Denbury Resources Announces Texas Pacific Group Sale of 9,274,314 Denbury Shares.Energy Editors/Business Editors DALLAS--(BUSINESS WIRE)--March 23, 2004 Denbury Resources Inc. (NYSE NYSE See: New York Stock Exchange :DNR See dynamic noise reduction and domain name resolver. ) ("Denbury" or the "Company") today announced the sale by affiliates of the Texas Pacific Group ("TPG TPG Texas Pacific Group TPG Tapping TPG Transports Publics Genevois (Geneva, Switzerland public transportation) TPG Test Pattern Generator TPG TNT Post Group TPG Trésorier Payeur Général "), of approximately 9.3 million shares of Denbury common stock, selling the balance of the Denbury shares that they own. Prior to this transaction, they owned approximately 17% of the Company's outstanding common stock. Closing is expected to occur on or about March 26, 2004. Denbury will not receive any of the proceeds from the sale of Denbury shares by TPG and this sale does not affect the number of Denbury shares issued and outstanding. Lehman Brothers Inc. will serve as underwriter for the offering. When available, copies of the prospectus supplement and accompanying prospectus may be obtained from Lehman Brothers Inc. at Lehman Brothers, c/o ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717. Denbury Resources Inc. (www.denbury.com) is a growing independent oil and gas company. The Company is the largest oil and natural gas operator in Mississippi, and holds key operating acreage onshore Louisiana and in the offshore Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east areas. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion