<SEC-DOCUMENT>0000788965-14-000003.txt : 20140206
<SEC-HEADER>0000788965-14-000003.hdr.sgml : 20140206
<ACCEPTANCE-DATETIME>20140205181403
ACCESSION NUMBER:		0000788965-14-000003
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20140201
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140206
DATE AS OF CHANGE:		20140205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HALLADOR ENERGY CO
		CENTRAL INDEX KEY:			0000788965
		STANDARD INDUSTRIAL CLASSIFICATION:	BITUMINOUS COAL & LIGNITE MINING [1220]
		IRS NUMBER:				841014610
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34743
		FILM NUMBER:		14577385

	BUSINESS ADDRESS:	
		STREET 1:		1660 LINCOLN ST STE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264
		BUSINESS PHONE:		3038395505

	MAIL ADDRESS:	
		STREET 1:		1660 LINCOLN STREET
		STREET 2:		SUITE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HALLADOR PETROLEUM CO
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK OIL & GAS CO /CO/
		DATE OF NAME CHANGE:	19900102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK INC
		DATE OF NAME CHANGE:	19860624
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>savoy8k.htm
<DESCRIPTION>SAVOY MARKET TRENTON BLACK
<TEXT>
<html>
<head>
    <title>savoy8k.htm</title>
    <!--Licensed to: Hallador Petroleum Company-->
    <!--Document Created using EDGARizer 2020 5.4.1.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">UNITED STATES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE COMMISSION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Washington, D.C. 20549</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">________________</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">FORM 8-K</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">CURRENT REPORT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Pursuant to Section 13 or 15(d) of the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Securities Exchange Act of 1934</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Date of report (Date of earliest event reported):&#160;&#160;February 5, 2014 (February 1, 2014)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="3">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><img src="logo-sunrise.jpg" alt=""></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt"><img src="hnrg.jpg" alt=""></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">HALLADOR ENERGY COMPANY</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">(Exact name of registrant as specified in its charter)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Colorado</font></font></div>
</td>
<td valign="top" width="21%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt; TEXT-DECORATION: underline"><font style="DISPLAY: inline">0-14731 </font></font></div>
</td>
<td valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt; TEXT-DECORATION: underline"><font style="DISPLAY: inline">84-1014610</font></font></div>
</td>
</tr><tr>
<td valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">(State or Other Jurisdiction&#160;of Incorporation)</font></div>
</td>
<td valign="top" width="21%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">(Commission File Number)</font></div>
</td>
<td valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">(IRS Employer Identification No.)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="58%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt; TEXT-DECORATION: underline"><font style="DISPLAY: inline">1660 Lincoln Street, Suite 2700, Denver Colorado</font></font></div>
</td>
<td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="21%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <font style="DISPLAY: inline; TEXT-DECORATION: underline">80264-2701</font></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="58%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (Address of principal executive&#160;&#160;offices)</font></div>
</td>
<td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="21%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (Zip Code)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="middle" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">Registrant's telephone number, including area&#160;&#160;code:&#160;&#160;303-839-5504</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">&#160;&#160;<font style="DISPLAY: inline; FONT-FAMILY: wingdings">r</font></font></div>
</td>
<td align="left" valign="top" width="79%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">&#160; <font style="DISPLAY: inline; FONT-FAMILY: wingdings">r</font></font></div>
</td>
<td align="left" valign="top" width="79%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">&#160; <font style="DISPLAY: inline; FONT-FAMILY: wingdings">r</font></font></div>
</td>
<td align="left" valign="top" width="79%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">&#160;&#160;<font style="DISPLAY: inline; FONT-FAMILY: wingdings">r</font></font></div>
</td>
<td align="left" valign="top" width="79%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="79%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt"><a name="Check1"><!--EFPlaceholder--></a>&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">&#160;</font></div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">1</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">ITEM 5.02&#160;DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Changes in Officer Positions</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">On January 24, 2014, David Hardie, stepped down as Chairman, but will remain on the Board. The Board appointed Victor Stabio as Chairman and promoted Brent Bilsland to CEO. Mr. Bilsland will hold both the President and CEO positions.&#160;&#160;Mr. Stabio was CEO; he remains an employee of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Granting of Restricted Stock Units (RSUs)</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Effective February 1, 2014 our Compensation Committee granted 320,000 RSUs to Victor Stabio, our Chairman; 400,000 RSUs to Brent Bilsland our CEO and President; and 120,000 RSUs to W. A. Bishop, our CFO.&#160;&#160;Beginning December 16, 2013, Mr. Stabio's and Mr. Bilsland's RSUs will lapse equally over four years on an annual basis and Mr. Bishop's will lapse equally over two years on an annual basis.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">On February 5, 2014 we had 1.1 million RSUs outstanding and 1.4 million available for future issuance.&#160;&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">A form of our RSU Agreement was previously filed in our Form 8-K dated September 18, 2009.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Executive Salary Increases</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Annual salaries were approved by the Compensation Committee.&#160;&#160;&#160;Effective February 1, 2014 the new annual salaries are: Mr. Stabio - $325,000; Mr. Bilsland - $350,000; and Mr. Bishop - $210,000.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Our Compensation Committee consists of Messrs. David Hardie, Steven Hardie, Bryan Lawrence, Sheldon Lubar and John Van Heuvelen. &#160;These five gentlemen control about 58% of our common stock.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Director Compensation</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">The Board of Directors approved to pay Mr. John Van Heuvelen, our Audit Committee Chairman, $100,000 annually on his anniversary through September 17, 2016.&#160;&#160;He has the option to be paid in cash or our stock. For the past five years, he has elected to be paid solely with stock.&#160;&#160;Mr. Van Heuvelen is our only paid director.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">ITEM 8.01 OTHER EVENTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Savoy Energy L.P. Retains Energy Spectrum Advisors To Market Its Trenton Black River Oil Properties</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">See attached Press Release dated February 5, 2014.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">(d) Exhibit&#160;&#160;- 99&#160; - &#160;Press Release dated February 5, 2014</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">2</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">SIGNATURE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">&#160;</font></div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">Date:&#160;&#160;February 5, 2014</font></div>
</td>
<td align="left" valign="top" width="45%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">HALLADOR ENERGY COMPANY</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">By<font style="DISPLAY: inline">:/<font style="TEXT-DECORATION: underline">s/W. Anderson Bishop</font></font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 12pt">&#160;&#160;&#160;&#160;&#160;&#160;W. Anderson Bishop, CFO</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">3</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>hnrg.jpg
<TEXT>
begin 644 hnrg.jpg
M_]C_X``02D9)1@`!`0$`R`#(``#_X0!F17AI9@``24DJ``@````$`!H!!0`!
M````/@```!L!!0`!````1@```"@!`P`!`````@```#$!`@`0````3@``````
M``#(`````0```,@````!````4&%I;G0N3D54('8U+C`P`/_B`A!)0T-?4%)/
M1DE,10`!`0```@!A<'!L`@```&UN=')21T(@6%E:(`?6``$`"0`/`"$`)6%C
M<W!-4T94`````$Y/3D4```````````````````````#VU0`!`````-,L````
M````````````````````````````````````````````````````````````
M````"F1E<V,```#\````,')865H```$L````%&=865H```%`````%&)865H`
M``%4````%')44D,```%H````#F=44D,```%X````#F)44D,```&(````#G=T
M<'0```&8````%&-P<G0```&L````0&-A;'0```'L````%&1E<V,`````````
M$%9!.3`S(%-%4DE%4P```````````````````````````````%A96B``````
M``!QNP``-S,```.\6%E:(````````&**``"QBP``%DM865H@````````(I``
M`!=```"Y)&-U<G8``````````0(S``!C=7)V``````````$",P``8W5R=@``
M```````!`C,``%A96B````````#I:0`!`````0>'=&5X=`````!#;W!Y<FEG
M:'0@J2`R,#`V(%9I97=3;VYI8R!#;W)P;W)A=&EO;@``````````````````
M`````&1T:6T`````!]8``0`)``\`(0`E_]L`0P`"`0$!`0$"`0$!`@("`@($
M`P("`@(%!`0#!`8%!@8&!08&!@<)"`8'"0<&!@@+"`D*"@H*"@8("PP+"@P)
M"@H*_]L`0P$"`@("`@(%`P,%"@<&!PH*"@H*"@H*"@H*"@H*"@H*"@H*"@H*
M"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*_\``$0@`5`!6`P$B``(1`0,1
M`?_$`!\```$%`0$!`0$!```````````!`@,$!08'"`D*"__$`+40``(!`P,"
M!`,%!00$```!?0$"`P`$$042(3%!!A-180<B<10R@9&A""-"L<$54M'P)#-B
M<H()"A87&!D:)28G*"DJ-#4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI
M:G-T=79W>'EZ@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"
MP\3%QL?(R<K2T]35UM?8V=KAXN/DY>;GZ.GJ\?+S]/7V]_CY^O_$`!\!``,!
M`0$!`0$!`0$````````!`@,$!08'"`D*"__$`+41``(!`@0$`P0'!00$``$"
M=P`!`@,1!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7
M&!D:)B<H*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY
M>H*#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)
MRM+3U-76U]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_:``P#`0`"$0,1`#\`^"Z*
M**_J@_-S3\):!_PDFM1Z<SE8P"\I!P=H[#WR0*_?K_@DA_P3-^$?[./P9\._
M&GQ3X9LK_P`=:_IT.HQW<\2RKI$,R!XXH,Y"OM*[Y1\Q)(!V@5^"WPM_Y&*7
M_KS;_P!"6OZGO@7K][XN^"_A/Q9J<427.I^&;"ZN%@4A`\ENCD*"2<9)QDD^
M]?AOB#C<5B.(/JTY?NX1BU'IS2O=^;TLK['[=E%*.3^&.'Q.$7+4Q5:K&I/[
M3A34.6FGNH-R;DEN[7OH==7A'_!3C_E'C\:/^R<:M_Z3/7NXZ<UX1_P4X_Y1
MY?&C_LG&K?\`I,]?)X'_`'VE_BC^:/E*_P#`EZ,_F&HHHK^GC\\-OP)X5_X2
MK61;2`F*/!D4$`ODX"Y/3)[U_1=_P3=_X)M?"3]BGX6Z7>2>&K"]\>WEFDVN
M:]+;J\EK(Z#?:VSD9CA7)4D',A&YB?E"_@K^Q',R_'WPQ!M&&\5Z4V<<C%T@
MK^I$=.*_`^.L;B\3Q)5H5)>Y24>5=-8W;]7??HC]SHPHY/X=9=]3]V>,=:5:
M2^*7)/DC"^_)&U^79RU:T5D4;5`]!12T5\F?*'\A]%%%?U0?FYTGPM_Y&*7_
M`*\V_P#0EKU[2_\`@I'^U1H&GPZ+HW[2OQ-M;2TA6&VMK;Q[?)'$B#:JJJS`
M*````.`!7D/PM_Y&*7_KS;_T):YR7_6,?]HU^<XGAW*\_P"*\4L9%ODA2M:3
M6_/?9KL?N^$XTSOA#PMRO^S^3]Y6Q/-STX5/A]C:W.G;=[;_`"/HC_AYW^UU
M_P!'1_%/_P`.'?\`_P`?JCXH_P""B7[2GC;P]>^$?&?[0/Q%U?2M1MGM]0TW
M4_&]Y/;W4+C#1R1O*5="."K`@UX)4MG9W%_<+:6D322.<(B]375/P]X5IQ<Y
M1DDM;\\EMYWT/&I>,O'=>K&G3C1E*3226&HMMO1)6ANWT.QCM?`'C<-;:?";
M&ZP=@V;"3CT'RL*Y+5M+NM&OY-/O%`>,]5/!'8CVJ];>%?%UE=17<&CW"O'(
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M%((&**\,_.3^1"BBBOZH/S<Z3X6_\C%+_P!>;?\`H2USDG^L;_>-='\+?^1B
ME_Z\V_\`0EKG)/\`6-_O&OELN_Y*S'?]>Z/_`+D/TS/?^36Y-_U_Q?\`[@$H
MHHKZD_-%>^@4445'[KR-?]H\_P`1T4TT#^9!,\;?WD;!_,5W'PC^,OC+P)XQ
MT[7-)\27EGJ%E=I/IFK6LQ2XM)U8%'5QR,''/OZ<5PN`.@IT.\RJ(R0VX%=O
M7(/%>-GF2Y9G6`G1KP3T=I:7B[:-/=6_X<^JX2XNS[A/.*5?"59*/,E*#;<)
MQ;2<91>C4EIJO0_IO_X)O_M;G]LK]F/2_BAJML(=<LIFTKQ*BJ%0WT2(S.@!
MX5TDCD`XQOQCC)*^4/\`@W&_M_\`X0+XH_:1%_9?]K:9]EQCS/M/E3^;N[[=
MGDX_X%17\V4*CE1BWN?H_'^4X3).,,9@\*K4XRO%=E)*7+_V[S6^1^'M%%%?
MU>?A!TGPM_Y&*7_KS;_T):YV0,\S!5))8@`5T7PM_P"1BE_Z\V_]"6O</^">
MW["7Q`_;)^-%AX'\-6<L%N9/M&K:O)"7@TFS&<SR`8R[8VQID%F(Y`RR_G6/
MS["</Y]CL16U;A148K>3_>:+]7T1^Z8#A;%\5>'V3T835.E3JXN=6I*_+3@O
M87D^[Z1BM9-I(\]_9_\`V2_B]^T3XRM?`WPY\%ZCJ^J7?,.FV$(WA?[\CL0L
M*#NSD`=R*^[O$?\`P0;U;X!_LC>.?VC/C1X\L+76O"W@^]U2S\,:19"Y'FPP
M,Z+-=R$`\C#+&A'I)WK]7?V5OV0O@G^QW\/E^'_P=\."W20A]0U*ZP]Y?R]Y
M)I,`M[*,*HX4`5S?_!3C_E'E\:/^R<:M_P"DSU^=8C/,VSW,(/%57R.27)%M
M02;6FFLO5W'4S_*>',/+#\-8:--16M>I&,Z\W;>\DXTT^D8)6ZR9_-,/B7XG
M`VH]NJCHJ0\`>G)Z4?\`"S/%7_/Q%_WZ%<_17[3_`*I\-_\`0+#_`,!1\+_Q
M$_Q!_P"AG6_\#9V%GXFU3Q)X0UDZI(A\F--FQ`.I/^%9W@3PO<ZSJ<=]+"PM
M8&W.YX#,.BC\>O;&:U/@Y%!=W=WI=Q"KI,8<[AD?>(Z=^OZ5^^7[*/\`P14_
M94_9L\4VGQ%U6YU+QIK5FR2:<VOQQ"ULI%8,DL<$:@>8,#YG+`$94*:_,<YS
MJKP[BL=E&7TE#GDGS7LHQE3BM$NN_70_8:?]C9GD^1\5\38F=><(5(JERWE5
MG3K3:YZC=HP7-%/1MK;0T?\`@C/^R]X@_9K_`&1K:Z\<:/-8>(/&-\=:U"SN
M!MEMH714MXG7`*,(U#E#\RM*P.",`KZY0`*`!CCM17P4*<8045T/@,\SC%Y_
MG%?,<0_?JR<GV5]DO)*R7DC^1"BBBOZL/R(Z3X6_\C%+_P!>;?\`H2U_1O\`
M\$LOV6/"/[+_`.R9X>BTE8KC6O%>GV^L^(=22/#3331AUC!(!\N-6VJ#WW-P
M6(K^;OP1KL'A_74N[I?W4BF.5O[H)'/OR!7]&?\`P2H_;+^&_P"T[^S)X?\`
M#VCZU`GB?PGH=KIWB'2'=5D4Q1B-+E%_BBD"@AAT.5/(Y_!_$'"5:?$WMYQ]
MV<(J+Z-J]UZK1G[[E.95\5X/TL#A)W5+$3E7BMTI*/LI2_N-\ROMS66]CZFK
MPC_@IQ_RCQ^-'_9.-6_])GKW<=*\(_X*<?\`*/+XT?\`9.-6_P#29Z^9P/\`
MOM+_`!1_-'PM?^!/T9_,-1117]/'YX=K\$O^0_+]8O\`T.OZM[3_`(]8O^N:
M_P`J_DT^&OB.W\.Z^)+MU6.4*`[CY58'*Y]J_I>_8X_;=^$W[6?P`@^+V@:[
M9V=QI=@H\8:;-<!&T>X6/=+OW8_=?*S))]UD&<@A@/P'C?#5J/%-:I)>[44'
M%]':*B[>::V\T?ND9QQ_A?E<L.^;ZM.O&K;>#J34X<RW2DKV>S::W/<:*^7]
M-_X*^?L,SR//XB^)\WA_3O+5[?5]?TZ2W@E#LXB5A@R6TDJQR21Q7"1221QN
MZJ0CE2O`^H8__GU+[F?'>WH?S+[S0'_!(O\`X)KD?\F>^$?_``'E_P#BZ#_P
M2+_X)K\_\8>^$?\`P'E_^+HHJ_[3S+_G]/\`\"?^8OJ^'_D7W(!_P2+_`.":
MYX_X8]\(_P#@/+_\771?#'_@GY^QO\#?$UKXU^$'P%TCP[JEDQ^S7FER31L@
M.,CA\%3W4Y![BBBLJN+Q6(2C5J2DNS;?YG1AIRPCDZ#Y.9-/ETNGNG;=>1[<
M.E87Q%\#^$OB7X,U/X>>/=!@U31-9LI+/5--N@3'<P2#:\;`$<$$@T45SQ;B
M[K=&<DFK'AG_``Z*_P"":P'_`"9[X1_\!Y?3_?I3_P`$B?\`@FL!_P`F?>$?
M^_$O_P`71179_:>9?\_Y_P#@4O\`,S6'P]O@7W(0_P#!(K_@FM_T9[X1_P#`
M>7_XNM[PC_P3[_9`^%-O?I\*_@KI_AN34]*N=.NY]&GFB9[>:)XW0C>5888X
MW`X.",$`T45$\7BL0TJM24K/2[;M]YTT)2PT)JB^525G;2Z[.VZ\F?CQ^R9X
M0D_:[_:)^+'P<^*WBW6(M/@U"/4-5OM&NEMKO6;W3Y[BRM+BYDVD!D@NKA2L
A*Q1N9-S(S*I4HHK]&S.<Z6*Y8-I66VGE^1\?3U3]3__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>logo-sunrise.jpg
<TEXT>
begin 644 logo-sunrise.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``24DJ``@````$`!H!!0`!
M````/@```!L!!0`!````1@```"@!`P`!`````@```#$!`@`0````3@``````
M``!@`````0```&`````!````4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`0$!
M`@$!`0("`@("!`,"`@("!00$`P0&!08&!@4&!@8'"0@&!PD'!@8("P@)"@H*
M"@H&"`L,"PH,"0H*"O_;`$,!`@("`@("!0,#!0H'!@<*"@H*"@H*"@H*"@H*
M"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"O_``!$(`$0`
M9@,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/WTH^M%5;S4[+2[22_OKB.WMXH/,FEEE_=QQTG*,5=O0:3;LAT'
M,.1Y77@U\]_M$_\`!1'X-?!6YN/#FB7'_"1ZY$?+GL-*ES';2?\`323M7B?[
M0/[6GQ1_:K\>R?`#]D2QOGTR0>7>:I:-Y<E[$>LOF?\`+*V]_P#EK7H'[/O_
M``3$^&O@6TM]<^-,_P#PDVIY\S^SR/+L;;_ME_RU_P"VN:_.<;GN>9_B*F#R
M2G[G_/\`G\'_`&YW/L<)DV59/16)S>I_W#7Q_P#;_8\$\6?ML_MF?M!W$FF?
M#ZVO8+>0?\>'A#1Y99/^_G^LK#G_`&3OVY_B(OG:YX(\1W@D[:UKW_QV6OT5
M\0^+?@[^S_X9C/B+5=!\,V$0Q#'^ZMH_^V<=>->(?^"IW[,F@2/;Z'_;^MK_
M`,]+#33''^<WE5\UF/#.44_^1WF-1U/7_P!L]\]O!9[F,_\`D3Y?:GZ?KH?)
ML_\`P3__`&R=`']H67PSN0_KI^L6OF_^C:9;^*?V[/V>+@WTL_CS3H8NOV^&
M2YMO_(OFQ5]/Z?\`\%;O@5-<^3+\/_$]LG_/7R[9_P"4U>F?#G]N?]F'XJ2)
MI>F_$6VL;R5<0Z?JD/V>4?\`?W]W7G8+ACA*I6_X3\QJ4ZG^/_\`8/1Q.?\`
M$\*5LQP7M*?]?XCYQ^!__!6G7K2>+2_CYX1CO;?_`);:UH`V21?]=+;K7V3\
M,?BK\//B[X8C\4_#GQ1:ZEI\H`,EJ?\`5?\`3.2/_EG7`?&G]BO]GOX\Q27^
MH^$;>SOY!^ZU711]GE_3]W+^-?'GQ!^!/[2W[`GC9/B1\._$4M[HGF^6=5M(
M<1RQ?\\KVV_J*^D6-XKX1M]?_P!HPW_/S[<#P:N#X=XC_P!S_P!GQ'_/O_EV
M?I<@7;A1Q0%!XV5XQ^RG^UWX2_:>\*B6R6/3M;M8?^)CI<DO^K_Z:1_\]8O>
MO8MQ&7N"<>E?HV`QV$S7"0KX>ISTYGP^-P>*R_%NAB*?[Q$]%%%>F<Y7'VB:
M#&,9&?QKXR_;'^+'CW]H'XJ0?L5_`F7S!)-_Q5VH1<QX_P">4G_3*/\`Y:_]
M^J][_:Y^-</[/WP0U?Q_`8CJ!A^QZ%#D?O+N3B/_`..?]LZXG]A#]G&?X._#
MT>/?&$8E\5^)S]MU&ZF_UD7FGS$B^O\`RTD]Z^+S[VV:8VGE.&?[O^)4_P`'
M\G_;Y])E7L<!A:F/KKRI_P"/_P"T.^_9Y_9V^'_[.?@A/!WA"'S7E'F:AJ$L
M.);Z7UD/_M.O(?V@?VXO%>I^-W^`G[(GAT^(_$W^KN]5BA\RVL?^N?\`\=_U
M5:_[8GQ<\?:[XKL/V3?@%<?\57XBB\W5]1@)SH]AC'FG_GG_`)_YZ5Z'^SC^
MS9\._P!F7P/'H'A"QBDNY8<ZMJTT/^D74N.Y_P#:=<]3VV*J?V7EG[C#T_XE
M3_VR'_R95/V6&I?VAF'[RK4_AT__`&^?Z(^??`G_``3'\2>/-6_X3;]J3XKZ
MEJVIW.))K#3Y_,D'_;S+_P"T\5[/HO\`P3Z_9,\-6HA@^#]O<2=Y=4FEN9/S
M\RL?XN_MH7UEXKG^#_[-W@"7QQXPB.R]^RG_`$'3/^NTM<7+^SK_`,%!?C/)
M_:GQ,_::L_"D4@_X\/#XE_=?]^O*/_D6N*G@\@P-7DPN#>(J?\_/C_\`)YGH
M2Q6=8JESU\9]7AVV_P#)(:GKU]^Q#^RGJ,'DW'P+T7_ME!Y=>7?$;_@E+\#O
M%4<D_@'5=6\-W&W,(\W[;;?]^Y?_`(Y63<_L"_M5Z'#]M\+_`+;VMRW9[7GV
MKROUEEIL'QI_;B_9.GV_'KP1:^./#$?^NUKP]_Q\VT7_`#U__>1?]M:QKTLK
MJ4_^%+*_9T_^?GN3_P#2/?"A5S95?]@S'VD_Y+__`">AY_9ZS^V/_P`$\;^.
MV\41'Q7X!\WRR(999+>(?],Y#^]M9/\`R%7V)\'OC'\+/VE?`!\2>%)(KW3[
MF+R-1T^[A_>VQ/\`RRECJ;X9_%'X6_M(>`_^$A\'7MMJVEWT1CFAEBYC_P"F
M<D?:OE3XN_"CQ5^P)\58_P!H+X,V]U<>!+^;R/%&B><1]EBS_P"B_P#GG)_R
MRK2G2J\/4O;PJ?6,&^_O^S_P?W#.I5I9Y5]A4I^SQB^7M/\`[<YW]IK]G?Q?
M^Q)\3[#]HC]GVX>/1/MA\ZT!\S[#+)_RZR?].LGZ&OL_X"_&7PK\>_AKI?Q%
M\+*!%?0_Z9:?\M+6YQ^]BD]*N6-WX*^//PJ2]*Q:CH/B/3N8Y!Q+%**^1_V:
M_P#A)?V*_P!KF_\`V;O$EX\OASQ81+H5U,?];+_RSE_]I2?A11H4^&,UIU</
M_N>(_P#*<_\`Y"9K4J+/LIJ4\1IC,/\`^5(?YP/NBBCKTHK]'6J/@SY?^..D
M/^TA^V-X1^#TR^?H'@_3CXBUN+_EG+=>;Y441_+_`-&5]`?$OQIHOPX\#:IX
M\UR799Z/ITMY.?01BO(OV-?"M[)?^.OC+KL.9_%7B^Z.FR^NGQ2D6W\Y*V?V
MLM'G\=Z)H'P4A8%/&/BJVM]2[?Z!;?Z5<_\`HK'_`&TKY/!1JT\OQ&/_`.7E
M?_\`8@?28QTJN*H81_PZ?_[<SG_V)/AGK=IH6J?M$_$2'/BOX@S?VA=B0\VM
MC_R[6OX"K_[2WC7Q=XT\3Z?^RS\']4^Q:OKT7VGQ'K\/)T'3/^>O_767'E15
M['YNG:!IX4^7;P6T7!_YYQUYA^S#X4FET?6/CAXEA_XFGCO4?[14S=8;#_56
M-M^$6/\`O[71_9TL-A*>`H?]Q)_^E_\`@1A]<]KBZF-J?]N?^V?^`&[\,/A9
M\+/V8_AM)HOAV&VTK1["'[1>7]Y-B27O)+<2'K7`W'[37Q:^)$TA_9J^`USK
M=AC]QXF\07G]G6-S[Q#_`%LL?X5N>*O#H^/OQ0G\+ZV99?!GA26+[98CF'6-
M3_UOE2_\]8K;]W^Z_P">LO\`TRKUNVL[:"-(;>'RTBK6&%J55[#"U/9TX?R&
M53$4Z7[RO^\J3/GZX^)W_!0+PW_IGB7X#^#]:M(Q^]M?#_B.2.Y_\BBNU^#/
M[1O@?XS/>>';G3[O1?$=@@_M;PSXAM?L][;#CG!_UD77$@X_.O4`&\GYS@@]
M17FGQO\`@79?%:PM_$/A_4(])\7:%FX\.>((H/WEM+_SREX_>Q28Q)'W_*I^
MI8_`/GA7]HOY*G_M@+$87%?NYT^3^_`\E^-?P?OOV3?&W_#5OP%TN1-',W_%
MP/"EH/W5U:X_X^HH_P#EE+%7T';GP;\:?ATMQ&EMJN@^(M...\5S;2Q?US6;
M\*?&5O\`&/X:P:CKFF?9;J6*2TUBPD7_`(]KJ(^5<Q?A*#7$_LL:1/\`"CQ!
MXK_9YN99?[/\/:E'J'A<R\`:9??O8HO^V4L4L7X5AA\+2P.*Y8_[OB-UVG_]
MN=%>M5Q.&3G_`!Z?7^Y_FF<1^QG_`&S\"?BSXK_8U\5WSS66GM_;7A"[E_Y:
MV,G^L_7]?,K8_P""C'PBO?&GPBC^*GA6'R]?\"7G]HV<T1_>?9O^6H_]J_\`
M;*MK]IGPW_PC7Q1\`_'S1H2EQH?B*+2M8SC][8WW[G)_ZYRR1?\`?RO9+JST
MW7-)DLM1@$EM<Q2)+%)_RTCK*GE;JY?B,JJ_!3_A_P"#['_@!K4S'V688?,:
M77X_\>T__`S`^"/Q&TWXJ_"_1/',9`BU/38I_P#MH1\_ZT5Y_P#L2:</AU\-
M=7^%>IW``\'>*K_2;<_].YD^T0?^0YA17JY;CL3]1A?>QY>.HX;ZW/E6ESTO
MX:^%%\%_#[1_"$\`+V.FPV\W/_+7ROWE/UOPVNH^/-&\0S$"/3-/NHX>?^6L
MIB_]IQR5U1*D9-`*@9'XUZ:P])4O9G-[2JZO.<[X^TA=?\*:IX<M,"2^TZ6V
MY_Z:#RZOZ-8V>D6$>EV,`C@MH8XX8_2/I6H0#P:`,5I[)>UYP]H_9\ARGP]\
M.'PMX=33I3_I$T\MY=D?QRRRF64_G)71U.NWL*6BE35*GR(4Y^TJ<Y7HJQ16
MEDR=CDO"?A3_`(1KQ1X@O;(`6FL7D5[_`-O/E>5+_P"BHJ=<>#T/Q+M/'$&.
M-(ETZ]Y_Z:Q2Q?\`M7_O[73,VWM0K;JP^KTO9>S+]I4OS',?$WPA!XZ^'^J^
M%P@$EW:?NN?^6H_>1G_OYBM_3TV0XFJZ0#P:`,57LE[7G#VC]GR')>'?#5KX
M6\;>(/$T7$6O&UGF_P"NT<7D_P#HN.*BNI\CWHJ/JU(.9$E&`.@HHKI("BBB
<@`HHHH`****`#`]*,`=!110`4444`%%%%`'_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>exhibit99.htm
<DESCRIPTION>PRESS RELEASE DATED FEBRUARY 5, 2014
<TEXT>
<html>
<head>
    <title>exhibit99.htm</title>
    <!--Licensed to: Hallador Petroleum Company-->
    <!--Document Created using EDGARizer 2020 5.4.1.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Arial; FONT-SIZE: 14pt; FONT-WEIGHT: bold">EXHIBIT 99</font></div>

<div style="TEXT-ALIGN: left">&#160;</div>

<div style="TEXT-ALIGN: left">&#160;</div>

<div style="TEXT-ALIGN: left"><img src="hpcfull.jpg" alt="">

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">NEWS RELEASE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">FOR IMMEDIATE RELEASE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">Contact: Becky Palumbo</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 303/839-5504 ext. 316<br>
</font></font>

<div><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">&#160; </font></div>
</div>

<br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">Savoy Energy L.P. Retains Energy Spectrum Advisors</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; FONT-WEIGHT: bold">To Market Its Trenton Black River Oil Properties</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Denver, Colorado - February 5, 2014</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Hallador Energy Company (NASDAQ: HNRG)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Late last year Savoy Energy, L.P., of which we own 45%, engaged Energy Spectrum Advisors Inc. (ESA) to market its Trenton Black River operated oil properties located in South East Michigan. ESA has offices in Dallas and Houston. More information will be posted to the ESA web site.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">ESA will have a booth at the North American Prospect Expo (NAPE) in Houston being held February 4-7, 2014. Beginning this afternoon, the Savoy properties will be showcased along with others.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Following NAPE a virtual data room will also be made available.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">We are looking forward to the opportunity to effect a monetization of our Savoy investment.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">For more information on Hallador, please visit both of our websites, <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; TEXT-DECORATION: underline">www.halladorenergy.com</font> or <font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt; TEXT-DECORATION: underline">www.sunrisecoal.com</font>.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt"># # # # #</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">_______________________________________________________________________</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">1660 Lincoln Street, Suite 2700, Denver, Colorado 80264</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Phone: (303) 839 - 5504 Fax: (303) 832-3013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 12pt">Website: www.halladorenergy.com</font></div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>hpcfull.jpg
<TEXT>
begin 644 hpcfull.jpg
M_]C_X``02D9)1@`!`0$`R`#(``#_X0!F17AI9@``24DJ``@````$`!H!!0`!
M````/@```!L!!0`!````1@```"@!`P`!`````@```#$!`@`0````3@``````
M``#(`````0```,@````!````4&%I;G0N3D54('8U+C`P`/_B`A!)0T-?4%)/
M1DE,10`!`0```@!A<'!L`@```&UN=')21T(@6%E:(`?6``$`"0`/`"$`)6%C
M<W!-4T94`````$Y/3D4```````````````````````#VU0`!`````-,L````
M````````````````````````````````````````````````````````````
M````"F1E<V,```#\````,')865H```$L````%&=865H```%`````%&)865H`
M``%4````%')44D,```%H````#F=44D,```%X````#F)44D,```&(````#G=T
M<'0```&8````%&-P<G0```&L````0&-A;'0```'L````%&1E<V,`````````
M$%9!.3`S(%-%4DE%4P```````````````````````````````%A96B``````
M``!QNP``-S,```.\6%E:(````````&**``"QBP``%DM865H@````````(I``
M`!=```"Y)&-U<G8``````````0(S``!C=7)V``````````$",P``8W5R=@``
M```````!`C,``%A96B````````#I:0`!`````0>'=&5X=`````!#;W!Y<FEG
M:'0@J2`R,#`V(%9I97=3;VYI8R!#;W)P;W)A=&EO;@``````````````````
M`````&1T:6T`````!]8``0`)``\`(0`E_]L`0P`"`0$!`0$"`0$!`@("`@($
M`P("`@(%!`0#!`8%!@8&!08&!@<)"`8'"0<&!@@+"`D*"@H*"@8("PP+"@P)
M"@H*_]L`0P$"`@("`@(%`P,%"@<&!PH*"@H*"@H*"@H*"@H*"@H*"@H*"@H*
M"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*_\``$0@`0P%!`P$B``(1`0,1
M`?_$`!\```$%`0$!`0$!```````````!`@,$!08'"`D*"__$`+40``(!`P,"
M!`,%!00$```!?0$"`P`$$042(3%!!A-180<B<10R@9&A""-"L<$54M'P)#-B
M<H()"A87&!D:)28G*"DJ-#4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI
M:G-T=79W>'EZ@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"
MP\3%QL?(R<K2T]35UM?8V=KAXN/DY>;GZ.GJ\?+S]/7V]_CY^O_$`!\!``,!
M`0$!`0$!`0$````````!`@,$!08'"`D*"__$`+41``(!`@0$`P0'!00$``$"
M=P`!`@,1!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7
M&!D:)B<H*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY
M>H*#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)
MRM+3U-76U]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_:``P#`0`"$0,1`#\`^"Z*
M**_J=GYQ%7E8_5;_`(-__P#@GO\`"CXNS:Q^T9\6O#46M1^'+^&STC3[Q$DM
MWO&B\R225#G>(U>(*I&TERQR5&W]EK2VBL[9+6"-42-0J(HP%`Z``=*_('_@
MC?\`\%&?V9?V-?@!K_@3XW:UJUMJ&J>)OM]HFGZ0]PIA-K!'DLO0[D;BOKS_
M`(?L?\$_/^AL\2_^$S+_`(U_*^(S%XO$U*^(J7G*3;N_-Z>BV2Z(_ISBW@CB
MF6;/#Y?@:LL+2C"-)1A)QY>2-VK*S<I7<I;RDVV>>_\`!RI_RCWT[_LI.F_^
MDU[7X+U^N7_!9_\`X*,?LS_ML?LC6GP@^`^L:M=ZW#XRL]2>+4-)>V3R(X+E
M&.]N,YE3CZ^E?DKJ6DZEH\_V;4K-XG(R-W0CU!'!K]D\.LQP%3*GAHU8NIS2
M?+=<UK+6VY^.<7<(\4Y/+ZUCL%5I4M%S2A)1OVNU:Y+X;TI=<UVWTIG*B5_F
M(ZA0"Q_05_13_P`$E?V$/@_^S%^S3X5^(FC^&K2?Q;XK\/V^I:GKKQ;I8XKE
M%F2WB)SY:*CJ#MP78$MV`_GB^'7_`".MG])/_1;U_4E^R!_R:9\+_P#LGFB_
M^D,-?,^(^)KSSRGAW)\D::DETNY23?K9(^ER&C3P?AS]8HKEJ5L1.$Y+>4(4
MZ<HPO_+S2;:V;LW>RMZ+1117P1Y`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`?R'T445
M_5&G4_-TVM4='X_NYS-ITD,[QA]-C8A6]<US_P!JO/\`G]E_[[K;\==-*_[!
M4?\`6L&OF>%*%'^P*/NK[73^](_1O$S'8U<;XNU22^#9M?\`+N!*E]?QGS([
M^92#P5E((KI])U.7Q?X7OM+U5Q)-91>;!.P^;@'@_ECW!KF;'4;W39#+97!C
M9EP2`.1^-6T\7>(X_P#5:K(N>NT`9_2ISS)JV84XK#4X1G"490FVU*+33>T'
MHU=6OK?4K@OBW`Y%5G_:->M4HU83IU:*C&4)QE%I.\JJUB[23Y;IK1ECX>!D
M\96<A4@?/SC_`*9O7]1G['M[!+^R=\,5BF1MOP^T92%.<$6,/%?RW?\`":^*
M@=PUN;(Y'3_"O<?V+_V_OC]^RQ\2;'Q#\/\`QE/"GFJMUILLC&SU!,\PSP@[
M2&Y`8`,I.00>:^)XVR#/<97>:.G%QA!)QC)MI)MMJ\8WWV6NA]/P[B^%,VR*
MEPUAL5.%9UI5(2JTHQA.4X0@J;<*M3DNXZ2:M=V=MS^FNBN&_9N^-_AW]H_X
M(>&OC;X5#)9>(=,CN5@9LF"3E98B>Y2170GOMKN:_-$TU='SV(P];"8B="M'
MEG!N+3W33LU\F%%%%,Q"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`/Y#Z***_JA['YN;WCKII7
M_8*C_K6"!FND\765UJ%QI%G9PM)(^F1A%4=>M?>/_!,G_@B'XX_:=M;3XM?&
M2>Y\-^#7VR6MPT(^UZJN2#]F1P0B<']\X.<@HK#)'YUA.)\OX?X<H>UO*I+F
MY8+=^_+5]EYOY)G[1Q3PEBL_XSQV*J5%0PM-TU.K--J[I0M&$5K.;6T8]-9.
M*U/SXL?#6O:B@DLM)G=#T?9A3^)XJQ_P@WBS_H"R?]]+_C7Z]_\`!;W]B3]F
M?]DC_@GEI\_P-^%]GI6HR>/M.MKG6W=I[Z>(VUV61IY"7VL54E5(7(''`Q^.
M(N;D#`N'_P"^S7HY)FV?9_@WBJ3ITXW:LXRD]+=5./?L?*8VCX?Y;6]BZ>*J
MZ+WN>E2O_P!N>SJV_P#`V:3^!_%2(7?1I,*,D[EX'YU5\/J7URS11DFZCP/^
M!5?\#7-W+XEAM5F8^9'*N&;@_NV_PKZ6_8;_`."7'[2?[3GC[3TT;P7>V&C.
MZ->>*-1L)$L+.!ADR*[!1.^W[J(226!)`.X<N;\35,FIXG#9A*$JC@G34(R3
MDY<RU3<M$TKNZT9]1D'!>69W]2S?+%4HX6%62KSK5(2C"-/V<TXN,*=Y24FE
M!*4FTC]@O^"'5IK-M_P3S\-2:KO\F?6=4?3@SY`A^UR*<#/RCS!(<<=SWKNO
MCW^V)\2O@S^U1\//V9],^!6G:P?B?-J">%]<?Q@;=5%C:QW-V;B+[(YCVJY"
M!6??@9VYP/6/@C\(?#/P%^$^@?"#P9#LTSP]ID5G:Y'S.$7YI&]69MSL>Y8U
M\G?\%%[?XCWO_!1?]D.W^$.LZ'8>(FN?'/\`9UWXCTZ:[LHR-(MR_F10S0N^
M8PX&V1<,5)R`0?R#*,-2G55*IJE">]]XPE)/3S1R\6YK'-L]Q>84595:LI)>
M4I_Y/4]R_;S_`&L-9_8F_9]U/]HV/X8)XITC0G@&MVB:Y]BGB2:XBMXVB!AD
M60^9*N02N!R">E>J^"=6\2ZQX2L-6\:^'[;2=4N+</>:;::B;N.W8_PB8QQ[
M^,9.P<Y'.,GX$_X+'Z)^V_:_\$X?B/<_%WXF?"N_\/+'I?\`:-GX<\$ZE:7L
MF=6L]GERS:E,B8DV$YC;*A@,$AA[I_P4S^*VM>$_V;+7X2>!M4UVS\1?$B_A
MT&SOO#&B7>HW^G617S+Z]BM[)'G8QVR.`R+\LDL9)'6NQ8"G/"T5!IRG.2<E
M=Z)0>WES-Z(\!UW&K-O9).WK<^FO/AX^<<]/>E,\2_>D`^M?"OP#^+%Q^U;_
M`,$8_$%U\1[G5X/&/@GP7K&C^))+B::VU/3=<TJWD\N9W.)([C"02DGY@9"&
MYW"O??V/_#/A+5OV$/AIX<\51?;;?Q-\.M-DU1-1O7EDU">[L4FN"[R,7=W9
MY7/.>3C`''/B<!/"J?.]8SY&DNW5:_UW-:==5;<JW5_^`>W*ZN,HV:1IHE)#
M.!@XKX__`."'^J/>_P#!.#PK\1?%FMW-[J^M:IK$VM:SJVH///=-%J=S;1&2
M65B3MBBBC`S@!1BO+/\`@JI^US\4/AW\>M#U[X1W?B\Z;\$[S3==\86>@>'[
M^YL-4-W(/M%G>W-O&T%N(-.S/MG9,B]C89QQK#*JM3,YX.$M8MJ_FM//=V7E
M>[(>)4<.JK6]OQ_X!^B;2HIPS8S0)8V;:'&?2OD7]OO1_"7CKXC_`+.7C'1M
M0N_(\5?%.RTF]N]+U>XMEU/29=-O[E89/)=1+'O1'7.<'."-S9YWXJKK?[$'
M[??PPT;X,^)O$5SX5^*^@^)E\3^#=5UZYOK.WN=+L1>0WMO]H:5K9W+>4P0A
M"H7C(J:67^UIQM+WY1E)*VGN7NKWWLG;3R'+$<LG=:)I??MI\S[;-S`.L@Z4
MHFB)P'&<9ZU\._L-?L_?#G]O3]AK3?CM^TG+=^(O&OQ$%[>7OBE-2DBO-%=;
MN>.&'3I%;_04@"+M2,*"RDN&).?$K+XG>._B-^P_\&_'/Q6U?7O$?B/PW^TC
M:>!K_6=+O9X=3\0:1%J$D4D$A253,\R11JP9CN9<YR2:W64.56=-3UA/DEIU
MUU6NJO%K6W1^D2Q?+%2MHU=?A_F?J>'1P0K9KYM^+G[;/QB\!_M=VG[(O@?]
MF"U\3:IJOA:7Q#H^HCQW'9QS64<HAD\Q9+4^7().-H+`C!W=0.5_X)2:_<^.
M?^%M_$3P9XMUF3X=ZC\06@\%^%O$VL2W6I:!)!"J7T,\<Q:2TW3D,EN[%D0`
M[5W#/+_M*V?Q>O\`_@LK\/X/@CXC\.:7K7_"A]3)NO%.CW%]:^4-1Y7RH+B!
M]Q;;AM^`,\'BC#X&G3QU2C5L^6$GK=6:C?6SOH]&%2M.5&,XZ7:\]+V/I;]G
M#XY?$+XN3>+M'^*/P6;P3JGA/Q!'I<UJ-?CU&*Z9[*WNQ(DL:(,>7<Q@@CKG
MT->G>;'M#;N#7QM^T-X9^)L7[#?Q3MOVN/%]O>>,;"[U+4O"NK>#+E[![**1
M$M[.XM4$[2P(CRLK!W8\OG<"`?#_`(J_&KX@?#O]G[QS^P-^V3XEN)/B+X%T
MJ+4OA3X^ANY+.3Q7I2NL"74,R2!S?1QO+',H.2NYCN(=R0RQ8MN5)I:VLKO3
M2\HW=VE>[ZI.^R=F\3[)+F7S\^S['Z<B:)NCCBD6>)B0'&1UKX(_:&T#PM\-
M?^"D&D^$=`^!?CSQCH4_P-FU";P?X#UHQ`7D.HP6T=[)'-?6T;;8$$.X,SDN
MORMRPY_XOZ7X,^&WA[]D?Q;/X$\</:ZY8W;>+/#FFZI=7&L7UL-"N]0^R3B)
MX6NY8;B5W)($C,&."QP8CE?.H-3^)-K1=%)V^+^[^(GBK7TV_P"!Y>9^C'G1
M[2V[@'!IINH!_P`M17YC6?QW^+?P\_X)@W'C'X7?&K4XM'^*GQS_`+&\`>(;
MS73?:IX3\-7]XL*I).Y)6YB$5Q\KNS0^<H+[X\#Z"^-_P'_X)]_!2]\`:3XV
MU&+P5XCT[Q9I>K>'/%$T=R]]K5W:W:2_9);QPQO9)]A1H6=Y"'W!?NFE5RQT
M9VE)N\I15HW?NVNVKZ;[*_7RO4<2YJZ71/?N?7!N8`<&09/:F7=_86=K)>WM
MU'%#$A>665PJHH&223P`!7YU_M`?#GQU^S-^U=J_[,GPLCN+OP[^U%X832O!
M\M_J#SCP?J-D^+UH%=\QV\5G<2WD<:G`FC1%"BOI#]KGX37'PR_X)I_$KX7_
M``;:Y^T6'PPU:&SFO+F6YNKD_9)/-=I68N\\@WD.3G>P-14R^,)TE[32I:SM
MT>C;UTL[JW5IC5>4E+W;<M[_`->FOS)?`?[7'QA_:,TN\\9_LD_`G2=<\)07
MT]KIWB[QGXKDT>VUHQ;U:6RCAM+J26#S55!,XC#?,5#!>>A_9F_:&^+GQ9\8
M^./AO\;/@3#X*UKP1>V=M-+8>(O[3LM3^T0F=9;>4PPML"&/.Y`=SD$`J16=
M_P`$S?$/@WQ%_P`$_O@[?>![FUFLXOAUI-K,]F`$%U#:QQ7*G'\2SK*&[[@U
M<G_P57^/GB;X$?LOZA=?"SQ3'H'B#7_$.CZ)>>(K9%:;1+.]NA`]^W.4VHLB
MI(1@.1CD<7*A3J8V6#ITTGS<J;O=6=KO7[]-]NQ*G*-%592NK7>WX'T\L\+'
M`D%*9H@=I?GTKX?_`."AW[,7@3]F']DS4_VG?V;]0N?"'CWX9VMOJFG>*(=4
MF:?5UCF036^H.[G[>)U8@^=N+/LYQQ7!?M-?%KXA?`#]N#PM^V?80:CH_@+3
M_"GA=OB[I/\`:$@A":[-J5HUY+;EBBRVKVEGEE4,RD@D@56'RM8J"E2GOS)7
M5FY1M9;OXN9)>>GF%3%>R;4EM;;L^ORL[GZ.M+&IP7'3-)Y\6W?O&/6O@6+Q
MQKW[4'_!5;P7K&LZQ-=_#&/P[XBM_!FC)?3"SU.ZTBYLUDU9XT<1S`W4\L41
M(9=MFDBYWJ1Y=#X*\7:_H_QF^&'[.NG?$V3XE^&OVC9+?X<ZII-[JATK1M.@
M&FLUO<7,LGV-;9(Y+EC;2,20Z80C;50RB]E*I9M)O317DXZNZV:U[">+_ECU
M:WWLKGZF&:,,$+<GH*0W$(8H9!D=17YP_P#!2K]L7XA?#W]J[PIXT^'6N^*&
M\-_!#7])D\=VVB:!J$VFWXO]PU&&\N88S:Q/;V;VDD8F<$->-@$XKT;_`(*3
M?#?XJ?$#XE_!OQ3^R+\11X;\=ZQJM_<Z9JL.HRQV6LI9Z9+>0VMVD;;)H9/+
M\O<RMA9#V)%1#*:EJ,JDE%5%)WL[+E5]?DT[J^_D/ZTGS<JNXM+UOII\S[8-
MS`O60#'6@W,`&?,%?!OP^^(7PL_X*+?%KX:>(?&_A:\TO6]+L==\.?%KX<:C
M?75N]EJUO!!+%'-`KJLL4;M<O#*PR?-!X="$Y'PO\(?'>G_M,^(O^"5>OZAJ
M=WHT_B:W^*6C>.I-;F74H?#&_P`B6S^T>89FN%N5BL$<G/V:29LJ5C!I95;F
MC.?+.*O)6V5[-IWUMH_-/0?UF]FE=/1>I^D/FQ?WQ^=%>9?\,<?LS?\`1(+#
M_O[-_P#'**\S_9_YG]R_S-KU.R^__@'\KU%%%?U':Y^=GZ&_\$:_V`=$_;#^
M,T'CKXC6#2^$/!UC:R:K$<8OIVRT-IR#\C%2TGJB;>-X-?NYI^G6.F6,.FZ=
M:QP6]O$L<$,2!4C0#`50.``.`!7X_?\`!NA^UI\)_!NK>(O@'XQUJ'3=4\3O
M92:')=2A4N+B%)$:VR>`[!E9,GYL,HYP#^P\9W(#7\N8FC7H8JI3KW4XR:L]
MTKNR].JZ:WZG]#^(>:5LRS2C*#7U;V=.5+E^&2E"/-/SDY)QD]TX\K^&R_/C
M_@Y3X_X)[Z=_V4G3?_2:]K\%Z_>C_@Y4X_X)[Z=G_HI.F_\`I->U^"]?M7A[
M_P`D_P#]OR_)'XAGG^^_)&S\.QGQI9C_`'__`$6]?U(?L@1J/V3OA@PX_P"+
M>:+_`.D,-?RR^%]3BT;7[;4YL[(W(<@=%(()_(U_1E_P35_;@^#7Q7_8:T+Q
M)=>+;&QE^'OA>&P\70R3`&RCM(-@N"H)/E/''O#=SN7JI`^,\1L/66?4JSB^
M65-)/NU*5UZV:/TC)*D,3X:JE3=Y4<3.4UUC&=."C)K^5N,E?:^CU:/JYNG-
M?'7[8/A'X7:I^UGX5^+'C+XD?M"6GB+X>1W,_A*+X??">75]*T_[;:I!<[9H
M]%N5F:1$&Y9)7*$G`3@#W?\`9_\`VP/@5^TW<ZA9?"/Q//>W&E+&U];W6GS6
MTD:N7"MME5=WS(ZG&2I&&`)&?3O+3<6V\GJ:^.HSJ8*NW)-.S5MG9JSW3W7E
ML>!.,,1#1Z?Y'Q?^V7\0OV?_`-MCX0W'P-\?6W[26@^'=0V?VQ:^&?@)K2/J
M`CFBGB#R7.C3,@22%6'EE,Y(;<,`4_"/CKX4>'_CQHO[07B7QS^U/XGU30O#
MUSHMEI^M_L_Z@MG]EG:-Y?DMM`B99&>*%C(C*Q\I5)*Y4_;FQ?2C8OI71''4
MH4?9*+Y=>J^U9/[/5)?<0\/*4N9RUTZ=OF?GI=^#OV>&G^*\6A^/OVL](T[X
MS7EQ<>,]'TWX"WZVY>>%H9#!N\/L\!,;;2X;>VT,S,WS'8\+7/P?\+6/@C2H
M_BC^UK=V?PXT[[-X-M+KX"7PBL'%D]C'.RQ^'E^T2);R21KYV]?G)*EL$?>>
MQ?2C8OI6DLS4XVE%_?'M;^3MIZ"6%:^U^'S[GYW?"WX??LY_"7X1^'O@%X=^
M(?[7$O@KPWX@CUBT\.W/P*U`1W$R7AO1'-)'X?662$W!\PQ[P#@`_+Q77^'/
M$'P`T3X3_$GX3ZOJ'[3FN1?%*[O+GQ%J^K_`+57O(Y+J!8)O**:&D87R42-5
M='"+&H0*!7W%L7THV+Z4IYFJDG*2=V[O5;WO?X._WA'"\JLG^'_!/SM_X0/X
M"KX`^&_PWA^+?[8":?\`"C5H=1\&R?\`"BKYIK>:&)X8?,=O#I,JI%)(@5LC
M:V"#@8]*^'?Q,_9R\&_%F?X\>,-`_:-\;>,GTPZ;8Z[XJ^!>ODZ;9,P9[>U@
MM=)@@A#L`7<1^8^`&8@`5]D;%]*-B^E*IF,:J:DI=>J6[N]H]7N$<+R[/\/^
M"?GWX;L_A1\)[G6_#_[.7Q&_:B\`>#_$FH7-]J/A#2OV?=8N8;*>?/FMI\MS
MH\DEB&)+;5+*K<H%/6UXV\/_`+)?B+X4_#WX*^"-/_::\%>'?AKKEKK6@V?A
MKX%ZTSS:C;RM+'=3RW>BSO))YCR.V"%=I&+`\8^^MJ^E&Q?2J>9IR4K2NM=U
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M?AGX>^'_`,=?A[^T)J%]X8U&"^TKQ;;?`;7H-32="-Y+)I`BVR@`/&(PAPI"
MAE4C[FV+Z4;%]*:S)1G&<5)..S4DK:)=(]E:VPGA;IIM-/R_X)\+^+/$7PG\
M2_M*#]J:P^)'[5VC^(8M`ET.UM=-_9_OC9P:=).)S;B.;P](7'F*K!G9G^0?
M-US@'PM^S^?$7@OQ;_PL;]KEM3\$>(]1U^ROIO@;J4DE[J5\91<W%P7T`[MT
M4I@$2;(DC10J*1D_H/L7THV+Z4+,HI)*+T5MX[6:M\'9O[P^JN_Q?A_P3\^-
M3^&G[#&H6OQ"\)KX`_:/A\%?$R_;4?$?P^@^!^OC2TU%@#]MMB=(-Q:R^:J2
M_NY@F]%RNT;:9>0>"O%6H_#^#XJ_&']I[Q7HWPS\8V?B3PS9:E^SCJR7<EU:
M*R0+=72:.&N$"/(K':KOO)+A@"/T*VKZ4;5QC`JO[5?52?K)/I;K#>VC>[0+
M"I+=?=\^Y\2?&_QA\"?CC\=?`_[0&I:E^TWHNK?#N6[E\+66C?`'5?LMO)=0
MB"X9Q<:'*\F^,`89R%ZJ%->R3_M[?!NZ@:VN?A'\:)(W4JZ/\`_$Y#`C!!']
MG\BO=]B^E&Q?2N:>)P]2$8R@[15E[RT5[_R]VV6J,XMM2WWT_P""?GKX7TKX
M1_`O7M4N_P!C_P`=?M+?#+0]:NY;N^\%6W[.^M:GH\%S(P9I;2"\TIS:$X.5
M1MA&`%4**V]/B_91\1?#SQ[X-^/OA/\`:%^(]]\38X(_%^N>(/@-XAAEDA@'
M^C06R6VF1I:Q0L6DC5!D.[,68G-?=^U?2C:OI6[S/FES-2OIK=<VFJO+EN]>
M[,UA;=?PT^Z]C\^]#@^%]_X7TSX3?&[XC?M._$/P#HUS;367A/Q)^SUK(^U?
M9G#V\=]=0Z0DUZB,J$HQ`<QKOWC(.QXKE_9I\?:O\3KGQ_\`\-,:SIOQ6T1=
M*\0Z#=?`+5DMK>WC25+;[,T6AK+&T`F<HS2,2<%]Y`K[LVKZ"C8OI1_:4>:Z
MBUZ-+JG?2&]TG??1#^K/O^'R[GP58:9^RWX<^)OPT^)/@5/VG/#Z?"CPR=!\
M*:#IGP'U?[%]B>-(YUG$NB/),TRQIO8OD,-R[&YK?_9W\?\`P7_9QE\;S^'=
M=_:>UI_'GB"[U[5WU[X!:JYAU.Y2-)+J'R=#CVD+#&!&VZ(!?N=:^UMB^E&Q
M?2IGF$*D.249-;?$N[?\O=MA'#.,KI_A\NY\+6&H?L[1?L\_$/\`9TUN]_:=
MUBQ^)E[J-UXBUS4_@)JK:@'OO^/GRV30UB&5^5=T;&-0HCV;$VT_"K_!KPG<
M?#*6U^)O[6MTGPGM'MO"\-]\!K^0-$]N;9A.3X?W2G[.?*#$@A>00Q+'[UV+
MZ4;%]*?]HPLURO6[WCU5G]CMH/ZO+3WOP_X)\5CQ#^QG;?M?P_MM:/\`!SX\
M:?XR/A^72=26Q^!/B-+34T?:%GN$_LS<\R*H17##Y<*0P5<;/PMLO@_\3/V]
M;?\`:?T3Q#\>[;Q9=^$9O#<=CXH^$MYI6AII"SM>_96GN=(BV8F&]7:<2,0$
MW,#M/UWL7TH,:'JHXK.6.3C9*5^7EUDG[O;X=BHT&GJUO?;K]X9/]X?G12X'
MH**\RQT'C_\`P[U_8'_Z,C^$?_AN-,_^,4?\.]?V!_\`HR/X1_\`AN-,_P#C
M%%%=?UW&?\_)?>_\S/V-+^5?<$/[!'[#.E72W6E_L9?"FVE4966W^'NFHP/L
M1""*]:T^&&VLHK>WC5$1`J(HP%`Z`445E4G.I+FF[ONS;GE[-4[^ZKV717WL
MCG?B;\(_A5\:M$C\(?&/X9^'_%FDI<K<)I?B71H+ZW$RA@L@CF5EW`,P#8R-
MQ]:X?_AWK^P/_P!&1_"/_P`-QIG_`,8HHJJ>(Q%*/+";2\FT9.G3EJT@_P"'
M>O[`_P#T9'\(_P#PW&F?_&*H^,_V.?V3_!'PR\6#P!^S=X(\.27GAB^M;BY\
M->&K;3IFA>%MZ"6V1'4'`Z$=!Z445:Q%>K.*G-O5;MLNG^Z4N32ZL[:779]U
MY'QG_P`&Y&O:QXZ\)_$CQAXKU"2\O[;4M-MK:1CM2".:U\^8)&N$0R2_O'95
M!=@"Q)K].J**];B>,8Y[7459)K_TE''E_P#N4`HHHKP#L"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
&****`/_9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
