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k <br />Oxbow Mining LLC <br />Elk Creek Mine <br />Hole Number: ECM 05-23 Project ID.: Elk Creek Mine Exploration <br />Lease Number: COC-61357 (State or Federal) Surface Owner: Hotchkiss <br />Date Commenced: 23-Jun-09 Date Completed: 13-Jul-09 <br />Contractor: Himes Drilling Rig Type: Atlas Copco RD20/ CR-7 <br />Geologist: Doug Allen Date : 13-Nov-09 Toolpusher: Matt Himes <br />Driller: Matt Himes Truck Driver: Shaun L. Helper: Dave T. <br />Sam Homedew Tommy Dennis Will Juusola <br />Coordinates: N. 17159.04 E. 36527.33 <br />Location: Township, Range & Section: SE 1/4 Sec. 31, T.12 S., R. 90 W. <br />Ground Elevation: 8108' Collar Elevation: <br />Geophysical Log Measured From: ground Elevation <br />Total Depth: 2528.5' Probe Depth: 2508' Fluid Level: NA <br />Casing Type: steel Size: 7" <br />Casing Type: steel T&C Size: 41/2" <br />Depth: 0-118' Recovered (Y or N): N <br />Depth: 0-2200' Recovered (Y or N): N <br />Bit Information <br />Surface Casing 8 3/4" Tricone to 118' <br />Main Hole 61/4" Tricone from 118-2200' <br />Core: 3.937" from 2200-2528.5' <br />Bottom Hole <br />Footage Plugged: 0-2200' Cored: 2200-2528.5' <br />Drilling Medium: Air: Foam (Water: Mud: Foam Injection: <br />Depths: 0-1175' 1175-2200' <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: Jetwest Geophysical <br />Logs Run: Gamma: Y <br />Temperature: <br />Resistivity: Y <br />Other (SP, Foc. Elec., Drift, Dep., Sonic): <br />Hole Cemented (Y or N ), Type: <br />Y <br />No. of Bags: 750 gallons plug gel <br />Interval: cement 0-10' <br />Rock Sent To: Agapito <br />Coal Core Sent To: SGS <br />Comments: Pad constructed in 2006, but not drilled due to <br />weather. <br />Himes Drilling Colorado water well license #1285 <br />Neutron: <br />Density: Y <br />Caliper: Y