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February 21, 2013
07:33 EDTDNRDenbury Resources reports Q4 adjusted EPS 36c, consensus 29c
Reports Q4 revenue $609.2M, consensus $573.86M. Production for Q4 averaged 70,116 BOE/d, which included 37,550 Bbls/d from tertiary properties and 10,064 BOE/d from the Bakken assets sold in the quarter. Q4 continuing production, which excludes the divested Bakken assets, was 60,052 BOE/d, up 7% from the prior quarter continuing production level, driven by an 8% sequential increase in tertiary production and a 6% sequential increase in non-tertiary production.
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