Denbury Resources Inc.  is a growing independent oil and gas company. The Company is the largest oil and natural gas operator in Mississippi, holds key operating acreage onshore Louisiana and has a growing presence in the offshore Gulf of Mexico areas. The Company increases the value of acquired properties in its core areas through a combination of exploitation drillingand proven engineering extraction practices 

http://www.denbury.com

Denbury Resources Announces First Quarter Results 
DALLAS--(BUSINESS WIRE)--May 1, 2008--Denbury Resources Inc. (NYSE: DNR) ("Denbury" or the "Company") today announced its first quarter 2008 financial and operating results. The Company posted quarterly earnings for the first quarter of 2008 of $73.0 million, or $0.30 per basic common share, 339% higher than first quarter 2007 net income of $16.6 million, or $0.07 per basic common share. The higher net income in the 2008 period was attributable to higher oil prices and higher production levels, partially offset by a $38.7 million ($24.4 million after tax) non-cash fair value charge on the Company's derivative contracts, incremental net cash payments on the same and higher overall expenses. Included in the first quarter of 2007 was a non-cash fair value charge of approximately $35.2 million ($21.4 million after tax).
Adjusted cash flow from operations (cash flow from operations before changes in assets and liabilities, a non-GAAP measure) for the first quarter of 2008 of $186.7 million increased 79% over first quarter 2007 adjusted cash flow from operations of $104.2 million. Net cash flow provided by operations, the GAAP measure, totaled $206.3 million during the first quarter of 2008, as compared to $93.3 million for the same measure during the first quarter of 2007. Adjusted cash flow and cash flow from operations differ in that the latter measure includes the changes in receivables, accounts payable and accrued liabilities during the quarter. (Please see the accompanying schedules for a reconciliation of net cash flow provided by operations, as defined by generally accepted accounting principles (GAAP), which is the GAAP measure, as opposed to adjusted cash flow from operations, which is the non-GAAP measure).

Denbury Resources Sets Quarterly Production Record
Announces Near-Record Second Quarter Earnings Announces Officer Changes
DALLAS--(BUSINESS WIRE)--Aug. 2, 2007--Denbury Resources Inc. (NYSE symbol: DNR) ("Denbury" or the "Company") today announced its second quarter 2007 financial and operating results. Production in the second quarter of 2007 was a Company record 41,916 BOE/d, a 12% increase over second quarter of 2006 production, and a 9% increase over first quarter 2007 production levels. The Company also posted near-record earnings for the quarter of $62.6 million, or $0.52 per basic common share, as compared to earnings of $44.3 million, or $0.38 per basic common share, for the second quarter of 2006. The increase in net income was primarily the result of higher production levels, a non-cash gain on mark-to-market fair value adjustments relating to the Company's commodity derivative contracts (as compared to a charge during the second quarter of 2006), and higher overall commodity prices, all of which more than offset higher expenses. On a six month basis, net income was $79.2 million in the first half of 2007 as compared to $88.0 million in the first half of 2006, as the higher production levels in 2007 were more than offset by higher expenses and overall lower commodity prices than in 2006.
During the second quarter of 2007, the Company recorded a $13.3 million non-cash pre-tax mark-to-market gain, primarily related to an increase in the market value of the Company's natural gas swaps for 2007 because of the decrease in natural gas price futures between March 31, 2007 and June 30, 2007. In comparison, the Company recorded a $9.3 million non-cash pre-tax charge to earnings in the second quarter of 2006 related to the oil swaps in place at that time and the increase in oil prices between those quarter-ends.
The percentage increase in adjusted cash flow from operations (cash flow from operations before changes in assets and liabilities, a non-GAAP measure) for the second quarter of 2007 was not as significant as the percentage increase in net income, primarily due to non-cash mark-to-market valuation adjustments. Adjusted cash flow from operations for the second quarter of 2007 was $130.5 million, slightly higher than second quarter 2006 adjusted cash flow from operations of $128.8 million. Net cash flow provided by operations, the GAAP measure, totaled $102.3 million during the second quarter of 2007, as compared to $106.4 million for the same measure during the second quarter of 2006. Adjusted cash flow and cash flow from operations differ in that the latter measure includes the changes in receivables, accounts payable and accrued liabilities during the quarter. (Please see the accompanying schedules for a reconciliation of net cash flow provided by operations, as defined by generally accepted accounting principles (GAAP), which is the GAAP measure, as opposed to adjusted cash flow from operations, which is the non-GAAP measure).

Denbury Resources Inc. Announces Pricing of $150 Million Senior Subordinated Notes Offering 
DALLAS--(BUSINESS WIRE)--March 29, 2007--Denbury Resources Inc. (NYSE:DNR) announced today that it has increased the size of its offering of Senior Subordinated Notes due 2015 from $125 million to $150 million. The notes, which carry a coupon rate of 7.5%, are being sold at 100.5% of par, which equates to an effective yield to maturity of approximately 7.4%. This offering of notes is an additional issuance under the instrument governing Denbury's December 2005 sale of $150 million of Senior Subordinated Notes due 2015, with the aggregate $300 million of 7.5% Senior Subordinated Notes due 2015 already issued and to be issued to trade as a single class. The Company expects to close the sale of the notes on April 3, 2007, subject to the satisfaction of customary closing conditions.
Denbury plans to use the estimated net proceeds from the offering to repay a portion of its current borrowings under the Company's bank credit facility, under which approximately $180 million was outstanding as of March 25, 2007.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes. J.P. Morgan Securities Inc. and Johnson Rice & Company LLC are acting as underwriters for the notes offering with J.P. Morgan Securities Inc. acting as sole book-running manager. A copy of the prospectus for the offering may be obtained on the SEC website at www.sec.gov. Alternatively, the underwriter will arrange to send you the prospectus if you request it by contacting J.P. Morgan Securities Inc. at 270 Park Avenue, 8th Floor, New York, New York 10017, attention Syndicate Desk.