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Denbury Resources Inc
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June 2012 Corporate Presentation Update
| Phil Rykhoek | Page 20 of 11 |
April 26, 2024
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"June 2012 Corporate Presentation Update"
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20 20 CO2 EOR 226 Compelling Economics (1) Source: ISI Group report dated June 15, 2012. Defined as the threshold WTI oil price necessary to generate a 15% after - tax rate of return. Excludes acreage costs. (2) Internal estimate for indicative large CO2 EOR development project in the Gulf Coast Region. $50 $50 $51 $58 $59 $61 $64 $65 $75 $76 $79 $83 $86 $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 WTI Breakeven Price for a 15% After - Tax Rate of Return ($ per Bbl)(1)