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3/19/2001 10:06 9709295256 <br />BOWIE RESOURCES LTD <br />PAGE 02/02 <br />III IIIIII'lllllllll <br />sss <br />BOWIE RESOURCES, LIMITED <br />P.O. Box 1488 • Paonlo. CO 81428 974527-4135 Fox 974527-2234 <br />March 19, 2001 <br />David Berry <br />Coal Program Supervisor <br />Colorado Division of Minerals and Geology <br />13]3 Sherman Street Room 215 <br />Denver, CO 80203 <br />RE: Reclamation Bonds <br />Dear Mr. Berry <br />Sincerely; <br />Bowie is expecting to post a four million dollar ($4,000,000) Certificate of <br />Deposit with your agency on IKazch 20's as part of our effort to clean up the bonding <br />issues at Bowie. This CD will be at one bank, First National Bank of Paonis. We realize <br />this does not completely conform to the DMG regulations addressing CDs. Also we <br />realize the two million dollaz ($2,000,000) letter of credit does not totally conform to the <br />regulations in that it cannot be drawn through a Colorado bank. We will not be able to <br />aue these deficiencies before the deadline of March 20°i. Therefore we are requesting a <br />thirty day extension of the Mazch 20~' deadline in order to continue to resolve these <br />deficiencies. We realize this request is comingent upon the posting of the four million <br />dollar CD. <br />~~~u~v~eS~..C~i <br />Keith Sieber <br />President <br />cc' Stephen Addington <br />Michael Nemser <br />On the CuNing Edge of Customer Service <br />