EXHIBIT 15




Denbury Resources Inc.:

We have made a review, in accordance with standards  established by the American
Institute of Certified Public Accountants, of the unaudited consolidated interim
financial information of Denbury Resources Inc. (the "Company"), for the periods
ended June 30, 2003 and 2002 as  indicated  in our report  dated August 7, 2003;
because  we  did  not  perform  an  audit,  we  expressed  no  opinion  on  that
information.

We are aware  that our  report  referred  to  above,  which is  included  in the
Company's  Quarterly Report on Form 10-Q for the quarter ended June 30, 2003, is
incorporated by reference in Registration  Statement Nos.  333-1006,  333-27995,
333-55999,  333-70485, 333-39172, 333-39218, 333-63198, 333-90398 and 333-106253
on Forms S-8, and Registration  Statement Nos. 333-107676 and 333-57382 on Forms
S-3 of Denbury Resources Inc.

We also are aware that the aforementioned report,  pursuant to Rule 436(c) under
the  Securities  Act of  1933,  is not  considered  a part  of the  Registration
Statement prepared or certified by an accountant or report prepared or certified
by an accountant within the meaning of Sections 7 and 11 of that Act.


/s/Deloitte & Touche LLP

Dallas, Texas
August 11, 2003