EX-99 3 ex991-form6k_022504.txt EXHIBIT 99.1 EXHIBIT 99.1 ------------ -------------------------------------------------------------------------------- [GRAPHIC OMITTED] PRESS RELEASE [LOGO - CANADIAN NATURAL] -------------------------------------------------------------------------------- [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] [PHOTOGRAPH] [PHOTOGRAPH] [PHOTOGRAPH] -------------------------------------------------------------------------------- CANADIAN NATURAL RESOURCES LIMITED INCREASES DIVIDEND FOR FOURTH STRAIGHT YEAR CALGARY, ALBERTA - FEBRUARY 25, 2004 - FOR IMMEDIATE RELEASE Canadian Natural Resources Limited announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.20 (twenty cents) per share. The dividend will be payable April 1, 2004 to shareholders of record at the close of business on March 12, 2004. The increase to C$0.80 from C$0.60 per share annually, represents a 33% increase in the dividend rate, which recognizes the strength of Canadian Natural's cash flow and provides an increased return to our shareholders. This marks the fourth year of dividend distributions by Canadian Natural and the third consecutive year the distribution has been increased. Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore West Africa. For further information, please contact: CANADIAN NATURAL RESOURCES LIMITED 2500, 855 - 2nd Street S.W. Calgary, Alberta T2P 4J8 TELEPHONE: (403) 514-7777 ALLAN P. MARKIN Chairman FACSIMILE: (403) 517-7370 JOHN G. LANGILLE EMAIL: investor.relations@cnrl.com President WEBSITE: www.cnrl.com STEVE W. LAUT Chief Operating Officer TRADING SYMBOL - CNQ Toronto Stock Exchange COREY B. BIEBER New York Stock Exchange Director Investor Relations -------------------------------------------------------------------------------- Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. --------------------------------------------------------------------------------