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elnidodelaguila (< 20)

Denbury an ecofriendly oil & gas story...



January 15, 2013 – Comments (0) | RELATED TICKERS: DNR

Good Afternoon Fools:
It seems to me a nice & smart move from Denbury´s board. buying on the cheap oil & gas assets profiting from Today´s projected CO2 flooding infraestructure. Congratulations Longs.
"We estimate that CO2 flooding these newly acquired and to-be-acquired properties … will allow us to recover a combined estimated 140 million to 185 million barrels of otherwise stranded oil. Also, these assets currently produce almost as much oil equivalent as our divested Bakken area assets while generating substantially more free cash flow. … The acquisition of additional assets in [the Cedar Creek Anticline] should allow us to benefit from economies of scale and to leverage our technical knowledge and planned CO2 transportation infrastructure...."

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