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Stock Market & Financial Investment News

News Breaks
February 21, 2013
07:34 EDTDNRDenbury Resources sees 2013 total production 68,700-71,700 BOE/d
Including the estimated production contribution from the pending CCA Acquisition, Denbury's average 2013 production estimates remain the same as those previously announced. Denbury's 2013 capital expenditure budget remains unchanged at $1B, approximately 85% of which is for tertiary projects, with the remainder for conventional projects, primarily in the Cedar Creek Anticline.
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February 26, 2015
08:10 EDTDNREvolution Petroleum and Denbury Resources sign reversal of suspended revenue
Evolution Petroleum (EPM) and Denbury (DNR) executed an agreement under which Denbury will reverse the previously disclosed suspension of 2.89% of Evolution's overriding royalty interest revenues and will release to Evolution amounts previously suspended totaling approximately $712K Denbury further agreed not to suspend any future revenues attributable to any of Evolution's revenue interests, except under limited circumstances, and will limit any cash calls to amounts needed to fund near term capital expenditures. This agreement does not settle any of the outstanding litigation matters with Denbury, including their counterclaim related to the net revenue interest conveyed in the 2006 Purchase and Sale Agreement. The litigation is continuing and currently scheduled for trial in July 2015.

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