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ExxonMobil <br />Global Services Company <br />Colony Shale Oil Project <br />P.O. Box 2567 <br />Houston, Texas 77252-2567 <br />E~onMobil <br />October 28, 2004 <br />CvO~i 0 i 2004 <br />diei:,ic;, ci C;iac! .''. L E7aleGV <br />Section 112 Annual Report <br />& Fee -- 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 tuvo copies of our annual report <br />for the Colony Shale Oil Project. <br />Rule 1.15(1)(a) requires an updated statement regarding the sufficiency of the value <br />of the Financial Warranty. We believe that the Financial Warranty for the subject <br />permit is sufficient. <br />If you have any questions, please do not hesitate to call me at (281)654-6248. <br />Sincerely, <br />~•2s~dz~~ <br />Brent D. Patterson <br />Enclosures <br />c: J. F. Moore <br /> <br />An ExxonMobil Subsidiary <br />