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Denbury Commences Offers For Encore Senior Subordinated Notes

J.P. Morgan Securities Inc. has been engaged to act as the exclusive dealer manager and solicitation agent in connection with the Offers and the Solicitations. Questions regarding the Offer Documents may be directed to (800) 245-8812 (toll free). Requests for documents may be directed to MacKenzie Partners, Inc., the information agent for the Offers, at (212) 929-5500 (collect), (800) 322-2885 (toll free) or tenderoffer@mackenziepartners.com.

The Offers and the Solicitations are being made solely by means of the Offer Documents. Under no circumstances shall this press release constitute an offer to purchase or the solicitation of an offer to sell the Notes or any other securities of the Company or any other person, nor shall there be any offer or sale of any Notes or other securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release also is not a solicitation of Consents to the Proposed Amendments to the indentures and the Notes. No recommendation is made as to whether holders of the Notes should tender their Notes or give their Consents.

About Denbury Resources Inc.

Denbury Resources Inc. ( http://www.denbury.com) is a growing independent oil and natural gas company. The Company is the largest oil and natural gas operator in Mississippi, owns the largest reserves of CO 2 used for tertiary oil recovery east of the Mississippi River, and holds significant operating acreage in Louisiana, Alabama, and Southeast Texas. The Company’s goal is to increase the value of acquired properties through tertiary recovery operations, combined with a combination of exploitation, drilling, and proven engineering extraction practices.

The Company is headquartered in Plano, Texas (a suburb of Dallas) and employs approximately 800 employees, the majority of whom are employed in field operations or field offices.

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