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<br /> <br />December 11, 2024 <br /> <br />Ed Seymour <br />QB Energy Operating, LLC <br />1001 17th Street, Suite 1600 <br />Denver, CO 80202 <br /> <br />Re: Colony Shale Oil Project, Permit M-1980-047, Succession of Operators Approval, <br />Revision SO-2 <br /> <br />Ed. Seymour: <br /> <br />On December 5, 2024, the Division of Reclamation, Mining and Safety approved the succession <br />of operators from Caerus Cross Timbers LLC to QB Energy Operating, LLC for this operation. <br />QB Energy Operating, LLC is now the permitted operator of the Colony Shale Oil Project, and <br />as such, is responsible for all provisions in M-1980-047, as well as those specified in the Rules <br />and Regulations. Caerus Cross Timbers LLC is relieved of all responsibilities concerning this <br />operation. <br /> <br />Please Note: <br /> <br />1. All of the application materials, as amended and supplemented, are an 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 /> <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 1.11 to <br />Conversions. <br /> <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 (https://drms.colorado.gov) clicking <br /> <br /> <br /> <br /> <br /> <br />