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III IIIIIIIIIIIIIIII <br />sss <br />RECEIVED <br />-~ MAR 0 9 1998 <br />Division of Minerals & Geobgy <br />BASIN <br />RESOURCES, ~N~. <br />a subsidiary of ENTECH, Inc. March 5, 1998 <br />Mr. Kent Gorham <br />State of Colorado <br />Division of Minerals & Geology <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />Re: TR-45 Stipulations & Bond Reduction <br />Dear Mr. Gorham: <br />14300 Highway 12 <br />Weston, Colorado 81091 <br />(719)868-2761 <br />Purchasing (719) 868-2768 <br />Fax (719)868-2275 <br />Bazin Resources has received notification that the Oil and Gas Conservation Commission has approved <br />two of the three remaining potential Industrial Use Sites az Methane Producing Wells. As per the . . <br />stipulation, the approval form and survey plat for each site are enclosed for insertion into the mining <br />permit. Table 24 has been updated, copies are also enclosed. <br />Title work is in progress to determine ownership of the gaz estate at the remaining site. It is uncertain at <br />this time whether or not OGCC will approve the Bleeder fan shaft az a gas well. <br />The total DMG bond liability far the 32 sites approved and bonded for methane production by OGCC is <br />$I 11,490. Bazin Resources requests that the Golden Eagle bond liability be reduced by this amount. <br />Pleaze contact me if there are any questions, or if you need additional information. <br />Sinc elypp,11 <br />~e,(~~ <br />Ronald G. Thompson <br />Property Manager <br />Enclosures <br />Exhibit 31, pages 79-82 <br />Table 24, pages I-2 <br />Submittals to OSM & BLM <br />S~_" <br />~~ ,q 9 <br />~ Ia,~,~ <br />~ Z ,~ ~e~ <br />~~, 41 <br />I~ <br />tf' <br />f~ 'V ~~I <br />~~r~~~~ 17at~l~~r~ <br />16Y I)~~Lf~t~ <br />~t~ u,i~. <br />