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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />L?aC' I <br />COLORADO <br />D I V1 S I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />2 ? 200 Bill Ritter, Jr. <br />September 22, 2008 ? SEP Governor <br />Harris D. Sherman <br />Division of tzcclamation, Executive Director <br />Mr. Roger Day Mining and Safety <br />Ronald W. Cattany <br />American Shale Oil, LLC Division Director <br />P.O. BOX 1470 Natural Resource Trustee <br />110 E. 3rd Street, Suite 210 <br />Rifle, CO 81650 / <br />Y/ <br />- Final Reclamation Cost Estimate. <br />Re: American Shale Oil, LLC ,Notice of Intent No. P - 2008 046 , <br />Dear Mr. Day: <br />The Division of Reclamation Mining and Safety has calculated the bond estimate for the above referenced <br />permit application. Staff has calculated the initial reclamation liability for the proposed prospecting project <br />using information within the application and information submitted by Western Water and Land, Inc.. The <br />estimate is based on what it would cost the state to hire a contractor to reclaim the site if the bond was <br />forfeited and not necessarily what it would cost American Shale Oil, LLC to complete the work. <br />Staff's estimate for the proposed reclamation of the site is $392,089.00, rounded off to $392,100.00. Please <br />review the estimate carefully. Should there be any questions or corrections contact staff immediately. For <br />questions regarding bond placement please contact Elizabeth Taliaferro at phone no. (303) 866-4084. <br />If you need additional information, please contact me at the Division of Reclamation, Mining and Safety, <br />Grand Junction Field Office, 101 S. 3rd St., Suite 301, Grand Junction, Colorado 81501, telephone no. <br />970.241.2042. <br />Sincerely, <br />Travis Marshall <br />Environmental Protection Specialist, Grand Junction Field Office <br />Cc: Steve Shuey, DBMS, GJFO <br />Paul Daggett, Bureau of Land Management, White River Field Office <br />Bill Merrill, Western Water and Land, Inc. <br />Enclosure(s) <br />Office of <br />office of Active and Inactive Mines <br />Mined Land Reclamation Denver Grand Junction Durango