…Carbon Dioxide (CO2)
Denbury Owns Strategic CO2 Reserves and 183-Mile Pipeline in Mississippi
- 12/31/02 Proved Reserves of CO2: 1.6 Tcf
CO2 Can be Used to Recover Additional Oil from Depleted Fields
No CO2 is Sold to Other Oil Operators
Low Cost “Pipeline” of Future Oil Field Acquisitions
Predictable, Low-Risk Future Reserve Adds
Opportunity to Spend 1/3 to 1/2 of Cash Flow in CO2 Play and Replace 100% of Total Company Production