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backfilling, grading, and drainage reestablishment for the sites shown in Table 1, totaling 12.05 acres. <br /> An accounting of the West Elk Mine's bond release history is provided in Table 2 below. <br /> Table 2 <br /> West Elk Mine C-1980-007 Bond Release History <br /> Phase I Phase II Phase III <br /> Release Acres Amount Acres Amount Acres Amount <br /> SL-01 15.19 $79,727.00 0.00 $0.00 0.00 $0.00 <br /> SL-02 5.50 $122,629.00 0.00 $0.00 0.00 $0.00 <br /> SL-03 47.65 $470,488.00 0.00 $0.00 0.00 $0.00 <br /> SL-04 0.00 $0.00 67.60 $196,037.00 0.00 $0.00 <br /> SL-05 13.85 $94,475.00 0.00 $0.00 0.00 $0.00 <br /> SL-06 0.00 $0.00 0.00 $0.00 24.20 $69,761.00 <br /> SL-07 19.23 $97,871.00 0.00 $0.00 0.00 $0.00 <br /> SL-08 10.05 $110,452.00 0.00 $0.00 0.00 $0.00 <br /> SL-09 0.00 $0.00 0.00 $0.00 22.10 $38,462.00 <br /> SL-10 9.97 $149,727.22 0.00 $0.00 0.00 $0.00 <br /> SL-11 0.00 $0.00 0.00 $0.00 15.25 $26,825.00 <br /> SL-12 22.58 $295,827.06 0.00 $0.00 0.00 $0.00 <br /> SL-13 0.00 $0.00 50.04 $81,667.48 0.00 $0.00 <br /> Total 144.02 $1,421,196.28 117.64 $277,704.48 61.55 $135,048.00 <br /> Prior to the SL-14 application the total disturbed acreage(TDA) at the West Elk Mine was 554.53 acres, <br /> and the required surety(RS)was $11,903,264.46. Rule 3.03.1(2) allows for the release of up to 60% of <br /> the applicable bond at Phase I, 25% at Phase II and the remaining 15% at Phase III,the calculation <br /> below shows the maximum dollar amount eligible for release with the approval of SL-14 (X): <br /> SL14 acres <br /> X TDA x RS x 0.6 <br /> 22.58 <br /> X = x $11,903,264.46 x 0.6 <br /> 554.53 <br /> X = $155,195.57 <br /> Table 3 <br /> Maximum Bond Eligible For Release per Rule 3.03.1(2) <br /> Prior to SL-14 Prior to SL-14 SL-14 Eligible for release <br /> (Acres) (Required Surety) (Acres) with SL-14 <br /> Phase 1-60% $7,141,958.68 12.05 $155,195.57 <br /> Phase 11-25% $2,975,816.12 0.00 $0.00 <br /> Phase III- 15% $1,785,489.67 0.00 $0.00 <br /> Total 554.53 $11,903,264.46 $155,195.57 <br /> G 1980-007 Page 8 of 10 <br />