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Oxbow Mining LLC <br />Elk Creek Mine <br />Hole Number: ECM 05-43 Project ID.: Elk Creek Mine Exploration <br />Lease Number: COC-61357 (State or Federal) Surface Owner: BLM <br />Date Commenced: 15-May-06 Date Completed: 16-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. 7730.490 E. 31720.010 <br />Location: Township, Range & Section: NE1/4 Sec. 12, T.13 S., R. 9W. <br />Ground Elevation: 6872' Collar Elevation: <br />Geophysical Log M easured From: Ground Elevation <br />Total Depth: 482' Probe Depth: 472' Fluid Level: NA <br />Casing Type: steel, T&C Size: 6 5/8" <br />Casing Type: Size: <br />Depth: 40' Recovered (Y or N): Y <br />Depth: Recovered (Y or N): <br />Bit Information <br />Surface Casing 8 3/4" Tricone to 39' <br />Main Hole 5 7/8" PCD (polycrystalline diamond) to 410' <br />Core: 5" bit, 3" core to 462' <br />Bottom Hole 4 3/4" PCD (Dolvcrystalline diamond) to 482' <br />Footage Plugged: 431' Cored: 51' <br />Drilling Medium: Air: Sta-Foam 202/ Water: Mud: Foam Injection: <br />Depths: 0-39' 39-482' <br />Lost Circulation Depths: 62-160' Regained ? (Y or N): Y <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 <br />Temperature: <br />Resistivity: X <br />Other (SP, Foc. Elec., Drift, Dep., Sonic): <br />Hole Cemented (Y or N ), Type: <br />Coal Core Sent To: CTE <br />Y <br />Neutron: <br />Density: X <br />Caliper: X <br />No. of Bags: 1.5 yds. portland, 5 yds. grout <br />Interval: 482'-surface <br />Rock Sent To: ACZ Labs <br />Comments: Coal zone cemented with portland slurry, upper hole with sanded grout mix. <br />Himes Drilling Colorado water well license #1285