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MW-95-02 201826 NA Alluvial ~ ~ ' MJ-95-01 201829 NA Alluvial MJ-95-02 201828 NA Alluvial r • ~ ., MJ-95-03 201830 NA Alluvial MT-95-O1 ~ 201835 ~ MR-35 ~~ Alluvial MT-95-02 ~ 201836 MR-35 ~ Alluvial ~~ = UL-95-01 201831 NOI G seam UL-950 201838 MR-35 G seam ,, `,r ' ~ UL-955 201837 MR-35 - Trout Creek '• W-95-02 201834 NOI Trout Creek ~ - •• W-95-11 201832 NOI Trout Creek ~• ''"'`' ` W-95-15 201833 NOI Trout Creek Per the Division's guidance email of May 11, 1999 (see attached) the Division indicates that it's present policy is to permit exploration holes located within and without Permit areas under the NOI procedures. The Division further indicates that previous exploration holes located within the Permit area and permitted either through previous TR's or MR's may be transferred to an NOI status through the use of a Technical Revision. Colowyo has conducted exploration activities outside the Permit Area during the period 1995 through 1997 under NOI X-95-109-05. See Table 2, NOI X-95-109-OS Coal Exploration Information for details. The reclamation bond for this NOI, held by the Division, is $351,783 (Fireman's Fund Insurance Co. Bond /f 11119389754). Many of the early NOI holes were never drilled and the bond liability later transferred to subsequent holes. As noted above, some of the NOI holes were converted to water monitoring holes. Some of the NOI holes were never drilled at all. Table 2 indicates that the calculated bond liability is currently $268,888.83 leaving a contingency of $82,894.17. Colowyo estimates that, because many of the holes have been mined through, converted to State Engineer monitor wells, etc. they no longer have a calculated liability attached to them. Table 1 indicates that while there was originally $57,303.39 in calculated liability for the sites, there remains only $23,673.53 calculated bond liability left in place. The Division's May 11, 1999 email also indicates that bonding for the transferred holes would need to be covered by the NOI bond. While we will also be requesting that the Division grant bond release for all holes in the NOI plus the transferred Permit area holes, for bonding purposes, the NOI contingency of $82,894.17 will be sufficient to cover the remaining Permit Area liability of $23,673.53. Therefore, no additional NOI bond increase will be necessary to cover the transferred holes. In conclusion, Colowyo is requesting that all of the explorations sites presently located within Permit area C-81-019 be transferred to NOI-X-95-109-OS status. The NOI bond contingency is sufficient to cover the remaining liability of the Permit area exploration programs. Bond release for the Permit area sites will be covered under the NOI bond release procedures. 3