Secondly, we have continued strong production from our primary heavy oil areas, which averaged over 122,000 barrels per day. And thirdly, production response of our thermal in situ project at Primrose returned to a production cycle from a steaming cycle. Daily average production from this project grew to 94,000 barrels from the first quarter average of 80,000 barrels.This strong production together with emphasis on cost control and reduction of cost contributed to the growth in our quarterly earnings and cash flow. Cash flow amounted to $1.75 billion, up from $1.28 billion in the first quarter of this year. The cash flow gave us significant room to complete our second quarter capital program of $1.3 billion, payout dividends that have increased by 17% over last year and to buy back 6.2 million common shares under our Normal Course Issuer Bid.
Canadian Natural Resource Management Discusses Q2 2012 Results - Earnings Call Transcript
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