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7/28/2015 State.co.us Executive Branch Mail -Re: Oxbow Relinquishment of Exploration License COC76319 and NOI-X-2012-223-11 <br />STATE, OF Hernandez - DNR AI sha <al sha.hernandez state.co.us> <br />COLORADO , Y Y <br />Re: Oxbow Relinquishment of Exploration License COC76319 and NOI-X-2012- <br />223-11 <br />1 message <br />Musick - DNR, Jason <jason.musick@state.co.us> Mon, Jul 27, 2015 at 3:06 PM <br />To: Jim Kiger <Jim.Kiger@oxbow.com> <br />Cc: Alysha Hernandez - DNR <alysha.hernandez@state.co.us> <br />Good afternoon Jim, <br />The Division currently has an application for Amendment No. 1 (AM -1) associated with NOI X-2012-223-11. The <br />application was deemed incomplete on January 29, 2014 due to Right of Entry information. Based on the <br />relinquishment of COC76319 and the information in the email below, AM -1 will need to be withdrawn. <br />Thanks, <br />Jason <br />On Mon, Jul 27, 2015 at 2:38 PM, Jim Kiger <Jim.Kiger@oxbow.com> wrote: <br />All: <br />First: <br />Recall that OMLLC had approval for a two borehole BLM Exploration License COC76319 for the area we called <br />Oak Mesa North. <br />Oxbow had not submitted an NOI application to CDRMS because of the economic uncertainty of the coal <br />market and the uncertainty as to whether we would conduct the exploration. <br />Subsequently, such economic uncertainty has led Oxbow to decide to relinquish the Exploration license <br />without drilling the boreholes. <br />Please see the BLM Decision for relinquishment of the subject License and the terminated Lexon Bond <br />1098852. <br />Second: <br />Oxbow has also reviewed the reclamation associated with the initial Oak Mesa Project under COC74911 and <br />NOI-X-2012-223-11. We believe the area is ready for a final bond release inspection. Desty Dyer of BLM has <br />likewise expressed interest in conducting an inspection in early September. Oxbow would like to initiate such <br />a coordinated inspection with the two agencies. <br />Please advise. <br />Regards <br />James A. Kiger <br />https://m ail.googl e.com/mail/u/0/?ui=2&i k=e29129fcb5&view= pt&search= i nbox&th=14ed156e88384da3&si ml=14ed156e88384da3 1/2 <br />