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RECEIVED <br /> JUL 311995 <br /> Loins M _ .LaGigrZ i a <br /> Trustee for Oivisiori of Minerals&Geology <br /> Mid-Continent Resources, Inc. <br /> P. 0. Box 500 <br /> Carbondale, CO 81623 <br /> Phone (970)963-2581 Fax (970)963-2816 <br /> July 25, 1995 <br /> Mr. Michael B. Long <br /> Division Manager <br /> Division of Minerals & Geology 1 <br /> 1313 Sherman Street, Suite 215 <br /> Denver, CO 80203 <br /> Mr. Jeff Tetrick <br /> Chief Financial Officer <br /> State Compensation Insurance Authority <br /> P. O. Box 241303 <br /> Denver, CO 80224 <br /> Mr. Andrew J. Heinz <br /> Senior Credit Administrator <br /> Sanwa Business Credit Corporation <br /> One South Wacker Drive <br /> Chicago, IL 60606 <br /> Re: Mid-Continent Resources Property Taxes <br /> Gentlemen: <br /> On July 24, 1995 closing occurred on the Wildcat exchange <br /> transaction whereby Mid-Continent Resources' Coal Basin land <br /> extending from Placita northwesterly was closed. Copy of Closing <br /> Statement is attached from which you will note that the Trustee <br /> received $366, 925. 50 for disbursement according to the provisions <br /> of the Second Amended Bankruptcy Liquidation Plan. <br /> Enclosed is a Notice from the Garfield County Treasurer <br /> that application has been made for issuance of a Treasurer' s Tax <br /> Deed on the Unit Train Loadout property east of Carbondale in <br /> Garfield County. According to the Notice, a Treasurer' s Deed will <br /> be issued on the 17th day of October, 1995 unless redeemed. <br /> This property was recently appraised for $945, 200. <br /> The cost of redemption during the month of July, 1995 is <br /> $220, 678. 99 . <br />