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Oxbow Mining LLC <br />Elk Creek Mine <br />Hole Number: ECM 08-56 Project ID.: Elk Creek Mine Exploration <br />Lease Number: COC-61357 (State or Federal) Surface Owner: BLM <br />Date Commenced: 26-Jul-08 Date Completed: 31-Jul-08 <br />Contractor: Himes Drilling <br />Geologist: Doug Allen <br />Driller: Kevin Himes <br />Rig Type: Portadrill TKT Rig 7 <br />Date : 11-Nov-08 Toolpusher: <br />Truck Driver: Aaron Bucheim Helper: Lloyd F. <br />Will Juusola <br />Coordinates: N. 8371.95 E. 46327.25 <br />Location: Townshi p, Range & Section: NE1/4 Sec.9, T.13S., R.90W. <br />Ground Elevation: 7472' Collar Elevation: <br />Geophysical Log M easured From: Ground Elevation <br />Total Depth: 1510' Probe Depth: 1508' Fluid Level: 1233' <br />Casing Type: steel, T&C Size: 7" <br />Casing Type: Size: <br />Depth: 20' Recovered (Y or N): Y <br />Depth: Recovered (Y or N): <br />Bit Information <br />Surface Casing 9 7/8" Tricone to 9.5' <br />Main Hole 5 7/8" PCD to 1447' <br />Core: 4 7/8" bit, 3" core to 1467' <br />Bottom Hole 4 3/4° PCD to 1510' <br />Footage Plugged: 1490' Cored: 20' <br />Drilling Medium: Air: Foam !Water: Mud: Foam Injection: <br />Depths: 0-1200' 1200-1510' <br />Lost Circulation Depths: NA Regained ? (Y or N): <br />Water Invasion Depth or Intervals: NA Estimated Inflow Rates: <br />Gas Invasion Depth or Interval: NA <br />Geophysical Logging Contractor: Jet West Geophysical, LLC <br />Logs Run: Gamma: X Neutron: _ <br />Temperature: Density: _X <br />Resistivity: X Caliper: X <br />Other (SP, Foc. Elec., Drift, Dep., Sonic): <br />Hole Cemented (Y or N ), Type: <br />Coal Core Sent To: NA <br />Y <br />No. of Bags: 30 plug gel, 3 cement <br />Interval: to surface <br />Rock Sent To: NA <br />Comments: D2 Seam not sampled- unminable at < 5.0'. <br />Himes Drilling Colorado water well license #1285