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z) <br />0 Shell Exploration & Production' <br />UPS Tracking Number 11ZZ 6Y5 826 03 9424 1450 <br />September 8, 2009 ? <br />? ??V?I Frontier Oil & Gas Inc. <br />SE ?110 P. O. Box 478 <br />',6.m* ?)'6Meeker, Colorado 81641 <br />9 ana gate! <br />Mr. Travis Marshall <br />Environmental Protection Specialist <br />Grand Junction Field Office <br />Colorado Division of Mining, Reclamation and Safety <br />101 South 3rd, Suite 301 <br />Grand Junction, CO 81501 <br />RECEIVED <br />SEP 0 9 2009 <br />GRAND JUNCTION FIELD OFFICE <br />DIVISION OF <br />RECLAMATION MINING & SAFETY <br />Dear Mr. Marshall: <br />Subject: Approval of Notice of Intent No. P-2009-024 <br />2009-10 RD&D East Lease Appraisal Program <br />Correction to Financial Warranty Submittal Information <br />This letter is in response to your September 1, 2009 approval letter for NOI No. P-2009-024, <br />2009-10 RD&D East Lease Appraisal Program, wherein you indicated that Shell Frontier Oil & <br />Gas Inc. (SFOGI) must submit and have accepted the $612,434.00 required Financial Warranty <br />before the NOI can become active. In SFOGI's cover letter to the original NOI application <br />package, SFOGI indicated that bond coverage for this new NOI would be provided by existing <br />Safeco Insurance Company of America Statewide Prospecting Bond No. 5862516 which is <br />intended to cover SFOGI NOls on private land. However, since all disturbances associated with <br />P-2009-024 will be situated on public (BLM) land, SFOGI hereby requests that CDRMS instead <br />utilize existing Travelers Casualty and Surety Company of America Statewide Prospecting <br />Bond No. 104806644. This Statewide Prospecting Bond was established to cover SFOGI NOls <br />on public land, and was previously accepted by the Division. <br />Bond No. 104806644 is presently posted in the amount of $28,000,000.00. Therefore there are <br />ample funds remaining in this Bond to cover the increase in bond coverage resulting from <br />approval of NOI No. P-2009-024. Since adequate funds are already in place to cover the <br />amount of financial warranty needed for NOI No. P-2009-024, submittal of a new financial <br />warranty is not required. <br />If you have any questions or require additional information on this matter, please contact me at <br />(970) 675-6303, or Shelly Kuck at (970) 675-6323. <br />Sincerely, <br />R. S. Myda <br />Colorado Operations Manager <br />Unconventional Oil <br /> <br />i <br />DRMS P-2009-024 Bond Correction.doc