UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ONE)*
DENBURY RESOURCES INC.
(Name of Issuer)
COMMON SHARES
(Title of Class of Securities)
247916109
(CUSIP Number)
Check the following box if a fee is being paid with this
statement [ ]. (A fee is not required only if the filing person:
(1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7).
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
_________________________________________________________________
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mackenzie Financial Corporation
_________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) [X]
_________________________________________________________________
3. SEC USE ONLY
_________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Toronto, Ontario, Canada
_________________________________________________________________
5. SOLE VOTING POWER
1,343,400 Shares
__________________________________________________
NUMBER OF
SHARES 6. SHARED VOTING POWER
BENEFICIALLY Nil
OWNED BY __________________________________________________
EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 1,343,400 Shares
__________________________________________________
8. SHARED DISPOSITIVE POWER
Nil
_________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,343,400 Shares
_________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES.*
[ ]
_________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.8%
_________________________________________________________________
12. TYPE OF REPORTING PERSON *
IA
_________________________________________________________________
* SEE INSTRUCTION BEFORE FILLING OUT!
ITEM 1(a) Name of Issuer
DENBURY RESOURCES INC.
ITEM 1(b) Address of Issuer's Principal Executive Offices
2999-300 5th Avenue
Calgary, AB
T2P 3C4
ITEM 2(a) Name of Person Filing
Mackenzie Financial Corporation
ITEM 2(b) Address of Principal Business Office
150 Bloor Street West, Suite M111
Toronto, Ontario M5S 3B5
ITEM 2(c) Citizenship
Organized in Toronto, Ontario, Canada
ITEM 2(d) Title of Class of Securities
Common Stock
ITEM 2(e) CUSIP Number
247916109
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1 (B)
OR 13D-2 (B), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or Dealer
(b) [ ] Bank
(c) [ ] Insurance Company
(d) [ ] Investment Company
(e) [ X ] Investment Adviser
(f) [ ] Employee Benefit Plan, Pension Fund or
Endowment Fund
(g) [ ] Parent Holding Company
(h) [ ] Group
ITEM 4 OWNERSHIP
(a) Amount Beneficially Owned
1,343,400
(b) Percent of Class
5.8%
(c) Number of shares as to which such person has:
(i) sole power to vote 1,343,400
(ii) shared power to vote Nil
(iii) sole power to dispose 1,343,400
(iv) shared power to dispose Nil
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact
that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five
percent of the class of securities, check the following
[ ].
[ X ] Not applicable
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON
Several accounts managed by Mackenzie Financial
Corporation have the right to receive dividends and the
proceeds from the sale of these securities, none of
which own more than 5% of the common shares of Denbury
Resources Inc.
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY
N/A
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP
N/A
ITEM 9 NOTICE OF DISSOLUTION OF GROUP
N/A
ITEM 10 CERTIFICATION
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and
were not acquired for the purpose of and do not have
the effect of changing or influencing the control of
the issuer of such securities and were not acquired in
connection with or as a participant in any transaction
having such purposes or effect.
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information
set forth in this statement is true, complete and
correct.
MARGO D. MACGOUGAN Date: July 8, 1996
Assistant Vice President
