EX-99.2 3 h69497exv99w2.htm EX-99.2 exv99w2
Exhibit 99.2
Summary pro forma combined oil and
natural gas reserve data
 
The following tables set forth summary pro forma information with respect to Denbury’s and Encore’s pro forma combined estimated net proved and proved developed oil and natural gas reserves as of December 31, 2009. This pro forma information gives effect to the merger as if it occurred on December 31, 2009. Future exploration, exploitation and development expenditures, as well as future commodity prices and service costs, will affect the reserve volumes attributable to the acquired properties and the standardized measure of discounted future net cash flows.
 
Estimated quantities of oil and natural gas reserves as of December 31, 2009
 
         
 
    Denbury
 
    pro forma
 
    combined  
 
 
Estimated proved reserves:
       
Oil (MBbl)
    339,973  
Natural Gas (MMcf)
    527,047  
MBOE
    427,815  
Estimated proved developed reserves:
       
Oil (MBbl)
    237,592  
Natural Gas (MMcf)
    391,936  
MBOE
    302,915  
Present value of estimated net cash flow:
       
Present value of discounted estimated future net cash flow before income taxes (PV-10 Value)(in thousands)
  $ 5,216,496