UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 19, 2006
DENBURY RESOURCES INC.
(Exact name of Registrant as specified in its charter)
Delaware
(State or other jurisdiction
of incorporation or organization)
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1-12935
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20-0467835 |
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(Commission File Number)
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(I.R.S. Employer
Identification No.) |
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5100 Tennyson Parkway |
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Suite 3000 |
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Plano, Texas
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75024 |
(Address of principal executive offices)
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(Zip code) |
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Registrants telephone number, including area code: |
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(972) 673-2000 |
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N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Section 7Regulation FD
Item 7.01 Regulation FD Disclosure.
On April 19, 2006, the Denbury Resources Inc. filed a Registration Statement on Form S-3 that
contained the following disclosures regarding preliminary estimates of selected available
operational and financial information for the quarter ended March 31, 2006, that were previously
non-public information:
Based on preliminary estimates, the Companys production for the first quarter of 2006 is
expected to be between 35,000 to 36,000 BOE/d. Production by area is expected to be
approximately 12,400 BOE/d from the non-CO2 floods in Mississippi, 9,750 BOE/d from CO2
floods, 8,350 BOE/d from Louisiana, 4,000 BOE/d from the Barnett Shale, and approximately
1,000 BOE/d from Alabama, in each case plus or minus up to 250 BOE/d. First quarter
preliminary estimates include two months of production from the three properties acquired in
late January 2006, production from which is estimated to contribute approximately 1,400
BOE/d to estimated total first quarter production.
Each fiscal quarter we charge to earnings any changes in the fair value of our derivative contracts. We preliminarily estimate that this non-cash charge for the first quarter of 2006
will be approximately $10.9 million; for the quarter we also
will record for the first time a non-cash charge to earnings
estimated to be up to $3.0 million to reflect the adoption on
January 1, 2006 of SFAS No. 123(R) related to compensation expense for share-based compensation.