2007-12-17_REVISION - C1996083 (2)

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Bowie Resources, LLC Credit for GVB-6F Reclamation Worksheet Exploration Holes 12/14/2007 Hole Variables Number of Holes to be Sealed 1 Holes Miles of Road to be Reclaimed 0.10 Miles Rotary Hole Diameter 8.000 Inches Rotary Footage 1,712 Feet Cubic Foot of Hole per Sack of Cement 1 CF Sealing Materials -Variables Cement per Sack $ 8.25 Benton' per 3 cu.ft. Sack $ 6.00 Plugs $ 145.24 Hole Markers $ 3.56 Sealing Materials -Volumes Cement in Sacks 598 Each Bentonte in Sacks Each Plugs 1 Each Hole Markers 1 Each Rig Expense Rig Time to Pull Casing 2 Rig Time to Seal Hole 6 Hours Rig Time per hour Cost $ 152.20 Total Cost, Sealing Rig Cost $ 1,218 Water Cost Hours per Hole 8 Hours Cost per Hour for Water Truck and Driver $ 56.40 Total Water Cost $ 451.20 Sealing Materials - Expense Cement in Sacks $ 4,930.22 Bentonite in Sacks $ - Plugs $ 145.24 Hole Markers $ 3.56 Total Cost Sealing Materials $ 5,079.02 Total Sealing Expense $ 6.748 SubtotalTotal Reclamation Cost $ 9,324 Burden 25% 2331 Total Reclamation Cost $ 11,655 Drill Pad Reclamation Pad Variables Length Width Acres/Pad Total Acres Regrading Equipment Hours per Pad Equipment Cost per Hour Equipment Cost per Pad Total Regrading Cost $ 360.00 Reseeding Seeding & Mulching Cost Per Acre $ 1,500.00 Acres to Reseed 1.05 Total Reseeding Cost $ 1,570.25 Total Drill Pad Reclamation $ 1,930.25 Road Reclamation Road Variables Length of Road to be Narrowed or Reclaimed 528 Feet Average Width of Road 24 Feet Total Area to be Reclaimed 0.29091 Acres Acres/Mile 2.91 Acres Regrading Equipment Work as Hours per Acre 8.00 Equipment Cost per Hour $ 90.00 Equipment Cost per Acre $ 720.00 Total Equipment Cost $ 209.45 Reseeding Seeding & Mulching Cost Per Acre $ 1,500.00 Acres to Reseed 0.29 Total Reseeding Cost $ 436.36 Total Road Reclamation Cost $ 645.82 4 Hours $ 90.00 $ 360.00 190 Feet 240 Feet 1.05 Acres 1.05 Acres Page 1