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7/29/2015 State.co.us Executive Branch Mail - Fwd: Oxbow Relinquishment of Exploration License COC76319 and NOI-X-2012-22311 <br />STATE, OF Hernandez - DNR AI sha <al sha.hernandez state.co.us> <br />COLORADO , Y Y <br />Fwd: Oxbow Relinquishment of Exploration License COC76319 and NOI-X- <br />2012-223-11 <br />1 message <br />Musick - DNR, Jason <jason.musick@state.co.us> Wed, Jul 29, 2015 at 9:27 AM <br />To: Alysha Hernandez - DNR <alysha.hernandez@state.co.us> <br />Please scan under NOI -X-2012-223-11 as a new revision, SL -1. Please insert today's date as the submittal <br />date in the system. <br />Thanks! <br />---------- Forwarded message ---------- <br />From: Jim Kiger <Jim,Kiger@oxbow.com> <br />Date: Mon, Jul 27, 2015 at 2:38 PM <br />Subject: Oxbow Relinquishment of Exploration License COC76319 and NOI-X-2012-223-11 <br />To: "Hernandez - DNR, Daniel" <daniel.hernandez@state.co.us>, "Musick - DNR, Jason" <br /><jason.musick@state.co.us> <br />Cc: Mike Ludlow <Mike.Ludlow@oxbow.com>, Doug Smith <Doug.Smith@oxbow.com>, Desty Dyer <br /><ddyer@blm.gov> <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 market <br />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 without <br />drilling the boreholes. <br />Please see the BLM Decision for relinquishment of the subject License and the terminated Lexon Bond <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 a <br />coordinated inspection with the two agencies. <br />Please advise. <br />Regards <br />https://m ail.googl e.com/mail/u/0/?ui=2&i k=e29129fcb5&view= pt&search= i nbox&th=14eda6c93cdcee84&si ml=14eda6c93cdcee84 1/2 <br />