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CNRL acquires Laricina Energy
Sept. 18, 2018

CNRL acquires Laricina Energy

Calgary-based Canadian Natural Resources Ltd completed the acquisition of Laricina Energy Ltd., confirming acceptance from holders of 98.7% Laricina’s issued and outstanding shares. CNRL will pay C$46.35 million for the shares by Sept. 18. Laricina holds two steam-run gravity drainage projects in the West Athabasca region of Alberta, Germain and Saleski. Both the projects put off operations right in the early development stages in 2015.

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