Canadian Natural Resources Closes Loan Transaction

On November 2, 2006, Canadian Natural Resources Limited (CNRL) completed a loan transaction with a syndicate of lenders led by The Bank of Nova Scotia and Citibank N.A., Canadian Branch, as joint lead arrangers. The lenders provided CNRL with $3.85 billion for the purpose of assisting CNRL with its acquisition by Anadarko Canada Corporation.

CNRL was represented by Phil Backman of Bennett Jones LLP. The lending syndicate was represented by Burnet, Duckworth & Palmer LLP with a team that included John Wilmot and Trish Fehr.