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ExxonMobil <br />Global Services Company <br />Colony Shale Oil Project <br />P.O. Box 2567 <br />Houston, Tezas 77252-2567 <br />E~onMobil <br />October 25, 2005 <br />Section 112 Annual Report & Fee <br />Permit M-1980-047 <br />Division of Minerals and Geology <br />Colorado Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver. CO 80203 <br />Dear Sirs: <br />Enclosed are the Section 112 annual fee payment and two copies of our annual <br />report for the Colony Shale Oil Project. <br />Rule 1.15(1)(a) requires an updated statement regarding the sufficiency of the <br />value of the Financial Warranty. We believe that the Financial Warranty for the <br />subject permit is sufficient. <br />If you have any questions, please do not hesitate to call me at (281) 654-6183. <br />Sincerely, <br />Ronald M. mith <br />Colony Supervisor <br />Enclosures <br />c: J. F. Moore <br />An ExxonMobil Subsidiary <br />