Denbury Resources – Day Two Breakout Notes

Phil Rykhoek, President and Chief Executive Officer of Denbury Resources (DNR) presented today at EnerCom’s The Oil & Gas Conference® 17. Denbury Resources Inc. is a growing independent oil and gas company. The Company is the largest oil and natural gas producer in both Mississippi and Montana, owns the largest reserves of carbon dioxide used for tertiary oil recovery east of the Mississippi River, and holds significant operating acreage in the Rocky Mountain and Gulf Coast regions. The Company’s goal is to increase the value of acquired properties through a combination of exploitation, drilling and proven engineering extraction practices, with its most significant emphasis on CO₂ tertiary recovery operations.

During the company’s breakout session, management was asked the following questions:

• What is your attitude about share buybacks?
• Do you see more priority in the Rockies or the Gulf Coast?
• Is there a drive to lower drilling and completion costs?
• Is there a reason you sometimes have the Green Field listed, but sometimes you do not?
• What is the planning horizon for the company?
• What factors are you looking for in fields?
• Are you interested in establishing a presence in the Permian?
• Do you see yourself marketing helium and what is the expected impact on revenue?
• What is the outlook for anthropogenic CO2?
• What is the competitive landscape in anthropogenic CO2 fields?
• What do you see in trends in pricing when bidding on oil fields?
• How many large fields in the Gulf Coast do you see coming on in the next two years or less?

Click here for the Denbury Resources webcast.

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