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DERBENSKI

07/22/07 4:00 PM

#19426 RE: Freedom12 #19425

Freedom12

Surety type is listed as LC or "letter of credit". In this case it is most likely cash in the bank held in a separate account with a letter of credit agreement.

If there is no evergreen clause for the automatic renewal then Well Renewal would have to advise the bank to renew the LC.

Regardless of whether or not they have renewed the letter, It still can incur delays from the time of the request to the time of filing with the state agency, note the delay from the effective date to the file date.

So it is a little early to tell the status just yet.

Derb

humboldt111502

07/22/07 7:14 PM

#19427 RE: Freedom12 #19425

New 25k CD Surety Bond filed 7/11/2007 for Well Renewal Inc., Operator #22169...

yes the old bond expired, but a new one was filed a day before the old one expired. in my previous post, the pic showed the WRNW info from operator # 21782. Below is the updated information....

Well Renewal Inc.'s new Operator #22169 Info