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Oxbow Mining LLC <br />Elk Creek Mine <br />Hole Number: GVB 16-03 Project ID.: Elk Creek Mine Exploration <br />Lease Number: COC -61357 (State or Federal) Surface Owner: Hotchkiss <br />Date Commenced: 7 -Nov -09 Date Completed: 10 -Nov -09 <br />Contractor: Himes Drilling <br />Rig Type: Atlas Copco RD20 <br />Geologist: Doug Allen <br />Date: <br />13 -Nov -09 <br />Toolpusher: Matt Himes <br />Driller: Jim Weatherton <br />Truck Driver: <br />Will Juusola <br />Helper: Beau 0. <br />Sam Homedew <br />Tommy Dennis <br />Shaun L. <br />Coordinates: N. 16521.25 <br />E. <br />35362.90 <br />Location: Township, Range & Section: <br />SE 1/4, Sec. 31, T. 12 S., R. 90 W. <br />Ground Elevation: 7759' <br />Collar Elevation: <br />Geophysical Log Measured From: <br />ground <br />Elevation <br />Total Depth: 1855' <br />Probe Depth: <br />1856' <br />Fluid Level: NA <br />Casing Type: steel T&C <br />Size: <br />9 5/8" <br />Casing Type: sol/slot steel TFC <br />Size: <br />7" <br />Depth: 0-1720' <br />Recovered (Y or N): <br />N <br />Depth: 1642-1819' <br />Recovered (Y or N): <br />N <br />Bit Information <br />Surface Casing 16" Tricone to 60' <br />(14" surface casing) <br />Main Hole 121/4" PDC from <br />60-1720' <br />Core: <br />Bottom Hole 8 3/4" Tricone from 1720-1855' <br />Footage Plugged: 0-1855' Cored: NA <br />Drilling Medium: Air: Foam (Water: Mud: Foam Injection: <br />Depths: 0-75' 75-1855' <br />Lost Circulation Depths: NA Regained ? (Y or N): <br />Water Invasion Depth or Intervals: 75' Estimated Inflow Rates: 30 gpm <br />Gas Invasion Depth or Interval: NA <br />Geophysical Logging Contractor: Jetwest Geophysical <br />Logs Run: Gamma: Y Neutron: <br />Temperature: Density: Y <br />Resistivity: Y Caliper: Y <br />Other (SP, Foc. Elec., Drift, Dep., Sonic): cement dump bailer <br />Hole Cemented (Y or N ), Type: Y No. of Bags: 9 yds for 9 5/8" annulus <br />Interval: to surface <br />Coal Core Sent To: NA Rock Sent To: NA <br />Comments: 7" casing overlaps 79' inside 9 5/8" casing. <br />Tagged gravel at 1824', tagged cement plug at 1819'. <br />