EXHIBIT 15


Denbury Resources Inc.:

We have made a review, in accordance with standards  established by the American
Institute of Certified Public Accountants, of the unaudited consolidated interim
financial  information of Denbury  Resources Inc. (the  "Company") for the three
month periods ended March 31, 2003 and 2002 as indicated in our report dated May
13, 2003;  because we did not perform an audit,  we expressed no opinion on that
information.

We are aware  that our  report  referred  to  above,  which is  included  in the
Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2003, is
being used in this Registration Statement on Form S-3 of Denbury Resources Inc.

We also are aware that the aforementioned report,  pursuant to Rule 436(c) under
the  Securities  Act of  1933,  is not  considered  a part  of the  Registration
Statement  prepared  or  certified  by an  accountant  or a report  prepared  or
certified by an accountant within the meaning of Sections 7 and 11 of that Act.

/s/ Deloitte & Touche LLP

Dallas, Texas
August 5, 2003