Denbury Announces Two-For-One Stock Split

    DALLAS, September 25 /CNW/ - Denbury Resources Inc. (NYSE:  DNR) ("Denbury"
or the "Company") today announced that its Board of Directors has approved a
two-for-one split of its common stock. The stock split is subject to
stockholder approval of an amendment to the Company's certificate of
incorporation to increase the number of authorized shares of common stock from
250 million shares to 600 million shares and split the stock, to be voted upon
at a special stockholders' meeting tentatively scheduled for Monday, November
19, 2007 for stockholders of record as of October 8, 2007. The record date and
stockholder meeting date are tentative until the Company's definitive proxy
statement is finalized and mailed to stockholders, which is expected to take
place in mid-October. If the stock split is effectuated, the Company's issued
and outstanding common stock will increase from approximately 122 million
shares to approximately 244 million shares after the stock split. If the
meeting is held on November 19, the stock split is expected to take effect for
holders of record on December 5, 2007.

    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
Louisiana, Alabama, in the Barnett Shale play near Fort Worth, Texas, 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, including secondary and tertiary recovery

    This press release contains forward-looking statements relating to the
Company's anticipated split of its common stock that is subject to
uncertainties of external economic factors or changes in the public markets
for oil and gas companies that could affect the timing and exact nature of the
proposed stock split.

For further information:

For further information: Denbury Resources Inc. Gareth Roberts,
972-673-2000 President and CEO or Phil Rykhoek, 972-673-2000 Sr. VP and Chief
Financial Officer

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