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 periods
ended March 31, 2003 and 2002,  June 30, 2003 and 2002,  and  September 30, 2003
and 2002,  as indicated in our reports dated May 13, 2003,  August 7, 2003,  and
November  12,  2003,  respectively;  because  we did not  perform  an audit,  we
expressed no opinion on that information.

We are aware that our  reports  referred to above,  which were  included in your
Quarterly  Reports on Form 10-Q for the quarters ended March 31, 2003,  June 30,
2003  and  September  30,  2003,  are  being  used in this  Amendment  No.  2 to
Registration Statement No. 333-39172 of Denbury Resources Inc.

We also are aware that the aforementioned reports, pursuant to Rule 436(c) under
the  Securities  Act of  1933,  are 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
December 29, 2003