Denbury Announces Reaffirmation of Borrowing Base and Third Quarter 2016 Release and Conference Call Date
17 October 2016 - 9:30PM
Denbury Resources Inc. (NYSE:DNR) (“Denbury” or the “Company”)
today announced that it has completed its fall 2016 semi-annual
borrowing base redetermination under its revolving credit facility
(“Facility”), and the syndicate of banks has reaffirmed the
previously existing borrowing base of $1.05 billion, the same
amount committed by the banks to loan under the Facility. A
total of $260 million of borrowings were outstanding under the
Facility at September 30, 2016. There were no changes to the terms
or conditions of the Facility, and the next regularly scheduled
borrowing base redetermination is set to occur on or about May 1,
2017.
Denbury today also announced that it will host a
conference call to review and discuss third quarter 2016 financial
and operating results, together with its financial and operating
outlook for the remainder of 2016, on Thursday, November 3, 2016 at
10:00 A.M. (Central). The Company plans to issue its
financial and operating results prior to the market opening on the
same day. Individuals who would like to participate should
dial the applicable dial-in number listed below ten minutes before
the scheduled start time.
What:
Denbury Resources Third Quarter 2016 Results Conference Call |
Date:
Thursday, November 3, 2016 |
Time:
10:00 A.M. (Central) / 11:00 A.M. (Eastern) |
Dial-in
numbers: 800.230.1093 (domestic) and 612.332.0226
(international) |
Conference ID
number: 361970 |
A live presentation webcast of the conference
call will be available on the Company’s website at www.denbury.com.
The webcast will be archived on the website and a telephonic
replay will be accessible for at least one month after the call by
dialing 800.475.6701 (domestic) or 320.365.3844 (international) and
entering the conference ID number: 361970.
Denbury is an independent oil and natural gas
company with operations focused in two key operating areas: the
Gulf Coast and Rocky Mountain regions. The Company's goal is
to increase the value of its properties through a combination of
exploitation, drilling and proven engineering extraction practices,
with the most significant emphasis relating to carbon dioxide
enhanced oil recovery (CO2 EOR) operations. For more
information about Denbury, please visit www.denbury.com.
DENBURY CONTACTS:
John Mayer, Investor Relations, 972.673.2383
Ben Nelson, Financial Analyst, 972.673.2787
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