Denbury Announces Natural Gas Discovery

Denbury Resources announced the discovery of natural gas in the Lirette Field, Terrebonne Parsih, Louisiana. The Fina Fee No. 1 exploratory well was drilled by Parker Drilling's inland barge, PD-16. Analysis of core samples indicate approximately 100 net feet of pay in the Tex W sands at approximately 17,000 feet. It is expected that this well will produce at a rate of 10 to 15 million cubic feet of natural gas per day. This estimate is based on rates from similar wells in the same field. Production is expected to commence within 30 days. Denbury Resources holds a 67 percent working interest in this discovery.