Denbury Resources Inc. 2008

Denbury’s 2008 annual report illustrates its strategy of combining CO2 capture with incremental oil production. Denbury’s CO2 oil enhanced recovery operations not only increase domestic oil production, but also improve the local economies in which they operate, in turn, helping to reduce our nation’s need for imported oil. Readers could fold out the four-step process and read the annual report narrative to understand Denbury’s strategy.