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~~~~~~~® <br />999 JUL 2 2 <br />American Shield Coal Company 1991 <br />suite 17s ! Mined Land <br />10830 North Central Expressway ReCIdRlat10n Division <br />Dallas, Texas 75231 <br />(214) 692-7872 <br />July 19, 1991 <br />Mr. Steve Renner, Director <br />Mined Land Reclamation Division <br />1313 Sherman Street <br />Denver, Colorado 80203 <br />Dear Mr. Renner: <br />American Shield Coal Company is in the process of liquidation <br />because of the complete lack of funds, resources and personnel, <br />after having lost over $5 million in its attempt which failed, due <br />to low coal prices and lack of markets, to develop the Fruita <br />properties in Mesa County, Colorado, which it purchased from <br />Dorchester Coal Company in 1986. The three Fruita leases were <br />surrendered back to their owners in 1989. <br />Reclamation work was done on the properties by Greg Lewicki <br />and Associates, of Denver, Colorado, in accordance with plans sub- <br />mitted and approved by your division, and subsequently 555,000 of <br />the 591,000 bond held in your Favor was released, and $36,000 <br />remains as a bond to be released after total work is done, in <br />accordance with the plans submitted by Greg Lewicki and Associates. <br />Since the Company, as stated above, does not have the <br />necessary funds or resources to pay for any future work, we request <br />that we be allowed to have the bond amount of $36,000 to be re- <br />leased in your favor, thus transferring $36,000 into your account, <br />and thereby being released of any further responsibility for doing <br />any further reclamation work on the Fruita properties. <br />we sincerely hope that this request will meet with your <br />approval. Thank you and best regards. <br />Very truly yours, <br />AMERICAN SHIELD COAL COMPANY <br />`~ C <br />By: J. A. Crichton, Chairman <br />JAC/le <br />A SUBSIDIARY OF ARABIAN SHIELD DEVELOPMENT COMPANY <br />