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Denbury Resources, Encore Merger Approved

March 10, 2010 (FinancialWire) — Denbury Resources Inc. (NYSE: DNR) and Encore acquisition Co. (NYSE: EAC) said they have both received the requisite stockholder approval to merge Encore with and into Denbury.

Special meetings of the stockholders of each of Denbury and Encore were held on March 9 to consider and vote upon proposals to adopt the Agreement and Plan of Merger, dated as of October 31, 2009, by and between Denbury and Encore, which provide for, among other things, the merger of Encore with and into Denbury, and in Denbury’s case the issuance of Denbury common stock to Encore stockholders as part of the merger consideration.

The combined company will continue to be known as Denbury Resources and will be headquartered in Plano, Texas.

Texas-based Denbury Resources is an independent oil and natural gas operator in Mississippi, and owns CO2 reserves used for tertiary oil recovery east of the Mississippi River, as well as operating acreage in Louisiana, Alabama, and Southeast Texas.

Texas-based Encore acquisition is engaged in the acquisition and development of oil and natural gas reserves from onshore fields in the United States.

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