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  September 30, 2003 and 2002 as indicated in our report dated November 12,
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  September  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 No.  333-107676 on Form 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
November 12, 2003