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COLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> Department of Natumal Resources <br /> September 7, 2021 <br /> Mr. Dave Bowers <br /> Caerus Cross Timbers LLC <br /> 143 Diamond Ave <br /> Parachute, CO 81635 <br /> Re: Permit No. M-1980-047, Colony Shale Oil Project,Garfield County <br /> Succession of Operations Approval,S01 <br /> Dear Mr. Bowers, <br /> On September 7,2021 the Division of Reclamation, Mining and Safety approved the succession of operator <br /> from Exxon Mobil Corp. to Caerus Cross Timbers LLC for this operation. Caerus Cross Timbers LLC is <br /> now the permitted operator of Colony Shale Oil Project,and as such,is responsible for all provisions <br /> in M-1980-047 as well as those specified in the Rules and Regulations. Exxon Mobil Corp. is <br /> relieved of all responsibilities concerning this operation. <br /> Please Note: <br /> 1. All of the application materials, as amended and supplemented, are in integral part of your <br /> permit. They have been incorporated into the permit by reference. We presume that you <br /> have a copy of all of these materials; therefore, none have been enclosed with this mailing. <br /> We suggest that you keep a copy of the permit and the permit application at the mining <br /> operation as a reference for operation personnel,to help ensure compliance with the terms of <br /> the permit. <br /> 2. Changes in the mining and reclamation operations that differ from those described in the <br /> permit may require a modification to the permit. We suggest consulting the Rules and <br /> Regulations and/or contacting us to determine if a modification to the permit is necessary. <br /> Rule 1.10 pertains to Amendments, Rule 1.9 to Technical Revisions, and Rule I.11 to <br /> Conversions. <br /> 3. On your permit anniversary date each year, you must submit an annual fee and annual report <br /> to us. Please consult the Rules, Act, and your permit for specific requirements. Annual <br /> reports, maps, and fees must be filed electronically using the Division's ePermitting portal. <br /> If you have not done so already, you will need to sign up for electronic filing of your annual <br /> report, map, and fee by visiting the Division's web site {http:Hmininp.state.co.us) clicking <br /> on "ePermitting" on the home page, and then clicking on the "Sign up for Minerals Annual <br /> Report Electronic Filing" link. <br /> !0" <br /> 1313 Sherman Street, Room 215, Denver,CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us I *I ' *f <br /> t <br /> Jared S. Polis, Governor i Dan Gibbs, Executive Director I Virginia Brannan, Director <br /> 18p <br />