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<br />. <br />I <br />. <br />. <br />. <br />. <br />. <br />'. <br />. <br />. <br />I <br />. <br />I <br />I <br />. <br />. <br />. <br />I <br />I <br /> <br />~'~"t')o(I6 <br />'~ ',1 t." .:.. __ <br /> <br />WATER RIGHT STATUS <br /> <br />P & M has carefully filed diligence statements on all of its conditional water rights <br /> <br /> <br />with the Colorado Water Court and the Wyoming State Engineer. Copies of the original <br /> <br /> <br />decrees and the most recent (February 16, 1990) due diligence decrees by the Colorado <br /> <br /> <br />Water Court are attached as Appendix A. The filing with the Wyoming State Engineer <br /> <br /> <br />and his most recent (May 1, 1990) letter extending the time for commencement of <br /> <br /> <br />construction are attached as Appendix B. <br /> <br />As approved by the proper State entities, the Colorado Decrees are in good <br /> <br /> <br />standing until December 1992 and the Wyoming permit is valid until December 1991. <br /> <br /> <br />With proper evidence, all rights might be extended beyond these dates. <br /> <br />.. <br /> <br />t. I <br /> <br />6 <br />