If the stock split is approved, Denbury’s issued and outstanding common stock will increase from 122 million to 244 million shares after the stock split. If the meeting is held on November 19, the stock split should take effect for holders of record on December 5, 2007.
Denbury is an independent oil and gas company. It is the largest oil and natural gas operator in Mississippi, owns the largest reserves of CO2 used for tertiary oil recovery east of the Mississippi River, and holds operating acreage onshore Louisiana, Alabama, in the Barnett Shale play near Fort Worth, Texas, and properties in Southeast Texas.
Most Popular Articles