Denbury Resources Inc. (NYSE: DNR) (the “Company”) and Encore Acquisition Company (NYSE: EAC) (“Encore”) each scheduled March 9, 2010 as the date for their respective upcoming special stockholder meetings. On October 31, 2009, the Company and Encore entered into a definitive agreement providing for the merger of Encore with and into the Company in exchange for cash and Company common stock. At these meetings, the Company stockholders will vote on, among other items, the merger of Encore with and into the Company and the issuance of Company common stock to Encore stockholders pursuant to the merger, and the Encore stockholders will vote on, among other items, the merger with and into the Company. The Company and Encore each set February 3, 2010 as the record date for stockholders entitled to vote at their respective upcoming special stockholder meetings.
Denbury Resources Inc. (
) is a growing independent oil and gas company. The Company 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 significant operating acreage onshore Alabama and properties in Southeast Texas. 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 relating to tertiary recovery operations.
Encore Acquisition Company (
) is engaged in the acquisition and development of oil and natural gas reserves from onshore fields in the United States. Since 1998, Encore has acquired producing properties with proven reserves and leasehold acreage and grown the production and proven reserves by drilling, exploring, reengineering or expanding existing waterflood projects, and applying tertiary recovery techniques.
ADDITIONAL INFORMATION & FORWARD LOOKING STATEMENTS
This press release contains forward-looking information regarding the Company that is intended to be covered by the safe harbor “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on our current expectations and projections about future events and involve known and unknown risks, uncertainties, and other factors that may cause our actual results and performance to be materially different from any future results or performance expressed or implied by these forward-looking statements. Please refer to our filings with the SEC, including our Form 10-K for the year ended December 31, 2008, for a discussion of these risks.