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|   | [   ] | Registration Statement pursuant to section 12 of the Securities Exchange Act of 1934 |
|--------|-----------------|--------------------------------------------------------------------------------------|

|   | [X] | Annual report pursuant to section 13(a) or 15(d) of the Securities Exchange Act of 1934 |
|--------|-----|-----------------------------------------------------------------------------------------|

| For the fiscal year ended December 31, 2009 | Commission File Number: 333-12138 |
|---------------------------------------------|-----------------------------------|

| CANADIAN NATURAL RESOURCES LIMITED(Exact name of Registrant as specified in its charter)                                                                                                                  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                           |
| ALBERTA, CANADA(Province or other jurisdiction of incorporation or organization)                                                                                                                          |
| 1311(Primary Standard Industrial Classification Code Numbers)                                                                                                                                             |
|                                                                                                                                                                                                           |
| Not Applicable(I.R.S. Employer Identification Number (if applicable))                                                                                                                                     |
|                                                                                                                                                                                                           |
| 2500, 855-2nd Street S.W., Calgary, Alberta, Canada, T2P 4J8Telephone: (403) 517-7345(Address and telephone number of Registrant’s principal executive offices)                                     |
| CT Corporation System, 111-Eighth Avenue, New York, New York 10011(212) 894-8940(Name, address (including zip code) and telephone number (including area code)of agent for service in the United States)  |

| Title of Each Class:        | Name of each exchange on which registered: |
|-----------------------------|--------------------------------------------|
| Common Shares, no par value | New York Stock Exchange                    |
|                        |                                       |

|        [ X ] Annual information form | [   ] Audited annual financial statements |
|-------------------------------------------------------------------------|----------------------------------------------------------|

|   | Yes   [X] | No   [   ] |
|--------|---------------------|-------------------------------------|

|   | Yes   [  ] | No   [  ] |
|--------|--------------------------------|-------------------------------|

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|   | A. | Annual Information Form |
|--------|----|-------------------------|

|   | Annual Information Form of Canadian Natural Resources Limited (“Canadian Natural”) for the year ended December 31, 2009. |   |
|--------|--------------------------------------------------------------------------------------------------------------------------------------|--------|

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| DEFINITIONS AND ABBREVIATIONS                  | 4                                              |
|----------------------------------------------------------|------------------------------------------------|
|                                                     |                                           |
| SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS        | 6                                              |
|                                                     |                                           |
| RISK FACTORS                                             | 8                                              |
|                                                     |                                           |
| ENVIRONMENTAL MATTERS                                    | 12                                             |
|                                                     |                                           |
| REGULATORY MATTERS                                       | 13                                             |
|                                                     |                                           |
| THE COMPANY                                              | 15                                             |
|                                                     |                                           |
| GENERAL DEVELOPMENT OF THE BUSINESS                      | 17                                             |
|                                                     |                                           |
| DESCRIPTION OF THE BUSINESS                              | 18                                             |
|                                                     |                                           |
| A.                                                       | PRINCIPAL CRUDE OIL AND NATURAL GAS PROPERTIES | 19 |
|                                                     |                                           |   |
|                                                     | Daily Production                               | 19 |
|                                                     | Developed and Undeveloped Acreage              | 20 |
|                                                     | Drilling Activity                              | 21 |
|                                                     | Productive Crude Oil and Natural Gas Wells     | 24 |
|                                                     | Northeast British Columbia                     | 24 |
|                                                     | Northwest Alberta                              | 25 |
|                                                     | Northern Plains                                | 26 |
|                                                     | Southern Plains and Southeast Saskatchewan     | 28 |
|                                                     | Oil Sands Mining and Upgrading                 | 29 |
|                                                     | United Kingdom North Sea                       | 33 |
|                                                     | Offshore West Africa                           | 34 |
|                                                     | Côte d’Ivoire                       | 34 |
|                                                     | Gabon                                          | 35 |
|                                                     |                                           |   |
| B.                                                       | CRUDE OIL, NGLs AND NATURAL GAS RESERVES       | 36 |
|                                                     |                                           |   |
| C.                                                       | RECONCILIATION OF CHANGES IN NET RESERVES      | 42 |
|                                                     |                                           |   |
| D.                                                       | CRUDE OIL, NGLs AND NATURAL GAS PRODUCTION     | 46 |
|                                                     |                                           |   |
| E.                                                       | NET CAPITAL EXPENDITURES                       | 51 |
|                                                     |                                           |   |
| F.                                                       | DEVELOPED AND UNDEVELOPED ACREAGE              | 52 |
|                                                     |                                           |   |
| SELECTED FINANCIAL INFORMATION                           | 53                                             |
|                                                     |                                           |
| CAPITAL STRUCTURE                                        | 54                                             |
|                                                     |                                           |
| MARKET FOR CANADIAN NATURAL RESOURCES LIMITED SECURITIES | 55                                             |
|                                                     |                                           |
| DIVIDEND HISTORY                                         | 56                                             |
|                                                     |                                           |
| TRANSFER AGENTS AND REGISTRAR                            | 56                                             |
|                                                     |                                           |
| DIRECTORS AND OFFICERS                                   | 57                                             |
|                                                     |                                           |

| Canadian Natural Resources Limited | 2 |
|------------------------------------|---|

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| CONFLICTS OF INTEREST                                       | 61     |
|-------------------------------------------------------------|--------|
|                                                        |   |
| INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS  | 61     |
|                                                        |   |
| AUDIT COMMITTEE INFORMATION                                 | 62     |
|                                                        |   |
| LEGAL PROCEEDINGS                                           | 63     |
|                                                        |   |
| MATERIAL CONTRACTS                                          | 63     |
|                                                        |   |
| INTERESTS OF EXPERTS                                        | 63     |
|                                                        |   |
| ADDITIONAL INFORMATION                                      | 63     |
|                                                        |   |
| SCHEDULE “A” REPORT ON RESERVES DATA            | 64     |
|                                                        |   |
| SCHEDULE “B” REPORT OF MANAGEMENT AND DIRECTORS | 66     |
|                                                        |   |
| SCHEDULE “C” CHARTER OF THE AUDIT COMMITTEE     | 68     |

| 3    | Canadian Natural Resources Limited |
|---------------------|------------------------------------|

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| Canadian Natural Resources Limited | 4 |
|------------------------------------|---|

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| 5    | Canadian Natural Resources Limited |
|---------------------|------------------------------------|

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| Canadian Natural Resources Limited | 6 |
|------------------------------------|---|

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| 7    | Canadian Natural Resources Limited |
|---------------------|------------------------------------|

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| Canadian Natural Resources Limited | 8 |
|------------------------------------|---|

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| 9    | Canadian Natural Resources Limited |
|---------------------|------------------------------------|

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| Canadian Natural Resources Limited | 10 |
|------------------------------------|----|

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| 11    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| Canadian Natural Resources Limited | 12 |
|------------------------------------|----|

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| Estimated ARO, undiscounted ($millions) |   | 2009   |   |   | 2008   |   |
|-----------------------------------------|--------|--------|--------|--------|--------|--------|
| North America                           |   | $      | 3,346  |   |   | $      | 3,072 |   |
| Oil Sands Mining and Upgrading (1)      |   |   | 1,485  |   |   |   | 93 |   |
| North Sea                               |   |   | 1,522  |   |   |   | 1,216 |   |
| Offshore West Africa                    |   |   | 253    |   |   |   | 93 |   |
|                                    |   |   | 6,606  |   |   |   | 4,474 |   |
| North Sea PRT recovery                  |   |   | (568   | )      |   |   | (529 | ) |
|                                    |   | $      | 6,038  |   |   | $      | 3,945 |   |

| (1)   | Prior period amounts have been reclassified to conform to the presentation adopted in 2009. |
|-----------------|---------------------------------------------------------------------------------------------|

| 13    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| ●   | A royalty credit of $200 per meter on new conventional crude oil and natural gas wells drilled between April 1, 2009 and March 31, 2010 to a maximum of 10% of conventional Crown royalties paid in Alberta. |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | Reduced royalty rates that set the maximum royalty at 5% for the first 12 months of production, up to a maximum of 50,000 boe or 500 mmcfe for new conventional crude oil and natural gas wells that commence production between April 1, 2009 and March 31, 2010. |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | Permanently imbedding in the royalty system the reduced royalty rate of a maximum of 5% on new natural gas and conventional oil wells with the same time and volume limits. |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | Reducing the maximum royalty rate for conventional crude oil from 50% to 40% and reducing the maximum royalty rate for conventional and unconventional gas from 50% to 36%. |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | A one-year, 2% royalty rate for all natural gas wells drilled between September 1, 2009 and June 30, 2010. Qualifying wells must commence production before December 31, 2010. |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | A permanent increase of 15% in the existing royalty holiday credits for the Deep Royalty Program. |
|---------|---------------------------------------------------------------------------------------------------|

| ●   | A permanent qualification of horizontal wells drilled to a vertical depth between 1,900 and 2,300 meters into the Deep Royalty Program. |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------|

| ●   | An additional $50 million allocation for the Infrastructure Royalty Credit Programs to stimulate investment in oil and gas roads and pipelines. |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| Canadian Natural Resources Limited | 14 |
|------------------------------------|----|

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| 15    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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|                                                    | Jurisdiction of Incorporation | % Ownership |
|---------------------------------------------------------|-------------------------------|-------------|
| Subsidiary                                              |                          |        |
| CanNat Energy Inc.                                      | Delaware                      | 100         |
| CNR (ECHO) Resources Inc.                               | Alberta                       | 100         |
| CNR International (U.K.) Investments Limited            | England                       | 100         |
| CNR International (U.K.) Limited                        | England                       | 100         |
| CNR International Côte d’Ivoire SARL         | Côte d’Ivoire      | 100         |
| CNR International (Olowi) Limited                       | Bahamas                       | 100         |
| Horizon Construction Management Ltd.                    | Alberta                       | 100         |
| Partnership                                             |                          |        |
| Canadian Natural Resources                              | Alberta                       | 100         |
| Canadian Natural Resources Northern Alberta Partnership | Alberta                       | 100         |
| Canadian Natural Resources 2005 Partnership             | Alberta                       | 100         |

| Canadian Natural Resources Limited | 16 |
|------------------------------------|----|

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| 17    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| Canadian Natural Resources Limited | 18 |
|------------------------------------|----|

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| A. | PRINCIPAL CRUDE OIL AND NATURAL GAS PROPERTIES |
|----|------------------------------------------------|

|                             | 2009 Average DailyProduction Rates | 2008 Average DailyProduction Rates |
|----------------------------------|------------------------------------|------------------------------------|
| Region                           |  Crude oil & NGLs(mbbl)   | Natural gas(mmcf)                  | Crude oil & NGLs(mbbl) | Natural gas(mmcf) |
| North America                    |                               |                               |   |   |
| Northeast British Columbia       | 5.5                                | 329                                | 5.9 | 377 |
| Northwest Alberta                | 14.8                               | 455                                | 16.4 | 531 |
| Northern Plains                  | 194.6                              | 341                                | 200.7 | 382 |
| Southern Plains                  | 11.4                               | 158                                | 12.2 | 177 |
| Southeast Saskatchewan           | 7.9                                | 3                                  | 8.4 | 3 |
| Oil sands Mining & Upgrading | 50.3                               | -                                  | - | - |
| Non-core regions                 | 0.3                                | 1                                  | 0.2 | 2 |
| North America Total              | 284.8                              | 1,287                              | 243.8 | 1,472 |
| International                    |                               |                               |   |   |
| North Sea UK Sector              | 37.8                               | 10                                 | 45.3 | 10 |
| Offshore West Africa             |                               |                               |   |   |
| Côte d’Ivoire         | 30.3                               | 18                                 | 26.6 | 13 |
| Gabon                            | 2.6                                | -                                  | - | - |
| International Total              | 70.7                               | 28                                 | 71.9 | 23 |
| Company Total                    | 355.5                              | 1,315                              | 315.7 | 1,495 |

| 19    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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|                                                                                              | Developed Acreage | Undeveloped Acreage | Total Acreage | Average WorkingInterest |
|---------------------------------------------------------------------------------------------------|-------------------|---------------------|---------------|------------------------------|
| Region (thousands of acres)                                                                       | Gross             | Net                 | Gross         | Net                          | Gross | Net | % |
| North America                                                                                     |              |                |          |                         |   |   |   |
| Northeast British           Columbia            | 1,493             | 1,132               | 2,838         | 2,068                        | 4,331 | 3,200 | 74 |
| Northwest Alberta                                                                                 | 1,229             | 883                 | 1,531         | 1,154                        | 2,760 | 2,037 | 74 |
| Northern Plains                                                                                   | 4,111             | 3,351               | 6,696         | 5,885                        | 10,807 | 9,236 | 85 |
| Southern Plains                                                                                   | 1,530             | 1,216               | 950           | 804                          | 2,480 | 2,020 | 81 |
| Southeast Saskatchewan                                                                            | 93                | 76                  | 154           | 139                          | 247 | 215 | 87 |
| Thermal In-Situ Oil Sands                                                                         | 29                | 29                  | 588           | 486                          | 617 | 515 | 83 |
| Oil Sands Mining &           Upgrading | 1                 | 1                   | 115           | 115                          | 116 | 116 | 100 |
| Non-core regions                                                                                  | 42                | 14                  | 1,341         | 201                          | 1,383 | 215 | 16 |
| North America Total                                                                               | 8,528             | 6,702               | 14,213        | 10,852                       | 22,741 | 17,554 | 77 |
| International                                                                                     |              |                |          |                         |   |   |   |
| North Sea UK Sector                                                                               | 68                | 57                  | 184           | 150                          | 252 | 207 | 82 |
| Offshore West Africa                                                                              |              |                |          |                         |   |   |   |
| Côte d’Ivoire                                                                          | 10                | 6                   | 92            | 54                           | 102 | 60 | 59 |
| Gabon                                                                                             | 2                 | 2                   | 150           | 138                          | 152 | 140 | 92 |
|       Non-core regions                                              |              |                |          |                         |   |   |   |
|             South Africa              | -                 | -                   | 4,002         | 4,002                        | 4,002 | 4,002 | 100 |
| International Total                                                                               | 80                | 65                  | 4,428         | 4,344                        | 4,508 | 4,409 | 98 |
| Company Total                                                                                     | 8,608             | 6,767               | 18,641        | 15,196                       | 27,249 | 21,963 | 81 |

| Canadian Natural Resources Limited | 20 |
|------------------------------------|----|

----

|                              |   |        |        |   |                  | 2009   |      |        |   |                  |
|-----------------------------------|--------|-------------|-------------|--------|-----------------------|--------|-----------|-------------|--------|-----------------------|
|                              |   | Exploratory | Development |
|                              |   | Crude Oil   | Natural Gas | Dry    | Service/Stratigraphic | Total  | Crude Oil | Natural Gas | Dry    | Service/Stratigraphic | Total |
| North America                     |   |        |        |   |                  |   |      |        |   |                  |   |
| Northeast British Columbia   | Gross  | -           | 1.0         | 3.0    | -                     | 4.0    | -         | 20.0        | 1.0    | -                     | 21.0 |
| Net                               | -      | 0.5         | 2.4         | -      | 2.9                   | -      | 17.6      | 1.0         | -      | 18.6                  |
| Northwest Alberta                 | Gross  | 4.0         | 24.0        | -      | -                     | 28.0   | 4.0       | 24.0        | 1.0    | -                     | 29.0 |
| Net                               | 3.5    | 22.3        | -           | -      | 25.8                  | 3.3    | 23.4      | 1.0         | -      | 27.7                  |
| Northern Plains                   | Gross  | 39.0        | 8.0         | 6.0    | 7.0                   | 60.0   | 601.0     | 37.0        | 35.0   | 203.0                 | 876.0 |
| Net                               | 38.5   | 7.1         | 6.0         | 7.0    | 58.6                  | 565.9  | 27.9      | 33.5        | 203.0  | 830.3                 |
| Southern Plains                   | Gross  | 3.0         | 2.0         | 1.0    | -                     | 6.0    | 5.0       | 25.0        | 1.0    | 1.0                   | 32.0 |
| Net                               | 2.1    | 2.0         | 1.0         | -      | 5.1                   | 3.6    | 8.3       | 1.0         | 1.0    | 13.9                  |
| Southeast  Saskatchewan | Gross  | 3.0         | -           | -      | -                     | 3.0    | 20.0      | -           | -      | 2.0                   | 22.0 |
| Net                               | 2.1    | -           | -           | -      | 2.1                   | 18.4   | -         | -           | 2.0    | 20.4                  |
| Oil Sands Mining and Upgrading    | Gross  | -           | -           | -      | -                     | -      | -         | -           | -      | 115.0                 | 115.0 |
| Net                               | -      | -           | -           | -      | -                     | -      | -         | -           | 115.0  | 115.0                 |
| Non-core Regions                  | Gross  | -           | -           | -      | -                     | -      | -         | -           | -      | -                     | - |
|     Net       | -      | -           | -           | -      | -                     | -      | -         | -           | -      | -                     |
| North AmericaTotal                | Gross  | 49.0        | 35.0        | 10.0   | 7.0                   | 101.0  | 630.0     | 106.0       | 38.0   | 321.0                 | 1,095.0 |
| Net                               | 46.2   | 31.9        | 9.4         | 7.0    | 94.5                  | 591.2  | 77.2      | 36.5        | 321.0  | 1,025.9               |
| North SeaUK Sector                | Gross  | -           | -           | 1.0    | -                     | 1.0    | 1.0       | -           | -      | -                     | 1.0 |
| Net                               | -      | -           | 0.3         | -      | 0.3                   | 0.9    | -         | -           | -      | 0.9                   |
| OffshoreWest Africa               | Gross  | -           | -           | -      | -                     | -      | 6.0       | -           | -      | 1.0                   | 7.0 |
| Net                               | -      | -           | -           | -      | -                     | 5.2    | -         | -           | 0.9    | 6.1                   |
| Company Total                     | Gross  | 49.0        | 35.0        | 11.0   | 7.0                   | 102.0  | 637.0     | 106.0       | 38.0   | 322.0                 | 1,103.0 |
| Net                               | 46.2   | 31.9        | 9.7         | 7.0    | 94.8                  | 597.3  | 77.2      | 36.5        | 321.9  | 1,032.9               |
|                              |   |        |        |   |                  |   |      |        |   |                  |   |

| 21    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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|                                     |   |        |        |   |                  |  2008 |           |        |   |                                                         |
|------------------------------------------|--------|-------------|-------------|--------|-----------------------|------------|----------------|-------------|--------|--------------------------------------------------------------|
|                                     |   | Exploratory | Development |
|                                     |   | CrudeOil    | Natural Gas | Dry    | Service/Stratigraphic | Total      | Crude Oil | Natural Gas | Dry    | Service/     Stratigraphic     | Total |
| North America                            |   |        |        |   |                  |       |           |        |   |                                                         |   |
| Northeast British Columbia          | Gross  | -           | 2.0         | 2.0    | -                     | 4.0        | -              | 26.0        | 4.0    | -                                                            | 30.0 |
| Net                                      | -      | 1.5         | 1.5         | -      | 3.0                   | -          | 22.5           | 1.9         | -      | 24.4                                                         |
| Northwest Alberta                        | Gross  | 1.0         | 14.0        | 1.0    | -                     | 16.0       | 14.0           | 62.0        | 3.0    | 3.0                                                          | 82.0 |
| Net                                      | 0.6    | 12.6        | 0.9         | -      | 14.1                  | 8.9        | 54.0           | 2.6         | 2.2    | 67.7                                                         |
| Northern Plains                          | Gross  | 27.0        | 14.0        | 5.0    | -                     | 46.0       | 583.0          | 131.0       | 22.0   | 33.0                                                         | 769.0 |
| Net                                      | 26.3   | 11.4        | 5.0         | -      | 42.7                  | 557.3      | 88.4           | 21.5        | 32.4   | 699.6                                                        |
| Southern Plains                          | Gross  | 4.0         | 6.0         | 1.0    | -                     | 11.0       | 29.0           | 153.0       | 1.0    | -                                                            | 183.0 |
| Net                                      | 4.0    | 6.0         | 1.0         | -      | 11.0                  | 26.9       | 72.8           | 1.0         | -      | 100.7                                                        |
| Southeast Saskatchewan                   | Gross  | 6.0         | -           | 2.0    | -                     | 8.0        | 57.0           | -           | -      | 2.0                                                          | 59.0 |
| Net                                      | 4.6    | -           | 2.0         | -      | 6.6                   | 48.9       | -              | -           | 1.7    | 50.6                                                         |
| Oil Sands Mining and Upgrading | Gross  | -           | -           | -      | -                     | -          | -              | -           | -      | 92.0                                                         | 92.0 |
| Net                                      | -      | -           | -           | -      | -                     | -          | -              | -           | 92.0   | 92.0                                                         |
| Non-core Regions                         | Gross  | -           | -           | -      | -                     | -          | -              | 3.0         | 2.0    | -                                                            | 5.0 |
| Net                                      | -      | -           | -           | -      | -                     | -          | 0.1            | 0.4         | -      | 0.5                                                          |
| North AmericaTotal                       | Gross  | 38.0        | 36.0        | 11.0   | -                     | 85.0       | 683.0          | 375.0       | 32.0   | 130.0                                                        | 1,220.0 |
| Net                                      | 35.5   | 31.5        | 10.4        | -      | 77.4                  | 642.0      | 237.8          | 27.4        | 128.3  | 1,035.5                                                      |
| North SeaUK Sector                       | Gross  | 1.0         | -           | -      | -                     | 1.0        | 2.0            | -           | 1.0    | 1.0                                                          | 4.0 |
| Net                                      | 0.8    | -           | -           | -      | 0.8                   | 1.6        | -              | 0.8         | 0.9    | 3.3                                                          |
| OffshoreWest Africa                      | Gross  | -           | -           | -      | -                     | -          | 4.0            | -           | -      | 2.0                                                          | 6.0 |
| Net                                      | -      | -           | -           | -      | -                     | 2.3        | -              | -           | 1.8    | 4.1                                                          |
| Company Total                            | Gross  | 39.0        | 36.0        | 11.0   | -                     | 86.0       | 689.0          | 375.0       | 33.0   | 133.0                                                        | 1,230.0 |
| Net                                      | 36.3   | 31.5        | 10.4        | -      | 78.2                  | 645.9      | 237.8          | 28.2        | 131.0  | 1,042.9                                                      |
|                                     |   |        |        |   |                  |       |           |        |   |                                                         |   |

| Canadian Natural Resources Limited | 22 |
|------------------------------------|----|

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|                                |   |        |        |   |                  | 2007   |      |        |   |                                                                   |
|-------------------------------------|--------|-------------|-------------|--------|-----------------------|--------|-----------|-------------|--------|------------------------------------------------------------------------|
|                                |   | Exploratory | Development |
|                                |   | Crude Oil   | Natural Gas | Dry    | Service/Stratigraphic | Total  | Crude Oil | Natural Gas | Dry    | Service/     Stratigraphic     | Total |
| North America                       |   |        |        |   |                  |   |      |        |   |                                                                   |   |
| Northeast British Columbia          | Gross  | -           | 7.0         | 7.0    | -                     | 14.0   | 3.0       | 45.0        | 12.0   | -                                                                      | 60.0 |
| Net                                 | -      | 7.0         | 6.0         | -      | 13.0                  | 2.9    | 35.1      | 10.1        | -      | 48.1                                                                   |
| Northwest Alberta                   | Gross  | 1.0         | 23.0        | 5.0    | -                     | 29.0   | 21.0      | 102.0       | 14.0   | 2.0                                                                    | 139.0 |
| Net                                 | 1.0    | 16.4        | 3.8         | -      | 21.2                  | 12.1   | 82.1      | 8.9         | 1.5    | 104.6                                                                  |
| Northern Plains                     | Gross  | 26.0        | 31.0        | 20.0   | 97.0                  | 174.0  | 545.0     | 82.0        | 44.0   | 49.0                                                                   | 720.0 |
| Net                                 | 23.8   | 24.7        | 19.4        | 97.0   | 164.9                 | 500.6  | 70.9      | 42.4        | 48.8   | 662.7                                                                  |
| Southern Plains                     | Gross  | 1.0         | 14.0        | 1.0    | -                     | 16.0   | 19.0      | 174.0       | 2.0    | 1.0                                                                    | 196.0 |
| Net                                 | 1.0    | 13.4        | 1.0         | -      | 15.4                  | 18.1   | 134.1     | 0.6         | 1.0    | 153.8                                                                  |
| Southeast Saskatchewan              | Gross  | 1.0         | -           | -      | -                     | 1.0    | 27.0      | -           | 2.0    | 4.0                                                                    | 33.0 |
| Net                                 | 1.0    | -           | -           | -      | 1.0                   | 23.0   | -         | 0.4         | 4.0    | 27.4                                                                   |
| Oil Sands Mining and Upgrading | Gross  | -           | -           | -      | -                     | -      | -         | -           | -      | 98.0                                                                   | 98.0 |
| Net                                 | -      | -           | -           | -      | -                     | -      | -         | -           | 98.0   | 98.0                                                                   |
| Non-core Regions                    | Gross  | -           | -           | -      | -                     | -      | -         | -           | -      | -                                                                      | - |
| Net                                 | -      | -           | -           | -      | -                     | -      | -         | -           | -      | -                                                                      |
| North AmericaTotal                  | Gross  | 29.0        | 75.0        | 33.0   | 97.0                  | 234.0  | 615.0     | 403.0       | 74.0   | 154.0                                                                  | 1,246.0 |
| Net                                 | 26.8   | 61.5        | 30.2        | 97.0   | 215.5                 | 556.7  | 322.2     | 62.4        | 153.3  | 1,094.6                                                                |
| North SeaUK Sector                  | Gross  | -           | -           | -      | -                     | -      | 4.0       | -           | -      | 4.0                                                                    | 8.0 |
| Net                                 | -      | -           | -           | -      | -                     | 3.7    | -         | -           | 3.5    | 7.2                                                                    |
| OffshoreWest Africa                 | Gross  | -           | -           | -      | -                     | -      | 7.0       | -           | -      | 1.0                                                                    | 8.0 |
| Net                                 | -      | -           | -           | -      | -                     | 4.1    | -         | -           | 0.6    | 4.7                                                                    |
| Company Total                       | Gross  | 29.0        | 75.0        | 33.0   | 97.0                  | 234.0  | 626.0     | 403.0       | 74.0   | 159.0                                                                  | 1,262.0 |
| Net                                 | 26.8   | 61.5        | 30.2        | 97.0   | 215.5                 | 564.5  | 322.2     | 62.4        | 157.4  | 1,106.5                                                                |
|                                |   |        |        |   |                  |   |      |        |   |                                                                   |   |

| 23    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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|                       |   |   Natural gas wells |   |   Crude oil wells |   |   Total wells |
|----------------------------|--------|--------------------------|--------|------------------------|--------|--------------------|
|                       | Gross  | Net                      | Gross  | Net                    | Gross  | Net                |
| Canada                     |   |                     |   |                   |   |               |
| Northeast British Columbia | 1,545  | 1,281.2                  | 218    | 187.4                  | 1,763  | 1,468.6            |
| Northwest Alberta          | 2,138  | 1,677.5                  | 555    | 342.4                  | 2,693  | 2,019.9            |
| Northern Plains            | 3,788  | 3,077.9                  | 6,009  | 5,529.6                | 9,797  | 8,607.5            |
| Southern Plains            | 7,366  | 6,094.4                  | 1,227  | 1,121.5                | 8,593  | 7,215.9            |
| Southeast Saskatchewan     | -      | -                        | 1,198  | 876.6                  | 1,198  | 876.6              |
| Non-core regions           | 77     | 20.9                     | 121    | 24.8                   | 198    | 45.7               |
| Total Canada               | 14,914 | 12,151.9                 | 9,328  | 8,082.3                | 24,242 | 20,234.2           |
| United States              | 3      | 0.3                      | 2      | 0.3                    | 5      | 0.6                |
| North Sea UK Sector        | 2      | 0.1                      | 108    | 91.1                   | 110    | 91.2               |
| Offshore West Africa       |   |                     |   |                   |   |               |
|    Gabon    | -      | -                        | 5      | 4.6                    | 5      | 4.6                |
| Côte d’Ivoire   | -      | -                        | 23     | 13.4                   | 23     | 13.4               |
| Total                      | 14,919 | 12,152.3                 | 9,466  | 8,191.7                | 24,385 | 20,344.0           |

| Canadian Natural Resources Limited | 24 |
|------------------------------------|----|

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| 25    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| Canadian Natural Resources Limited | 26 |
|------------------------------------|----|

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| 27    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| Canadian Natural Resources Limited | 28 |
|------------------------------------|----|

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| 29    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| Canadian Natural Resources Limited | 30 |
|------------------------------------|----|

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| Short lease name | Official lease number | Lease expiry date(1)   | Area in hectares |
|------------------|-----------------------|------------------------|------------------|
| Lease 18         | 727912T18             | Continued Producing(2) | 19,988           |
| Lease 6          | 7597050T06            | May 6, 2012            | 2,584            |
| Lease 7          | 7597050T07            | May 6, 2012            | 1,144            |
| Lease 10         | 7400120010            | December 14, 2015      | 3,840            |
| Lease 11         | 7400120011            | December 14, 2015      | 518              |
| Lease 12         | 7400120012            | December 14, 2015      | 9,216            |
| Lease 13         | 7400120013            | December 14, 2015      | 69               |
| Lease 15         | 7400120015            | December 14, 2015      | 1,536            |
| Lease 25         | 7401050025            | May 17, 2016           | 1,536            |
| Lease 19         | 7402050019            | May 30, 2017           | 5,120            |
| Lease 20         | 7402050020            | May 30, 2017           | 768              |

| (1)   | The Company can apply for an extension of the leases past the expiry date. |
|-----------------|----------------------------------------------------------------------------|

| (2)   | Pursuant to section 14 of the Oil Sands Tenure Regulation. |
|-----------------|------------------------------------------------------------|

| 31    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| Canadian Natural Resources Limited | 32 |
|------------------------------------|----|

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| 33    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| Canadian Natural Resources Limited | 34 |
|------------------------------------|----|

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| 35    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| B. | CRUDE OIL, NGLs, AND NATURAL GAS RESERVES |
|----|-------------------------------------------|

| Canadian Natural Resources Limited | 36 |
|------------------------------------|----|

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| Reserves Category                | Crude Oil & NGLs (mmbbl) | Bitumen (mmbbl) | Synthetic Crude Oil (mmbbl) | Total Liquids (mmbbl) | Natural Gas (bcf) | Total Reserves(mmboe) |
|----------------------------------|-----------------------------------|-----------------|---------------------------------------|-----------------------|-------------------|----------------------------|
| PROVED                           |                              |            |                                  |                  |              |                       |
| Developed:                       |                              |            |                                  |                  |              |                       |
| North America                    | 204                               | 268             | 1,589                                 | 2,061                 | 2,333             | 2,450                      |
| International                    |                              |            |                                  |                  |              |                       |
| United Kingdom – North Sea | 94                                | -               | -                                     | 94                    | 45                | 101                        |
| Offshore West Africa             | 106                               | -               | -                                     | 106                   | 81                | 120                        |
| Total Developed:                 | 404                               | 268             | 1,589                                 | 2,261                 | 2,459             | 2,671                      |
|                             |                              |            |                                  |                  |              |                       |
| Undeveloped:                     |                              |            |                                  |                  |              |                       |
| North America                    | 115                               | 427             | 61                                    | 603                   | 694               | 719                        |
| International                    |                              |            |                                  |                  |              |                       |
| United Kingdom – North Sea | 146                               | -               | -                                     | 146                   | 22                | 149                        |
| Offshore West Africa             | 17                                | -               | -                                     | 17                    | 4                 | 18                         |
| Total Undeveloped:               | 278                               | 427             | 61                                    | 766                   | 720               | 886                        |
| TOTAL PROVED:                    | 682                               | 695             | 1,650                                 | 3,027                 | 3,179             | 3,557                      |

| 37    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| Reserves Category                | Crude Oil& NGLs(mmbbl) | Bitumen (mmbbl) | Synthetic Crude Oil (mmbbl) | TotalLiquids (mmbbl) | Natural Gas (bcf) | TotalReserves(mmboe) |
|----------------------------------|----------------------------|-----------------|----------------------------------|----------------------|-------------------|----------------------|
| PROBABLE                         |                       |            |                             |                 |              |                 |
| Developed:                       |                       |            |                             |                 |              |                 |
| North America                    | 72                         | 23              | 79                               | 174                  | 709               | 292                  |
| International                    |                       |            |                             |                 |              |                 |
| United Kingdom – North Sea | 35                         | -               | -                                | 35                   | 8                 | 36                   |
| Offshore West Africa             | 5                          | -               | -                                | 5                    | 26                | 9                    |
| Total Developed:                 | 112                        | 23              | 79                               | 214                  | 743               | 337                  |
|                             |                       |            |                             |                 |              |                 |
| Undeveloped:                     |                       |            |                             |                 |              |                 |
| North America                    | 56                         | 495             | 783                              | 1,334                | 256               | 1,377                |
| International                    |                       |            |                             |                 |              |                 |
| United Kingdom – North Sea | 112                        | -               | -                                | 112                  | 19                | 116                  |
| Offshore West Africa             | 51                         | -               | -                                | 51                   | 13                | 53                   |
| Total Undeveloped:               | 219                        | 495             | 783                              | 1,497                | 288               | 1,546                |
| TOTAL PROBABLE:                  | 331                        | 518             | 862                              | 1,711                | 1,031             | 1,883                |

| Canadian Natural Resources Limited | 38 |
|------------------------------------|----|

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| Price Case                         | Proved Reserves            |
|------------------------------------|----------------------------|
|                               | Crude Oil& NGLs(mmbbl) | Bitumen(mmbbl) | SyntheticCrude Oil(mmbbl) | TotalLiquids(mmbbl) | NaturalGas (bcf) | TotalReserves(mmboe) |
| December 31, 2009 Forecast Pricing | 684                        | 652 | 1,564 | 2,900 | 3,491 | 3,482 |
|                               |                       |   |   |   |
| Price Case                         | Probable Reserves          |
|                               | Crude Oil& NGLs(mmbbl) | Bitumen(mmbbl) | SyntheticCrude Oil(mmbbl) | TotalLiquids(mmbbl) | NaturalGas (bcf) | TotalReserves(mmboe) |
| December 31, 2009 Forecast Pricing | 295                        | 482 | 820 | 1,597 | 1,174 | 1,793 |

| 1.   | “Net” reserves mean the Company’s gross reserves less all royalties payable to others plus royalties receivable from others. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Bitumen as defined by the SEC, under the Final Rule, “is petroleum in a solid or semi-solid state in natural deposits with a viscosity greater than 10,000 centipoise measured at original temperature in the deposit and atmospheric pressure, on a gas free basis.” Under this definition, all the Company’s primary and thermal heavy crude oil reserves have been reclassified as bitumen. Prior to December 31, 2009, these reserves would have been classified within the Company’s conventional crude oil and NGLs totals. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Prior to December 31, 2009, the Company’s Horizon SCO reserves were reported separately in accordance to the SEC’s Industry Guide 7. With SEC’s Final Rule in effect January 1, 2010, for fiscal years ending on or after December 31, 2009, this SCO is now included in the Company’s crude oil and natural gas reserve totals. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | “Proved” oil and gas reserves are those quantities of oil and gas, which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be economically producible from a given date forward, from known reservoirs, and under existing economic conditions, operating methods, and government regulations.  Under the Final Rule it is required that these reserves be evaluated using 12-month average prices and current costs and be disclosed net of royalties. The Company has also provided these reserves using forecast prices and costs in a sensitivity table as permitted by the SEC under the Final Rule. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | “Developed” oil and gas reserves are reserves of any category that are expected to be recovered through existing wells with existing equipment and operating methods or in which the cost of required equipment is relatively minor to the cost of drilling a new well; and through installed extraction equipment and infrastructure operational at the time of the reserves estimate if the extraction is by means not involving a well. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | “Undeveloped” reserves are reserves of any category that are expected to be recovered from new wells on undrilled acreage, or from existing wells where relatively major expenditures are required for the completion of these wells or for the installation of processing and gathering facilities prior to the production of these reserves. Reserves on undrilled acreage are limited to those drilling units directly offsetting development spacing areas that are reasonably certain of production when drilled unless reliable technology exists that establishes reasonable certainty of economic producibilty at greater distances. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | ”Probable” reserves estimates are provided as optional disclosure under the Final Rule.  Probable reserves are those additional reserves that are less certain to be recovered than proved, however, together with proved are as likely as not to be recovered. Under the Final Rule it is required that these be evaluated using 12-month average prices and current costs and be disclosed net of royalties.  The reserve estimates could be materially different from the quantities ultimately realized. The Company has also provided these reserves using forecast prices and costs in a sensitivity table as permitted by the SEC under the Final Rule. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 39    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| 8.   | The 12-month average price and current cost case assumes that the 2009 average prices adjusted for quality and transportation, as well as the 2009 costs, are held constant over life. The 12-month average prices are determined by calculating the arithmetic unweighted average of the first-day-of-month price for each month of the 12-month period prior to December 31, 2009. These price assumptions assume the continuance of current laws, regulations and operating costs in effect on the date of the Evaluation Report. Product prices have been held constant at the 2009 values shown below. In addition, operating and capital costs have not been increased on an inflationary basis. The following table outlines the prices calculated and used (based on a foreign exchange rate of US$0.87/C$1.00): |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | Natural gas 12-month average price |   |   | Crude oil & NGLs 12-month average price |   |
|--------|--------|------------------------------------|--------|--------|---------------------------------------------|--------|
| (Year) |   | Company average price(C$/mcf)      |   |   | Henry Hub Louisiana (US$/mmbtu)             |   |   | AECO (C$/mmbtu) |   |   | Huntingdon/ Sumas (C$/mmbtu) |   |   | Company average price(C$/bbl) |   |   | WTI @ Cushing(1) (US$/bbl) |   |   | WCS(2) (C$/bbl) |   |   | Edmonton Par(3)(C$/bbl) |   |   | North Sea Brent(US$/bbl) |   |
| 2009   |   |                               | 4.02   |   |                                        |   | 3.87 |   |   |   | 3.87 |   |   |   | 3.92 |   |   |   | 59.39 |   |   |   | 61.18 |   |   |   | 58.49 |   |   |   | 66.07 |   |   |   | 59.91 |   |

|          (1)   | “WTI @ Cushing” refers to the price of West Texas Intermediate crude oil at Cushing, Oklahoma. |
|------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------|

|          (2)   | “WCS” refers to the price of Western Canada Select at Hardisty, Alberta. |
|------------------------------------------------------------------|--------------------------------------------------------------------------------------|

|          (3)   | “Edmonton Par” refers to the price of light gravity (40° API), low sulphur content crude oil at Edmonton, Alberta. |
|------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|

| 9.   | The forecast price and cost case assumes the continuance of current laws and regulations, and any increases in wellhead selling prices also take inflation into account. Sales prices are based on reference prices as detailed below and adjusted for quality and transportation. Capital and operating costs are escalated at 2% per year.  Future crude oil, NGLs and natural gas price forecasts were based on Sproule’s December 31, 2009 crude oil, NGLs and natural gas pricing model. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company’s weighted average crude oil and NGLs price and the weighted average natural gas price in the 2009 evaluation for 2010 were $75.92 per barrel and $5.48 per mcf respectively. The crude oil, NGLs and natural gas forecast prices used in the Evaluation Reports are as follows: |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | Natural gas                   |   |   | Crude oil & NGLs            |   |
|--------|--------|-------------------------------|--------|--------|---------------------------------|--------|
| (Year) |   | Company average price(C$/mcf) |   |   | Henry Hub Louisiana (US$/mmbtu) |   |   | AECO(C$/mmbtu) |   |   | Huntingdon/ Sumas (C$/mmbtu) |   |   | Company average price(C$/bbl) |   |   | WTI @ Cushing (US$/bbl) |   |   | WCS(C$/bbl) |   |   | Edmonton Par(C$/bbl) |   |   | North Sea Brent (US$/bbl) |   |
| 2010   |   |                          | 5.48   |   |                            |   | 5.70 |   |   |   | 5.36 |   |   |   | 5.61 |   |   |   | 75.92 |   |   |   | 79.17 |   |   |   | 74.14 |   |   |   | 84.25 |   |   |   | 77.92 |   |
| 2011   |   |                          | 6.36   |   |                            |   | 6.48 |   |   |   | 6.21 |   |   |   | 6.46 |   |   |   | 80.82 |   |   |   | 84.46 |   |   |   | 78.29 |   |   |   | 89.99 |   |   |   | 83.19 |   |
| 2012   |   |                          | 6.60   |   |                            |   | 6.70 |   |   |   | 6.44 |   |   |   | 6.69 |   |   |   | 82.83 |   |   |   | 86.89 |   |   |   | 76.86 |   |   |   | 92.61 |   |   |   | 85.59 |   |
| 2013   |   |                          | 7.43   |   |                            |   | 7.43 |   |   |   | 7.23 |   |   |   | 7.48 |   |   |   | 85.32 |   |   |   | 90.20 |   |   |   | 78.87 |   |   |   | 96.19 |   |   |   | 88.88 |   |
| 2014   |   |                          | 8.20   |   |                            |   | 8.12 |   |   |   | 7.98 |   |   |   | 8.23 |   |   |   | 87.11 |   |   |   | 92.01 |   |   |   | 79.49 |   |   |   | 98.13 |   |   |   | 90.65 |   |
| 2015   |   |                          | 8.39   |   |                            |   | 8.28 |   |   |   | 8.16 |   |   |   | 8.41 |   |   |   | 89.18 |   |   |   | 93.85 |   |   |   | 81.09 |   |   |   | 100.11 |   |   |   | 92.47 |   |
| 2016   |   |                          | 8.53   |   |                            |   | 8.45 |   |   |   | 8.34 |   |   |   | 8.59 |   |   |   | 90.73 |   |   |   | 95.72 |   |   |   | 82.73 |   |   |   | 102.13 |   |   |   | 94.32 |   |
| 2017   |   |                          | 8.70   |   |                            |   | 8.62 |   |   |   | 8.52 |   |   |   | 8.77 |   |   |   | 93.64 |   |   |   | 97.64 |   |   |   | 84.40 |   |   |   | 104.19 |   |   |   | 96.20 |   |
| 2018   |   |                          | 8.87   |   |                            |   | 8.79 |   |   |   | 8.71 |   |   |   | 8.96 |   |   |   | 95.97 |   |   |   | 99.59 |   |   |   | 86.10 |   |   |   | 106.30 |   |   |   | 98.13 |   |
| 2019   |   |                          | 9.06   |   |                            |   | 8.96 |   |   |   | 8.90 |   |   |   | 9.15 |   |   |   | 99.53 |   |   |   | 101.58 |   |   |   | 87.84 |   |   |   | 108.44 |   |   |   | 100.09 |   |
| 2020   |   |                          | 9.26   |   |                            |   | 9.14 |   |   |   | 9.10 |   |   |   | 9.35 |   |   |   | 101.42 |   |   |   | 103.61 |   |   |   | 89.61 |   |   |   | 110.63 |   |   |   | 102.09 |   |

| Canadian Natural Resources Limited | 40 |
|------------------------------------|----|

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| 10.   | The estimated total development capital costs, net to the Company, necessary to develop the reported reserves, excluding abandonment and reclamation cost associated with existing assets, are as follows: |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|         |   | Proved                     |   |   | Probable            |   |
|--------------|--------|----------------------------|--------|--------|---------------------|--------|
| (C$millions) |   | 12-MonthAverage Price Case |   |   | Forecast Price Case |   |   | 12-MonthAverage Price Case |   |   | Forecast Price Case |   |
| 2010         |   |                       | 2,003  |   |                |   | 2,033 |   |   |   | 298 |   |   |   | 292 |   |
| 2011         |   |                       | 2,250  |   |                |   | 2,382 |   |   |   | 1,578 |   |   |   | 1,615 |   |
| 2012         |   |                       | 1,868  |   |                |   | 2,028 |   |   |   | 2,616 |   |   |   | 2,735 |   |
| 2013         |   |                       | 1,711  |   |                |   | 1,907 |   |   |   | 3,552 |   |   |   | 3,832 |   |
| 2014         |   |                       | 1,173  |   |                |   | 1,331 |   |   |   | 3,155 |   |   |   | 3,419 |   |
| 2015         |   |                       | 941    |   |                |   | 1,115 |   |   |   | 1,557 |   |   |   | 1,727 |   |
| 2016         |   |                       | 1,023  |   |                |   | 1,200 |   |   |   | 1,369 |   |   |   | 1,551 |   |
| 2017         |   |                       | 736    |   |                |   | 894 |   |   |   | 285 |   |   |   | 331 |   |
| 2018         |   |                       | 564    |   |                |   | 704 |   |   |   | 309 |   |   |   | 346 |   |
| 2019         |   |                       | 575    |   |                |   | 701 |   |   |   | 283 |   |   |   | 341 |   |
| 2020         |   |                       | 533    |   |                |   | 655 |   |   |   | 273 |   |   |   | 376 |   |
| Thereafter   |   |                       | 8,832  |   |                |   | 15,742 |   |   |   | 5,226 |   |   |   | 6,855 |   |

| 11.   | The Evaluation Reports involved data supplied by the Company with respect to quality, heating value and transportation adjustments, interests owned, royalties payable, operating costs and contractual commitments. This data was found by GLJ and Sproule to be reasonable. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A report on reserves data by the independent qualified reserves evaluators are provided in Schedule “A” to this Annual Information Form. A report by the Company’s management and directors on crude oil and natural gas disclosure is provided in Schedule “B” to this Annual Information Form. The Company does not file estimates of its total crude oil and natural gas reserves with any U. S. agency or federal authority other than the SEC. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 41    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| C.   | RECONCILIATION OF CHANGES IN NET RESERVES |
|----------------|-------------------------------------------|

|                              |  North America   | International  |  Total         |
|-----------------------------------|-----------------------|---------------------|---------------------|
| Net Proved Reserves (mmbbl)  | SyntheticCrude Oil(1) | Bitumen             | Crude Oil& NGLs | Total | NorthSea | Offshore  West Africa  |   |
| Reserves, December 31, 2007(1)    |                  |                |                | 920 | 310 | 128 | 1,358 |
| Extensions and discoveries        |                  |                |                | 51 | - | - | 51 |
| Improved recovery                 |                  |                |                | 17 | 6 | 4 | 27 |
| Purchases of reserves in place    |                  |                |                | - | - | - | - |
| Sales of reserves in place        |                  |                |                | - | - | - | - |
| Production                        |                  |                |                | (76) | (17) | (8) | (101) |
| Economic revisions due to prices  |                  |                |                | 28 | (81) | 8 | (45) |
| Revisions of prior estimates      |                  |                |                | 8 | 38 | 10 | 56 |
| Reserves, December 31, 2008(1)    | –               | 690                 | 258                 | 948 | 256 | 142 | 1,346 |
| Extensions and discoveries        | –               | 24                  | 6                   | 30 | – | – | 30 |
| Improved recovery                 | –               | 8                   | 75                  | 83 | – | – | 83 |
| SEC Reliable Technology (2)       | –               | 7                   | –             | 7 | – | – | 7 |
| SEC Rule Transition (3)           | 1,650                 | –             | –             | 1,650 | – | – | 1,650 |
| Purchases of reserves in place    | –               | –             | 1                   | 1 | – | – | 1 |
| Sales of reserves in place        | –               | –             | –             | – | – | – | – |
| Production                        | –               | (49)                | (24)                | (73) | (14) | (11) | (98) |
| Economic revisions due to prices  | –               | (64)                | (8)                 | (72) | 57 | (4) | (19) |
| Revisions of prior estimates      | –               | 79                  | 11                  | 90 | (59) | (4) | 27 |
| Reserves, December 31, 2009       | 1,650                 | 695                 | 319                 | 2,664 | 240 | 123 | 3,027 |

| Canadian Natural Resources Limited | 42 |
|------------------------------------|----|

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|                             | North America          | International | Total                            |
|----------------------------------|------------------------|---------------|----------------------------------|
| Net Probable Reserves(mmbbl)(4)  | SyntheticCrude Oil (1) | Bitumen       | Crude Oil  & NGLs  | Total | NorthSea | OffshoreWest Africa |   |
| Reserves, December 31, 2007(1)   |                   |          |                             | 625 | 95 | 58 | 778 |
| Extensions and discoveries       |                   |          |                             | 25 | - | - | 25 |
| Improved recovery                |                   |          |                             | 15 | (2) | (4) | 9 |
| Purchases of reserves in place   |                   |          |                             | 6 | - | - | 6 |
| Sales of reserves in place       |                   |          |                             | - | - | - | - |
| Production                       |                   |          |                             | - | - | - | - |
| Economic revisions due to prices |                   |          |                             | 31 | 36 | - | 67 |
| Revisions of prior estimates     |                   |          |                             | (51) | 14 | (5) | (42) |
| Reserves, December 31, 2008(1)   | -                      | 548           | 103                              | 651 | 143 | 49 | 843 |
| Extensions and discoveries       | -                      | 11            | 5                                | 16 | - | - | 16 |
| Improved recovery                | -                      | 4             | 37                               | 41 | - | - | 41 |
| SEC Reliable Technology (2)      | -                      | 3             | -                                | 3 | - | - | 3 |
| SEC Rule Transition (3)          | 862                    | -             | -                                | 862 | - | - | 862 |
| Purchases of reserves in place   | -                      | -             | 1                                | 1 | - | - | 1 |
| Sales of reserves in place       | -                      | -             | -                                | - | - | - | - |
| Production                       | -                      | -             | -                                | - | - | - | - |
| Economic revisions due to prices | -                      | (71)          | 5                                | (66) | (44) | (2) | (112) |
| Revisions of prior estimates     | -                      | 23            | (23)                             | - | 48 | 9 | 57 |
| Reserves, December 31, 2009      | 862                    | 518           | 128                              | 1,508 | 147 | 56 | 1,711 |

| 43    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| Natural Gas Reserves Reconciliation, Net of Royalties |
|-------------------------------------------------------|
| Net Proved Reserves (bcf)                             | North  America   | North Sea  | Offshore  West Africa   | Total |
| Reserves, December 31, 2007(1)                        | 3,521  | 81 | 64  | 3,666 |
| Extensions and discoveries                            | 140  | - | -  | 140 |
| Improved recovery                                     | 52  | (1) | 6  | 57 |
| Property purchases                                    | 77  | - | -  | 77 |
| Property disposals                                    | (1)  | - | -  | (1) |
| Production                                            | (449)  | (4) | (4)  | (457) |
| Economic revisions due to prices                      | (19)  | (56) | 6  | (69) |
| Revisions of prior estimates                          | 202  | 47 | 22  | 271 |
| Reserves, December 31, 2008(1)                        | 3,523  | 67 | 94  | 3,684 |
| Extensions and discoveries                            | 92  | - | -  | 92 |
| Improved recovery                                     | 11  | - | -  | 11 |
| SEC Reliable Technology (2)                           | -  | - | -  | - |
| Property purchases                                    | 15  | - | -  | 15 |
| Property disposals                                    | (6)  | - | -  | (6) |
| Production                                            | (443)  | (4) | (6)  | (453) |
| Economic revisions due to prices                      | (335)  | 12 | (4)  | (327) |
| Revisions of prior estimates                          | 170  | (8) | 1  | 163 |
| Reserves, December 31, 2009                           | 3,027  | 67 | 85  | 3,179 |

| Canadian Natural Resources Limited | 44 |
|------------------------------------|----|

----

| Net Probable Reserves (bcf)(4)  | NorthAmerica | NorthSea | OffshoreWest Africa | Total |
|--------------------------------------|--------------|----------|---------------------|-------|
| Reserves, December 31, 2007(1)       | 1,081        | 32       | 24                  | 1,137 |
| Extensions and discoveries           | 42           | -        | -                   | 42    |
| Improved recovery                    | 14           | (2)      | (6)                 | 6     |
| Property purchases                   | 16           | -        | -                   | 16    |
| Property disposals                   | (5)          | -        | -                   | (5)   |
| Production                           | -            | -        | -                   | -     |
| Economic revisions due to prices     | (8)          | (7)      | 2                   | (13)  |
| Revisions of prior estimates         | (44)         | 4        | 17                  | (23)  |
| Reserves, December 31, 2008(1)       | 1,096        | 27       | 37                  | 1,160 |
| Extensions and discoveries           | 19           | -        | -                   | 19    |
| Improved recovery                    | 2            | -        | -                   | 2     |
| SEC Reliable Technology (2)          | -            | -        | -                   | -     |
| Property purchases                   | 4            | -        | -                   | 4     |
| Property disposals                   | (1)          | -        | -                   | (1)   |
| Production                           | -            | -        | -                   | -     |
| Economic revisions due to prices     | (94)         | (5)      | (1)                 | (100) |
| Revisions of prior estimates         | (61)         | 5        | 3                   | (53)  |
| Reserves, December 31, 2009          | 965          | 27       | 39                  | 1,031 |

| 1.   | Reserves evaluated prior to December 31, 2009 were evaluated based on year end prices and costs.  Previous year totals do not include SCO reserves. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | SEC Reliable Technology accounts for reserves volumes added due to the reserves rule changes to allow booking of undeveloped reserves beyond one spacing unit with supporting geoscience and engineering data. Canadian Natural uses the combination of seismic, well logs, core analysis, production history and analogies to support the booking of undeveloped reserves. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | SEC Rule Transition accounts for the inclusion of Horizon SCO reserves volume additions as a result of oil sands mining being included as a crude oil and natural gas activity effective December 31, 2009. For continuity purposes, with respect to the transition from Industry Guide 7 into the SEC’s Final Rule, the following table has been provided to illustrate the changes in the Company’s Horizon SCO reserves for the 2009 year. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                             |                           |                         |
|----------------------------------|--------------------------------|------------------------------|
| Horizon SCO Reserves             | Net Proved (mmbbl)   | Probable (mmbbl)   |
| Reserves, December 31, 2008      | 1,946                          | 998                          |
| Production                       | (18)                           | -                            |
| Economic revisions due to prices | (307)                          | (127)                        |
| Revisions of prior estimates     | 29                             | (9)                          |
| Reserves, December 31, 2009      | 1,650                          | 862                          |

| 4.   | Prior to December 31, 2009, probable reserve estimates were evaluated in accordance with the standards of COGEH. |
|----------------|------------------------------------------------------------------------------------------------------------------|

| 45    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

----

| D. | CRUDE OIL, NGLs, AND NATURAL GAS PRODUCTION |
|----|---------------------------------------------|

|                                                 | Year Ended December 31 |
|------------------------------------------------------|------------------------|
| Daily Production, before royalties                   | 2009                   | 2008 | 2007 |
| Crude oil and NGLs production, (bbl/d)               |                   |   |   |
| North America - Conventional                         | 234,523                | 243,826 | 246,779 |
| North America – Oil sands Mining and Upgrading | 50,250                 | - | - |
| North Sea                                            | 37,761                 | 45,274 | 55,933 |
| Offshore West Africa                                 | 32,929                 | 26,567 | 28,520 |
|                                                 | 355,463                | 315,667 | 331,232 |
| Natural gas production (mmcf/d)                      |                   |   |   |
| North America                                        | 1,287                  | 1,472 | 1,643 |
| North Sea                                            | 10                     | 10 | 13 |
| Offshore West Africa                                 | 18                     | 13 | 12 |
|                                                 | 1,315                  | 1,495 | 1,668 |
| Total Production boe/d                               | 574,730                | 564,845 | 609,206 |

|                                                 | Year Ended December 31 |
|------------------------------------------------------|------------------------|
| Daily Production, net of royalties                   | 2009                   | 2008 | 2007 |
| Crude oil and NGLs production, (bbl/d)               |                   |   |   |
| North America - Conventional                         | 201,873                | 207,933 | 210,769 |
| North America – Oil sands Mining and Upgrading | 48,833                 | - | - |
| North Sea                                            | 37,683                 | 45,182 | 55,825 |
| Offshore West Africa                                 | 29,922                 | 22,641 | 26,012 |
|                                                 | 318,311                | 275,756 | 292,606 |
| Natural gas production (mmcf/d)                      |                   |   |   |
| North America                                        | 1,214                  | 1,225 | 1,378 |
| North Sea                                            | 10                     | 10 | 13 |
| Offshore West Africa                                 | 17                     | 11 | 11 |
|                                                 | 1,241                  | 1,246 | 1,402 |
| Total Production boe/d                               | 525,103                | 483,541 | 526,193 |

| Canadian Natural Resources Limited | 46 |
|------------------------------------|----|

----

|                                                     |   | 2009   |    | 2008   |   |
|----------------------------------------------------------|--------|--------|---------|--------|--------|
|                                                     |   |   | Q1      |   |   |   | Q2 |   |   |   | Q3 |   |   |   | Q4 |   |   | Year Ended |   |   |   | Q1 |   |   |   | Q2 |   |   |   | Q3 |   |   |   | Q4 |   |   | Year Ended |   |
| Average daily production volumes, before royalties       |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional Crude oil and   NGLs (bbl/d) |   |   | 326,633 |   |   |   | 306,073 |   |   |   | 292,363 |   |   |   | 296,257 |   |   |   | 305,213 |   |   |   | 327,217 |   |   |   | 319,077 |   |   |   | 306,970 |   |   |   | 309,570 |   |   |   | 315,667 |   |
| SCO (bbl/d)                                              |   |   | 3,384   |   |   |   | 59,599 |   |   |   | 66,907 |   |   |   | 70,194 |   |   |   | 50,250 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Natural gas (mmcf/d)                                     |   |   | 1,369   |   |   |   | 1,352 |   |   |   | 1,293 |   |   |   | 1,250 |   |   |   | 1,315 |   |   |   | 1,538 |   |   |   | 1,526 |   |   |   | 1,490 |   |   |   | 1,427 |   |   |   | 1,495 |   |
|                                                     |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Product netbacks (1)                                     |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional Crude oil and NGLs ($/bbl)                  |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Sales price (2)                             |   | $      | 41.25   |   |   | $ | 59.56 |   |   | $ | 62.90 |   |   | $ | 68.00 |   |   | $ | 57.68 |   |   | $ | 78.99 |   |   | $ | 103.70 |   |   | $ | 102.30 |   |   | $ | 45.81 |   |   | $ | 82.41 |   |
|    Royalties                                   |   |   | 3.98    |   |   |   | 7.27 |   |   |   | 7.89 |   |   |   | 7.96 |   |   |   | 6.73 |   |   |   | 8.70 |   |   |   | 14.82 |   |   |   | 14.17 |   |   |   | 4.49 |   |   |   | 10.48 |   |
|    Production     expenses |   |   | 15.02   |   |   |   | 16.59 |   |   |   | 16.71 |   |   |   | 15.45 |   |   |   | 15.92 |   |   |   | 14.81 |   |   |   | 16.39 |   |   |   | 17.61 |   |   |   | 16.33 |   |   |   | 16.26 |   |
|    Netback                                |   | $      | 22.25   |   |   | $ | 35.70 |   |   | $ | 38.30 |   |   | $ | 44.59 |   |   | $ | 35.03 |   |   | $ | 55.48 |   |   | $ | 72.52 |   |   | $ | 70.52 |   |   | $ | 24.99 |   |   | $ | 55.67 |   |
|                                                     |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SCO ($/bbl)                                              |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Sales price (2)                             |   | $      | -       |   |   | $ | 65.40 |   |   | $ | 69.11 |   |   | $ | 76.33 |   |   | $ | 70.83 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|    Royalties                                   |   |   | -       |   |   |   | 0.76 |   |   |   | 2.19 |   |   |   | 3.06 |   |   |   | 2.15 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|    Production    expenses  |   |   |    |   |   |   | 42.65 |   |   |   | 36.85 |   |   |   | 41.21 |   |   |   | 39.89 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|    Netback                                |   | $      | -       |   |   | $ | 21.99 |   |   | $ | 30.07 |   |   | $ | 32.06 |   |   | $ | 28.79 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                     |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Natural gas ($/mcf)                                      |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Sales price (2)                             |   | $      | 5.46    |   |   | $ | 4.11 |   |   | $ | 3.80 |   |   | $ | 4.75 |   |   | $ | 4.53 |   |   | $ | 7.77 |   |   | $ | 9.89 |   |   | $ | 8.82 |   |   | $ | 7.03 |   |   | $ | 8.39 |   |
|    Royalties(3)                                |   |   | 0.72    |   |   |   | 0.06 |   |   |   | 0.13 |   |   |   | 0.35 |   |   |   | 0.32 |   |   |   | 1.35 |   |   |   | 1.86 |   |   |   | 1.55 |   |   |   | 1.08 |   |   |   | 1.46 |   |
|    Production     expenses |   |   | 1.18    |   |   |   | 1.05 |   |   |   | 1.05 |   |   |   | 1.03 |   |   |   | 1.08 |   |   |   | 1.03 |   |   |   | 0.94 |   |   |   | 1.05 |   |   |   | 1.06 |   |   |   | 1.02 |   |
|    Netback                                     |   | $      | 3.56    |   |   | $ | 3.00 |   |   | $ | 2.62 |   |   | $ | 3.37 |   |   | $ | 3.13 |   |   | $ | 5.39 |   |   | $ | 7.09 |   |   | $ | 6.22 |   |   | $ | 4.89 |   |   | $ | 5.91 |   |
|                                                     |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional Crude oil and NGLs netbacks by type(1)      |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Light/Medium/Pelican Lake/NGLs ($/bbl)                   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Sales price (2)                             |   | $      | 47.93   |   |   | $ | 60.87 |   |   | $ | 65.58 |   |   | $ | 70.82 |   |   | $ | 61.37 |   |   | $ | 89.68 |   |   | $ | 114.69 |   |   | $ | 107.33 |   |   | $ | 53.16 |   |   | $ | 90.88 |   |
|    Royalties                                   |   |   | 4.94    |   |   |   | 6.70 |   |   |   | 9.27 |   |   |   | 7.96 |   |   |   | 7.20 |   |   |   | 11.43 |   |   |   | 14.59 |   |   |   | 15.84 |   |   |   | 5.71 |   |   |   | 11.83 |   |
|    Production    expenses  |   |   | 15.02   |   |   |   | 16.87 |   |   |   | 17.48 |   |   |   | 16.79 |   |   |   | 16.53 |   |   |   | 15.09 |   |   |   | 16.13 |   |   |   | 17.18 |   |   |   | 17.92 |   |   |   | 16.56 |   |
|    Netback                                     |   | $      | 27.97   |   |   | $ | 37.30 |   |   | $ | 38.83 |   |   | $ | 46.07 |   |   | $ | 37.64 |   |   | $ | 63.15 |   |   | $ | 83.97 |   |   | $ | 74.30 |   |   | $ | 29.53 |   |   | $ | 62.49 |   |
|                                                     |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Primary and Thermal Heavy crude oil ($/bbl)              |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Sales price (2)                             |   | $      | 34.80   |   |   | $ | 58.14 |   |   | $ | 60.08 |   |   | $ | 64.73 |   |   | $ | 53.76 |   |   | $ | 67.46 |   |   | $ | 92.55 |   |   | $ | 97.20 |   |   | $ | 38.21 |   |   | $ | 73.62 |   |
|    Royalties                                   |   |   | 3.06    |   |   |   | 7.89 |   |   |   | 6.43 |   |   |   | 7.97 |   |   |   | 6.23 |   |   |   | 5.74 |   |   |   | 15.05 |   |   |   | 12.47 |   |   |   | 3.22 |   |   |   | 9.08 |   |
|    Production    expenses  |   |   | 15.02   |   |   |   | 16.29 |   |   |   | 15.91 |   |   |   | 13.89 |   |   |   | 15.27 |   |   |   | 14.50 |   |   |   | 16.65 |   |   |   | 18.05 |   |   |   | 14.68 |   |   |   | 15.95 |   |
|    Netback                                     |   | $      | 16.72   |   |   | $ | 33.96 |   |   | $ | 37.74 |   |   | $ | 42.87 |   |   | $ | 32.26 |   |   | $ | 47.22 |   |   | $ | 60.85 |   |   | $ | 66.68 |   |   | $ | 20.31 |   |   | $ | 48.59 |   |

| (1)   | Amounts expressed on a per unit basis are based on sales volumes. |
|-----------------|-------------------------------------------------------------------|

| (2)   | Net of transportation and blending costs and excluding risk management activities. |
|-----------------|------------------------------------------------------------------------------------|

| (3)   | Natural gas royalties for 2009 reflect the impact of natural gas physical sales contracts. |
|-----------------|--------------------------------------------------------------------------------------------|

| 47    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

----

| NETBACKS                                            |   |
|-----------------------------------------------------|--------|
| INFORMATION BY QUARTER                              |   |
|                                                |   | 2007 |   |
|                                                |   |   | Q1 |   |   |   | Q2 |   |   |   | Q3 |   |   |   | Q4 |   |   | YearEnded |   |
| Average daily production volumes, before royalties  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional Crude oil and NGLs (bbl/d)             |   |   | 327,001 |   |   |   | 327,494 |   |   |   | 333,062 |   |   |   | 337,240 |   |   |   | 331,232 |   |
| Natural gas (mmcf/d)                                |   |   | 1,717 |   |   |   | 1,722 |   |   |   | 1,647 |   |   |   | 1,589 |   |   |   | 1,668 |   |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Product netbacks(1)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional Crude oil and NGLs ($/bbl)             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sales price (2)                                     |   | $ | 51.71 |   |   | $ | 53.74 |   |   | $ | 58.10 |   |   | $ | 58.03 |   |   | $ | 55.45 |   |
| Royalties                                           |   |   | 4.92 |   |   |   | 5.46 |   |   |   | 6.65 |   |   |   | 6.66 |   |   |   | 5.94 |   |
| Productionexpenses                                  |   |   | 13.81 |   |   |   | 15.01 |   |   |   | 13.13 |   |   |   | 11.53 |   |   |   | 13.34 |   |
| Netback                                             |   | $ | 32.98 |   |   | $ | 33.27 |   |   | $ | 38.32 |   |   | $ | 39.84 |   |   | $ | 36.17 |   |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Natural gas ($/mcf)                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sales price (2)                                     |   | $ | 7.74 |   |   | $ | 7.44 |   |   | $ | 5.87 |   |   | $ | 6.28 |   |   | $ | 6.85 |   |
| Royalties                                           |   |   | 1.48 |   |   |   | 1.10 |   |   |   | 0.89 |   |   |   | 0.94 |   |   |   | 1.11 |   |
| Productionexpenses                                  |   |   | 0.97 |   |   |   | 0.89 |   |   |   | 0.88 |   |   |   | 0.91 |   |   |   | 0.91 |   |
| Netback                                             |   | $ | 5.29 |   |   | $ | 5.45 |   |   | $ | 4.10 |   |   | $ | 4.43 |   |   | $ | 4.83 |   |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional Crude oil and NGLs netbacks by type(1) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Light/Medium/Pelican Lake/NGLs ($/bbl)              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sales price (2)                                     |   | $ | 60.19 |   |   | $ | 64.10 |   |   | $ | 67.34 |   |   | $ | 72.62 |   |   | $ | 65.99 |   |
| Royalties                                           |   |   | 4.89 |   |   |   | 5.87 |   |   |   | 7.24 |   |   |   | 8.34 |   |   |   | 6.57 |   |
| Productionexpenses                                  |   |   | 13.85 |   |   |   | 14.91 |   |   |   | 14.40 |   |   |   | 12.64 |   |   |   | 13.95 |   |
| Netback                                             |   | $ | 41.45 |   |   | $ | 43.32 |   |   | $ | 45.70 |   |   | $ | 51.64 |   |   | $ | 45.47 |   |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Primary and Thermal Heavy crude oil ($/bbl)         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sales price (2)                                     |   | $ | 41.24 |   |   | $ | 41.85 |   |   | $ | 48.10 |   |   | $ | 43.06 |   |   | $ | 43.66 |   |
| Royalties                                           |   |   | 4.96 |   |   |   | 4.98 |   |   |   | 6.00 |   |   |   | 4.95 |   |   |   | 5.23 |   |
| Productionexpenses                                  |   |   | 13.76 |   |   |   | 15.12 |   |   |   | 11.75 |   |   |   | 10.38 |   |   |   | 12.66 |   |
| Netback                                             |   | $ | 22.52 |   |   | $ | 21.75 |   |   | $ | 30.35 |   |   | $ | 27.73 |   |   | $ | 25.77 |   |

| (1)   | Amounts expressed on a per unit basis are based on sales volumes. |
|-----------------|-------------------------------------------------------------------|

| (2)   | Net of transportation and blending costs and excluding risk management activities. |
|-----------------|------------------------------------------------------------------------------------|

| Canadian Natural Resources Limited | 48 |
|------------------------------------|----|

----

|                                                    |   2009 |   |   2008 |
|---------------------------------------------------------|------------------|--------|------------------|
|                                                    |             |   | Q1               |   |   |   | Q2 |   |   |   | Q3 |   |   |   | Q4 |   |   | Year Ended |   |   |  Q1 |   |   |  Q2 |   |   |  Q3 |   |   | Q4 |   |   |  Year Ended |   |
| SEGMENTED                                               |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| North America product netbacks(1)                       |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Light/Medium/Pelican Lake/NGLs ($/bbl)                  |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Sales price (2)                            |             | $      | 42.39            |   |   | $ | 57.67 |   |   | $ | 60.06 |   |   | $ | 65.80 |   |   | $ | 56.38 |   |   | $ | 82.25 |   |   | $ | 107.38 |   |   | $ | 102.17 |   |   | $ | 44.21 |   |   | $ | 84.00 |   |
|    Royalties                                  |             |   | 7.37             |   |   |   | 10.49 |   |   |   | 12.75 |   |   |   | 13.21 |   |   |   | 10.93 |   |   |   | 16.40 |   |   |   | 21.68 |   |   |   | 21.29 |   |   |   | 8.80 |   |   |   | 17.20 |   |
|    Production    expenses |             |   | 13.80            |   |   |   | 13.54 |   |   |   | 14.00 |   |   |   | 12.67 |   |   |   | 13.51 |   |   |   | 12.80 |   |   |   | 13.32 |   |   |   | 13.17 |   |   |   | 13.68 |   |   |   | 13.24 |   |
|    Netback                                    |             | $      | 21.22            |   |   | $ | 33.64 |   |   | $ | 33.31 |   |   | $ | 39.92 |   |   | $ | 31.94 |   |   | $ | 53.05 |   |   | $ | 72.38 |   |   | $ | 67.70 |   |   | $ | 21.73 |   |   | $ | 53.72 |   |
|                                                    |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Primary and Thermal Heavy crude oil ($/bbl)             |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Sales price (2)                            |             | $      | 34.80            |   |   | $ | 58.14 |   |   | $ | 60.08 |   |   | $ | 64.73 |   |   | $ | 53.76 |   |   | $ | 67.46 |   |   | $ | 92.55 |   |   | $ | 97.20 |   |   | $ | 38.21 |   |   | $ | 73.62 |   |
|    Royalties                                  |             |   | 3.06             |   |   |   | 7.89 |   |   |   | 6.43 |   |   |   | 7.97 |   |   |   | 6.23 |   |   |   | 5.74 |   |   |   | 15.05 |   |   |   | 12.47 |   |   |   | 3.22 |   |   |   | 9.08 |   |
|    Production    expenses |             |   | 15.02            |   |   |   | 16.29 |   |   |   | 15.91 |   |   |   | 13.89 |   |   |   | 15.27 |   |   |   | 14.50 |   |   |   | 16.65 |   |   |   | 18.05 |   |   |   | 14.68 |   |   |   | 15.95 |   |
|    Netback                                    |             | $      | 16.72            |   |   | $ | 33.96 |   |   | $ | 37.74 |   |   | $ | 42.87 |   |   | $ | 32.26 |   |   | $ | 47.22 |   |   | $ | 60.85 |   |   | $ | 66.68 |   |   | $ | 20.31 |   |   | $ | 48.59 |   |
|                                                    |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SCO ($/bbl)                                             |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Sales price (2)                            |             | $      | -                |   |   | $ | 65.40 |   |   | $ | 69.11 |   |   | $ | 76.33 |   |   | $ | 70.83 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|    Royalties                                  |             |   | -                |   |   |   | 0.76 |   |   |   | 2.19 |   |   |   | 3.06 |   |   |   | 2.15 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|    Production    expenses |             |   | -                |   |   |   | 42.65 |   |   |   | 36.85 |   |   |   | 41.21 |   |   |   | 39.89 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|    Netback                                    |             | $      | -                |   |   | $ | 21.99 |   |   | $ | 30.07 |   |   | $ | 32.06 |   |   | $ | 28.79 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                    |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Natural gas ($/mcf)                                     |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Sales price (2)                            |             | $      | 5.46             |   |   | $ | 4.06 |   |   | $ | 3.76 |   |   | $ | 4.75 |   |   | $ | 4.51 |   |   | $ | 7.74 |   |   | $ | 9.89 |   |   | $ | 8.76 |   |   | $ | 6.94 |   |   | $ | 8.41 |   |
|    Royalties(3)                               |             |   | 0.73             |   |   |   | 0.05 |   |   |   | 0.12 |   |   |   | 0.35 |   |   |   | 0.32 |   |   |   | 1.36 |   |   |   | 1.88 |   |   |   | 1.55 |   |   |   | 1.09 |   |   |   | 1.47 |   |
|    Production    expenses |             |   | 1.17             |   |   |   | 1.04 |   |   |   | 1.04 |   |   |   | 1.01 |   |   |   | 1.07 |   |   |   | 1.01 |   |   |   | 0.98 |   |   |   | 1.03 |   |   |   | 1.04 |   |   |   | 1.00 |   |
|    Netback                                    |             | $      | 3.56             |   |   | $ | 2.97 |   |   | $ | 2.60 |   |   | $ | 3.39 |   |   | $ | 3.12 |   |   | $ | 5.37 |   |   | $ | 7.08 |   |   | $ | 6.18 |   |   | $ | 4.81 |   |   | $ | 5.88 |   |
|                                                    |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| North Sea product netbacks(1)                           |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Light crude oil ($/bbl)                                 |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Sales price (2)                            |             | $      | 54.67            |   |   | $ | 65.52 |   |   | $ | 75.91 |   |   | $ | 78.89 |   |   | $ | 68.84 |   |   | $ | 99.01 |   |   | $ | 129.57 |   |   | $ | 109.82 |   |   | $ | 63.07 |   |   | $ | 100.31 |   |
|    Royalties                                  |             |   | 0.13             |   |   |   | 0.11 |   |   |   | 0.16 |   |   |   | 0.15 |   |   |   | 0.14 |   |   |   | 0.91 |   |   |   | 0.27 |   |   |   | 0.24 |   |   |   | 0.12 |   |   |   | 0.21 |   |
|    Production    expenses |             |   | 22.39            |   |   |   | 27.36 |   |   |   | 31.30 |   |   |   | 27.03 |   |   |   | 26.98 |   |   |   | 22.35 |   |   |   | 25.61 |   |   |   | 29.21 |   |   |   | 28.77 |   |   |   | 26.29 |   |
|    Netback                                    |             | $      | 32.15            |   |   | $ | 38.05 |   |   | $ | 44.45 |   |   | $ | 51.71 |   |   | $ | 41.72 |   |   | $ | 76.47 |   |   | $ | 103.69 |   |   | $ | 80.37 |   |   | $ | 34.18 |   |   | $ | 73.81 |   |
|    Natural Gas ($/mcf)                        |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Sales price (2)                            |             | $      | 4.28             |   |   | $ | 3.84 |   |   | $ | 5.70 |   |   | $ | 4.94 |   |   | $ | 4.66 |   |   | $ | 3.30 |   |   | $ | 4.27 |   |   | $ | 3.65 |   |   | $ | 5.19 |   |   | $ | 4.09 |   |
|    Royalties                                  |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|    Production    expenses |             |   | 1.86             |   |   |   | 1.62 |   |   |   | 1.57 |   |   |   | 3.23 |   |   |   | 2.16 |   |   |   | 2.33 |   |   |   | 2.68 |   |   |   | 3.09 |   |   |   | 1.96 |   |   |   | 2.51 |   |
|    Netback                                    |             | $      | 2.42             |   |   | $ | 2.22 |   |   | $ | 4.13 |   |   | $ | 1.71 |   |   | $ | 2.50 |   |   | $ | 0.97 |   |   | $ | 1.59 |   |   | $ | 0.56 |   |   | $ | 3.23 |   |   | $ | 1.58 |   |
|                                                    |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Offshore West Africa product netbacks(1)                |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Light crude oil ($/bbl)                                 |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Sales price (2)                            |             | $      | 54.27            |   |   | $ | 63.00 |   |   | $ | 70.05 |   |   | $ | 72.88 |   |   | $ | 65.27 |   |   | $ | 96.31 |   |   | $ | 114.56 |   |   | $ | 125.71 |   |   | $ | 65.80 |   |   | $ | 97.96 |   |
|    Royalties                                  |             |   | 3.73             |   |   |   | 5.82 |   |   |   | 8.94 |   |   |   | 5.24 |   |   |   | 5.79 |   |   |   | 17.43 |   |   |   | 14.49 |   |   |   | 26.90 |   |   |   | 4.71 |   |   |   | 14.81 |   |
|    Production    expenses |             |   | 11.39            |   |   |   | 10.45 |   |   |   | 13.35 |   |   |   | 15.26 |   |   |   | 12.83 |   |   |   | 8.03 |   |   |   | 9.79 |   |   |   | 7.74 |   |   |   | 14.47 |   |   |   | 10.29 |   |
|    Netback                                    |             | $      | 39.15            |   |   | $ | 46.73 |   |   | $ | 47.76 |   |   | $ | 52.38 |   |   | $ | 46.65 |   |   | $ | 70.85 |   |   | $ | 90.28 |   |   | $ | 91.07 |   |   | $ | 46.62 |   |   | $ | 72.86 |   |
|                                                    |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Natural Gas ($/mcf)                                     |             |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Sales price (2)                            |             | $      | 6.68             |   |   | $ | 7.34 |   |   | $ | 5.72 |   |   | $ | 5.04 |   |   | $ | 6.11 |   |   | $ | 7.89 |   |   | $ | 8.97 |   |   | $ | 11.18 |   |   | $ | 12.54 |   |   | $ | 10.03 |   |
|    Royalties                                  |             |   | 0.46             |   |   |   | 0.63 |   |   |   | 0.74 |   |   |   | 0.27 |   |   |   | 0.53 |   |   |   | 1.43 |   |   |   | 1.13 |   |   |   | 2.24 |   |   |   | 1.26 |   |   |   | 1.52 |   |
|    Production    expenses |             |   | 1.70             |   |   |   | 1.36 |   |   |   | 1.37 |   |   |   | 0.70 |   |   |   | 1.23 |   |   |   | 1.25 |   |   |   | 1.27 |   |   |   | 1.58 |   |   |   | 2.51 |   |   |   | 1.61 |   |
|    Netback                                    |             | $      | 4.52             |   |   | $ | 5.35 |   |   | $ | 3.61 |   |   | $ | 4.07 |   |   | $ | 4.35 |   |   | $ | 5.21 |   |   | $ | 6.57 |   |   | $ | 7.36 |   |   | $ | 8.77 |   |   | $ | 6.90 |   |

| (1)   | Amounts expressed on a per unit basis are based on sales volumes. |
|-----------------|-------------------------------------------------------------------|

| (2)   | Net of transportation and blending costs and excluding risk management activities. |
|-----------------|------------------------------------------------------------------------------------|

| (3)   | Natural gas royalties for 2009 reflect the impact of natural gas physical sales contracts. |
|-----------------|--------------------------------------------------------------------------------------------|

| 49    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

----

|                                        |   | 2007   |
|---------------------------------------------|--------|--------|
|                                        |   |   | Q1 |   |   |   | Q2 |   |   |   | Q3 |   |   |   | Q4 |   |   | YearEnded |   |
| SEGMENTED                                   |
| North America product netbacks(1)           |
| Light/Medium/Pelican Lake/NGLs ($/bbl)      |
| Sales price (2)                             |   | $      | 54.13 |   |   | $ | 56.06 |   |   | $ | 60.26 |   |   | $ | 63.94 |   |   | $ | 58.66 |   |
| Royalties                                   |   |   | 8.84 |   |   |   | 9.22 |   |   |   | 11.55 |   |   |   | 12.56 |   |   |   | 10.57 |   |
| Production expense                          |   |   | 11.74 |   |   |   | 12.11 |   |   |   | 11.58 |   |   |   | 10.82 |   |   |   | 11.56 |   |
| Netback                                     |   | $      | 33.55 |   |   | $ | 34.73 |   |   | $ | 37.13 |   |   | $ | 40.56 |   |   | $ | 36.53 |   |
|                                        |
| Primary and Thermal Heavy crude oil ($/bbl) |
| Sales price (2)                             |   | $      | 41.24 |   |   | $ | 41.85 |   |   | $ | 48.10 |   |   | $ | 43.06 |   |   | $ | 43.66 |   |
| Royalties                                   |   |   | 4.96 |   |   |   | 4.98 |   |   |   | 6.00 |   |   |   | 4.95 |   |   |   | 5.23 |   |
| Production expense                          |   |   | 13.76 |   |   |   | 15.12 |   |   |   | 11.75 |   |   |   | 10.38 |   |   |   | 12.66 |   |
| Netback                                     |   | $      | 22.52 |   |   | $ | 21.75 |   |   | $ | 30.35 |   |   | $ | 27.73 |   |   | $ | 25.77 |   |
|                                        |
| Natural gas ($/mcf)                         |
| Sales price (2)                             |   | $      | 7.79 |   |   | $ | 7.47 |   |   | $ | 5.88 |   |   | $ | 6.31 |   |   | $ | 6.87 |   |
| Royalties                                   |   |   | 1.50 |   |   |   | 1.11 |   |   |   | 0.90 |   |   |   | 0.95 |   |   |   | 1.12 |   |
| Production expense                          |   |   | 0.95 |   |   |   | 0.87 |   |   |   | 0.87 |   |   |   | 0.90 |   |   |   | 0.90 |   |
| Netback                                     |   | $      | 5.34 |   |   | $ | 5.49 |   |   | $ | 4.11 |   |   | $ | 4.46 |   |   | $ | 4.85 |   |
|                                        |
| North Sea product netbacks(1)               |
| Light crude oil ($/bbl)                     |
| Sales price (2)                             |   | $      | 68.83 |   |   | $ | 73.18 |   |   | $ | 77.55 |   |   | $ | 83.44 |   |   | $ | 74.99 |   |
| Royalties                                   |   |   | 0.13 |   |   |   | 0.13 |   |   |   | 0.14 |   |   |   | 0.19 |   |   |   | 0.14 |   |
| Production expense                          |   |   | 18.57 |   |   |   | 22.11 |   |   |   | 23.61 |   |   |   | 18.95 |   |   |   | 20.78 |   |
| Netback                                     |   | $      | 50.13 |   |   | $ | 50.94 |   |   | $ | 53.80 |   |   | $ | 64.30 |   |   | $ | 54.07 |   |
|                                        |
| Natural gas ($/mcf)                         |
| Sales price (2)                             |   | $      | 4.49 |   |   | $ | 3.92 |   |   | $ | 5.26 |   |   | $ | 3.62 |   |   | $ | 4.26 |   |
| Royalties                                   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Production expense                          |   |   | 2.58 |   |   |   | 2.26 |   |   |   | 2.29 |   |   |   | 1.50 |   |   |   | 2.17 |   |
| Netback                                     |   | $      | 1.91 |   |   | $ | 1.66 |   |   | $ | 2.97 |   |   | $ | 2.12 |   |   | $ | 2.09 |   |
|                                        |
| Offshore West Africa product netbacks(1)    |
| Light crude oil ($/bbl)                     |
| Sales price (2)                             |   | $      | 58.60 |   |   | $ | 72.84 |   |   | $ | 70.52 |   |   | $ | 81.89 |   |   | $ | 71.68 |   |
| Royalties                                   |   |   | 3.70 |   |   |   | 7.12 |   |   |   | 6.81 |   |   |   | 7.59 |   |   |   | 6.40 |   |
| Production expense                          |   |   | 8.93 |   |   |   | 7.98 |   |   |   | 7.00 |   |   |   | 9.32 |   |   |   | 8.32 |   |
| Netback                                     |   | $      | 45.97 |   |   | $ | 57.74 |   |   | $ | 56.71 |   |   | $ | 64.98 |   |   | $ | 56.96 |   |
|                                        |
| Natural gas ($/mcf)                         |
| Sales price (2)                             |   | $      | 5.97 |   |   | $ | 6.22 |   |   | $ | 5.31 |   |   | $ | 5.49 |   |   | $ | 5.68 |   |
| Royalties                                   |   |   | 0.38 |   |   |   | 0.59 |   |   |   | 0.51 |   |   |   | 0.52 |   |   |   | 0.51 |   |
| Production expense                          |   |   | 1.48 |   |   |   | 1.10 |   |   |   | 1.39 |   |   |   | 1.89 |   |   |   | 1.48 |   |
| Netback                                     |   | $      | 4.11 |   |   | $ | 4.53 |   |   | $ | 3.41 |   |   | $ | 3.08 |   |   | $ | 3.69 |   |

| (1)   | Amounts expressed on a per unit basis are based on sales volumes. |
|-----------------|-------------------------------------------------------------------|

| (2)   | Net of transportation and blending costs and excluding risk management activities. |
|-----------------|------------------------------------------------------------------------------------|

| Canadian Natural Resources Limited | 50 |
|------------------------------------|----|

----

| E. | NET CAPITAL EXPENDITURES |
|----|--------------------------|

| NET CAPITAL EXPENDITURES BY YEAR (1)                     |   |                   |   |
|----------------------------------------------------------|--------|------------------------|--------|
|                                                     |   | Year Ended December 31 |   |
| ($ millions)                                             |   | 2009                   |   |   | 2008 |   |
| Net property acquisitions (dispositions)                 |   | $                      | 6      |   |   | $ | 336 |   |
| Land acquisition and retention                           |   |                   | 77     |   |   |   | 86 |   |
| Seismic evaluations                                      |   |                   | 73     |   |   |   | 107 |   |
| Well drilling, completion and equipping                  |   |                   | 1,244  |   |   |   | 1,664 |   |
| Production and related facilities                        |   |                   | 977    |   |   |   | 1,282 |   |
| Total net reserve replacement expenditures               |   |                   | 2,377  |   |   |   | 3,475 |   |
| Oil Sands Mining and Upgrading                           |   |                   |   |   |   |   |   |   |
| Horizon Phase 1 construction costs                       |   |                   | 69     |   |   |   | 2,732 |   |
| Horizon Phase 1 commissioning and other costs            |   |                   | 202    |   |   |   | 364 |   |
| Horizon Phase 2/3 costs                                  |   |                   | 104    |   |   |   | 336 |   |
| Capitalized interest, stock-based compensation and other |   |                   | 98     |   |   |   | 480 |   |
| Sustaining Capital                                       |   |                   | 80     |   |   |   | - |   |
| Total Oil Sands Mining and Upgrading (2)                 |   |                   | 553    |   |   |   | 3,912 |   |
| Midstream                                                |   |                   | 6      |   |   |   | 9 |   |
| Abandonments (3)                                         |   |                   | 48     |   |   |   | 38 |   |
| Head office                                              |   |                   | 13     |   |   |   | 17 |   |
| Total net capital expenditures                           |   | $                      | 2,997  |   |   | $ | 7,451 |   |

|                                                     |   | 2009 Three Months Ended  |
|----------------------------------------------------------|--------|-------------------------------|
| ($ millions)                                             |   | Mar 31                        |   |   | Jun 30 |   |   | Sep 30 |   |   | Dec 31 |   |
| Net property acquisitions (dispositions)                 |   | $                             | 27 |   |   |   | (2 | ) |   |   | (30 | ) |   |   | 11 |   |
| Land acquisition and retention                           |   |                          | 13 |   |   |   | 18 |   |   |   | 18 |   |   |   | 28 |   |
| Seismic evaluation                                       |   |                          | 28 |   |   |   | 11 |   |   |   | 21 |   |   |   | 13 |   |
| Well drilling, completion and equipping                  |   |                          | 498 |   |   |   | 194 |   |   |   | 261 |   |   |   | 291 |   |
| Production and related facilities                        |   |                          | 290 |   |   |   | 230 |   |   |   | 235 |   |   |   | 222 |   |
| Total net reserve replacement expenditures               |   |                          | 856 |   |   |   | 451 |   |   |   | 505 |   |   |   | 565 |   |
| Oil Sands Mining and Upgrading                           |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Horizon Phase 1 construction costs                       |   |                          | 128 |   |   |   | (59 | ) |   |   | - |   |   |   | - |   |
| Horizon Phase 1 commissioning and other costs            |   |                          | 156 |   |   |   | 46 |   |   |   | - |   |   |   | - |   |
| Horizon Phase 2/3 costs                                  |   |                          | 19 |   |   |   | 22 |   |   |   | 21 |   |   |   | 42 |   |
| Capitalized interest, stock-based compensation and other |   |                          | 79 |   |   |   | (4 | ) |   |   | 11 |   |   |   | 12 |   |
| Sustaining Capital                                       |   |                          | - |   |   |   | 4 |   |   |   | 23 |   |   |   | 53 |   |
| Total Oil Sands Mining and Upgrading (2)                 |   |                          | 382 |   |   |   | 9 |   |   |   | 55 |   |   |   | 107 |   |
| Midstream                                                |   |                          | 5 |   |   |   | - |   |   |   | - |   |   |   | 1 |   |
| Abandonments (3)                                         |   |                          | 9 |   |   |   | 10 |   |   |   | 12 |   |   |   | 17 |   |
| Head office                                              |   |                          | 4 |   |   |   | 3 |   |   |   | 2 |   |   |   | 4 |   |
| Total net capital expenditures                           |   | $                             | 1,256 |   |   |   | 473 |   |   |   | 574 |   |   |   | 694 |   |

| 51    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

----

|                                                     |   | 2008 Three Months Ended  |
|----------------------------------------------------------|--------|-------------------------------|
| ($ millions)                                             |   | Mar 31                        |   |   | Jun 30 |   |   | Sep 30 |   |   | Dec 31 |   |
| Net property acquisitions (dispositions)                 |   | $                             | (8 | ) |   | $ | 263 |   |   | $ | 47 |   |   | $ | 34 |   |
| Land acquisition and retention                           |   |                          | 12 |   |   |   | 24 |   |   |   | 32 |   |   |   | 18 |   |
| Seismic evaluation                                       |   |                          | 27 |   |   |   | 18 |   |   |   | 40 |   |   |   | 22 |   |
| Well drilling, completion and equipping                  |   |                          | 452 |   |   |   | 286 |   |   |   | 421 |   |   |   | 505 |   |
| Production and related facilities                        |   |                          | 319 |   |   |   | 270 |   |   |   | 311 |   |   |   | 382 |   |
| Total net reserve replacement expenditures               |   |                          | 802 |   |   |   | 861 |   |   |   | 851 |   |   |   | 961 |   |
| Oil Sands Mining and Upgrading                           |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Horizon Phase 1 construction costs                       |   |                          | 665 |   |   |   | 875 |   |   |   | 635 |   |   |   | 557 |   |
| Horizon Phase 1 commissioning and other costs            |   |                          | 91 |   |   |   |  48 |   |   |   |  111 |   |   |   |  115 |   |
| Horizon Phase 2/3 costs                                  |   |                          | 77 |   |   |   |  82 |   |   |   |  83 |   |   |   |  94 |   |
| Capitalized interest, stock-based compensation and other |   |                          |  109 |   |   |   |  247 |   |   |   |  46 |   |   |   |  78 |   |
| Sustaining Capital                                       |   |                          |  - |   |   |   |  - |   |   |   | - |   |   |   |  - |   |
| Total Oil Sands Mining and Upgrading (2)                 |   |                          |  941 |   |   |   | 1,252 |   |   |   |  875 |   |   |   | 844 |   |
| Midstream                                                |   |                          | 1 |   |   |   | 3 |   |   |   | 2 |   |   |   | 3 |   |
| Abandonments (3)                                         |   |                          | 6 |   |   |   | 7 |   |   |   | 10 |   |   |   | 15 |   |
| Head office                                              |   |                          | 3 |   |   |   | 4 |   |   |   | 6 |   |   |   | 4 |   |
| Total net capital expenditures                           |   | $                             | 1,753 |   |   | $ | 2,127 |   |   | $ | 1,744 |   |   | $ | 1,827 |   |

| (1)   | Net capital expenditures exclude adjustments related to differences between carrying value and tax value, and other fair value adjustments. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Net capital expenditures for the Oil Sands Mining and Upgrading assets also include the impact of intersegment eliminations. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------|

| (3)   | Abandonments represent expenditures to settle asset retirement obligations and have been reflected as capital expenditures in this table. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| F. | DEVELOPED AND UNDEVELOPED ACREAGE |
|----|-----------------------------------|

| (thousands)              |      Developed Acreage |      Undeveloped Acreage | Total Acreage |
|--------------------------|-------------------------------------------------|---------------------------------------------------|---------------|
|                     | Gross Acres                                     | Net Acres                                         | Gross Acres   | Net Acres | Gross Acres | Net Acres |
| North America            |                                            |                                              |          |   |   |   |
| Alberta                  | 6,255                                           | 5,003                                             | 9,238         | 7,901 | 15,493 | 12,904 |
| British Columbia         | 1,485                                           | 1,125                                             | 2,814         | 2,046 | 4,299 | 3,171 |
| Saskatchewan             | 739                                             | 554                                               | 803           | 687 | 1,542 | 1,241 |
| Manitoba                 | 7                                               | 6                                                 | 17            | 17 | 24 | 23 |
| North Sea                |                                            |                                              |          |   |   |   |
| United Kingdom           | 68                                              | 57                                                | 184           | 150 | 252 | 207 |
| Offshore West Africa     |                                            |                                              |          |   |   |   |
| Côte d’Ivoire | 10                                              | 6                                                 | 92            | 54 | 102 | 60 |
| Gabon                    | 2                                               | 2                                                 | 150           | 138 | 152 | 140 |
| Total                    | 8,566                                           | 6,753                                             | 13,298        | 10,993 | 21,864 | 17,746 |

| Canadian Natural Resources Limited | 52 |
|------------------------------------|----|

----

|                                              |  Year Ended Dec 31 |   |
|---------------------------------------------------|-------------------------|--------|
| ($ millions, except per common share information) |  2009              |   |  2008 |   |
|                                              |                    |   |   |   |
| Revenues, before royalties                        |  $                 | 11,078 |   |  $ | 16,173 |   |
| Net earnings                                      |  $                 | 1,580  |   |  $ | 4,985 |   |
| Per common share - basic and diluted              |  $                 | 2.92   |   |  $ | 9.22 |   |
| Adjusted net earnings from operations (1)         |  $                 | 2,689  |   |  $ | 3,492 |   |
| Per common share - basic and diluted              |  $                 | 4.96   |   |  $ | 6.46 |   |
| Cash flow from operations (1)                     |  $                 | 6,090  |   |  $ | 6,969 |   |
| Per common share - basic and diluted              |  $                 | 11.24  |   |  $ | 12.89 |   |
| Total assets                                      |  $                 | 41,024 |   |  $ | 42,650 |   |
| Total long-term liabilities                       |  $                 | 19,193 |   |  $ | 20,856 |   |

| (1)   | These non-GAAP measures are reconciled to net earnings as determined in accordance with Canadian GAAP in the “Financial Highlights” section of the Company’s MD&A which is incorporated by reference into this document. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                              |   | 2009 Three Months Ended |   |
|---------------------------------------------------|--------|-------------------------|--------|
| ($ millions, except per common share information) |   | Mar 31                  |   |   | Jun 30 |   |   | Sep 30 |   |   | Dec 31 |   |
| Revenues, before royalties                        |   | $                       | 2,186  |   |   |   | 2,750 |   |   |   | 2,823 |   |   |   | 3,319 |   |
| Net earnings (loss)                               |   | $                       | 305    |   |   |   | 162 |   |   |   | 658 |   |   |   | 455 |   |
| Per common share - basic and diluted              |   | $                       | 0.56   |   |   |   | 0.30 |   |   |   | 1.21 |   |   |   | 0.85 |   |

|                                              |   | 2008 Three Months Ended |   |
|---------------------------------------------------|--------|-------------------------|--------|
| ($ millions, except per common share information) |   | Mar 31                  |   |   | Jun 30 |   |   | Sep 30 |   |   | Dec 31 |   |
| Revenues, before royalties                        |   | $                       | 3,967  |    |   | $ | 5,112 |   |   | $ | 4,583 |   |   | $ | 2,511 |   |
| Net earnings                                      |   | $                       | 727    |   |   | $ | (347 | ) |   | $ | 2,835 |   |   | $ | 1,770 |   |
| Per common share - basic and diluted              |   | $                       | 1.35   |   |   | $ | (0.65 | ) |   | $ | 5.25 |   |   | $ | 3.27 |   |

| 53    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

----

| Canadian Natural Resources Limited | 54 |
|------------------------------------|----|

----

| 2009 Monthly Historical Trading on TSX |   |
|----------------------------------------|--------|
| Month                                  |   | High |   |   | Low |   |   | Close |   |   | Volume Traded |   |
| January                                |   | $ | 57.20 |   |   |   | 41.06 |   |   |   | 43.89 |   |   |   | 51,057,171 |   |
| February                               |   | $ | 48.44 |   |   |   | 36.50 |   |   |   | 40.90 |   |   |   | 50,126,029 |   |
| March                                  |   | $ | 53.50 |   |   |   | 35.85 |   |   |   | 48.91 |   |   |   | 72,570,396 |   |
| April                                  |   | $ | 61.15 |   |   |   | 47.70 |   |   |   | 55.01 |   |   |   | 46,587,159 |   |
| May                                    |   | $ | 65.69 |   |   |   | 55.27 |   |   |   | 64.71 |   |   |   | 45,089,003 |   |
| June                                   |   | $ | 68.69 |   |   |   | 54.08 |   |   |   | 61.19 |   |   |   | 43,417,767 |   |
| July                                   |   | $ | 66.19 |   |   |   | 52.71 |   |   |   | 64.76 |   |   |   | 37,118,226 |   |
| August                                 |   | $ | 68.54 |   |   |   | 61.55 |   |   |   | 62.71 |   |   |   | 29,996,464 |   |
| September                              |   | $ | 76.91 |   |   |   | 60.65 |   |   |   | 72.30 |   |   |   | 44,597,734 |   |
| October                                |   | $ | 79.00 |   |   |   | 67.38 |   |   |   | 70.22 |   |   |   | 33,029,358 |   |
| November                               |   | $ | 73.15 |   |   |   | 66.51 |   |   |   | 70.47 |   |   |   | 35,763,690 |   |
| December                               |   | $ | 76.46 |   |   |   | 65.97 |   |   |   | 76.00 |   |   |   | 30,807,147 |   |

| 55    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

----

|                                     |  2009 |   |   | 2008   |   |   | 2007   |   |
|------------------------------------------|------------|--------|--------|--------|--------|--------|--------|--------|
|                                     |       |   |   |   |   |   |   |   |
| Cash dividends declared per common share |  $    | 0.42   |   |   | $      | 0.40   |   |   | $ | 0.34 |   |

| Canadian Natural Resources Limited | 56 |
|------------------------------------|----|

----

| Name                                                               | Position Presently Held               | Principal Occupation During Past 5 Years                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|--------------------------------------------------------------------|---------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                               |                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Catherine M. Best, FCA, ICD.DCalgary, AlbertaCanada                | Director (2)(4)(5)(age 56)            | Corporate Director. Until May 2009, Interim Chief Financial Officer of Alberta Health Services which was formed in 2008 when the Alberta government consolidated all of the health regions of the province under one board. Executive Vice-President, Risk Management and Chief Financial Officer of the Calgary Health Region (fully integrated publicly funded health care system) from 2002 to 2008; has served continuously as a director of the Company since November 2003. Currently serving on the board of directors of Enbridge Income Fund and Superior Plus Income Fund.  She is also a member of the Board of the Alberta Children’s Hospital Foundation and serves as a volunteer member of the Audit Committee of the Calgary Exhibition and Stampede.  |
| N. Murray EdwardsCalgary/Banff, AlbertaCanada                      | Vice-Chairman andDirector (3)(age 50) | President, Edco Financial Holdings Ltd. (private management and consulting company). Has served continuously as a director of the Company since September 1988. Currently is Chairman and serving on the board of directors of Ensign Energy Services Inc. and Magellan Aerospace Corporation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Honourable Gary A. Filmon,P.C., O.C., O.M.Winnipeg, ManitobaCanada | Director (1)(2)(age 67)               | Consultant, The Exchange Group (business consulting firm). Has served continuously as a director of the Company since February 2006. Currently serving on the board of directors of MTS Allstream Inc., Arctic Glacier Income Trust, Exchange Income Corporation, Wellington West Capital Inc. and FWS Construction Inc. and serves as Chair of Canada’s Security and Intelligence Review Committee.                                                                                                                                                                                                                                                                                                                                                                             |
| Ambassador Gordon D. GiffinAtlanta, GeorgiaUSA                     | Director (1)(2)(3)(age 60)            | Senior Partner, McKenna Long & Aldridge LLP (law firm) since May 2001. Has served continuously as a director of the Company since May 2002. Currently serving on the board of directors of Canadian National Railway Company, Canadian Imperial Bank of Commerce, Just Energy Corp., and Transalta Corporation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| John G. LangilleCalgary, AlbertaCanada                        | Vice-Chairman and Director(age 64)    | Officer of the Company. Has served continuously as a director of the Company since June 1982.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Steve W. LautCalgary, AlbertaCanada                           | President and Director(age 52)        | Officer of the Company. Has served continuously as a director of the Company since August 2006.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Keith A.J. MacPhailCalgary, AlbertaCanada                          | Director (3)(5)(age 53)               | Chairman and Chief Executive Officer, Bonavista Energy Trust (oil and gas energy trust) since November 1997 and Chairman, NuVista Energy Ltd. (an oil and gas exploration, development and production company) since July 2003. Has served continuously as a director of the Company since October 1993. Currently serving on the board of directors of Bonavista Energy Trust and NuVista Energy Ltd.                                                                                                                                                                                                                                                                                                                                                                                      |

| 57    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

----

| Allan P. Markin, O.C.Calgary, AlbertaCanada                                        | Chairman and Director (5)(age 64)                                        | Chairman of the Company. Has served continuously as a director of the Company since January 1989.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----------------------------------------------------------------------------------------|--------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Honourable Frank J. McKenna, P.C., O.C., O.N.B., Q.C.Cap Pelé, New BrunswickCanada | Director (1)(4)(age 62)                                                  | Deputy Chair, TD Bank Financial Group (financial services). Counsel to Atlantic Canada law firm McInnes Cooper from 1998 to 2005, and most recently Canadian Ambassador to the United States from 2005 to 2006. He has served continuously as a director of the Company since August 2006. Currently serving on the board of directors of Brookfield Asset Management Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| James S. Palmer, C.M.,A.O.E., Q.C.Calgary, AlbertaCanada                           | Director (3)(4)(5)(age 81)                                               | Chairman and a Partner of Burnet, Duckworth & Palmer LLP (law firm). Has served continuously as a director of the Company since May 1997. Currently serving on the board of directors of Magellan Aerospace Corporation and is Director Emeritus of Frontier Oil Corporation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Dr. Eldon R. Smith, O.C., M.D.Calgary, AlbertaCanada                               | Director (4)(5)(age 70)                                                  | President of Eldon R. Smith & Associates Ltd., (a private health care consulting company), and Emeritus Professor of Medicine and Former Dean, Faculty of Medicine, University of Calgary. Has served continuously as a director of the Company since May 1997. Currently serving on the board of directors of Intellipharmaceutics International Inc. and Aston Hill Financial.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| David A. TuerCalgary, AlbertaCanada                                                     | Director (1)(2)(3)(age 60)                                               | Vice-Chairman and Chief Executive Officer of Marble Point Energy Ltd. (private oil and gas exploration company); Chairman, Calgary Health Region from 2001 to 2008 and Executive Vice-Chairman BA Energy Inc. from April 2005 to February 2008 when it was acquired by its parent company Value Creations Inc. through a Plan of Arrangement and which until recently was engaged in the development, building and operations of a merchant heavy oil upgrader in Northern Alberta for the purpose of upgrading bitumen and heavy oil feedstock into high-quality crude oils. Prior thereto President, CEO and a director of Hawker Resources Inc. from January 2003 to March 2005. Has served continuously as a director of the Company since May 2002. Currently serving on the board of directors of Daylight Resources Trust, Xtreme Coil Drilling Corp., Canadian Phoenix Resources and Altalink Management LLP., a private limited partnership.  |
| Jeffrey J. BergesonCalgary, AlbertaCanada                                          | Vice-President, Exploitation West(age 53)                                | Officer of the Company since May 2007; prior thereto Exploitation Manager of the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Corey B. BieberCalgary, AlbertaCanada                                              | Vice-President, Finance and Investor Relations(age 46)                   | Officer of the Company since April 2005; prior thereto Director, Investor Relations of the Company from July 2002 to April 2005 and most recently Vice-President, Investor Relations April 2005 to February 2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Mary-Jo E. CaseCalgary, AlbertaCanada                                              | Vice-President,Land(age 51)                                              | Officer of the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| William R. ClappertonCalgary, AlbertaCanada                                             | Vice-President,Regulatory, Stakeholder and Environmental Affairs(age 47) | Officer of the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

| Canadian Natural Resources Limited | 58 |
|------------------------------------|----|

----

| James F. CorsonCalgary, AlbertaCanada              | Vice-President,Human Resources, Horizon(age 59)                                      | Officer of the Company since January 2007; prior thereto Vice-President, Human Resources of Qatar Petroleum Corp. from March 1997 to July 2005 and most recently Director Human Resources and Stakeholder Relations of the Company from July 2005 to 2007.                                                                                                           |
|----------------------------------------------------|--------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Réal M. CussonCalgary, AlbertaCanada     | Senior Vice-President, Marketing(age 59)                                             | Officer of the Company.                                                                                                                                                                                                                                                                                                                                                   |
| Randall S. DavisCalgary, AlbertaCanada        | Vice-President,Finance & Accounting(age 43)                                      | Officer of the Company.                                                                                                                                                                                                                                                                                                                                                   |
| Réal J. H. DoucetCalgary, AlbertaCanada  | Senior Vice-President,Horizon Projects(age 57)                                       | Officer of the Company.                                                                                                                                                                                                                                                                                                                                                   |
| Allan E. FrankiwCalgary, AlbertaCanada             | Vice-President,Production, Central(age 53)                                           | Officer of the Company since March 2007; prior thereto Manager Midstream for Anadarko Canada Corporation from November 1998 to March 2005, Manager Facilities & Construction for Anadarko Canada Corporation from April 2005 to November 2006, and most recently Production Manager, Edson of the Company from November 2006 to March 2007.                      |
| Tim HamiltonCalgary, AlbertaCanada                 | Vice-President,Developments(age 54)                                                  | Officer of the Company since February 2010; prior thereto Manager Production, Southern Alberta from 2000 to 2006, Manager Production, Southern Alberta, S.E. Saskatchewan and Manitoba 2006 to 2007, Manager Production, British Columbia South 2007 to September 2009 and most recently Manager Production, British Columbia from September 2009 to February 2010.  |
| Peter J. JansonCalgary, AlbertaCanada         | Senior Vice-President,Horizon Operations(age 52)                                     | Officer of the Company.                                                                                                                                                                                                                                                                                                                                                   |
| Terry JockschCalgary, AlbertaCanada                | Senior Vice-President,Thermal and International(age 42)                              | Officer of the Company since June 2009; prior thereto Exploitation Manager of the Company to April 2004, Vice-President Exploitation West April 2004 to May 2007, and most recently Managing Director, International May 2007 to June 2009.                                                                                                                          |
| Philip A. KeeleCalgary, AlbertaCanada              | Vice-President,Mining,Horizon Oil Sands Project(age 50)                         | Officer of the Company.                                                                                                                                                                                                                                                                                                                                                   |
| Allen M. KnightCalgary, AlbertaCanada         | Senior Vice-President, International & Corporate Development (age 60)  | Officer of the Company.                                                                                                                                                                                                                                                                                                                                                   |
| Cameron S. KramerCalgary, AlbertaCanada       | Senior Vice-President,North America Operations(age 42)                               | Officer of the Company.                                                                                                                                                                                                                                                                                                                                                   |
| Ronald K. LaingCalgary, AlbertaCanada              | Vice-President, Commercial Operations(age 40)                                        | Officer of the Company since March 2009; prior thereto Manager, Commercial Operations of the Company from April 2004 to March 2009.                                                                                                                                                                                                                                       |

| 59    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

----

| Reno G. LaseurFort McMurray, AlbertaCanada        | Vice-President,Upgrading(age 54)                                   | Officer of the Company since August 2008; prior thereto Operations Manager, Upgrading of the Company November 2002 to October 2007, and most recently Operations Director, Upgrading of the Company from October 2007 to August 2008. |
|--------------------------------------------------------|--------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Bruce E. McGrathCalgary, AlbertaCanada            | Corporate Secretary(age 60)                                        | Officer of the Company.                                                                                                                                                                                                               |
| Tim S. McKayCalgary, AlbertaCanada                | Chief Operating Officer(age 48)                                    | Officer of the Company.                                                                                                                                                                                                               |
| Paul MendesCalgary, AlbertaCanada                 | Vice-PresidentLegal and General Counsel(age 44)                    | Officer of the Company since February 2010; prior thereto Manager, Legal Services, Horizon January 2005 to January 2007 and most recently Director, Legal Services Horizon from January 2007 to February 2010.                   |
| Leon MiuraCalgary, AlbertaCanada                  | Vice-President,Horizon Downstream Projects(age 55)                 | Officer of the Company.                                                                                                                                                                                                               |
| S. John ParrCalgary, AlbertaCanada                | Vice-President,Production, East(age 48)                            | Officer of the Company.                                                                                                                                                                                                               |
| David A. PayneCalgary, AlbertaCanada              | Vice-President,Exploitation, Central(age 48)                       | Officer of the Company.                                                                                                                                                                                                               |
| William R. PetersonCalgary, AlbertaCanada         | Vice-President,Production, West(age 43)                            | Officer of the Company.                                                                                                                                                                                                               |
| Douglas A. ProllCalgary, AlbertaCanada            | Chief Financial Officer and Senior Vice-President, Finance(age 59) | Officer of the Company.                                                                                                                                                                                                               |
| Timothy G. ReedCalgary, AlbertaCanada             | Vice-President,Human Resources(age 53)                             | Officer of the Company since January 2007; prior thereto Manager, Human Resources of the Company 2000 to 2005 and most recently Director, Human Resources 2005 to January 2007.                                                  |
| Joy P. RomeroCalgary, AlbertaCanada               | Vice President,Bitumen Production(age 53)                          | Officer of the Company since March 2008; prior thereto Director, Bitumen Production Process of the Company from September 2002 to March 2008.                                                                                         |
| Sheldon L. SchroederFort McMurray, AlbertaCanada  | Vice-President,Horizon Upstream Projects(age 42)                   | Officer of the Company.                                                                                                                                                                                                               |
| Kendall W. StaggCalgary, AlbertaCanada            | Vice-President,Exploration, West(age 48)                           | Officer of the Company.                                                                                                                                                                                                               |
| Scott G. StauthCalgary, AlbertaCanada             | Vice-President,Field Operations(age 52)                            | Officer of the Company since November 2006; prior thereto Manager, Eastern Field Operations of the Company from April 2003 to November 2006.                                                                                          |
| Lyle G. StevensCalgary, AlbertaCanada                  | Senior Vice-President, Exploitation(age 55)                        | Officer of the Company.                                                                                                                                                                                                               |

| Canadian Natural Resources Limited | 60 |
|------------------------------------|----|

----

| Stephen C. SucheCalgary, AlbertaCanada        | Vice-President,Information andCorporate Services(age 50)  | Officer of the Company since July 2006; prior thereto Manager Information and Corporate Services of the Company from January 2000 to July 2006. |
|-----------------------------------------------|----------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| Domenic TorrieroCalgary, AlbertaCanada   | Vice-President,Exploration, Central(age 45)                    | Officer of the Company since November 2006; prior thereto Exploration Manager of the Company from March 2004 to November 2006.                  |
| Grant M. WilliamsCalgary, AlbertaCanada  | Vice-President,Exploration, East(age 52)                       | Officer of the Company since March 2007; prior thereto Manager, Exploration Heavy Oil of the Company from October 2003 to April 2007.           |
| Jeffrey W. WilsonCalgary, AlbertaCanada  | Senior Vice-President, Exploration(age 57)                     | Officer of the Company.                                                                                                                         |
| Daryl G. YouckCalgary, AlbertaCanada     | Vice-President,Exploitation, East(age 41)                      | Officer of the Company since February 2008; prior thereto Manager, Exploitation of the Company from July 2002 to February 2008.                 |
| Lynn M. ZeidlerCalgary, AlbertaCanada         | Vice-President,Horizon Operations and Project Services(age 53) | Officer of the Company.                                                                                                                         |
|                                          |                                                           |                                                                                                                                            |

| (1)   | Member of the Nominating and Corporate Governance Committee |
|-----------------|-------------------------------------------------------------|

| (2)   | Member of the Audit Committee |
|-----------------|-------------------------------|

| (3)   | Member of the Reserves Committee |
|-----------------|----------------------------------|

| (4)   | Member of the Compensation Committee |
|-----------------|--------------------------------------|

| (5)   | Member of the Health, Safety, and Environmental Committee |
|-----------------|-----------------------------------------------------------|

| 61    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

----

| Auditor service    |   | 2009   |      |   | 2008   |   |
|--------------------|--------|--------|-----------|--------|--------|--------|
| Audit fees         |   | $      | 2,710,100 |   |   | $      | 2,685,800 |   |
| Audit related fees |   |   | 154,300   |   |   |   | 156,300 |   |
| Tax related fees   |   |   | 131,650   |   |   |   | 91,500 |   |
| All other fees     |   |   | 9,500     |   |   |   | 9,500 |   |
|               |   | $      | 3,005,550 |   |   | $      | 2,943,100 |   |

| Canadian Natural Resources Limited | 62 |
|------------------------------------|----|

----

| 63    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

----

| 1.     | We have reviewed and evaluated the Corporation’s reserves data as at December 31, 2009. The reserves data consist of the following:                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (i) | both proved, and proved and probable crude oil, synthetic crude oil, NGLs and natural gas reserve quantities estimated as at December 31, 2009 using 12-month average prices and current costs; |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | (ii) | the related future net revenue; and |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | (iii) | the related standardized measure calculation for proved crude oil, synthetic crude oil, NGL and natural gas reserve quantities. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |
|   | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (i) | both proved, and proved and probable crude oil, synthetic crude oil, NGL and natural gas reserve quantities estimated as at December 31, 2009 using forecast prices and costs; |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | (ii) | the related future net revenue. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |
| 2.     | The reserves data are the responsibility of the Corporation’s management. Our responsibility is to express an opinion on the reserves data based on our evaluation.                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | We carried out our evaluation in accordance with standards set out in the Canadian Oil and Gas Evaluation Handbook (the “COGE Handbook”) prepared jointly by the Society of Petroleum Evaluation Engineers (Calgary Chapter) and the Canadian Institute of Mining, Metallurgy & Petroleum (Petroleum Society) with the necessary modifications to reflect definitions and standards under the U.S. Financial Accounting Standards Board policies (the “FASB Standards”) and the legal requirements of the U.S. Securities and Exchange Commission (“SEC Requirements”). |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 3.     | Those standards require that we plan and perform an evaluation to obtain reasonable assurance as to whether the reserves data are free of material misstatement. An evaluation also includes assessing whether the reserves data are in accordance with principles and definitions as outlined in the COGE Handbook, the FASB Standards and the SEC Requirements.                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 4.     | The following table sets forth the estimated future net revenue (before deduction of income taxes) attributed to proved plus probable reserves, estimated using forecast prices and costs and calculated using a discount rate of 10 percent, included in the reserves data of the Corporation evaluated by us for the year ended December 31, 2009 and identifies the respective portions thereof that we have evaluated and reported on to the Corporation’s management and board of directors:                                                                                                         |

| Canadian Natural Resources Limited | 64 |
|------------------------------------|----|

----

|                                              |                                                                    |                                    |   | Net Present Value of Future Net Revenue(Before Income Taxes, 10% Discount Rate)($millions Cdn) |   |
|---------------------------------------------------|-------------------------------------------------------------------------|-----------------------------------------|--------|------------------------------------------------------------------------------------------------|--------|
| IndependentQualified ReservesEvaluator or Auditor | Description and  Preparation Dateof Evaluation Report         | Location ofReserves                     |   | Audited                                                                                        |   |   | Evaluated |   |   | Reviewed |   |   | Total |   |
| Sproule Associates Limited                        | Evaluation and review of the P&NG Reserves, February 8th, 2010 | Canada and USA                          |   | $                                                                                              | 0      |   |   | $ | 37,994 |   |   | $ | 3,041 |   |   | $ | 41,035 |   |
| Sproule Associates Limited                        | Evaluation and review of the P&NG Reserves, February 8th, 2010      | United Kingdom and Offshore West Africa |   | $                                                                                              | 0      |   |   | $ | 10,053 |   |   | $ | 3,682 |   |   | $ | 13,735 |   |
| GLJ Petroleum Consultants Limited                 | Evaluation of the oil sands mining reserves, March 2nd, 2010            | Canada                                  |   | $                                                                                              | 0      |   |   | $ | 23,064 |   |   | $ | 0 |   |   | $ | 23,064 |   |
|   Totals                                |                                                                    | $                                       | 0      |                                                                                           |   | $ | 71,111 |   |   | $ | 6,723 |   |   | $ | 77,834 |   |

|   |     |
|--------|--------------------|

| 5.     | In our opinion, the reserves data respectively evaluated by us have, in all material respects, been determined and are in accordance with the COGE Handbook as modified by the FASB Standards and SEC requirements. We express no opinion on the reserves data that we reviewed but did not audit or evaluate. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                           |
| 6.     | We have no responsibility to update our reports referred to in paragraph 4 for events and circumstances occurring after their respective preparation dates.                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                           |
| 7.     | Because the reserves data are based on judgements regarding future events, actual results will vary and the variations may be material. However, any variations should be consistent with the fact that reserves are categorized according to the probability of their recovery.                               |

| Sproule Associates Limited, Calgary, Alberta, Canada, March 3, 2010                                                     |
|-------------------------------------------------------------------------------------------------------------------------|
| Original Signed By: SIGNED “HARRY J. HELWERDA”Harry J. Helwerda, P.Eng.,Executive Vice-President  | Original Signed By: SIGNED “DOUG HO”Doug Ho, P.Eng.Vice-President, Unconventional |
| Original Signed By: SIGNED: “R. KEITH MACLEOD”R. Keith MacLeod, P.Eng.President                   |   |
| GLJ Petroleum Consultants Ltd., Calgary, Alberta, Canada, March 3, 2010                                                 |
| Original Signed By: SIGNED: “JAMES H. WILLMON”James H. Willmon, P.Eng.Vice-President              |   |

| 65    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

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| (a)    | (i)    | both proved, and proved and probable crude oil, synthetic crude oil, NGLs and natural gas reserve quantities estimated as at December 31, 2009 using 12-month average prices and current costs; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (ii)   | the related future net revenue; and                                                                                                                                                             |
|   | (iii)  | the related standardized measure calculation for proved crude oil, synthetic crude oil, NGL and natural gas reserve quantities.                                                                 |
|   |   |                                                                                                                                                                                            |
| (b)    | (i)    | both proved, and proved and probable crude oil, synthetic crude oil, NGL and  natural gas reserve quantities estimated as at December 31, 2009 using forecast prices and costs;       |
|   | (ii)   | the related future net revenue.                                                                                                                                                                 |

| (a) | reviewed the Corporation’s procedures for providing information to the independent qualified reserves evaluator; |
|-----|------------------------------------------------------------------------------------------------------------------------|

| (b) | met with each of the independent qualified reserves evaluators to determine whether any restrictions affected the ability of the independent qualified reserves evaluators to report without reservation and in the event of a proposal to change the independent qualified reserves evaluators, to inquire whether there had been disputes between the previous independent qualified reserves evaluators and management; and |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | reviewed the reserves data with management and the independent qualified reserves evaluators. |
|-----|-----------------------------------------------------------------------------------------------|

| Canadian Natural Resources Limited | 66 |
|------------------------------------|----|

----

| (a)       | the content and filing with securities regulatory authorities of reserves data and other oil, gas and surface mineable oil sands information contained in the Company’s Annual Information Form to which this report is attached as Schedule “B”; |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |                                                                                                                                                                                                                                                                |
| (b)       | the filing of Form 51-101F2 which is the report of the independent qualified reserves evaluators on the reserves data; and                                                                                                                                          |
|      |                                                                                                                                                                                                                                                                |
| (c)  | the content and filing of this report.                                                                                                                                                                                                                              |

| 67    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

----

|   | 1. | ensure that the Corporation’s management implemented an effective system of internal controls over financial reporting; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | monitor and oversee the integrity of the Corporation’s financial statements, financial reporting processes and systems of internal controls regarding financial, accounting and compliance with regulatory and statutory requirements as they relate to financial statements, taxation matters and disclosure of material facts; |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | select and recommend for appointment by the shareholders, the Corporation’s independent auditors, pre-approve all audit and non-audit services to be provided to the Corporation by the Corporation’s independent auditors consistent with all applicable laws, and establish the fees and other compensation to be paid to the independent auditors; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4. | monitor the independence, qualifications and performance of the Corporation’s independent auditors and oversee the audit of the Corporation’s financial statements; |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5. | monitor the performance of the internal audit function; |
|--------|----|---------------------------------------------------------|

|   | 6. | establish procedures for the receipt, retention, response to and treatment of complaints, including confidential, anonymous submissions by the Corporation’s employees, regarding accounting, internal controls or auditing matters; and, |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 7. | provide an avenue of communication among the independent auditors, management, the internal auditing function and the Board. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------|

|   | 1. | The Audit Committee shall consist of at least three (3) directors as determined by the Board, each of whom shall be independent, non-executive directors, free from any relationship that would interfere with the exercise of his or her independent judgment. Audit Committee members shall meet the independence and experience requirements of the regulatory bodies to which the Corporation is subject to. All members of the Audit Committee shall have a basic understanding of finance and accounting and be able to read and understand fundamental financial statements at the time of their appointment to the Audit Committee. At least one member of the Audit Committee shall have accounting or related financial management expertise and qualify as a “financial expert” or similar designation in accordance with the requirements of the regulatory bodies to which the Corporation may be subject to. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | The Board at its organizational meeting held in conjunction with each annual general meeting of the shareholders shall appoint the members of the Audit Committee for the ensuing year. The Board may at any time remove or replace any member of the Audit Committee and may fill any vacancy in the Audit Committee. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | The Board shall appoint a member of the Audit Committee as chair of the Audit Committee. If an Audit Committee Chair is not designated by the Board, or is not present at a meeting of the Audit Committee, the members of the Audit Committee may designate a chair by majority vote of the Audit Committee membership. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4. | The Secretary or the Assistant Secretary of the Corporation shall be secretary of the Audit Committee unless the Audit Committee appoints a secretary of the Audit Committee. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Canadian Natural Resources Limited | 68 |
|------------------------------------|----|

----

|   | 5. | The quorum for meetings shall be one half (or where one half of the members of the Audit Committee is not a whole number, the whole number which is closest to and less than one half) of the members of the Audit Committee subject to a minimum of two members of the Audit Committee present in person or by telephone or other telecommunications device that permits all persons participating in the meeting to speak and to hear each other. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6. | Meetings of the Audit Committee shall be conducted as follows: |
|--------|----|----------------------------------------------------------------|

|   | (a) | the Audit Committee shall meet at least four (4) times annually at such times and at such locations as may be requested by the Chair of the Audit Committee; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the Audit Committee shall meet privately in executive sessions at each meeting with management, the manager of internal auditing, the independent auditors, and as a committee to discuss any matters that the Audit Committee or each of these groups believe should be discussed. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 7. | The independent auditors and internal auditors shall have a direct line of communication to the Audit Committee through its chair and may bypass management if deemed necessary. Any employee may bring before the Audit Committee directly and may bypass management if deemed necessary any matter involving questionable, illegal or improper financial practices or transactions. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1. | The overall duties and responsibilities of the Audit Committee shall be as follows: |
|--------|----|-------------------------------------------------------------------------------------|

|   | a. | to assist the Board in the discharge of its responsibilities relating to the Corporation’s accounting principles, reporting practices and internal controls and its approval of the Corporation’s annual and quarterly consolidated financial statements; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | to establish and maintain a direct line of communication with the Corporation’s internal auditors and independent auditors and assess their performance; |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | to ensure that the management of the Corporation has implemented and is maintaining an effective system of internal controls over financial reporting; |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | to report regularly to the Board on the fulfillment of its duties and responsibilities; and, |
|--------|----|----------------------------------------------------------------------------------------------|

|   | e. | to review annually the Audit Committee Charter and recommend any changes to the Nominating and Corporate Governance Committee for approval by the Board. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | The duties and responsibilities of the Audit Committee as they relate to the independent auditors shall be as follows: |
|--------|----|------------------------------------------------------------------------------------------------------------------------|

|   | a. | to select and recommend to the Board of Directors for appointment by the shareholders, the Corporation’s independent auditors, review the independence and monitor the performance of the independent auditors and approve any discharge of auditors when circumstances warrant; |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | to approve the fees and other significant compensation to be paid to the independent auditors, scope and timing of the audit and other related services rendered by the independent auditors; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | to review and discuss with management and the independent auditors prior to the annual audit the independent auditor’s annual audit plan, including scope, staffing, locations and reliance upon management and internal audit department and oversee the audit of the Corporation’s financial statements; |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | to pre-approve all proposed non-audit services to be provided by the independent auditors except those non-audit services prohibited by legislation; |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | e. | on an annual basis, obtain and review a report by the independent auditors describing (i) the independent auditor’s internal quality control procedures; (ii) any material issues raised by the most recent quality-control review, or peer review, of the firm, or by any inquiry or investigation by governmental or professional authorities within the preceding five years respecting one or more independent audits carried out by the firm; and, (iii) any steps taken to address any such issues arising from the review, inquiry or investigation, and, receive a written statement from the independent auditors outlining all significant relationships they have with the Corporation that could impair the auditor’s independence. The Corporation’s independent auditors may not be engaged to perform prohibited activities under the Sarbanes-Oxley Act of 2002 or the rules of the Public Company Accounting Oversight Board or other regulatory bodies, which the Corporation is governed by; |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 69    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

----

|   | f. | to review and discuss with the independent auditors, upon completion of their audit and prior to the filing or releasing annual financial statements: |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | contents of their report, including : |
|--------|-----|---------------------------------------|

|   | (a) | all critical accounting policies and practices used; |
|--------|-----|------------------------------------------------------|

|   | (b) | all alternative treatments of financial information within GAAP that have been discussed with management, ramifications of the use of such treatments and the treatment preferred by the independent auditor; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | other material written communications between the independent auditor and management; |
|--------|-----|---------------------------------------------------------------------------------------|

|   | (ii) | scope and quality of the audit work performed; |
|--------|------|------------------------------------------------|

|   | (iii) | adequacy of the Corporation’s financial and auditing personnel; |
|--------|-------|-----------------------------------------------------------------------|

|   | (iv) | cooperation received from the Corporation’s personnel during the audit; |
|--------|------|-------------------------------------------------------------------------------|

|   | (v) | internal resources used; |
|--------|-----|--------------------------|

|   | (vi) | significant transactions outside of the normal business of the Corporation; |
|--------|------|-----------------------------------------------------------------------------|

|   | (vii) | significant proposed adjustments and recommendations for improving internal accounting controls, accounting principles or management systems; |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------|

|   | (viii) | the non-audit services provided by the independent auditors; and, |
|--------|--------|-------------------------------------------------------------------|

|   | (ix) | consider the independent auditor’s judgments about the quality and appropriateness of the Corporation’s accounting principles and critical accounting estimates as applied in its financial reporting. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | g. | to review and approve a report to shareholders as required, to be included in the Corporation’s Information Circular and Proxy Statement, disclosing any non-audit services approved by the Audit Committee. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | h. | to review and approve the Corporation’s hiring policies regarding partners, employees and former partners and employees of the present and former independent auditor of the Corporation. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | The duties and responsibilities of the Audit Committee as they relate to the internal auditors shall be as follows: |
|--------|----|---------------------------------------------------------------------------------------------------------------------|

|   | a. | to review the budget, internal audit function with respect to the organization structure, staffing, effectiveness and qualifications of the Corporation’s internal audit department; |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | to review the internal audit plan; and |
|--------|----|----------------------------------------|

|   | c. | to review significant internal audit findings and recommendations together with management’s response and follow-up thereto. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------|

|   | 4. | The duties and responsibilities of the Audit Committee as they relate to the internal control procedures of the Corporation shall be as follows: |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a. | to review the appropriateness and effectiveness of the Corporation’s policies and business practices which impact on the financial integrity of the Corporation, including those relating to internal auditing, insurance, accounting, information services and systems and financial controls, management reporting (including financial reporting) and risk management; |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | to review any unresolved issues between management and the independent auditors that could affect the financial reporting or internal controls of the Corporation; and |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | to periodically review the extent to which recommendations made by the internal audit staff or by the independent auditors have been implemented. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5. | Other duties and responsibilities of the Audit Committee shall be as follows: |
|--------|----|-------------------------------------------------------------------------------|

|   | a. | to review and discuss with management, the internal audit group and the independent auditors, the Corporation’s unaudited quarterly consolidated financial statements and related Management Discussion & Analysis including the impact of unusual items and changes in accounting principles and estimates, the earnings press releases before disclosure to the public and report to the Board with respect thereto; |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | to review and discuss with management, the internal audit group and the independent auditors, the Corporation’s audited annual consolidated financial statements and related Management Discussion & Analysis including the impact of unusual items and changes in accounting principles and estimates, the earnings press releases before disclosure to the public and report to the Board with respect thereto; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Canadian Natural Resources Limited | 70 |
|------------------------------------|----|

----

|   | c. | to ensure adequate procedures are in place for the review of the Corporation’s public disclosure of financial information extracted or derived from the Corporation’s financial statements, other than the quarterly and annual earnings press releases, and periodically assess the adequacy of those procedures; |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | to review management’s report on the appropriateness of the policies and procedures used in the preparation of the Corporation’s consolidated financial statements and other required disclosure documents and consider recommendations for any material change to such policies; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | e. | to review with management, the independent auditors and if necessary with legal counsel, any litigation, claim or other contingency, including tax assessments that could have a material affect upon the financial position or operating results of the Corporation and the manner in which such matters have been disclosed in the consolidated financial statements; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | f. | to establish procedures for: |
|--------|----|------------------------------|

|   | (i) | the receipt, retention and treatment of complaints received by the Corporation regarding accounting, internal accounting controls, or auditing matters; and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the confidential, anonymous submission by employees of the Corporation of concerns regarding questionable accounting or auditing matters. |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | g. | to co-ordinate meetings with the Reserves Committee of the Corporation, the Corporation’s senior engineering management, independent evaluating engineers and auditors as required and consider such further inquiries as are necessary to approve the consolidated financial statements; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | h. | to develop a calendar of activities to be undertaken by the Audit Committee for each ensuing year and to submit the calendar in the appropriate format to the Board following each annual general meeting of shareholders; |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | i. | to perform any other activities consistent with this Charter, the Corporation’s By-laws and governing law, as the Audit Committee or the Board deems necessary or appropriate; and, |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | j. | to maintain minutes of meetings and to report on a regular basis  to the Board on significant results of the foregoing activities. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------|

| 71    | Canadian Natural Resources Limited |
|----------------------|------------------------------------|

----

|   | CANADIAN NATURAL RESOURCES LIMITED  |                               |
|--------|------------------------------------------|------------------------------------|
|   |                                     |                               |   |
|   | By:                                      | SIGNED “STEVE W. LAUT” |   |
|   |                                     | Name:  Steve W. Laut          |   |
|   |                                     | Title:    President |   |
|   |                                     | Date:  April 29, 2010         |   |

----

| 1.* | Supplementary Oil & Gas Information for the fiscal year ended December 31, 2009.    |
|-----|--------------------------------------------------------------------------------------------------------|

| 2. | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14 of the Securities Exchange Act of 1934. |
|----|-----------------------------------------------------------------------------------------------------------------------|

| 3. | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14 of the Securities Exchange Act of 1934. |
|----|-----------------------------------------------------------------------------------------------------------------------|

| 4.* | Certification of Chief Executive Officer pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350). |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

| 5.* | Certification of Chief Financial Officer pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350). |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

| 6.* | Consent of PricewaterhouseCoopers LLP, independent chartered accountants. |
|-----|---------------------------------------------------------------------------|

| 7.* | Consent of Sproule Associates Limited, independent petroleum engineering consultants. |
|-----|---------------------------------------------------------------------------------------|

| 8.* | Consent of GLJ Petroleum Consultants Ltd., independent petroleum engineering consultants. |
|-----|-------------------------------------------------------------------------------------------|

|   | * | Previously filed. |
|--------|---|-------------------|