-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JP6e07BDAX7X/VJHyRrmgviZL3AfZw6wf5yVzifbWwS0Y3a/voy82QKz4/OJkekR AqmCHynANZSKgg8pgXhWrA== 0000950134-01-504295.txt : 20010725 0000950134-01-504295.hdr.sgml : 20010725 ACCESSION NUMBER: 0000950134-01-504295 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010724 ITEM INFORMATION: ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010724 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DENBURY RESOURCES INC CENTRAL INDEX KEY: 0000945764 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752815171 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12935 FILM NUMBER: 1686581 BUSINESS ADDRESS: STREET 1: 5100 TENNYSON PARKWAY, #3000 CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: 9726732000 MAIL ADDRESS: STREET 1: 17304 PRESTON RD STREET 2: STE 200 CITY: DALLAS STATE: TX ZIP: 75252 FORMER COMPANY: FORMER CONFORMED NAME: NEWSCOPE RESOURCES LTD DATE OF NAME CHANGE: 19950627 8-K 1 d89240ae8-k.txt FORM 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT ON Form 8-K filed July 24, 2001 PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): July 24, 2001 DENBURY RESOURCES INC. (Exact name of Registrant as specified in its charter) DELAWARE (State or other jurisdiction of incorporation or organization) 1-12935 75-2815171 (Commission File Number) (I.R.S. Employer Identification No.) 5100 TENNYSON PARKWAY SUITE 3000 PLANO, TEXAS 75024 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (972) 673-2000 2 ITEM 5. OTHER EVENTS. On July 24, 2001, the Company issued the press release attached hereto as Exhibit 99.1 announcing the Company's private offering of $75,000,000 of senior subordinated notes. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits: 99.1 Company press release dated July 24, 2001 titled "Denbury Resources Announces Private Offering of $75,000,000 of Senior Subordinated Notes." ITEM 9. REGULATION FD DISCLOSURE. Preliminary Second Quarter Results The Company is scheduled to release its earnings for the second quarter of 2001 on August 2, 2001. As of the date hereof, although these results were not yet available, the Company does not expect results for the second quarter to vary significantly from our current forecasts. The Company's forecast for average daily production for the quarter is approximately 28,000 BOE/d. The Company's forecast for lease operating expenses is approximately $5.25 per BOE, excluding taxes, and the Company expects production taxes for the second quarter to be down slightly from the first quarter expense of $1.09 per BOE to approximately $1.05 per BOE. The Company's second quarter forecasted depletion, depreciation and amortization expense is approximately $5.15 per BOE and general and administrative expense is approximately $1.10 per BOE. The Company expects that its oil production during the second quarter was sold at an average discount to NYMEX oil prices of approximately $4.50 to $5.00 per Bbl and its natural gas production was sold at an average premium to NYMEX natural gas prices of 2% to 4%. The Company expects that the effect of generally lower prices for oil and natural gas in the second quarter as compared to the first quarter of 2001 will have a negative effect on quarter-to-quarter earnings and cash flow, offset to some degree by increases in production quantities. 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. DENBURY RESOURCES INC. (Registrant) Date: July 24, 2001 By: /s/ PHIL RYKHOEK --------------------------------- Phil Rykhoek Chief Financial Officer 4 EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION - ------- ----------- 99.1 Company press release dated July 24, 2001 titled "Denbury Resources Announces Private Offering of $75,000,000 of Senior Subordinated Notes."
EX-99.1 2 d89240aex99-1.txt PRESS RELEASE DATED JULY 24, 2001 1 EXHIBIT 99.1 DENBURY RESOURCES INC. PRESS RELEASE DENBURY RESOURCES ANNOUNCES PRIVATE OFFERING OF $75,000,000 OF SENIOR SUBORDINATED NOTES News Release Released at 7:30 AM CDT DALLAS - July 24, 2001 - Denbury Resources Inc. (NYSE / TSE symbols: DNR) ("Denbury" or the "Company") today announced that it intends to raise approximately $75 million through a private placement (Rule 144A offering) of Series B Senior Subordinated Notes due 2008. The notes will be issued under a separate indenture but on terms substantially identical to the Company's existing 9% Senior Subordinated Notes due 2008. The offering will be made within the United States only to qualified institutional buyers and outside the United States to non-U.S. investors. The Company expects to price the notes during the week of July 30th, 2001. Denbury plans to use the estimated net proceeds of $69.7 million from the offering to repay a majority of the long-term debt borrowed under the Company's bank credit facility in connection with the recent acquisition of Matrix Oil & Gas, Inc. The Matrix acquisition closed on July 10, 2001. The notes have not been registered under the Securities Act of 1933 or applicable state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the notes. This press release, other than historical financial information, contains forward looking statements that involve risks and uncertainties including whether the offering of the notes will actually occur. For further information contact: DENBURY RESOURCES INC. Gareth Roberts, President and CEO, 972-673-2000 Phil Rykhoek, Chief Financial Officer, 972-673-2000 www.denbury.com
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