_GENERAL DOCUMENTS - C1981017 (285)

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i -FROM Panasonic TAD/FAX PHONE NO. : 9454958 Feb. 15 1994 03:47PM P02 c c OPB[CB OF GBNBRAL COUNSEL ~ Mil),CONTINENT RESOURCES, INC. P.0.DRAWIR 790 S1S COLORADO AVENUE TELEPHONE OLENWOOD SPRINGS,COLORADO 91602 PAX AREA OOPS X) AREA CODE)0) NS-143 945.6546 February 2, 1994 Mr. Kevin Riordan District Ranger U. S. Forest Service 620 Main Street Carbondale, CO 81623 Re: Coal Basin Land Planning Dear Kevin: We have been giving a good deal of thought to developing a plan for disposition and future use of the approximate 6,000 acres of land located in Coal Basin, and above the escarpment surrounding Coal Basin. We would like to arrange a meeting with you, Mr. LaSalle and Mr. Spencer to discuss in conceptual terms the following plan_ I am hopeful this will meet some of the concerns that you expressed the last time this matter was discussed. The Plan would be as follows: 1. Land Exchange. The approximate 6,000 acres of fee land without surface disturbance extending from Placita around the rim of Coal Basin to Porcupine Creek and Dexter Park would be proposed for exchange to the U. S. Forest Service in return for Forest Service lands under consideration for disposition. (We have been discussing this with Mr. Tom Glass and Mr. Adam Poe of Western Land Group, Inc. and anticipate that they would be the active proponents of the exchange. ) The proceeds, as part of the Bankruptcy Plan in the United States Bankruptcy Court at Denver would be allocated, to the extent needed, to provide funds for reclamation of disturbed areas in accordance with the approved Plan on file with the Division of Minerals and Geology, State of Colorado and the Office of Surface Mining, as well as the Forest Service. The other fee lands, primarily those below the escarpment, and requiring reclamation would be excluded from the exchange.