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<br />- III IIIIIIIIIIIIIIII <br /> 999 <br />HULTIN & SPAANSTRA <br />ATTORNEYS AT LAW <br />THE FLOWER/VAILE HOUSE TELEPHONE: 303032-2372 <br />I61 O EMERSON STREET TELECOPIER~ 303 061-1020 <br />Februar 19 1986 r-„nr.~J .,~'.:". <br />DENVER. COLORADO 00210 Y / , ~~Ir~ ~ 1' 1 <br />...t <br />Mr. David Shelton FEB 2,1i9S6 <br />Colorado Mined Land Reclamation <br />1313 Sherman Street ~~ ~~•- ~,' r: -.~ ..,~ , ,t , <br />423 Centennial Building ~ ~. ; ~"'~~'.%~~ <br />Denver, Colorado 80203 ~" Oct'-'.:"-'„';ICSa~(G~s <br />RE: Request for Transfer of Permit and Succession of Operator <br />Permit No. 79-60 ugc <br />Dear tdr. Shelton: <br />This office represents Arabian Shield Development Company <br />and its subsidiary, American Shield Coal Company. On February <br />7, 1986, the Arabian Shield Development Company acquired all of <br />the outstanding shares of Dorchester Coal Company from the <br />Dorchester Master Limited Partnership of which Damson Oil <br />Corporation is a general partner. Subsequent to that <br />transaction, the name of Dorchester Coal Company has been <br />changed to the American Shield Coal Company ("American Shield") <br />which is a wholly-owned subsidiary of Arabian Shield Development <br />Company. As you know, Dorchester Coal Company has previously <br />sold all of its interest in the Dorchester No. 1 Mine leaving <br />the Fruita Project as its only coal property at this time. This <br />letter is written to inform you of the transaction and to <br />request that your agency take the necessary actions to ensure <br />that the existing CMLR liabilities and pending permit <br />applications associated with the Fruita properties are properly <br />listed in the name of American Shield. <br />The existing permit for the property, Permit No. 79-60, is <br />supported by surety in the form of a Letter of Credit in the <br />amount of $141,000. The terms of the transaction required <br />American Shield to replace the existing Letter of Credit with an <br />appropriate form of surety no later than February 26, 1986. All <br />of the other bonds in your files pertaining to exploration <br />programs conducted by Dorchester are assets of Dorchester Coal <br />and will remain in effect. American Shield will take the <br />necessary steps to ensure that the corporate name change is <br />properly recorded with the bond carriers and endorsed on the <br />bonds accordingly. <br />The transaction is a sale of stock and the Docchester Coal <br />corporate entity will remain intact. Ordinarily, one would <br />