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04/30/2001 08:38 FA,I' III IIIIIIIII IIII III 0002 <br />999 <br />Snell ~ Wilmer <br />L.L.P. <br />lAW OFFICE! <br />1200 Scventanth $Ulet, $Olte t9$0 <br />Tabor Center <br />Denver, Cobndo 80202 <br />(303)634-2000 <br />Fax: (303) 634-2020 <br />www.swlaw.com <br />Robert D. Comer <br />303.634-2015 <br />rcomer@awlaw.tom <br />Apri127,2001 <br />VIA HAND DELIVERY AND FACSIMILE TRANSMISSION <br />Cheryl A. Linden, Esq. <br />Robert D. Clark, Esq. <br />Office of the Attorney General <br />1525 Sherman Street, 5th Floor <br />Denver, CO 80203 <br />Re: Seventh Fortnightly Report, NOV # CV-2000-010 <br />S&W File No. 38283.0001 <br />Dear Cheryl and Bob: <br />sN0lMlk, AIIZOMA <br />TUC[On, Al1kOMA <br />IIVIMe. cALpOlM1A <br />DlMVlI. cOLOlADO <br />sALr LAke arr. urAx <br />Fax: 303-866-3558 <br />Fax: 303-866-5671 <br />This letter constitutes Powderhom's Seventh Fortnightly Report pursuant to the Modified <br />NOV. Powderhom appreciates the willingness exhibited by the Colorado Division of Minerals <br />and Geology (DMG) and the Colorado Attorney General to work with Powderhom in seeking to <br />resolve the financial assluance issue created by the federal and state actions against Frontier <br />Insurance Company ("Frontier"). <br />The report contains three parts. Part I identifies the efforts taken by Powderhom during <br />the period between April 13 through April 27, 2001, to obtain a replacement bond. Part II <br />identifies the steps taken by Powderhorn during this period to have Frontier obtain or provide an <br />alternative form of financial assurance. Part III identifies other activities undertaken by <br />Powderhorn during this period to resolve this matter. <br />Part I. Efforts To Obtain A New Bond <br />Powderhom has not initiated any new efforts during the intervening period to obtain a <br />replacement bond. Powderhom had been awaiting the outcome of negotiations between Frontier <br />and the State of Colorado, but has teamed that these efforts have been concluded. <br />Mlvarer. LE% MUHOI. • alaMl suanillion of iMependem 6r Dmu sriW leelnbws in <br />IFe Uniled Suw !nd 60 oountrin IhnghaW Ule ra1W. <br />