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04/30/2001 08:38 FAX <br />Snell <br />&. Wilmer <br />• L.L.P. <br />April 27, 2001 <br />Page 2 <br />~joo3 <br />Part II. Efforts Involving Frontier <br />On April 17, 2001, Powderhom was informed by a letter from C. Linden that the State, in <br />essence, has concluded its negotiations with Frontier. Powderhorn has informed Frontier of its <br />disappointment with this result and has urged Frontier to take every necessary action to resolve <br />the matter prior to the May hearing before the Mined Land Reclamation Board (attached). <br />Part !II. Other Efforts and Activities <br />On April 13, 2001, Powderhom received an NOV based on the suspension of Frontier's <br />authority to conduct business in Colorado by the Commissioner of Insurance. The NOV <br />abatement period expires on May 14, 2001. <br />Please let me know should you have any questions regarding this report or any other <br />aspect of this matter. <br />Very truly yours, <br />Snell & Wilmer, L.L.P. <br />Robert D. Comer <br />cc: Michael B. Long, Division Director, State of Colorado <br />Division of Minerals & Geology (Via Hand Delivery) <br />Enclosure <br />/RDC <br />