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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 />September 4, 2008 <br /> <br />COLORADO <br />DIVISION O F <br />RECLAMATION <br />MINING <br />- &- <br />SAFETY <br />Bill Ritter, Jr. <br />(~ SSf v Governor <br />o ,~ ~'"~' ' J ~ Harris D. Sherman <br />~/''' Executive Director <br />Mr. Roger Day Ronald W. Cattany <br />American Shale Oil, LLC i~ Division Director <br />110 E. 3rd Street, SUlte 210 Natural Resource Trustee <br />P O Box 1470 <br />Rifle, CO 81650 <br />:_ -- <br />RE: Notice of Intent to Conduct Prospecting Operations for AMSO RD&D Project-Phase 1, File No. P-2008- <br />046, Financial Warranty Acceptance and Approval from DRMS to Commence Prospecting t~ <br />Dear Mr. Day: <br />The Division approved your Notice of Intent to Conduct Prospecting on October 3, 2008. Our letter indicated that your <br />notices were approved with the exception of an adequate financial warranty. On October 21, 2008, the Division <br />received and approved your One Site Prospecting Financial Warranty on Bureau of Land Management Land Check for <br />Deposit in State Treasury No. 1402135894, in the amount of $392,100.00, for File No. P-2008-046. <br />Therefore, final approval from the Division for your Notice of Intent to Conduct Prospecting at AMSO RD&D <br />Project-Phase 1 is hereby granted and you may commence operations at this site. However, if your operation is <br />located on Federal surface or is accessing Federal minerals, you will also need to obtain a permit from the <br />Federal government prior to commencement of operations. <br />Also, in accordance with Rule 5.6, an Annual Report and associated fee of $86.00 per site must be submitted on your <br />notice approval anniversary date for each year following the filing of an NOI until reclamation responsibility release <br />is granted. In addition, Rule 5.3.4 requires the prospector to notify the Division of completion of prospecting <br />operations and Rule 5.7 requires the submittal of a final report for drill holes within 60 days of completion of the <br />abandonment for artesian flow holes and within one year of completion of the abandonment for any other drill holes <br />(Form enclosed and also available on the DRMS website at http://mining.state.co.us). If you have any questions, <br />please contact our office at (303) 866-3567. <br />Sincerely, <br />--~ <br />Elizabeth Taliaferro <br />Program Assistant II <br />Cc: Travis Marshall, DRMS <br />John Morrone, BLM <br />Enclosure: Abandonment Hole Report Form <br />Office of Office of <br />Mined Land Reclamation Denver Grand Junction Durango Active and Inactive Mines <br />