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Oxbow Mining LLC <br />Elk Creek Mine <br />Hole Number: GVB -07 -04 Project ID.: Elk Creek Mine Exploration <br />Lease Number: COC -61357 (State or Federal) Surface Owner: BLM <br />Date Commenced: 4- Feb -06 Date Completed: 15- Feb -06 <br />Contractor: <br />Stewart Bros. Rig Type: Gardner - Denver 2 500 -Rig #46 <br />Geologist: <br />Doug Allen Date : <br />15- Feb -06 Toolpusher: Frank Pichardo <br />Driller: <br />Justin Barris Truck Driver: <br />Ray Contreras Helper: Paco Pizzano <br />Water Invasion Depth or Intervals: 35' <br />Gas Invasion Depth or Interval: <br />Ferlin Yonnie <br />Javier Gallegos Mike Lewis <br />Coordinates: N. <br />14791.18 E. <br />31120.93 <br />Location: Township, Range & Section: <br />NE 1/4 Sec. 1, T. 13 S., R. 91 W. <br />Ground Elevation: <br />6883' Collar Elevation: <br />Hole Cemented( Y or N ),Type: Y <br />Geophysical Log Measured From: Ground <br />Elevation <br />Total Depth: <br />785' Probe Depth: <br />786' Fluid Level: NA <br />Casing Type: <br />steel, T &C <br />Size: 95/8 <br />Casing Type: <br />slotted steel, T &C <br />Size: 7° <br />Depth: <br />0 -640' Recovered (Y or N): <br />N- cemented <br />Depth: <br />580' -740' Recovered (Y or N): <br />N -loose <br />Bit Information <br />Surface Casing <br />17" Tri -cone from 0-56'(14" steel casing <br />- welded) <br />Main Hole <br />12 1/4" Tri -cone from 56' to 640' <br />Core: <br />Bottom Hole <br />8 3/4" Tri -cone from 640' -785' <br />Footage Plugged: 785' Cored: <br />0 <br />Drilling Medium: Air: Sta -Foam 2021Water: <br />Mud: Foam Injection: <br />Depths: 0 -35' 35' -785' <br />Lost Circulation Depths: NA <br />Regained ? (Y or N): <br />Water Invasion Depth or Intervals: 35' <br />Gas Invasion Depth or Interval: <br />Estimated Inflow Rates: 0.5 gpm <br />Geophysical Logging Contractor: Jet West Geophysical, LLC <br />Logs Run: Gamma: X <br />Neutron: <br />Temperature: <br />Density: X <br />Resistivity: X <br />Caliper: X <br />Other (SP, Foc. Elec., Drift, Dep., Sonic): Deviation: 12.8' at 208 degrees <br />Hole Cemented( Y or N ),Type: Y <br />No. of Bags: 9 yds for 9 5/8 annulus <br />Interval: to surface <br />Coal Core Sent To: NA <br />Rock Sent To: NA <br />Comments: <br />7" casing overlaps 80' inside 9 5/8" casing (40' slotted, 40' solid) <br />9 5/8" casing abandoned to surface with 9 cubic yards portland type <br />II cement July, 2009. <br />Stewart Bros. Colorado water well license #1141. <br />