET Q q 0 0 0 rg BT 40.33 693.26 Td (argeting crude oil) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 412.45 693.26 Td (375) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 491.30 693.26 Td (92) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 559.45 693.26 Td (252) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 34.50 677.26 Td (T) Tj ET Q q 0 0 0 rg BT 40.33 677.26 Td (argeting thermal in situ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 412.45 677.26 Td (126) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 492.50 677.26 Td () Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 565.30 677.26 Td (38) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 34.50 661.26 Td (T) Tj ET Q q 0 0 0 rg BT 39.75 661.26 Td (otal) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 412.45 661.26 Td (516) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 491.30 661.26 Td (97) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 559.45 661.26 Td (295) Tj ET Q BT /F1 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 31.50 645.40 Td (Note: 2018F) Tj ET Q q 0 0 0 rg BT 75.38 645.40 Td ( and 2019B excludes stratagraphic and service wells.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 622.80 Td (In ) Tj ET Q q 0 0 0 rg BT 42.45 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 59.25 622.80 Td (event ) Tj ET Q q 0 0 0 rg BT 87.13 622.80 Td (that ) Tj ET Q q 0 0 0 rg BT 106.84 622.80 Td (pricing ) Tj ET Q q 0 0 0 rg BT 139.96 622.80 Td (dif) Tj ET Q q 0 0 0 rg BT 150.87 622.80 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 195.67 622.80 Td (improve ) Tj ET Q q 0 0 0 rg BT 235.21 622.80 Td (and ) Tj ET Q q 0 0 0 rg BT 254.92 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 271.72 622.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 318.85 622.80 Td (has ) Tj ET Q q 0 0 0 rg BT 337.98 622.80 Td (greater ) Tj ET Q q 0 0 0 rg BT 373.44 622.80 Td (clarity ) Tj ET Q q 0 0 0 rg BT 403.06 622.80 Td (around ) Tj ET Q q 0 0 0 rg BT 437.95 622.80 Td (market ) Tj ET Q q 0 0 0 rg BT 472.23 622.80 Td (access, ) Tj ET Q q 0 0 0 rg BT 510.02 622.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 557.18 622.80 Td (wells ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 31.50 610.25 Td (could ) Tj ET Q q 0 0 0 rg BT 59.52 610.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 109.72 610.25 Td (be ) Tj ET Q q 0 0 0 rg BT 124.32 610.25 Td (drilled.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 23.75 29.40 Td (Canadian Natural Resources Limited) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.20 29.40 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.20 29.40 Td (Press Release) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 31.50 749.10 Td (Forward-Looking Statements) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 737.70 Td (Certain ) Tj ET Q q 0 0 0 rg BT 65.28 737.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 114.91 737.70 Td (relating ) Tj ET Q q 0 0 0 rg BT 149.22 737.70 Td (to ) Tj ET Q q 0 0 0 rg BT 160.30 737.70 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 204.13 737.70 Td (Natural ) Tj ET Q q 0 0 0 rg BT 237.91 737.70 Td (Resources ) Tj ET Q q 0 0 0 rg BT 286.48 737.70 Td (Limited ) Tj ET Q q 0 0 0 rg BT 320.26 737.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 339.79 737.70 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 393.09 737.70 Td (in ) Tj ET Q q 0 0 0 rg BT 403.65 737.70 Td (this ) Tj ET Q 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382.03 543.90 Td (of ) Tj ET Q q 0 0 0 rg BT 392.36 543.90 Td (future ) Tj ET Q q 0 0 0 rg BT 419.05 543.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 474.78 543.90 Td (and ) Tj ET Q q 0 0 0 rg BT 493.03 543.90 Td (are ) Tj ET Q q 0 0 0 rg BT 509.16 543.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 541.66 543.90 Td (to ) Tj ET Q q 0 0 0 rg BT 551.98 543.90 Td (certain ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 532.50 Td (risks. ) Tj ET Q q 0 0 0 rg BT 55.68 532.50 Td (The ) Tj ET Q q 0 0 0 rg BT 74.21 532.50 Td (reader ) Tj ET Q q 0 0 0 rg BT 103.84 532.50 Td (should ) Tj ET Q q 0 0 0 rg BT 133.99 532.50 Td (not ) Tj ET Q q 0 0 0 rg BT 149.36 532.50 Td (place ) Tj ET Q q 0 0 0 rg BT 174.23 532.50 Td (undue ) Tj ET Q q 0 0 0 rg BT 202.81 532.50 Td (reliance ) Tj ET Q q 0 0 0 rg BT 238.24 532.50 Td (on ) Tj ET Q q 0 0 0 rg BT 250.97 532.50 Td (these ) Tj ET Q q 0 0 0 rg BT 276.37 532.50 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 343.48 532.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 392.10 532.50 Td (as ) Tj ET Q q 0 0 0 rg BT 404.30 532.50 Td (there ) Tj ET Q q 0 0 0 rg BT 428.11 532.50 Td (can ) Tj ET Q q 0 0 0 rg BT 445.59 532.50 Td (be ) Tj ET Q q 0 0 0 rg BT 458.32 532.50 Td (no ) Tj ET Q q 0 0 0 rg BT 471.05 532.50 Td (assurances ) Tj ET Q q 0 0 0 rg BT 521.79 532.50 Td (that ) Tj ET Q q 0 0 0 rg BT 539.79 532.50 Td (the ) Tj ET Q q 0 0 0 rg BT 555.16 532.50 Td (plans, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 521.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 73.21 521.10 Td (or ) Tj ET Q q 0 0 0 rg BT 84.30 521.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 140.28 521.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 164.06 521.10 Td (which ) Tj ET Q q 0 0 0 rg BT 190.99 521.10 Td (they ) Tj ET Q q 0 0 0 rg BT 211.58 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 227.95 521.10 Td (based ) Tj ET Q q 0 0 0 rg BT 256.48 521.10 Td (will ) Tj ET Q q 0 0 0 rg BT 272.31 521.10 Td (occur) Tj ET Q q 0 0 0 rg BT 295.02 521.10 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 509.70 Td (In ) Tj ET Q q 0 0 0 rg BT 42.21 509.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 80.91 509.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 130.16 509.70 Td (relating ) Tj ET Q q 0 0 0 rg BT 164.11 509.70 Td (to ) Tj ET Q q 0 0 0 rg BT 174.81 509.70 Td (reserves ) Tj ET Q q 0 0 0 rg BT 220.35 509.70 Td (are ) Tj ET Q q 0 0 0 rg BT 236.87 509.70 Td (deemed ) Tj ET Q q 0 0 0 rg BT 273.98 509.70 Td (to ) Tj ET Q q 0 0 0 rg BT 284.69 509.70 Td (be ) Tj ET Q q 0 0 0 rg BT 298.04 509.70 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 365.78 509.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 415.03 509.70 Td (as ) Tj ET Q q 0 0 0 rg BT 427.85 509.70 Td (they ) Tj ET Q q 0 0 0 rg BT 448.59 509.70 Td (involve ) Tj ET Q q 0 0 0 rg BT 480.94 509.70 Td (the ) Tj ET Q q 0 0 0 rg BT 496.94 509.70 Td (implied ) Tj ET Q q 0 0 0 rg BT 529.82 509.70 Td (assessment ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 498.30 Td (based ) Tj ET Q q 0 0 0 rg BT 59.24 498.30 Td (on ) Tj ET Q q 0 0 0 rg BT 71.66 498.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 102.04 498.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 144.55 498.30 Td (and ) Tj ET Q q 0 0 0 rg BT 162.25 498.30 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 217.44 498.30 Td (that ) Tj ET Q q 0 0 0 rg BT 235.14 498.30 Td (the ) Tj ET Q q 0 0 0 rg BT 250.21 498.30 Td (reserves ) Tj ET Q q 0 0 0 rg BT 288.49 498.30 Td (described ) Tj ET Q q 0 0 0 rg BT 331.54 498.30 Td (can ) Tj ET Q q 0 0 0 rg BT 348.71 498.30 Td (be ) Tj ET Q q 0 0 0 rg BT 361.14 498.30 Td (profitably ) Tj ET Q q 0 0 0 rg BT 401.54 498.30 Td (produced ) Tj ET Q q 0 0 0 rg BT 443.01 498.30 Td (in ) Tj ET Q q 0 0 0 rg BT 452.26 498.30 Td (the ) Tj ET Q q 0 0 0 rg BT 467.33 498.30 Td (future. ) Tj ET Q q 0 0 0 rg BT 496.00 498.30 Td (There ) Tj ET Q q 0 0 0 rg BT 522.67 498.30 Td (are ) Tj ET Q q 0 0 0 rg BT 538.26 498.30 Td (numerous ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 486.90 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 89.02 486.90 Td (inherent ) Tj ET Q q 0 0 0 rg BT 127.00 486.90 Td (in ) Tj ET Q q 0 0 0 rg BT 138.05 486.90 Td (estimating ) Tj ET Q q 0 0 0 rg BT 185.00 486.90 Td (quantities ) Tj ET Q q 0 0 0 rg BT 229.33 486.90 Td (of ) Tj ET Q q 0 0 0 rg BT 240.90 486.90 Td (proved ) Tj ET Q q 0 0 0 rg BT 273.60 486.90 Td (and ) Tj ET Q q 0 0 0 rg BT 293.11 486.90 Td (proved ) Tj ET Q q 0 0 0 rg BT 325.81 486.90 Td (plus ) Tj ET Q q 0 0 0 rg BT 346.89 486.90 Td (probable ) Tj ET Q q 0 0 0 rg BT 387.52 486.90 Td (crude ) Tj ET Q q 0 0 0 rg BT 414.94 486.90 Td (oil, ) Tj ET Q q 0 0 0 rg BT 430.73 486.90 Td (natural ) Tj ET Q q 0 0 0 rg BT 463.44 486.90 Td (gas ) Tj ET Q q 0 0 0 rg BT 482.41 486.90 Td (and ) Tj ET Q q 0 0 0 rg BT 501.91 486.90 Td (natural ) Tj ET Q q 0 0 0 rg BT 534.61 486.90 Td (gas ) Tj ET Q q 0 0 0 rg BT 553.58 486.90 Td (liquids ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 475.50 Td (\(NGLs\) ) Tj ET Q q 0 0 0 rg BT 70.55 475.50 Td (reserves ) Tj ET Q q 0 0 0 rg BT 109.08 475.50 Td (and ) Tj ET Q q 0 0 0 rg BT 127.04 475.50 Td (in ) Tj ET Q q 0 0 0 rg BT 136.55 475.50 Td (projecting ) Tj ET Q q 0 0 0 rg BT 179.85 475.50 Td (future ) Tj ET Q q 0 0 0 rg BT 206.25 475.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 229.48 475.50 Td (of ) Tj ET Q q 0 0 0 rg BT 239.51 475.50 Td (production ) Tj ET Q q 0 0 0 rg BT 285.99 475.50 Td (and ) Tj ET Q q 0 0 0 rg BT 303.94 475.50 Td (the ) Tj ET Q q 0 0 0 rg BT 319.26 475.50 Td (timing ) Tj ET Q q 0 0 0 rg BT 346.71 475.50 Td (of ) Tj ET Q q 0 0 0 rg BT 356.74 475.50 Td (development ) Tj ET Q q 0 0 0 rg BT 413.25 475.50 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 472.26 475.50 Td (The ) Tj ET Q q 0 0 0 rg BT 490.74 475.50 Td (total ) Tj ET Q q 0 0 0 rg BT 510.81 475.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 544.60 475.50 Td (or ) Tj ET Q q 0 0 0 rg BT 555.16 475.50 Td (timing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 42.06 464.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 70.05 464.10 Td (future ) Tj ET Q q 0 0 0 rg BT 96.99 464.10 Td (production ) Tj ET Q q 0 0 0 rg BT 143.99 464.10 Td (may ) Tj ET Q q 0 0 0 rg BT 164.58 464.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 185.17 464.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 236.91 464.10 Td (from ) Tj ET Q q 0 0 0 rg BT 258.55 464.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 292.87 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.36 464.10 Td (production ) Tj ET Q q 0 0 0 rg BT 358.37 464.10 Td (estimates.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 452.70 Td (The ) Tj ET Q q 0 0 0 rg BT 50.56 452.70 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 118.20 452.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 167.36 452.70 Td (are ) Tj ET Q q 0 0 0 rg BT 183.79 452.70 Td (based ) Tj ET Q q 0 0 0 rg BT 212.36 452.70 Td (on ) Tj ET Q q 0 0 0 rg BT 225.62 452.70 Td (current ) Tj ET Q q 0 0 0 rg BT 257.88 452.70 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 316.56 452.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 359.91 452.70 Td (and ) Tj ET Q q 0 0 0 rg BT 378.45 452.70 Td (projections ) Tj ET Q q 0 0 0 rg BT 427.08 452.70 Td (about ) Tj ET Q q 0 0 0 rg BT 453.55 452.70 Td (the ) Tj ET Q q 0 0 0 rg BT 469.45 452.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 512.80 452.70 Td (and ) Tj ET Q q 0 0 0 rg BT 531.35 452.70 Td (the ) Tj ET Q q 0 0 0 rg BT 547.25 452.70 Td (industry ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 441.30 Td (in ) Tj ET Q q 0 0 0 rg BT 42.38 441.30 Td (which ) Tj ET Q q 0 0 0 rg BT 70.16 441.30 Td (the ) Tj ET Q q 0 0 0 rg BT 86.86 441.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.01 441.30 Td (operates, ) Tj ET Q q 0 0 0 rg BT 174.11 441.30 Td (which ) Tj ET Q q 0 0 0 rg BT 201.89 441.30 Td (speak ) Tj ET Q q 0 0 0 rg BT 230.73 441.30 Td (only ) Tj ET Q q 0 0 0 rg BT 251.64 441.30 Td (as ) Tj ET Q q 0 0 0 rg BT 265.17 441.30 Td (of ) Tj ET Q q 0 0 0 rg BT 276.58 441.30 Td (the ) Tj ET Q q 0 0 0 rg BT 293.28 441.30 Td (date ) Tj ET Q q 0 0 0 rg BT 315.26 441.30 Td (such ) Tj ET Q q 0 0 0 rg BT 338.81 441.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 388.77 441.30 Td (were ) Tj ET Q q 0 0 0 rg BT 412.85 441.30 Td (made ) Tj ET Q q 0 0 0 rg BT 440.10 441.30 Td (or ) Tj ET Q q 0 0 0 rg BT 452.04 441.30 Td (as ) Tj ET Q q 0 0 0 rg BT 465.56 441.30 Td (of ) Tj ET Q q 0 0 0 rg BT 476.98 441.30 Td (the ) Tj ET Q q 0 0 0 rg BT 493.67 441.30 Td (date ) Tj ET Q q 0 0 0 rg BT 515.65 441.30 Td (of ) Tj ET Q q 0 0 0 rg BT 527.06 441.30 Td (the ) Tj ET Q q 0 0 0 rg BT 543.76 441.30 Td (report ) Tj ET Q q 0 0 0 rg BT 572.07 441.30 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 429.90 Td (document ) Tj ET Q q 0 0 0 rg BT 76.19 429.90 Td (in ) Tj ET Q q 0 0 0 rg BT 86.56 429.90 Td (which ) Tj ET Q q 0 0 0 rg BT 113.82 429.90 Td (they ) Tj ET Q q 0 0 0 rg BT 134.75 429.90 Td (are ) Tj ET Q q 0 0 0 rg BT 151.45 429.90 Td (contained, ) Tj ET Q q 0 0 0 rg BT 198.26 429.90 Td (and ) Tj ET Q q 0 0 0 rg BT 217.08 429.90 Td (are ) Tj ET Q q 0 0 0 rg BT 233.78 429.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 266.86 429.90 Td (to ) Tj ET Q q 0 0 0 rg BT 277.75 429.90 Td (known ) Tj ET Q q 0 0 0 rg BT 308.18 429.90 Td (and ) Tj ET Q q 0 0 0 rg BT 327.00 429.90 Td (unknown ) Tj ET Q q 0 0 0 rg BT 368.00 429.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 390.50 429.90 Td (and ) Tj ET Q q 0 0 0 rg BT 409.32 429.90 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 466.16 429.90 Td (that ) Tj ET Q q 0 0 0 rg BT 484.98 429.90 Td (could ) Tj ET Q q 0 0 0 rg BT 510.66 429.90 Td (cause ) Tj ET Q q 0 0 0 rg BT 538.98 429.90 Td (the ) Tj ET Q q 0 0 0 rg BT 555.16 429.90 Td (actual ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 418.50 Td (results, ) Tj ET Q q 0 0 0 rg BT 64.08 418.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 119.37 418.50 Td (or ) Tj ET Q q 0 0 0 rg BT 129.77 418.50 Td (achievements ) Tj ET Q q 0 0 0 rg BT 190.35 418.50 Td (of ) Tj ET Q q 0 0 0 rg BT 200.23 418.50 Td (the ) Tj ET Q q 0 0 0 rg BT 215.40 418.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.01 418.50 Td (to ) Tj ET Q q 0 0 0 rg BT 267.89 418.50 Td (be ) Tj ET Q q 0 0 0 rg BT 280.42 418.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 323.03 418.50 Td (dif) Tj ET Q q 0 0 0 rg BT 332.89 418.50 Td (ferent ) Tj ET Q q 0 0 0 rg BT 359.14 418.50 Td (from ) Tj ET Q q 0 0 0 rg BT 380.10 418.50 Td (any ) Tj ET Q q 0 0 0 rg BT 397.38 418.50 Td (future ) Tj ET Q q 0 0 0 rg BT 423.63 418.50 Td (results, ) Tj ET Q q 0 0 0 rg BT 456.21 418.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 511.50 418.50 Td (or ) Tj ET Q q 0 0 0 rg BT 521.90 418.50 Td (achievements ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 407.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 78.56 407.10 Td (or ) Tj ET Q q 0 0 0 rg BT 90.23 407.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 123.55 407.10 Td (by ) Tj ET Q q 0 0 0 rg BT 136.81 407.10 Td (such ) Tj ET Q q 0 0 0 rg BT 160.11 407.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 228.28 407.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 280.62 407.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 305.50 407.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 328.25 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.32 407.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 404.42 407.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 440.39 407.10 Td (among ) Tj ET Q q 0 0 0 rg BT 472.66 407.10 Td (others: ) Tj ET Q q 0 0 0 rg BT 504.93 407.10 Td (general ) Tj ET Q q 0 0 0 rg BT 539.85 407.10 Td (economic ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 395.70 Td (and ) Tj ET Q q 0 0 0 rg BT 50.08 395.70 Td (business ) Tj ET Q q 0 0 0 rg BT 90.30 395.70 Td (conditions ) Tj ET Q q 0 0 0 rg BT 135.81 395.70 Td (which ) Tj ET Q q 0 0 0 rg BT 162.82 395.70 Td (will, ) Tj ET Q q 0 0 0 rg BT 181.38 395.70 Td (among ) Tj ET Q q 0 0 0 rg BT 213.16 395.70 Td (other ) Tj ET Q q 0 0 0 rg BT 237.54 395.70 Td (things, ) Tj ET Q q 0 0 0 rg BT 268.26 395.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 298.97 395.70 Td (demand ) Tj ET Q q 0 0 0 rg BT 336.03 395.70 Td (for ) Tj ET Q q 0 0 0 rg BT 349.84 395.70 Td (and ) Tj ET Q q 0 0 0 rg BT 368.42 395.70 Td (market ) Tj ET Q q 0 0 0 rg BT 400.18 395.70 Td (prices ) Tj ET Q q 0 0 0 rg BT 428.25 395.70 Td (of ) Tj ET Q q 0 0 0 rg BT 438.90 395.70 Td (the ) Tj ET Q q 0 0 0 rg BT 454.83 395.70 Td (Company) Tj ET Q q 0 0 0 rg BT 497.43 395.70 Td (s ) Tj ET Q q 0 0 0 rg BT 504.91 395.70 Td (products; ) Tj ET Q q 0 0 0 rg BT 546.71 395.70 Td (volatility ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 384.30 Td (of ) Tj ET Q q 0 0 0 rg BT 41.86 384.30 Td (and ) Tj ET Q q 0 0 0 rg BT 60.14 384.30 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 115.91 384.30 Td (regarding ) Tj ET Q q 0 0 0 rg BT 158.48 384.30 Td (crude ) Tj ET Q q 0 0 0 rg BT 184.68 384.30 Td (oil ) Tj ET Q q 0 0 0 rg BT 196.62 384.30 Td (and ) Tj ET Q q 0 0 0 rg BT 214.90 384.30 Td (natural ) Tj ET Q q 0 0 0 rg BT 246.39 384.30 Td (gas ) Tj ET Q q 0 0 0 rg BT 264.14 384.30 Td (prices; ) Tj ET Q q 0 0 0 rg BT 294.55 384.30 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 345.04 384.30 Td (in ) Tj ET Q q 0 0 0 rg BT 354.87 384.30 Td (currency ) Tj ET Q q 0 0 0 rg BT 393.73 384.30 Td (and ) Tj ET Q q 0 0 0 rg BT 412.02 384.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 445.61 384.30 Td (rates; ) Tj ET Q q 0 0 0 rg BT 471.80 384.30 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 527.57 384.30 Td (on ) Tj ET Q q 0 0 0 rg BT 540.57 384.30 Td (which ) Tj ET Q q 0 0 0 rg BT 567.29 384.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 372.90 Td (Company) Tj ET Q q 0 0 0 rg BT 74.10 372.90 Td (s ) Tj ET Q q 0 0 0 rg BT 81.49 372.90 Td (current ) Tj ET Q q 0 0 0 rg BT 113.69 372.90 Td (guidance ) Tj ET Q q 0 0 0 rg BT 154.89 372.90 Td (is ) Tj ET Q q 0 0 0 rg BT 164.39 372.90 Td (based; ) Tj ET Q q 0 0 0 rg BT 195.55 372.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 238.85 372.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 284.26 372.90 Td (in ) Tj ET Q q 0 0 0 rg BT 294.30 372.90 Td (the ) Tj ET Q q 0 0 0 rg BT 310.14 372.90 Td (countries ) Tj ET Q q 0 0 0 rg BT 351.33 372.90 Td (and ) Tj ET Q q 0 0 0 rg BT 369.81 372.90 Td (regions ) Tj ET Q q 0 0 0 rg BT 403.61 372.90 Td (in ) Tj ET Q q 0 0 0 rg BT 413.64 372.90 Td (which ) Tj ET Q q 0 0 0 rg BT 440.57 372.90 Td (the ) Tj ET Q q 0 0 0 rg BT 456.41 372.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 499.71 372.90 Td (conducts ) Tj ET Q q 0 0 0 rg BT 540.37 372.90 Td (business; ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 361.50 Td (political ) Tj ET Q q 0 0 0 rg BT 66.68 361.50 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 112.45 361.50 Td (, ) Tj ET Q q 0 0 0 rg BT 118.58 361.50 Td (including ) Tj ET Q q 0 0 0 rg BT 159.58 361.50 Td (actions ) Tj ET Q q 0 0 0 rg BT 193.18 361.50 Td (of ) Tj ET Q q 0 0 0 rg BT 204.60 361.50 Td (or ) Tj ET Q q 0 0 0 rg BT 216.54 361.50 Td (against ) Tj ET Q q 0 0 0 rg BT 250.68 361.50 Td (terrorists, ) Tj ET Q q 0 0 0 rg BT 293.76 361.50 Td (insurgent ) Tj ET Q q 0 0 0 rg BT 336.34 361.50 Td (groups ) Tj ET Q q 0 0 0 rg BT 368.88 361.50 Td (or ) Tj ET Q q 0 0 0 rg BT 380.83 361.50 Td (other ) Tj ET Q q 0 0 0 rg BT 405.98 361.50 Td (conflict ) Tj ET Q q 0 0 0 rg BT 439.04 361.50 Td (including ) Tj ET Q q 0 0 0 rg BT 480.04 361.50 Td (conflict ) Tj ET Q q 0 0 0 rg BT 513.11 361.50 Td (between ) Tj ET Q q 0 0 0 rg BT 552.52 361.50 Td (states; ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 350.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 67.04 350.10 Td (capacity; ) Tj ET Q q 0 0 0 rg BT 106.81 350.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 133.38 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.57 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.06 350.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.99 350.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.19 350.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 258.29 350.10 Td (its ) Tj ET Q q 0 0 0 rg BT 270.07 350.10 Td (business ) Tj ET Q q 0 0 0 rg BT 309.84 350.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 342.93 350.10 Td (, ) Tj ET Q q 0 0 0 rg BT 347.85 350.10 Td (including ) Tj ET Q q 0 0 0 rg BT 387.62 350.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 436.38 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.50 350.10 Td (development ) Tj ET Q q 0 0 0 rg BT 511.18 350.10 Td (activities; ) Tj ET Q q 0 0 0 rg BT 552.53 350.10 Td (impact ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 338.70 Td (of ) Tj ET Q q 0 0 0 rg BT 41.20 338.70 Td (competition; ) Tj ET Q q 0 0 0 rg BT 94.20 338.70 Td (the ) Tj ET Q q 0 0 0 rg BT 109.19 338.70 Td (Company) Tj ET Q q 0 0 0 rg BT 151.78 338.70 Td (s ) Tj ET Q q 0 0 0 rg BT 158.31 338.70 Td (defense ) Tj ET Q q 0 0 0 rg BT 193.90 338.70 Td (of ) Tj ET Q q 0 0 0 rg BT 203.60 338.70 Td (lawsuits; ) Tj ET Q q 0 0 0 rg BT 241.80 338.70 Td (availability ) Tj ET Q q 0 0 0 rg BT 287.41 338.70 Td (and ) Tj ET Q q 0 0 0 rg BT 305.04 338.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 324.24 338.70 Td (of ) Tj ET Q q 0 0 0 rg BT 333.94 338.70 Td (seismic, ) Tj ET Q q 0 0 0 rg BT 370.02 338.70 Td (drilling ) Tj ET Q q 0 0 0 rg BT 399.26 338.70 Td (and ) Tj ET Q q 0 0 0 rg BT 416.89 338.70 Td (other ) Tj ET Q q 0 0 0 rg BT 440.32 338.70 Td (equipment; ) Tj ET Q q 0 0 0 rg BT 489.10 338.70 Td (ability ) Tj ET Q q 0 0 0 rg BT 515.17 338.70 Td (of ) Tj ET Q q 0 0 0 rg BT 524.87 338.70 Td (the ) Tj ET Q q 0 0 0 rg BT 539.86 338.70 Td (Company ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 327.30 Td (and ) Tj ET Q q 0 0 0 rg BT 50.26 327.30 Td (its ) Tj ET Q q 0 0 0 rg BT 62.67 327.30 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 115.74 327.30 Td (to ) Tj ET Q q 0 0 0 rg BT 126.57 327.30 Td (complete ) Tj ET Q q 0 0 0 rg BT 168.03 327.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 198.40 327.30 Td (programs; ) Tj ET Q q 0 0 0 rg BT 244.07 327.30 Td (the ) Tj ET Q q 0 0 0 rg BT 260.18 327.30 Td (Company) Tj ET Q q 0 0 0 rg BT 302.78 327.30 Td (s ) Tj ET Q q 0 0 0 rg BT 310.44 327.30 Td (and ) Tj ET Q q 0 0 0 rg BT 329.20 327.30 Td (its ) Tj ET Q q 0 0 0 rg BT 341.61 327.30 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 393.53 327.30 Td ( ) Tj ET Q q 0 0 0 rg BT 396.44 327.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 423.64 327.30 Td (to ) Tj ET Q q 0 0 0 rg BT 434.47 327.30 Td (secure ) Tj ET Q q 0 0 0 rg BT 465.89 327.30 Td (adequate ) Tj ET Q q 0 0 0 rg BT 508.42 327.30 Td (transportation ) Tj ET Q q 0 0 0 rg BT 569.42 327.30 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 315.90 Td (its ) Tj ET Q q 0 0 0 rg BT 44.11 315.90 Td (products; ) Tj ET Q q 0 0 0 rg BT 86.29 315.90 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 138.52 315.90 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 187.57 315.90 Td (or ) Tj ET Q q 0 0 0 rg BT 199.13 315.90 Td (delays ) Tj ET Q q 0 0 0 rg BT 229.69 315.90 Td (in ) Tj ET Q q 0 0 0 rg BT 240.20 315.90 Td (the ) Tj ET Q q 0 0 0 rg BT 256.51 315.90 Td (resumption ) Tj ET Q q 0 0 0 rg BT 306.61 315.90 Td (of ) Tj ET Q q 0 0 0 rg BT 317.64 315.90 Td (the ) Tj ET Q q 0 0 0 rg BT 333.96 315.90 Td (mining, ) Tj ET Q q 0 0 0 rg BT 367.69 315.90 Td (extracting ) Tj ET Q q 0 0 0 rg BT 411.98 315.90 Td (or ) Tj ET Q q 0 0 0 rg BT 423.54 315.90 Td (upgrading ) Tj ET Q q 0 0 0 rg BT 468.90 315.90 Td (of ) Tj ET Q q 0 0 0 rg BT 479.93 315.90 Td (the ) Tj ET Q q 0 0 0 rg BT 496.25 315.90 Td (Company) Tj ET Q q 0 0 0 rg BT 538.84 315.90 Td (s ) Tj ET Q q 0 0 0 rg BT 546.70 315.90 Td (bitumen ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 304.50 Td (products; ) Tj ET Q q 0 0 0 rg BT 73.26 304.50 Td (potential ) Tj ET Q q 0 0 0 rg BT 111.87 304.50 Td (delays ) Tj ET Q q 0 0 0 rg BT 142.02 304.50 Td (or ) Tj ET Q q 0 0 0 rg BT 153.15 304.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 191.75 304.50 Td (in ) Tj ET Q q 0 0 0 rg BT 201.84 304.50 Td (plans ) Tj ET Q q 0 0 0 rg BT 227.23 304.50 Td (with ) Tj ET Q q 0 0 0 rg BT 246.81 304.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 280.65 304.50 Td (to ) Tj ET Q q 0 0 0 rg BT 291.26 304.50 Td (exploration ) Tj ET Q q 0 0 0 rg BT 340.43 304.50 Td (or ) Tj ET Q q 0 0 0 rg BT 351.56 304.50 Td (development ) Tj ET Q q 0 0 0 rg BT 408.65 304.50 Td (projects ) Tj ET Q q 0 0 0 rg BT 444.60 304.50 Td (or ) Tj ET Q q 0 0 0 rg BT 455.73 304.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 485.88 304.50 Td (expenditures; ) Tj ET Q q 0 0 0 rg BT 545.60 304.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 572.58 304.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 47.13 293.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.20 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.54 293.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 129.36 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.99 293.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 190.70 293.10 Td (labour ) Tj ET Q q 0 0 0 rg BT 219.53 293.10 Td (required ) Tj ET Q q 0 0 0 rg BT 256.80 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.15 293.10 Td (build ) Tj ET Q q 0 0 0 rg BT 289.64 293.10 Td (its ) Tj ET Q q 0 0 0 rg BT 301.55 293.10 Td (thermal ) Tj ET Q q 0 0 0 rg BT 335.65 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.92 293.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 365.84 293.10 Td (sands ) Tj ET Q q 0 0 0 rg BT 393.61 293.10 Td (mining ) Tj ET Q q 0 0 0 rg BT 424.02 293.10 Td (projects; ) Tj ET Q q 0 0 0 rg BT 462.34 293.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 504.37 293.10 Td (hazards ) Tj ET Q q 0 0 0 rg BT 540.59 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 558.86 293.10 Td (other ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 281.70 Td (dif) Tj ET Q q 0 0 0 rg BT 41.36 281.70 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 75.63 281.70 Td (inherent ) Tj ET Q q 0 0 0 rg BT 112.54 281.70 Td (in ) Tj ET Q q 0 0 0 rg BT 122.52 281.70 Td (the ) Tj ET Q q 0 0 0 rg BT 138.32 281.70 Td (exploration ) Tj ET Q q 0 0 0 rg BT 187.38 281.70 Td (for ) Tj ET Q q 0 0 0 rg BT 201.05 281.70 Td (and ) Tj ET Q q 0 0 0 rg BT 219.49 281.70 Td (production ) Tj ET Q q 0 0 0 rg BT 266.44 281.70 Td (and ) Tj ET Q q 0 0 0 rg BT 284.88 281.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 304.89 281.70 Td (of ) Tj ET Q q 0 0 0 rg BT 315.40 281.70 Td (crude ) Tj ET Q q 0 0 0 rg BT 341.75 281.70 Td (oil ) Tj ET Q q 0 0 0 rg BT 353.84 281.70 Td (and ) Tj ET Q q 0 0 0 rg BT 372.28 281.70 Td (natural ) Tj ET Q q 0 0 0 rg BT 403.91 281.70 Td (gas ) Tj ET Q q 0 0 0 rg BT 421.81 281.70 Td (and ) Tj ET Q q 0 0 0 rg BT 440.25 281.70 Td (in ) Tj ET Q q 0 0 0 rg BT 450.23 281.70 Td (mining, ) Tj ET Q q 0 0 0 rg BT 483.44 281.70 Td (extracting ) Tj ET Q q 0 0 0 rg BT 527.22 281.70 Td (or ) Tj ET Q q 0 0 0 rg BT 538.25 281.70 Td (upgrading ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 270.30 Td (the ) Tj ET Q q 0 0 0 rg BT 47.50 270.30 Td (Company) Tj ET Q q 0 0 0 rg BT 90.10 270.30 Td (s ) Tj ET Q q 0 0 0 rg BT 97.64 270.30 Td (bitumen ) Tj ET Q q 0 0 0 rg BT 134.23 270.30 Td (products; ) Tj ET Q q 0 0 0 rg BT 176.10 270.30 Td (availability ) Tj ET Q q 0 0 0 rg BT 222.73 270.30 Td (and ) Tj ET Q q 0 0 0 rg BT 241.37 270.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 261.59 270.30 Td (of ) Tj ET Q q 0 0 0 rg BT 272.30 270.30 Td (financing; ) Tj ET Q q 0 0 0 rg BT 315.76 270.30 Td (the ) Tj ET Q q 0 0 0 rg BT 331.76 270.30 Td (Company) Tj ET Q q 0 0 0 rg BT 374.36 270.30 Td (s ) Tj ET Q q 0 0 0 rg BT 381.91 270.30 Td (and ) Tj ET Q q 0 0 0 rg BT 400.55 270.30 Td (its ) Tj ET Q q 0 0 0 rg BT 412.84 270.30 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 464.77 270.30 Td ( ) Tj ET Q q 0 0 0 rg BT 467.56 270.30 Td (success ) Tj ET Q q 0 0 0 rg BT 504.67 270.30 Td (of ) Tj ET Q q 0 0 0 rg BT 515.39 270.30 Td (exploration ) Tj ET Q q 0 0 0 rg BT 564.66 270.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 258.90 Td (development ) Tj ET Q q 0 0 0 rg BT 88.34 258.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 127.22 258.90 Td (and ) Tj ET Q q 0 0 0 rg BT 145.51 258.90 Td (its ) Tj ET Q q 0 0 0 rg BT 157.46 258.90 Td (ability ) Tj ET Q q 0 0 0 rg BT 184.19 258.90 Td (to ) Tj ET Q q 0 0 0 rg BT 194.56 258.90 Td (replace ) Tj ET Q q 0 0 0 rg BT 228.16 258.90 Td (and ) Tj ET Q q 0 0 0 rg BT 246.45 258.90 Td (expand ) Tj ET Q q 0 0 0 rg BT 280.07 258.90 Td (crude ) Tj ET Q q 0 0 0 rg BT 306.28 258.90 Td (oil ) Tj ET Q q 0 0 0 rg BT 318.22 258.90 Td (and ) Tj ET Q q 0 0 0 rg BT 336.52 258.90 Td (natural ) Tj ET Q q 0 0 0 rg BT 368.01 258.90 Td (gas ) Tj ET Q q 0 0 0 rg BT 385.77 258.90 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 427.29 258.90 Td (timing ) Tj ET Q q 0 0 0 rg BT 455.07 258.90 Td (and ) Tj ET Q q 0 0 0 rg BT 473.37 258.90 Td (success ) Tj ET Q q 0 0 0 rg BT 510.13 258.90 Td (of ) Tj ET Q q 0 0 0 rg BT 520.49 258.90 Td (integrating ) Tj ET Q q 0 0 0 rg BT 567.31 258.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 247.50 Td (business ) Tj ET Q q 0 0 0 rg BT 72.18 247.50 Td (and ) Tj ET Q q 0 0 0 rg BT 91.22 247.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 138.78 247.50 Td (of ) Tj ET Q q 0 0 0 rg BT 149.89 247.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 189.52 247.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 238.65 247.50 Td (and ) Tj ET Q q 0 0 0 rg BT 257.69 247.50 Td (assets; ) Tj ET Q q 0 0 0 rg BT 290.98 247.50 Td (production ) Tj ET Q q 0 0 0 rg BT 338.53 247.50 Td (levels; ) Tj ET Q q 0 0 0 rg BT 368.65 247.50 Td (imprecision ) Tj ET Q q 0 0 0 rg BT 419.88 247.50 Td (of ) Tj ET Q q 0 0 0 rg BT 430.99 247.50 Td (reserve ) Tj ET Q q 0 0 0 rg BT 465.86 247.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 509.70 247.50 Td (and ) Tj ET Q q 0 0 0 rg BT 528.74 247.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 572.59 247.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 236.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 84.42 236.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 128.37 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.57 236.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 166.62 236.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 182.04 236.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 214.37 236.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 232.97 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.10 236.10 Td (NGLs ) Tj ET Q q 0 0 0 rg BT 279.67 236.10 Td (not ) Tj ET Q q 0 0 0 rg BT 296.15 236.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 335.86 236.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 378.22 236.10 Td (as ) Tj ET Q q 0 0 0 rg BT 391.53 236.10 Td (proved; ) Tj ET Q q 0 0 0 rg BT 426.50 236.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 459.88 236.10 Td (by ) Tj ET Q q 0 0 0 rg BT 473.19 236.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 534.04 236.10 Td (authorities; ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 224.70 Td (government ) Tj ET Q q 0 0 0 rg BT 83.60 224.70 Td (regulations ) Tj ET Q q 0 0 0 rg BT 132.01 224.70 Td (and ) Tj ET Q q 0 0 0 rg BT 149.80 224.70 Td (the ) Tj ET Q q 0 0 0 rg BT 164.94 224.70 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 221.27 224.70 Td (required ) Tj ET Q q 0 0 0 rg BT 258.06 224.70 Td (to ) Tj ET Q q 0 0 0 rg BT 267.92 224.70 Td (comply ) Tj ET Q q 0 0 0 rg BT 299.94 224.70 Td (with ) Tj ET Q q 0 0 0 rg BT 318.77 224.70 Td (them ) Tj ET Q q 0 0 0 rg BT 341.82 224.70 Td (\(especially ) Tj ET Q q 0 0 0 rg BT 388.64 224.70 Td (safety ) Tj ET Q q 0 0 0 rg BT 415.92 224.70 Td (and ) Tj ET Q q 0 0 0 rg BT 433.70 224.70 Td (environmental ) Tj ET Q q 0 0 0 rg BT 495.31 224.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 516.25 224.70 Td (and ) Tj ET Q q 0 0 0 rg BT 534.03 224.70 Td (regulations ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 213.30 Td (and ) Tj ET Q q 0 0 0 rg BT 50.97 213.30 Td (the ) Tj ET Q q 0 0 0 rg BT 67.79 213.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 99.39 213.30 Td (of ) Tj ET Q q 0 0 0 rg BT 110.92 213.30 Td (climate ) Tj ET Q q 0 0 0 rg BT 144.63 213.30 Td (change ) Tj ET Q q 0 0 0 rg BT 179.42 213.30 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 222.10 213.30 Td (on ) Tj ET Q q 0 0 0 rg BT 236.29 213.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 267.36 213.30 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 325.38 213.30 Td (and ) Tj ET Q q 0 0 0 rg BT 344.85 213.30 Td (production ) Tj ET Q q 0 0 0 rg BT 392.83 213.30 Td (expenses\); ) Tj ET Q q 0 0 0 rg BT 442.91 213.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 469.24 213.30 Td (retirement ) Tj ET Q q 0 0 0 rg BT 515.62 213.30 Td (obligations; ) Tj ET Q q 0 0 0 rg BT 567.30 213.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 201.90 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 75.34 201.90 Td (of ) Tj ET Q q 0 0 0 rg BT 85.90 201.90 Td (the ) Tj ET Q q 0 0 0 rg BT 101.75 201.90 Td (Company) Tj ET Q q 0 0 0 rg BT 144.35 201.90 Td (s ) Tj ET Q q 0 0 0 rg BT 151.74 201.90 Td (provision ) Tj ET Q q 0 0 0 rg BT 192.40 201.90 Td (for ) Tj ET Q q 0 0 0 rg BT 206.13 201.90 Td (taxes; ) Tj ET Q q 0 0 0 rg BT 234.11 201.90 Td (and ) Tj ET Q q 0 0 0 rg BT 252.60 201.90 Td (other ) Tj ET Q q 0 0 0 rg BT 276.90 201.90 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 340.25 201.90 Td (af) Tj ET Q q 0 0 0 rg BT 348.00 201.90 Td (fecting ) Tj ET Q q 0 0 0 rg BT 378.63 201.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 420.35 201.90 Td (and ) Tj ET Q q 0 0 0 rg BT 438.84 201.90 Td (expenses.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 190.50 Td (The ) Tj ET Q q 0 0 0 rg BT 49.79 190.50 Td (Company) Tj ET Q q 0 0 0 rg BT 92.39 190.50 Td (s ) Tj ET Q q 0 0 0 rg BT 99.06 190.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 145.35 190.50 Td (have ) Tj ET Q q 0 0 0 rg BT 167.87 190.50 Td (been, ) Tj ET Q q 0 0 0 rg BT 193.57 190.50 Td (and ) Tj ET Q q 0 0 0 rg BT 211.34 190.50 Td (in ) Tj ET Q q 0 0 0 rg BT 220.66 190.50 Td (the ) Tj ET Q q 0 0 0 rg BT 235.79 190.50 Td (future ) Tj ET Q q 0 0 0 rg BT 262.00 190.50 Td (may ) Tj ET Q q 0 0 0 rg BT 281.87 190.50 Td (be, ) Tj ET Q q 0 0 0 rg BT 297.00 190.50 Td (af) Tj ET Q q 0 0 0 rg BT 304.75 190.50 Td (fected ) Tj ET Q q 0 0 0 rg BT 332.56 190.50 Td (by ) Tj ET Q q 0 0 0 rg BT 344.51 190.50 Td (political ) Tj ET Q q 0 0 0 rg BT 378.12 190.50 Td (developments ) Tj ET Q q 0 0 0 rg BT 439.19 190.50 Td (and ) Tj ET Q q 0 0 0 rg BT 456.96 190.50 Td (by ) Tj ET Q q 0 0 0 rg BT 468.92 190.50 Td (national, ) Tj ET Q q 0 0 0 rg BT 506.76 190.50 Td (federal, ) Tj ET Q q 0 0 0 rg BT 540.37 190.50 Td (provincial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 51.77 179.10 Td (local ) Tj ET Q q 0 0 0 rg BT 75.72 179.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 99.14 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.41 179.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 170.30 179.10 Td (such ) Tj ET Q q 0 0 0 rg BT 194.79 179.10 Td (as ) Tj ET Q q 0 0 0 rg BT 209.24 179.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 259.58 179.10 Td (on ) Tj ET Q q 0 0 0 rg BT 274.57 179.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 325.99 179.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 366.32 179.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.13 179.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 407.90 179.10 Td (royalties ) Tj ET Q q 0 0 0 rg BT 447.69 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.95 179.10 Td (other ) Tj ET Q q 0 0 0 rg BT 494.02 179.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 534.88 179.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 572.57 179.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 167.70 Td (governments ) Tj ET Q q 0 0 0 rg BT 89.68 167.70 Td (or ) Tj ET Q q 0 0 0 rg BT 101.38 167.70 Td (governmental ) Tj ET Q q 0 0 0 rg BT 162.20 167.70 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 206.13 167.70 Td (price ) Tj ET Q q 0 0 0 rg BT 229.98 167.70 Td (or ) Tj ET Q q 0 0 0 rg BT 241.69 167.70 Td (gathering ) Tj ET Q q 0 0 0 rg BT 284.56 167.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 304.19 167.70 Td (controls ) Tj ET Q q 0 0 0 rg BT 340.71 167.70 Td (and ) Tj ET Q q 0 0 0 rg BT 359.82 167.70 Td (environmental ) Tj ET Q q 0 0 0 rg BT 422.76 167.70 Td (protection ) Tj ET Q q 0 0 0 rg BT 467.74 167.70 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 520.11 167.70 Td (Should ) Tj ET Q q 0 0 0 rg BT 552.95 167.70 Td (one ) Tj ET Q q 0 0 0 rg BT 572.06 167.70 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 156.30 Td (more ) Tj ET Q q 0 0 0 rg BT 55.26 156.30 Td (of ) Tj ET Q q 0 0 0 rg BT 65.30 156.30 Td (these ) Tj ET Q q 0 0 0 rg BT 90.65 156.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 112.29 156.30 Td (or ) Tj ET Q q 0 0 0 rg BT 122.85 156.30 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 178.83 156.30 Td (materialize, ) Tj ET Q q 0 0 0 rg BT 229.52 156.30 Td (or ) Tj ET Q q 0 0 0 rg BT 240.08 156.30 Td (should ) Tj ET Q q 0 0 0 rg BT 270.19 156.30 Td (any ) Tj ET Q q 0 0 0 rg BT 287.62 156.30 Td (of ) Tj ET Q q 0 0 0 rg BT 297.66 156.30 Td (the ) Tj ET Q q 0 0 0 rg BT 312.98 156.30 Td (Company) Tj ET Q q 0 0 0 rg BT 355.57 156.30 Td (s ) Tj ET Q q 0 0 0 rg BT 362.44 156.30 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 417.88 156.30 Td (prove ) Tj ET Q q 0 0 0 rg BT 443.76 156.30 Td (incorrect, ) Tj ET Q q 0 0 0 rg BT 484.95 156.30 Td (actual ) Tj ET Q q 0 0 0 rg BT 512.41 156.30 Td (results ) Tj ET Q q 0 0 0 rg BT 542.51 156.30 Td (may ) Tj ET Q q 0 0 0 rg BT 562.57 156.30 Td (vary ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 144.90 Td (in ) Tj ET Q q 0 0 0 rg BT 42.01 144.90 Td (material ) Tj ET Q q 0 0 0 rg BT 78.91 144.90 Td (respects ) Tj ET Q q 0 0 0 rg BT 117.93 144.90 Td (from ) Tj ET Q q 0 0 0 rg BT 140.04 144.90 Td (those ) Tj ET Q q 0 0 0 rg BT 166.40 144.90 Td (projected ) Tj ET Q q 0 0 0 rg BT 208.59 144.90 Td (in ) Tj ET Q q 0 0 0 rg BT 219.10 144.90 Td (the ) Tj ET Q q 0 0 0 rg BT 235.42 144.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 303.49 144.90 Td (statements. ) Tj ET Q q 0 0 0 rg BT 355.50 144.90 Td (The ) Tj ET Q q 0 0 0 rg BT 374.99 144.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 406.08 144.90 Td (of ) Tj ET Q q 0 0 0 rg BT 417.12 144.90 Td (any ) Tj ET Q q 0 0 0 rg BT 435.55 144.90 Td (one ) Tj ET Q q 0 0 0 rg BT 454.52 144.90 Td (factor ) Tj ET Q q 0 0 0 rg BT 481.39 144.90 Td (on ) Tj ET Q q 0 0 0 rg BT 495.07 144.90 Td (a ) Tj ET Q q 0 0 0 rg BT 503.47 144.90 Td (particular ) Tj ET Q q 0 0 0 rg BT 545.66 144.90 Td (forward-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 133.50 Td (looking ) Tj ET Q q 0 0 0 rg BT 63.99 133.50 Td (statement ) Tj ET Q q 0 0 0 rg BT 108.10 133.50 Td (is ) Tj ET Q q 0 0 0 rg BT 117.35 133.50 Td (not ) Tj ET Q q 0 0 0 rg BT 132.94 133.50 Td (determinable ) Tj ET Q q 0 0 0 rg BT 190.25 133.50 Td (with ) Tj ET Q q 0 0 0 rg BT 209.53 133.50 Td (certainty ) Tj ET Q q 0 0 0 rg BT 247.83 133.50 Td (as ) Tj ET Q q 0 0 0 rg BT 260.25 133.50 Td (such ) Tj ET Q q 0 0 0 rg BT 282.70 133.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 313.60 133.50 Td (are ) Tj ET Q q 0 0 0 rg BT 329.72 133.50 Td (dependent ) Tj ET Q q 0 0 0 rg BT 377.01 133.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 400.54 133.50 Td (other ) Tj ET Q q 0 0 0 rg BT 424.58 133.50 Td (factors, ) Tj ET Q q 0 0 0 rg BT 458.11 133.50 Td (and ) Tj ET Q q 0 0 0 rg BT 476.35 133.50 Td (the ) Tj ET Q q 0 0 0 rg BT 491.95 133.50 Td (Company) Tj ET Q q 0 0 0 rg BT 534.54 133.50 Td (s ) Tj ET Q q 0 0 0 rg BT 541.68 133.50 Td (course ) Tj ET Q q 0 0 0 rg BT 572.58 133.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 122.10 Td (action ) Tj ET Q q 0 0 0 rg BT 59.49 122.10 Td (would ) Tj ET Q q 0 0 0 rg BT 86.95 122.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 121.30 122.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 145.07 122.10 Td (its ) Tj ET Q q 0 0 0 rg BT 157.21 122.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 210.54 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.10 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.95 122.10 Td (future ) Tj ET Q q 0 0 0 rg BT 263.88 122.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 315.11 122.10 Td (all ) Tj ET Q q 0 0 0 rg BT 327.25 122.10 Td (information ) Tj ET Q q 0 0 0 rg BT 376.89 122.10 Td (then ) Tj ET Q q 0 0 0 rg BT 398.02 122.10 Td (available. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 110.70 Td (Readers ) Tj ET Q q 0 0 0 rg BT 70.76 110.70 Td (are ) Tj ET Q q 0 0 0 rg BT 87.84 110.70 Td (cautioned ) Tj ET Q q 0 0 0 rg BT 132.40 110.70 Td (that ) Tj ET Q q 0 0 0 rg BT 151.59 110.70 Td (the ) Tj ET Q q 0 0 0 rg BT 168.15 110.70 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 211.12 110.70 Td (list ) Tj ET Q q 0 0 0 rg BT 226.08 110.70 Td (of ) Tj ET Q q 0 0 0 rg BT 237.36 110.70 Td (factors ) Tj ET Q q 0 0 0 rg BT 269.22 110.70 Td (is ) Tj ET Q q 0 0 0 rg BT 279.43 110.70 Td (not ) Tj ET Q q 0 0 0 rg BT 295.99 110.70 Td (exhaustive. ) Tj ET Q q 0 0 0 rg BT 347.40 110.70 Td (Unpredictable ) Tj ET Q q 0 0 0 rg BT 409.37 110.70 Td (or ) Tj ET Q q 0 0 0 rg BT 421.17 110.70 Td (unknown ) Tj ET Q q 0 0 0 rg BT 462.55 110.70 Td (factors ) Tj ET Q q 0 0 0 rg BT 494.41 110.70 Td (not ) Tj ET Q q 0 0 0 rg BT 510.97 110.70 Td (discussed ) Tj ET Q q 0 0 0 rg BT 556.56 110.70 Td (in ) Tj ET Q q 0 0 0 rg BT 567.31 110.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 99.30 Td (Company's ) Tj ET Q q 0 0 0 rg BT 81.18 99.30 Td (MD&A) Tj ET Q q 0 0 0 rg BT 108.10 99.30 Td ( ) Tj ET Q q 0 0 0 rg BT 110.56 99.30 Td (could ) Tj ET Q q 0 0 0 rg BT 135.73 99.30 Td (also ) Tj ET Q q 0 0 0 rg BT 155.61 99.30 Td (have ) Tj ET Q q 0 0 0 rg BT 178.67 99.30 Td (material ) Tj ET Q q 0 0 0 rg BT 214.92 99.30 Td (adverse ) Tj ET Q q 0 0 0 rg BT 251.17 99.30 Td (ef) Tj ET Q q 0 0 0 rg BT 258.92 99.30 Td (fects ) Tj ET Q q 0 0 0 rg BT 281.44 99.30 Td (on ) Tj ET Q q 0 0 0 rg BT 294.47 99.30 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 361.87 99.30 Td (statements. ) Tj ET Q q 0 0 0 rg BT 412.95 99.30 Td (Although ) Tj ET Q q 0 0 0 rg BT 452.91 99.30 Td (the ) Tj ET Q q 0 0 0 rg BT 468.57 99.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 511.69 99.30 Td (believes ) Tj ET Q q 0 0 0 rg BT 549.00 99.30 Td (that ) Tj ET Q q 0 0 0 rg BT 567.30 99.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 87.90 Td (expectations ) Tj ET Q q 0 0 0 rg BT 86.44 87.90 Td (conveyed ) Tj ET Q q 0 0 0 rg BT 128.71 87.90 Td (by ) Tj ET Q q 0 0 0 rg BT 140.34 87.90 Td (the ) Tj ET Q q 0 0 0 rg BT 155.15 87.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 221.70 87.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 269.77 87.90 Td (are ) Tj ET Q q 0 0 0 rg BT 285.10 87.90 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 333.71 87.90 Td (based ) Tj ET Q q 0 0 0 rg BT 361.19 87.90 Td (on ) Tj ET Q q 0 0 0 rg BT 373.36 87.90 Td (information ) Tj ET Q q 0 0 0 rg BT 421.95 87.90 Td (available ) Tj ET Q q 0 0 0 rg BT 461.05 87.90 Td (to ) Tj ET Q q 0 0 0 rg BT 470.58 87.90 Td (it ) Tj ET Q q 0 0 0 rg BT 476.93 87.90 Td (on ) Tj ET Q q 0 0 0 rg BT 489.09 87.90 Td (the ) Tj ET Q q 0 0 0 rg BT 503.90 87.90 Td (date ) Tj ET Q q 0 0 0 rg BT 523.99 87.90 Td (such ) Tj ET Q q 0 0 0 rg BT 545.66 87.90 Td (forward-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 76.50 Td (looking ) Tj ET Q q 0 0 0 rg BT 64.46 76.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 113.78 76.50 Td (are ) Tj ET Q q 0 0 0 rg BT 130.37 76.50 Td (made, ) Tj ET Q q 0 0 0 rg BT 159.62 76.50 Td (no ) Tj ET Q q 0 0 0 rg BT 173.04 76.50 Td (assurances ) Tj ET Q q 0 0 0 rg BT 224.48 76.50 Td (can ) Tj ET Q q 0 0 0 rg BT 242.65 76.50 Td (be ) Tj ET Q q 0 0 0 rg BT 256.07 76.50 Td (given ) Tj ET Q q 0 0 0 rg BT 281.64 76.50 Td (as ) Tj ET Q q 0 0 0 rg BT 294.52 76.50 Td (to ) Tj ET Q q 0 0 0 rg BT 305.30 76.50 Td (future ) Tj ET Q q 0 0 0 rg BT 332.45 76.50 Td (results, ) Tj ET Q q 0 0 0 rg BT 365.92 76.50 Td (levels ) Tj ET Q q 0 0 0 rg BT 393.07 76.50 Td (of ) Tj ET Q q 0 0 0 rg BT 403.84 76.50 Td (activity ) Tj ET Q q 0 0 0 rg BT 435.73 76.50 Td (and ) Tj ET Q q 0 0 0 rg BT 454.44 76.50 Td (achievements. ) Tj ET Q q 0 0 0 rg BT 517.98 76.50 Td (All ) Tj ET Q q 0 0 0 rg BT 531.39 76.50 Td (subsequent ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 65.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 98.37 65.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 149.40 65.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 185.13 65.10 Td (written ) Tj ET Q q 0 0 0 rg BT 215.03 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 225.41 65.10 Td (oral, ) Tj ET Q q 0 0 0 rg BT 245.81 65.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 294.74 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.59 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.72 65.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 362.30 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 372.68 65.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 408.40 65.10 Td (acting ) Tj ET Q q 0 0 0 rg BT 435.67 65.10 Td (on ) Tj ET Q q 0 0 0 rg BT 448.17 65.10 Td (its ) Tj ET Q q 0 0 0 rg BT 459.59 65.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 487.40 65.10 Td (are ) Tj ET Q q 0 0 0 rg BT 503.06 65.10 Td (expressly ) Tj ET Q q 0 0 0 rg BT 545.11 65.10 Td (qualified ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 53.70 Td (in ) Tj ET Q q 0 0 0 rg BT 41.13 53.70 Td (their ) Tj ET Q q 0 0 0 rg BT 61.85 53.70 Td (entirety ) Tj ET Q q 0 0 0 rg BT 95.25 53.70 Td (by ) Tj ET Q q 0 0 0 rg BT 107.52 53.70 Td (these ) Tj ET Q q 0 0 0 rg BT 133.00 53.70 Td (cautionary ) Tj ET Q q 0 0 0 rg BT 179.07 53.70 Td (statements. ) Tj ET Q q 0 0 0 rg BT 230.42 53.70 Td (Except ) Tj ET Q q 0 0 0 rg BT 261.70 53.70 Td (as ) Tj ET Q q 0 0 0 rg BT 273.97 53.70 Td (required ) Tj ET Q q 0 0 0 rg BT 311.07 53.70 Td (by ) Tj ET Q q 0 0 0 rg BT 323.34 53.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 368.36 53.70 Td (law) Tj ET Q q 0 0 0 rg BT 382.09 53.70 Td (, ) Tj ET Q q 0 0 0 rg BT 386.97 53.70 Td (the ) Tj ET Q q 0 0 0 rg BT 402.42 53.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 445.31 53.70 Td (assumes ) Tj ET Q q 0 0 0 rg BT 485.57 53.70 Td (no ) Tj ET Q q 0 0 0 rg BT 498.37 53.70 Td (obligation ) Tj ET Q q 0 0 0 rg BT 541.29 53.70 Td (to ) Tj ET Q q 0 0 0 rg BT 551.45 53.70 Td (update ) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 23.75 29.40 Td (Canadian Natural Resources Limited) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.20 29.40 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.20 29.40 Td (Press Release) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 749.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 99.15 749.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 150.95 749.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 187.45 749.10 Td (as ) Tj ET Q q 0 0 0 rg BT 200.18 749.10 Td (a ) Tj ET Q q 0 0 0 rg BT 208.16 749.10 Td (result ) Tj ET Q q 0 0 0 rg BT 234.09 749.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.71 749.10 Td (new ) Tj ET Q q 0 0 0 rg BT 264.84 749.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 317.17 749.10 Td (future ) Tj ET Q q 0 0 0 rg BT 344.16 749.10 Td (events ) Tj ET Q q 0 0 0 rg BT 374.85 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 386.00 749.10 Td (other ) Tj ET Q q 0 0 0 rg BT 410.35 749.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 444.20 749.10 Td (or ) Tj ET Q q 0 0 0 rg BT 455.34 749.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.25 749.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 513.56 749.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 544.77 749.10 Td (af) Tj ET Q q 0 0 0 rg BT 552.52 749.10 Td (fecting ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 737.70 Td (this ) Tj ET Q q 0 0 0 rg BT 48.92 737.70 Td (information, ) Tj ET Q q 0 0 0 rg BT 101.20 737.70 Td (should ) Tj ET Q q 0 0 0 rg BT 131.83 737.70 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 195.19 737.70 Td (or ) Tj ET Q q 0 0 0 rg BT 206.27 737.70 Td (the ) Tj ET Q q 0 0 0 rg BT 222.12 737.70 Td (Company) Tj ET Q q 0 0 0 rg BT 264.72 737.70 Td (s ) Tj ET Q q 0 0 0 rg BT 272.11 737.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 315.40 737.70 Td (or ) Tj ET Q q 0 0 0 rg BT 326.49 737.70 Td (opinions ) Tj ET Q q 0 0 0 rg BT 364.52 737.70 Td (change.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 31.50 714.90 Td (Special Note Regarding Currency) Tj ET Q q 0 0 0 rg BT 181.79 714.90 Td (, Production and Non-GAAP) Tj ET Q q 0 0 0 rg BT 308.28 714.90 Td ( Financial Measures) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 703.50 Td (The ) Tj ET Q q 0 0 0 rg BT 50.52 703.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 100.39 703.50 Td (MD&A) Tj ET Q q 0 0 0 rg BT 127.31 703.50 Td ( ) Tj ET Q q 0 0 0 rg BT 129.96 703.50 Td (should ) Tj ET Q q 0 0 0 rg BT 160.60 703.50 Td (be ) Tj ET Q q 0 0 0 rg BT 173.81 703.50 Td (read ) Tj ET Q q 0 0 0 rg BT 195.47 703.50 Td (in ) Tj ET Q q 0 0 0 rg BT 205.51 703.50 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 256.22 703.50 Td (with ) Tj ET Q q 0 0 0 rg BT 275.76 703.50 Td (the ) Tj ET Q q 0 0 0 rg BT 291.61 703.50 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 336.00 703.50 Td (interim ) Tj ET Q q 0 0 0 rg BT 367.15 703.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 423.14 703.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.65 703.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 509.76 703.50 Td (for ) Tj ET Q q 0 0 0 rg BT 523.49 703.50 Td (the ) Tj ET Q q 0 0 0 rg BT 539.34 703.50 Td (three ) Tj ET Q q 0 0 0 rg BT 563.64 703.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 692.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 53.52 692.10 Td (months ) Tj ET Q q 0 0 0 rg BT 88.73 692.10 Td (ended) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 115.15 692.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 119.20 692.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 185.57 692.10 Td (2018) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 206.71 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.76 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.67 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.93 692.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 274.86 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.91 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.82 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.08 692.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 351.30 692.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 408.71 692.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 447.62 692.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 498.14 692.10 Td (for ) Tj ET Q q 0 0 0 rg BT 513.28 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.54 692.10 Td (year ) Tj ET Q q 0 0 0 rg BT 553.08 692.10 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 680.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 93.81 680.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 114.94 680.70 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 669.30 Td (All ) Tj ET Q q 0 0 0 rg BT 44.80 669.30 Td (dollar ) Tj ET Q q 0 0 0 rg BT 70.78 669.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 109.96 669.30 Td (are ) Tj ET Q q 0 0 0 rg BT 126.43 669.30 Td (referenced ) Tj ET Q q 0 0 0 rg BT 174.59 669.30 Td (in ) Tj ET Q q 0 0 0 rg BT 184.73 669.30 Td (millions ) Tj ET Q q 0 0 0 rg BT 219.14 669.30 Td (of ) Tj ET Q q 0 0 0 rg BT 229.81 669.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 273.22 669.30 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 306.59 669.30 Td (except ) Tj ET Q q 0 0 0 rg BT 337.32 669.30 Td (where ) Tj ET Q q 0 0 0 rg BT 365.94 669.30 Td (noted ) Tj ET Q q 0 0 0 rg BT 392.46 669.30 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 438.32 669.30 Td (The ) Tj ET Q q 0 0 0 rg BT 457.43 669.30 Td (Company) Tj ET Q q 0 0 0 rg BT 500.03 669.30 Td (s ) Tj ET Q q 0 0 0 rg BT 507.52 669.30 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 552.00 669.30 Td (interim ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 657.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 87.71 657.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 125.42 657.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 174.75 657.90 Td (for ) Tj ET Q q 0 0 0 rg BT 188.69 657.90 Td (the ) Tj ET Q q 0 0 0 rg BT 204.76 657.90 Td (three ) Tj ET Q q 0 0 0 rg BT 229.27 657.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 247.98 657.90 Td (nine ) Tj ET Q q 0 0 0 rg BT 268.80 657.90 Td (months ) Tj ET Q q 0 0 0 rg BT 302.82 657.90 Td (ended) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.24 657.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.09 657.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 397.27 657.90 Td (2018) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 418.41 657.90 Td ( ) Tj ET Q q 0 0 0 rg BT 421.27 657.90 Td (and ) Tj ET Q q 0 0 0 rg BT 439.98 657.90 Td (the ) Tj ET Q q 0 0 0 rg BT 456.04 657.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 506.12 657.90 Td (MD&A) Tj ET Q q 0 0 0 rg BT 533.05 657.90 Td ( ) Tj ET Q q 0 0 0 rg BT 535.91 657.90 Td (have ) Tj ET Q q 0 0 0 rg BT 559.37 657.90 Td (been ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 646.50 Td (prepared ) Tj ET Q q 0 0 0 rg BT 71.23 646.50 Td (in ) Tj ET Q q 0 0 0 rg BT 80.32 646.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 131.13 646.50 Td (with ) Tj ET Q q 0 0 0 rg BT 149.72 646.50 Td (International ) Tj ET Q q 0 0 0 rg BT 203.71 646.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 243.43 646.50 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 286.32 646.50 Td (Standards ) Tj ET Q q 0 0 0 rg BT 331.32 646.50 Td (\(IFRS\) ) Tj ET Q q 0 0 0 rg BT 367.32 646.50 Td (as ) Tj ET Q q 0 0 0 rg BT 379.05 646.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 408.21 646.50 Td (by ) Tj ET Q q 0 0 0 rg BT 419.94 646.50 Td (the ) Tj ET Q q 0 0 0 rg BT 434.84 646.50 Td (International ) Tj ET Q q 0 0 0 rg BT 488.49 646.50 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 537.19 646.50 Td (Standards ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 635.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 59.84 635.10 Td (\("IASB"\). ) Tj ET Q q 0 0 0 rg BT 99.99 635.10 Td (The ) Tj ET Q q 0 0 0 rg BT 119.35 635.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 169.56 635.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 196.48 635.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.47 635.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 237.31 635.10 Td (references ) Tj ET Q q 0 0 0 rg BT 285.18 635.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.09 635.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 333.93 635.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 378.63 635.10 Td (commonly ) Tj ET Q q 0 0 0 rg BT 424.91 635.10 Td (used ) Tj ET Q q 0 0 0 rg BT 448.49 635.10 Td (in ) Tj ET Q q 0 0 0 rg BT 458.88 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.07 635.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 501.82 635.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 514.31 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.15 635.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 565.18 635.10 Td (gas ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 623.70 Td (industry) Tj ET Q q 0 0 0 rg BT 64.06 623.70 Td (, ) Tj ET Q q 0 0 0 rg BT 69.31 623.70 Td (such ) Tj ET Q q 0 0 0 rg BT 91.99 623.70 Td (as: ) Tj ET Q q 0 0 0 rg BT 107.27 623.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 145.80 623.70 Td (net ) Tj ET Q q 0 0 0 rg BT 161.62 623.70 Td (earnings ) Tj ET Q q 0 0 0 rg BT 200.67 623.70 Td (from ) Tj ET Q q 0 0 0 rg BT 222.28 623.70 Td (operations; ) Tj ET Q q 0 0 0 rg BT 271.89 623.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 310.42 623.70 Td (funds ) Tj ET Q q 0 0 0 rg BT 336.27 623.70 Td (flow ) Tj ET Q q 0 0 0 rg BT 355.78 623.70 Td (\(previously ) Tj ET Q q 0 0 0 rg BT 404.32 623.70 Td (referred ) Tj ET Q q 0 0 0 rg BT 440.20 623.70 Td (to ) Tj ET Q q 0 0 0 rg BT 450.73 623.70 Td (as ) Tj ET Q q 0 0 0 rg BT 463.37 623.70 Td (funds ) Tj ET Q q 0 0 0 rg BT 489.22 623.70 Td (flow ) Tj ET Q q 0 0 0 rg BT 508.73 623.70 Td (from ) Tj ET Q q 0 0 0 rg BT 530.34 623.70 Td (operations\); ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 612.30 Td (net ) Tj ET Q q 0 0 0 rg BT 48.48 612.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.71 612.30 Td (expenditures; ) Tj ET Q q 0 0 0 rg BT 140.52 612.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 180.21 612.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 204.05 612.30 Td (production ) Tj ET Q q 0 0 0 rg BT 252.18 612.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 278.13 612.30 Td (and ) Tj ET Q q 0 0 0 rg BT 297.75 612.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 337.44 612.30 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 395.61 612.30 Td (depletion ) Tj ET Q q 0 0 0 rg BT 437.94 612.30 Td (and ) Tj ET Q q 0 0 0 rg BT 457.56 612.30 Td (amortization. ) Tj ET Q q 0 0 0 rg BT 515.47 612.30 Td (These ) Tj ET Q q 0 0 0 rg BT 545.65 612.30 Td (financial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 600.90 Td (measures ) Tj ET Q q 0 0 0 rg BT 76.48 600.90 Td (are ) Tj ET Q q 0 0 0 rg BT 93.48 600.90 Td (not ) Tj ET Q q 0 0 0 rg BT 109.96 600.90 Td (defined ) Tj ET Q q 0 0 0 rg BT 144.40 600.90 Td (by ) Tj ET Q q 0 0 0 rg BT 157.70 600.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 182.61 600.90 Td (and ) Tj ET Q q 0 0 0 rg BT 201.73 600.90 Td (therefore ) Tj ET Q q 0 0 0 rg BT 243.03 600.90 Td (are ) Tj ET Q q 0 0 0 rg BT 260.03 600.90 Td (referred ) Tj ET Q q 0 0 0 rg BT 296.56 600.90 Td (to ) Tj ET Q q 0 0 0 rg BT 307.76 600.90 Td (as ) Tj ET Q q 0 0 0 rg BT 321.06 600.90 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 366.30 600.90 Td ( ) Tj ET Q q 0 0 0 rg BT 369.57 600.90 Td (measures. ) Tj ET Q q 0 0 0 rg BT 416.98 600.90 Td (The ) Tj ET Q q 0 0 0 rg BT 436.62 600.90 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 481.87 600.90 Td ( ) Tj ET Q q 0 0 0 rg BT 485.14 600.90 Td (measures ) Tj ET Q q 0 0 0 rg BT 530.12 600.90 Td (used ) Tj ET Q q 0 0 0 rg BT 553.99 600.90 Td (by ) Tj ET Q q 0 0 0 rg BT 567.29 600.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 589.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 73.94 589.50 Td (may ) Tj ET Q q 0 0 0 rg BT 93.66 589.50 Td (not ) Tj ET Q q 0 0 0 rg BT 108.64 589.50 Td (be ) Tj ET Q q 0 0 0 rg BT 120.98 589.50 Td (comparable ) Tj ET Q q 0 0 0 rg BT 172.40 589.50 Td (to ) Tj ET Q q 0 0 0 rg BT 182.10 589.50 Td (similar ) Tj ET Q q 0 0 0 rg BT 211.32 589.50 Td (measures ) Tj ET Q q 0 0 0 rg BT 254.81 589.50 Td (presented ) Tj ET Q q 0 0 0 rg BT 298.84 589.50 Td (by ) Tj ET Q q 0 0 0 rg BT 310.65 589.50 Td (other ) Tj ET Q q 0 0 0 rg BT 334.08 589.50 Td (companies. ) Tj ET Q q 0 0 0 rg BT 384.32 589.50 Td (The ) Tj ET Q q 0 0 0 rg BT 402.47 589.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 444.90 589.50 Td (uses ) Tj ET Q q 0 0 0 rg BT 466.75 589.50 Td (these ) Tj ET Q q 0 0 0 rg BT 491.76 589.50 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 537.00 589.50 Td ( ) Tj ET Q q 0 0 0 rg BT 538.78 589.50 Td (measures ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 43.19 578.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 82.87 578.10 Td (its ) Tj ET Q q 0 0 0 rg BT 96.14 578.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 155.63 578.10 Td (The ) Tj ET Q q 0 0 0 rg BT 175.76 578.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 221.01 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.77 578.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 270.25 578.10 Td (should ) Tj ET Q q 0 0 0 rg BT 302.01 578.10 Td (not ) Tj ET Q q 0 0 0 rg BT 318.98 578.10 Td (be ) Tj ET Q q 0 0 0 rg BT 333.31 578.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 383.55 578.10 Td (an ) Tj ET Q q 0 0 0 rg BT 397.88 578.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 445.48 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.17 578.10 Td (or ) Tj ET Q q 0 0 0 rg BT 469.38 578.10 Td (more ) Tj ET Q q 0 0 0 rg BT 494.79 578.10 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 545.03 578.10 Td (than ) Tj ET Q q 0 0 0 rg BT 567.29 578.10 Td (net ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 566.70 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 72.91 566.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 95.30 566.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 119.27 566.70 Td (from ) Tj ET Q q 0 0 0 rg BT 140.60 566.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 182.54 566.70 Td (activities, ) Tj ET Q q 0 0 0 rg BT 223.93 566.70 Td (and ) Tj ET Q q 0 0 0 rg BT 242.11 566.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 264.50 566.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 288.47 566.70 Td (from ) Tj ET Q q 0 0 0 rg BT 309.80 566.70 Td (investing ) Tj ET Q q 0 0 0 rg BT 349.62 566.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 388.37 566.70 Td (as ) Tj ET Q q 0 0 0 rg BT 400.73 566.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 450.59 566.70 Td (in ) Tj ET Q q 0 0 0 rg BT 460.31 566.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 511.75 566.70 Td (with ) Tj ET Q q 0 0 0 rg BT 530.97 566.70 Td (IFRS, ) Tj ET Q q 0 0 0 rg BT 557.57 566.70 Td (as ) Tj ET Q q 0 0 0 rg BT 569.93 566.70 Td (an ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 555.30 Td (indication ) Tj ET Q q 0 0 0 rg BT 73.21 555.30 Td (of ) Tj ET Q q 0 0 0 rg BT 82.71 555.30 Td (the ) Tj ET Q q 0 0 0 rg BT 97.49 555.30 Td (Company's ) Tj ET Q q 0 0 0 rg BT 146.29 555.30 Td (performance. ) Tj ET Q q 0 0 0 rg BT 203.73 555.30 Td (The ) Tj ET Q q 0 0 0 rg BT 221.68 555.30 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 266.92 555.30 Td ( ) Tj ET Q q 0 0 0 rg BT 268.49 555.30 Td (measure ) Tj ET Q q 0 0 0 rg BT 307.03 555.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 344.52 555.30 Td (net ) Tj ET Q q 0 0 0 rg BT 359.30 555.30 Td (earnings ) Tj ET Q q 0 0 0 rg BT 397.32 555.30 Td (from ) Tj ET Q q 0 0 0 rg BT 417.89 555.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 463.83 555.30 Td (is ) Tj ET Q q 0 0 0 rg BT 472.27 555.30 Td (reconciled ) Tj ET Q q 0 0 0 rg BT 517.14 555.30 Td (to ) Tj ET Q q 0 0 0 rg BT 526.64 555.30 Td (net ) Tj ET Q q 0 0 0 rg BT 541.42 555.30 Td (earnings, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 543.90 Td (as ) Tj ET Q q 0 0 0 rg BT 45.08 543.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 96.15 543.90 Td (in ) Tj ET Q q 0 0 0 rg BT 107.08 543.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 159.74 543.90 Td (with ) Tj ET Q q 0 0 0 rg BT 180.18 543.90 Td (IFRS, ) Tj ET Q q 0 0 0 rg BT 208.00 543.90 Td (in ) Tj ET Q q 0 0 0 rg BT 218.94 543.90 Td (the ) Tj ET Q q 0 0 0 rg BT 235.69 543.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 280.41 543.90 Td (Highlights ) Tj ET Q q 0 0 0 rg BT 328.84 543.90 Td (section ) Tj ET Q q 0 0 0 rg BT 362.48 543.90 Td (of ) Tj ET Q q 0 0 0 rg BT 373.94 543.90 Td (the ) Tj ET Q q 0 0 0 rg BT 390.69 543.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 441.46 543.90 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 474.86 543.90 Td (The ) Tj ET Q q 0 0 0 rg BT 494.77 543.90 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 540.01 543.90 Td ( ) Tj ET Q q 0 0 0 rg BT 543.55 543.90 Td (measure ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 532.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 70.48 532.50 Td (funds ) Tj ET Q q 0 0 0 rg BT 96.79 532.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 116.75 532.50 Td (is ) Tj ET Q q 0 0 0 rg BT 126.68 532.50 Td (reconciled ) Tj ET Q q 0 0 0 rg BT 173.04 532.50 Td (to ) Tj ET Q q 0 0 0 rg BT 184.03 532.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 207.16 532.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 231.87 532.50 Td (from ) Tj ET Q q 0 0 0 rg BT 253.94 532.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 296.62 532.50 Td (activities, ) Tj ET Q q 0 0 0 rg BT 338.75 532.50 Td (as ) Tj ET Q q 0 0 0 rg BT 351.85 532.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 402.45 532.50 Td (in ) Tj ET Q q 0 0 0 rg BT 412.91 532.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 465.09 532.50 Td (with ) Tj ET Q q 0 0 0 rg BT 485.05 532.50 Td (IFRS, ) Tj ET Q q 0 0 0 rg BT 512.39 532.50 Td (in ) Tj ET Q q 0 0 0 rg BT 522.85 532.50 Td (the ) Tj ET Q q 0 0 0 rg BT 539.12 532.50 Td ("Financial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 521.10 Td (Highlights" ) Tj ET Q q 0 0 0 rg BT 80.31 521.10 Td (section ) Tj ET Q q 0 0 0 rg BT 114.12 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.76 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.69 521.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 193.62 521.10 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 227.19 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 247.27 521.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 292.51 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.23 521.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 336.91 521.10 Td (net ) Tj ET Q q 0 0 0 rg BT 353.83 521.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 385.01 521.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 443.12 521.10 Td (is ) Tj ET Q q 0 0 0 rg BT 453.70 521.10 Td (reconciled ) Tj ET Q q 0 0 0 rg BT 500.72 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.36 521.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 536.14 521.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 561.50 521.10 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 509.70 Td (investing ) Tj ET Q q 0 0 0 rg BT 71.71 509.70 Td (activities, ) Tj ET Q q 0 0 0 rg BT 113.50 509.70 Td (as ) Tj ET Q q 0 0 0 rg BT 126.25 509.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 176.49 509.70 Td (in ) Tj ET Q q 0 0 0 rg BT 186.60 509.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 238.43 509.70 Td (with ) Tj ET Q q 0 0 0 rg BT 258.04 509.70 Td (IFRS, ) Tj ET Q q 0 0 0 rg BT 285.04 509.70 Td (in ) Tj ET Q q 0 0 0 rg BT 295.15 509.70 Td (the ) Tj ET Q q 0 0 0 rg BT 311.07 509.70 Td (Net ) Tj ET Q q 0 0 0 rg BT 331.74 509.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 361.92 509.70 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 422.19 509.70 Td (section ) Tj ET Q q 0 0 0 rg BT 455.01 509.70 Td (of ) Tj ET Q q 0 0 0 rg BT 465.65 509.70 Td (the ) Tj ET Q q 0 0 0 rg BT 481.57 509.70 Td (Company's ) Tj ET Q q 0 0 0 rg BT 531.51 509.70 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 564.14 509.70 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 498.30 Td (derivation ) Tj ET Q q 0 0 0 rg BT 75.83 498.30 Td (of ) Tj ET Q q 0 0 0 rg BT 86.89 498.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 125.95 498.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 149.16 498.30 Td (production ) Tj ET Q q 0 0 0 rg BT 196.66 498.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 221.97 498.30 Td (and ) Tj ET Q q 0 0 0 rg BT 240.96 498.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 280.02 498.30 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 337.56 498.30 Td (depletion ) Tj ET Q q 0 0 0 rg BT 379.26 498.30 Td (and ) Tj ET Q q 0 0 0 rg BT 398.25 498.30 Td (amortization ) Tj ET Q q 0 0 0 rg BT 453.14 498.30 Td (are ) Tj ET Q q 0 0 0 rg BT 470.01 498.30 Td (included ) Tj ET Q q 0 0 0 rg BT 508.54 498.30 Td (in ) Tj ET Q q 0 0 0 rg BT 519.07 498.30 Td (the ) Tj ET Q q 0 0 0 rg BT 535.42 498.30 Td ("Operating ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 486.90 Td (Highlights ) Tj ET Q q 0 0 0 rg BT 76.84 486.90 Td (- ) Tj ET Q q 0 0 0 rg BT 83.62 486.90 Td (Oil ) Tj ET Q q 0 0 0 rg BT 98.86 486.90 Td (Sands ) Tj ET Q q 0 0 0 rg BT 129.42 486.90 Td (Mining ) Tj ET Q q 0 0 0 rg BT 161.02 486.90 Td (and ) Tj ET Q q 0 0 0 rg BT 180.50 486.90 Td (Upgrading" ) Tj ET Q q 0 0 0 rg BT 231.33 486.90 Td (section ) Tj ET Q q 0 0 0 rg BT 265.05 486.90 Td (of ) Tj ET Q q 0 0 0 rg BT 276.60 486.90 Td (the ) Tj ET Q q 0 0 0 rg BT 293.43 486.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 344.27 486.90 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 377.74 486.90 Td (The ) Tj ET Q q 0 0 0 rg BT 397.73 486.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 442.02 486.90 Td (also ) Tj ET Q q 0 0 0 rg BT 463.07 486.90 Td (presents ) Tj ET Q q 0 0 0 rg BT 503.13 486.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 535.26 486.90 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 580.50 486.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 475.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 69.00 475.50 Td (ratios ) Tj ET Q q 0 0 0 rg BT 94.87 475.50 Td (and ) Tj ET Q q 0 0 0 rg BT 113.36 475.50 Td (their ) Tj ET Q q 0 0 0 rg BT 134.48 475.50 Td (derivation ) Tj ET Q q 0 0 0 rg BT 178.31 475.50 Td (in ) Tj ET Q q 0 0 0 rg BT 188.35 475.50 Td (the ) Tj ET Q q 0 0 0 rg BT 204.19 475.50 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 244.85 475.50 Td (and ) Tj ET Q q 0 0 0 rg BT 263.34 475.50 Td (Capital ) Tj ET Q q 0 0 0 rg BT 295.56 475.50 Td (Resources ) Tj ET Q q 0 0 0 rg BT 346.77 475.50 Td (section ) Tj ET Q q 0 0 0 rg BT 379.51 475.50 Td (of ) Tj ET Q q 0 0 0 rg BT 390.07 475.50 Td (the ) Tj ET Q q 0 0 0 rg BT 405.92 475.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 455.78 475.50 Td (MD&A.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 464.10 Td (A) Tj ET Q q 0 0 0 rg BT 37.31 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 39.67 464.10 Td (Barrel ) Tj ET Q q 0 0 0 rg BT 67.37 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 77.66 464.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 91.63 464.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 138.35 464.10 Td (\(BOE\) ) Tj ET Q q 0 0 0 rg BT 173.43 464.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.65 464.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 216.17 464.10 Td (by ) Tj ET Q q 0 0 0 rg BT 228.56 464.10 Td (converting ) Tj ET Q q 0 0 0 rg BT 274.76 464.10 Td (six ) Tj ET Q q 0 0 0 rg BT 288.73 464.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 330.18 464.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 354.72 464.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 372.92 464.10 Td (\(Mcf\) ) Tj ET Q q 0 0 0 rg BT 403.24 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.52 464.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 444.93 464.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 462.61 464.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.89 464.10 Td (one ) Tj ET Q q 0 0 0 rg BT 491.10 464.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 517.75 464.10 Td (\(bbl\) ) Tj ET Q q 0 0 0 rg BT 545.45 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 555.73 464.10 Td (crude ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 452.70 Td (oil ) Tj ET Q q 0 0 0 rg BT 43.70 452.70 Td (\(6 ) Tj ET Q q 0 0 0 rg BT 54.84 452.70 Td (Mcf:1 ) Tj ET Q q 0 0 0 rg BT 80.76 452.70 Td (bbl\). ) Tj ET Q q 0 0 0 rg BT 101.76 452.70 Td (This ) Tj ET Q q 0 0 0 rg BT 122.40 452.70 Td (conversion ) Tj ET Q q 0 0 0 rg BT 171.04 452.70 Td (may ) Tj ET Q q 0 0 0 rg BT 191.68 452.70 Td (be ) Tj ET Q q 0 0 0 rg BT 204.94 452.70 Td (misleading, ) Tj ET Q q 0 0 0 rg BT 255.69 452.70 Td (particularly ) Tj ET Q q 0 0 0 rg BT 304.32 452.70 Td (if ) Tj ET Q q 0 0 0 rg BT 311.76 452.70 Td (used ) Tj ET Q q 0 0 0 rg BT 335.06 452.70 Td (in ) Tj ET Q q 0 0 0 rg BT 345.15 452.70 Td (isolation, ) Tj ET Q q 0 0 0 rg BT 385.34 452.70 Td (since ) Tj ET Q q 0 0 0 rg BT 410.21 452.70 Td (the ) Tj ET Q q 0 0 0 rg BT 426.11 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 428.80 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 431.50 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 434.19 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 436.88 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 439.58 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 442.27 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 444.97 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 447.66 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 450.35 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 453.05 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 455.74 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 458.43 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 461.13 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 463.82 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 466.52 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 469.21 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 471.90 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 474.60 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 477.29 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 479.99 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 482.68 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 485.37 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 488.07 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 490.76 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 493.45 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 496.15 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 498.84 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 501.54 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 504.23 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 506.92 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 509.62 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 512.31 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 515.01 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 517.70 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 520.39 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 523.09 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 525.78 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 528.47 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 531.17 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 533.86 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 536.56 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 539.25 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 541.94 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 544.64 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 547.33 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 550.03 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 552.72 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 555.41 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 558.11 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 560.80 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 563.49 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 566.19 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 568.88 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 571.58 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 574.27 452.70 Td (6 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 441.30 Td (Mcf:1 ) Tj ET Q q 0 0 0 rg BT 57.52 441.30 Td (bbl ) Tj ET Q q 0 0 0 rg BT 72.98 441.30 Td (ratio ) Tj ET Q q 0 0 0 rg BT 94.25 441.30 Td (is ) Tj ET Q q 0 0 0 rg BT 103.90 441.30 Td (based ) Tj ET Q q 0 0 0 rg BT 132.58 441.30 Td (on ) Tj ET Q q 0 0 0 rg BT 145.93 441.30 Td (an ) Tj ET Q q 0 0 0 rg BT 159.29 441.30 Td (energy ) Tj ET Q q 0 0 0 rg BT 191.13 441.30 Td (equivalency ) Tj ET Q q 0 0 0 rg BT 244.09 441.30 Td (conversion ) Tj ET Q q 0 0 0 rg BT 292.82 441.30 Td (method ) Tj ET Q q 0 0 0 rg BT 327.30 441.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 365.98 441.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 411.55 441.30 Td (at ) Tj ET Q q 0 0 0 rg BT 422.27 441.30 Td (the ) Tj ET Q q 0 0 0 rg BT 438.26 441.30 Td (burner ) Tj ET Q q 0 0 0 rg BT 468.51 441.30 Td (tip ) Tj ET Q q 0 0 0 rg BT 481.34 441.30 Td (and ) Tj ET Q q 0 0 0 rg BT 499.98 441.30 Td (does ) Tj ET Q q 0 0 0 rg BT 523.37 441.30 Td (not ) Tj ET Q q 0 0 0 rg BT 539.36 441.30 Td (represent ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 429.90 Td (a ) Tj ET Q q 0 0 0 rg BT 39.58 429.90 Td (value ) Tj ET Q q 0 0 0 rg BT 65.10 429.90 Td (equivalency ) Tj ET Q q 0 0 0 rg BT 118.07 429.90 Td (at ) Tj ET Q q 0 0 0 rg BT 128.80 429.90 Td (the ) Tj ET Q q 0 0 0 rg BT 144.80 429.90 Td (wellhead. ) Tj ET Q q 0 0 0 rg BT 187.75 429.90 Td (In ) Tj ET Q q 0 0 0 rg BT 198.47 429.90 Td (comparing ) Tj ET Q q 0 0 0 rg BT 245.63 429.90 Td (the ) Tj ET Q q 0 0 0 rg BT 261.63 429.90 Td (value ) Tj ET Q q 0 0 0 rg BT 287.15 429.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 308.43 429.90 Td (using ) Tj ET Q q 0 0 0 rg BT 333.94 429.90 Td (current ) Tj ET Q q 0 0 0 rg BT 366.31 429.90 Td (crude ) Tj ET Q q 0 0 0 rg BT 392.88 429.90 Td (oil ) Tj ET Q q 0 0 0 rg BT 405.18 429.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 433.32 429.90 Td (relative ) Tj ET Q q 0 0 0 rg BT 466.75 429.90 Td (to ) Tj ET Q q 0 0 0 rg BT 477.48 429.90 Td (natural ) Tj ET Q q 0 0 0 rg BT 509.33 429.90 Td (gas ) Tj ET Q q 0 0 0 rg BT 527.44 429.90 Td (prices, ) Tj ET Q q 0 0 0 rg BT 558.23 429.90 Td (the ) Tj ET Q q 0 0 0 rg BT 574.23 429.90 Td (6 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 418.50 Td (Mcf:1 ) Tj ET Q q 0 0 0 rg BT 57.12 418.50 Td (bbl ) Tj ET Q q 0 0 0 rg BT 72.20 418.50 Td (conversion ) Tj ET Q q 0 0 0 rg BT 120.54 418.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 141.41 418.50 Td (may ) Tj ET Q q 0 0 0 rg BT 161.76 418.50 Td (be ) Tj ET Q q 0 0 0 rg BT 174.72 418.50 Td (misleading ) Tj ET Q q 0 0 0 rg BT 222.53 418.50 Td (as ) Tj ET Q q 0 0 0 rg BT 234.96 418.50 Td (an ) Tj ET Q q 0 0 0 rg BT 247.92 418.50 Td (indication ) Tj ET Q q 0 0 0 rg BT 290.46 418.50 Td (of ) Tj ET Q q 0 0 0 rg BT 300.78 418.50 Td (value. ) Tj ET Q q 0 0 0 rg BT 328.53 418.50 Td (In ) Tj ET Q q 0 0 0 rg BT 338.85 418.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 377.16 418.50 Td (for ) Tj ET Q q 0 0 0 rg BT 390.64 418.50 Td (the ) Tj ET Q q 0 0 0 rg BT 406.25 418.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 447.73 418.50 Td (of ) Tj ET Q q 0 0 0 rg BT 458.04 418.50 Td (the ) Tj ET Q q 0 0 0 rg BT 473.65 418.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 523.27 418.50 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 555.75 418.50 Td (crude ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 407.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 43.98 407.10 Td (is ) Tj ET Q q 0 0 0 rg BT 53.82 407.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 87.96 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.86 407.10 Td (include ) Tj ET Q q 0 0 0 rg BT 131.95 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.13 407.10 Td (following ) Tj ET Q q 0 0 0 rg BT 188.07 407.10 Td (commodities: ) Tj ET Q q 0 0 0 rg BT 247.01 407.10 Td (light ) Tj ET Q q 0 0 0 rg BT 267.42 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.24 407.10 Td (medium ) Tj ET Q q 0 0 0 rg BT 323.01 407.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 349.75 407.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 364.87 407.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 399.52 407.10 Td (heavy ) Tj ET Q q 0 0 0 rg BT 427.84 407.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 454.58 407.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 469.70 407.10 Td (Pelican ) Tj ET Q q 0 0 0 rg BT 503.84 407.10 Td (Lake ) Tj ET Q q 0 0 0 rg BT 527.42 407.10 Td (heavy ) Tj ET Q q 0 0 0 rg BT 555.74 407.10 Td (crude ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 395.70 Td (oil, ) Tj ET Q q 0 0 0 rg BT 46.28 395.70 Td (bitumen ) Tj ET Q q 0 0 0 rg BT 82.72 395.70 Td (\(thermal ) Tj ET Q q 0 0 0 rg BT 120.21 395.70 Td (oil\), ) Tj ET Q q 0 0 0 rg BT 138.15 395.70 Td (and ) Tj ET Q q 0 0 0 rg BT 156.64 395.70 Td (SCO.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 384.30 Td (Production ) Tj ET Q q 0 0 0 rg BT 79.09 384.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 116.65 384.30 Td (and ) Tj ET Q q 0 0 0 rg BT 134.67 384.30 Td (per ) Tj ET Q q 0 0 0 rg BT 150.58 384.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 168.07 384.30 Td (statistics ) Tj ET Q q 0 0 0 rg BT 206.67 384.30 Td (are ) Tj ET Q q 0 0 0 rg BT 222.58 384.30 Td (presented ) Tj ET Q q 0 0 0 rg BT 267.01 384.30 Td (throughout ) Tj ET Q q 0 0 0 rg BT 314.62 384.30 Td (the ) Tj ET Q q 0 0 0 rg BT 330.00 384.30 Td (Company's ) Tj ET Q q 0 0 0 rg BT 379.40 384.30 Td (MD&A) Tj ET Q q 0 0 0 rg BT 406.32 384.30 Td ( ) Tj ET Q q 0 0 0 rg BT 408.50 384.30 Td (on ) Tj ET Q q 0 0 0 rg BT 421.24 384.30 Td (a ) Tj ET Q q 0 0 0 rg BT 428.70 384.30 Td (before ) Tj ET Q q 0 0 0 rg BT 460.98 384.30 Td (royalty ) Tj ET Q q 0 0 0 rg BT 494.30 384.30 Td (or ) Tj ET Q q 0 0 0 rg BT 504.92 384.30 Td (gross ) Tj ET Q q 0 0 0 rg BT 536.65 384.30 Td (basis, ) Tj ET Q q 0 0 0 rg BT 563.65 384.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 372.90 Td (realized ) Tj ET Q q 0 0 0 rg BT 67.23 372.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 95.02 372.90 Td (are ) Tj ET Q q 0 0 0 rg BT 111.21 372.90 Td (net ) Tj ET Q q 0 0 0 rg BT 126.87 372.90 Td (of ) Tj ET Q q 0 0 0 rg BT 137.25 372.90 Td (blending ) Tj ET Q q 0 0 0 rg BT 175.63 372.90 Td (and ) Tj ET Q q 0 0 0 rg BT 193.94 372.90 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 237.06 372.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 261.69 372.90 Td (and ) Tj ET Q q 0 0 0 rg BT 279.99 372.90 Td (exclude ) Tj ET Q q 0 0 0 rg BT 315.19 372.90 Td (the ) Tj ET Q q 0 0 0 rg BT 330.86 372.90 Td (ef) Tj ET Q q 0 0 0 rg BT 338.61 372.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 356.38 372.90 Td (of ) Tj ET Q q 0 0 0 rg BT 366.75 372.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 383.98 372.90 Td (management ) Tj ET Q q 0 0 0 rg BT 441.89 372.90 Td (activities. ) Tj ET Q q 0 0 0 rg BT 483.42 372.90 Td (Production ) Tj ET Q q 0 0 0 rg BT 531.29 372.90 Td (on ) Tj ET Q q 0 0 0 rg BT 544.31 372.90 Td (an ) Tj ET Q q 0 0 0 rg BT 557.34 372.90 Td (after ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 361.50 Td (royalty ) Tj ET Q q 0 0 0 rg BT 65.28 361.50 Td (or ) Tj ET Q q 0 0 0 rg BT 76.37 361.50 Td (net ) Tj ET Q q 0 0 0 rg BT 98.55 361.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 123.36 361.50 Td (is ) Tj ET Q q 0 0 0 rg BT 132.86 361.50 Td (also ) Tj ET Q q 0 0 0 rg BT 152.93 361.50 Td (presented ) Tj ET Q q 0 0 0 rg BT 197.83 361.50 Td (for ) Tj ET Q q 0 0 0 rg BT 211.55 361.50 Td (information ) Tj ET Q q 0 0 0 rg BT 261.19 361.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 302.91 361.50 Td (only) Tj ET Q q 0 0 0 rg BT 319.63 361.50 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 350.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 72.78 350.10 Td (net ) Tj ET Q q 0 0 0 rg BT 90.29 350.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 131.03 350.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.34 350.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 203.01 350.10 Td (is ) Tj ET Q q 0 0 0 rg BT 214.17 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 223.76 350.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 269.00 350.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.31 350.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 314.57 350.10 Td (that ) Tj ET Q q 0 0 0 rg BT 334.73 350.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 383.92 350.10 Td (net ) Tj ET Q q 0 0 0 rg BT 401.43 350.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 442.17 350.10 Td (as ) Tj ET Q q 0 0 0 rg BT 456.51 350.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 503.07 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.77 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.28 350.10 Td (Company's ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 338.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 87.65 338.70 Td (Statements ) Tj ET Q q 0 0 0 rg BT 138.51 338.70 Td (of ) Tj ET Q q 0 0 0 rg BT 149.24 338.70 Td (Earnings, ) Tj ET Q q 0 0 0 rg BT 192.18 338.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 230.91 338.70 Td (for ) Tj ET Q q 0 0 0 rg BT 244.80 338.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 276.12 338.70 Td (items ) Tj ET Q q 0 0 0 rg BT 301.63 338.70 Td (of ) Tj ET Q q 0 0 0 rg BT 312.36 338.70 Td (a ) Tj ET Q q 0 0 0 rg BT 320.45 338.70 Td (non-operational ) Tj ET Q q 0 0 0 rg BT 389.28 338.70 Td (nature. ) Tj ET Q q 0 0 0 rg BT 421.48 338.70 Td (The ) Tj ET Q q 0 0 0 rg BT 440.66 338.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 484.12 338.70 Td (considers ) Tj ET Q q 0 0 0 rg BT 527.59 338.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 566.31 338.70 Td (net ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 327.30 Td (earnings ) Tj ET Q q 0 0 0 rg BT 70.51 327.30 Td (from ) Tj ET Q q 0 0 0 rg BT 92.07 327.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 139.00 327.30 Td (a ) Tj ET Q q 0 0 0 rg BT 146.84 327.30 Td (key ) Tj ET Q q 0 0 0 rg BT 164.19 327.30 Td (measure ) Tj ET Q q 0 0 0 rg BT 203.71 327.30 Td (in ) Tj ET Q q 0 0 0 rg BT 213.67 327.30 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 259.55 327.30 Td (the ) Tj ET Q q 0 0 0 rg BT 275.32 327.30 Td (Company's ) Tj ET Q q 0 0 0 rg BT 325.10 327.30 Td (performance. ) Tj ET Q q 0 0 0 rg BT 383.47 327.30 Td (The ) Tj ET Q q 0 0 0 rg BT 402.40 327.30 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 460.41 327.30 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 503.11 327.30 Td (Net ) Tj ET Q q 0 0 0 rg BT 520.46 327.30 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 560.52 327.30 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 315.90 Td (Operations ) Tj ET Q q 0 0 0 rg BT 83.97 315.90 Td (presented ) Tj ET Q q 0 0 0 rg BT 129.06 315.90 Td (in ) Tj ET Q q 0 0 0 rg BT 139.29 315.90 Td (the ) Tj ET Q q 0 0 0 rg BT 155.33 315.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 205.39 315.90 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 238.31 315.90 Td (presents ) Tj ET Q q 0 0 0 rg BT 277.58 315.90 Td (the ) Tj ET Q q 0 0 0 rg BT 293.62 315.90 Td (after-tax ) Tj ET Q q 0 0 0 rg BT 331.31 315.90 Td (ef) Tj ET Q q 0 0 0 rg BT 339.06 315.90 Td (fects ) Tj ET Q q 0 0 0 rg BT 361.95 315.90 Td (of ) Tj ET Q q 0 0 0 rg BT 372.71 315.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 404.06 315.90 Td (items ) Tj ET Q q 0 0 0 rg BT 429.59 315.90 Td (of ) Tj ET Q q 0 0 0 rg BT 440.35 315.90 Td (a ) Tj ET Q q 0 0 0 rg BT 448.47 315.90 Td (non-operational ) Tj ET Q q 0 0 0 rg BT 517.33 315.90 Td (nature ) Tj ET Q q 0 0 0 rg BT 547.10 315.90 Td (that ) Tj ET Q q 0 0 0 rg BT 565.78 315.90 Td (are ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 304.50 Td (included ) Tj ET Q q 0 0 0 rg BT 70.51 304.50 Td (in ) Tj ET Q q 0 0 0 rg BT 81.52 304.50 Td (the ) Tj ET Q q 0 0 0 rg BT 98.34 304.50 Td (Company) Tj ET Q q 0 0 0 rg BT 140.94 304.50 Td (s ) Tj ET Q q 0 0 0 rg BT 149.31 304.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.78 304.50 Td (results. ) Tj ET Q q 0 0 0 rg BT 221.30 304.50 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 261.89 304.50 Td (net ) Tj ET Q q 0 0 0 rg BT 278.71 304.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 318.77 304.50 Td (from ) Tj ET Q q 0 0 0 rg BT 341.39 304.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 389.37 304.50 Td (may ) Tj ET Q q 0 0 0 rg BT 410.94 304.50 Td (not ) Tj ET Q q 0 0 0 rg BT 427.76 304.50 Td (be ) Tj ET Q q 0 0 0 rg BT 441.94 304.50 Td (comparable ) Tj ET Q q 0 0 0 rg BT 495.20 304.50 Td (to ) Tj ET Q q 0 0 0 rg BT 506.74 304.50 Td (similar ) Tj ET Q q 0 0 0 rg BT 537.80 304.50 Td (measures ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 293.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 76.40 293.10 Td (by ) Tj ET Q q 0 0 0 rg BT 89.07 293.10 Td (other ) Tj ET Q q 0 0 0 rg BT 113.36 293.10 Td (companies.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 281.70 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 71.17 281.70 Td (funds ) Tj ET Q q 0 0 0 rg BT 97.11 281.70 Td (flow ) Tj ET Q q 0 0 0 rg BT 116.70 281.70 Td (\(previously ) Tj ET Q q 0 0 0 rg BT 165.34 281.70 Td (referred ) Tj ET Q q 0 0 0 rg BT 201.30 281.70 Td (to ) Tj ET Q q 0 0 0 rg BT 211.92 281.70 Td (as ) Tj ET Q q 0 0 0 rg BT 224.65 281.70 Td (funds ) Tj ET Q q 0 0 0 rg BT 250.59 281.70 Td (flow ) Tj ET Q q 0 0 0 rg BT 270.19 281.70 Td (from ) Tj ET Q q 0 0 0 rg BT 291.89 281.70 Td (operations\) ) Tj ET Q q 0 0 0 rg BT 342.12 281.70 Td (is ) Tj ET Q q 0 0 0 rg BT 351.67 281.70 Td (a ) Tj ET Q q 0 0 0 rg BT 359.66 281.70 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 404.90 281.70 Td ( ) Tj ET Q q 0 0 0 rg BT 407.60 281.70 Td (measure ) Tj ET Q q 0 0 0 rg BT 447.26 281.70 Td (that ) Tj ET Q q 0 0 0 rg BT 465.80 281.70 Td (represents ) Tj ET Q q 0 0 0 rg BT 513.39 281.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 536.15 281.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 560.50 281.70 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 270.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 73.44 270.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 112.19 270.30 Td (as ) Tj ET Q q 0 0 0 rg BT 124.55 270.30 Td (presented ) Tj ET Q q 0 0 0 rg BT 169.13 270.30 Td (in ) Tj ET Q q 0 0 0 rg BT 178.85 270.30 Td (the ) Tj ET Q q 0 0 0 rg BT 194.38 270.30 Td (Company's ) Tj ET Q q 0 0 0 rg BT 243.93 270.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 299.60 270.30 Td (Statements ) Tj ET Q q 0 0 0 rg BT 349.97 270.30 Td (of ) Tj ET Q q 0 0 0 rg BT 360.22 270.30 Td (Cash ) Tj ET Q q 0 0 0 rg BT 384.72 270.30 Td (Flows, ) Tj ET Q q 0 0 0 rg BT 414.49 270.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 452.74 270.30 Td (for ) Tj ET Q q 0 0 0 rg BT 466.15 270.30 Td (the ) Tj ET Q q 0 0 0 rg BT 481.68 270.30 Td (net ) Tj ET Q q 0 0 0 rg BT 497.21 270.30 Td (change ) Tj ET Q q 0 0 0 rg BT 530.70 270.30 Td (in ) Tj ET Q q 0 0 0 rg BT 540.42 270.30 Td (non-cash ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 258.90 Td (working ) Tj ET Q q 0 0 0 rg BT 66.84 258.90 Td (capital, ) Tj ET Q q 0 0 0 rg BT 99.55 258.90 Td (and ) Tj ET Q q 0 0 0 rg BT 118.00 258.90 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 178.72 258.90 Td (and ) Tj ET Q q 0 0 0 rg BT 197.17 258.90 Td (other ) Tj ET Q q 0 0 0 rg BT 221.43 258.90 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 280.91 258.90 Td (The ) Tj ET Q q 0 0 0 rg BT 299.88 258.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 343.15 258.90 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 386.42 258.90 Td (its ) Tj ET Q q 0 0 0 rg BT 398.52 258.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 454.46 258.90 Td (based ) Tj ET Q q 0 0 0 rg BT 482.95 258.90 Td (on ) Tj ET Q q 0 0 0 rg BT 496.12 258.90 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 534.65 258.90 Td (funds ) Tj ET Q q 0 0 0 rg BT 560.49 258.90 Td (flow) Tj ET Q q 0 0 0 rg BT 576.86 258.90 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 247.50 Td (The ) Tj ET Q q 0 0 0 rg BT 51.26 247.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 95.31 247.50 Td (considers ) Tj ET Q q 0 0 0 rg BT 139.37 247.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 178.68 247.50 Td (funds ) Tj ET Q q 0 0 0 rg BT 205.31 247.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 225.60 247.50 Td (a ) Tj ET Q q 0 0 0 rg BT 234.28 247.50 Td (key ) Tj ET Q q 0 0 0 rg BT 252.45 247.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 292.81 247.50 Td (as ) Tj ET Q q 0 0 0 rg BT 306.23 247.50 Td (it ) Tj ET Q q 0 0 0 rg BT 314.38 247.50 Td (demonstrates ) Tj ET Q q 0 0 0 rg BT 375.33 247.50 Td (the ) Tj ET Q q 0 0 0 rg BT 391.93 247.50 Td (Company) Tj ET Q q 0 0 0 rg BT 434.52 247.50 Td (s ) Tj ET Q q 0 0 0 rg BT 442.67 247.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 470.35 247.50 Td (to ) Tj ET Q q 0 0 0 rg BT 481.67 247.50 Td (generate ) Tj ET Q q 0 0 0 rg BT 522.56 247.50 Td (the ) Tj ET Q q 0 0 0 rg BT 539.16 247.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 562.62 247.50 Td (flow ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 236.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 76.67 236.10 Td (to ) 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(measures ) Tj ET Q q 0 0 0 rg BT 116.50 213.30 Td (presented ) Tj ET Q q 0 0 0 rg BT 161.39 213.30 Td (by ) Tj ET Q q 0 0 0 rg BT 174.07 213.30 Td (other ) Tj ET Q q 0 0 0 rg BT 198.36 213.30 Td (companies.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 201.90 Td (Net ) Tj ET Q q 0 0 0 rg BT 48.59 201.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.36 201.90 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 135.07 201.90 Td (is ) Tj ET Q q 0 0 0 rg BT 144.24 201.90 Td (a ) Tj ET Q q 0 0 0 rg BT 151.83 201.90 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 197.07 201.90 Td ( ) Tj ET Q q 0 0 0 rg BT 199.38 201.90 Td (measure ) Tj ET Q q 0 0 0 rg BT 238.65 201.90 Td (that ) Tj ET Q q 0 0 0 rg BT 256.80 201.90 Td (represents ) Tj ET Q q 0 0 0 rg BT 303.99 201.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 326.37 201.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 350.32 201.90 Td (from ) Tj ET Q q 0 0 0 rg BT 371.63 201.90 Td (investing ) Tj ET Q q 0 0 0 rg BT 411.43 201.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 450.17 201.90 Td (as ) Tj ET Q q 0 0 0 rg BT 462.51 201.90 Td (presented ) Tj ET Q q 0 0 0 rg BT 507.07 201.90 Td (in ) Tj ET Q q 0 0 0 rg BT 516.77 201.90 Td (the ) Tj ET Q q 0 0 0 rg BT 532.28 201.90 Td (Company's ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 190.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 88.38 190.50 Td (Statements ) Tj ET Q q 0 0 0 rg BT 139.96 190.50 Td (of ) Tj ET Q q 0 0 0 rg BT 151.42 190.50 Td (Cash ) Tj ET Q q 0 0 0 rg BT 177.13 190.50 Td (Flows, ) Tj ET Q q 0 0 0 rg BT 208.11 190.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 247.56 190.50 Td (for ) Tj ET Q q 0 0 0 rg BT 262.18 190.50 Td (the ) Tj ET Q q 0 0 0 rg BT 278.92 190.50 Td (net ) Tj ET Q q 0 0 0 rg BT 295.66 190.50 Td (change ) Tj ET Q q 0 0 0 rg BT 330.36 190.50 Td (in ) Tj ET Q q 0 0 0 rg BT 341.28 190.50 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 383.90 190.50 Td (working ) Tj ET Q q 0 0 0 rg BT 420.16 190.50 Td (capital, ) Tj ET Q q 0 0 0 rg BT 453.80 190.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 503.27 190.50 Td (in ) Tj ET Q q 0 0 0 rg BT 514.19 190.50 Td (other ) Tj ET Q q 0 0 0 rg BT 539.38 190.50 Td (long-term ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 31.50 179.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 62.98 179.10 Td (share ) Tj 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