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Oxbow Mining LLC <br />Elk Creek Mine <br />Hole Number: ECM 05-39 Project ID.: Elk Creek Mine Exploration <br />Lease Number: COC-61357 (State or Federal) Surface Owner: BLM <br />Date Commenced: 21-May-06 Date Completed: 21-May-06 <br />Contractor: Himes Drilling Rig Type: Schramm T-300, R-9 <br />Geologist: Doug Allen Date : 15-Oct-06 Toolpusher: Kevin Himes <br />Driller: Tim Himes Truck Driver: Helper: Jason Grundy <br />Coordinates: N. 6078.33 E. 28281.70 <br />Location: Township, Range & Section: SW 1/4 Sec. 12, T. 13 S., R. 91 W. <br />Ground Elevation: 6986' Collar Elevation: <br />Geophysical Log Measured From: Ground Elevation <br />Total Depth: 440' Probe Depth: 222' Fluid Level: NA <br />Casing Type: steel, T&C Size: 6 5/8" <br />Casing Type: Size: <br />Depth: 0-19' Recovered (Y or N): Y <br />Depth: Recovered (Y or N): <br />Bit Information <br />Surface Casing 8 3" Tricone to 19' <br />Main Hole 5 7/8" PCD (polycr ystalline diamond) to 440' <br />Core: <br />Bottom Hole <br />Footage Plugged: 440' Cored: 0 <br />Drilling Medium: Air: Sta-Foam 202/Water: Mud: Foam Injection: <br />Depths: 0-19' 19-440' <br />Lost Circulation Depths: 110-440' Regained ? (Y or N): N <br />Water Invasion Depth or Intervals: NA Estimated Inflow Rates: <br />Gas Invasion Depth or Interval: NA <br />Geophysical Logging Contractor: Jetwest Geophysical, LLC <br />Logs Run: Gamma: <br />Temperature: X-115 deg.F @ 222' <br />Resistivity: <br />Other (SP, Foc. Elec., Drift, Dep., Sonic): <br />Hole Cemented( Y or N ),Type: <br />Coal Core Sent To: NA <br />Y <br />Neutron: <br />Density: <br />Caliper: <br />No. of Bags: 2 yds. grout <br />Interval: 222'- surface <br />Rock Sent To: NA <br />Comments: D2 coal zone burned, hole caved @ 22.2_'. Upper hole cemented with 2 yds. <br />sanded grout. <br />Himes Drilling Colorado water well license #1285