many utilities are scrubbing to meet emission requirements beyond just sulfur compliance , even utilities that burn exclusively prb . once scrubbed , those utilities are usually capable of burning ilb coal . it is this trend of new scrubber installations coupled with rising capp cost structure that is leading to increased switching from capp coal to ilb coal . some fuel switching will also occur from prb to ilb in newly scrubbed utilities located near ilb coal supply . the majority of our coal is sold to investment grade customers who have scrubbed , “ base load ” power plants . base load power plants are among the lowest cost producers of electricity and the first to dispatch in the power grid . due to the large investments made to these plants none of these plants are scheduled for retirement ; thus we expect to be supplying these plants for many years . it is not economical for the smaller , older , less efficient power plants to install scrubbers and other pollution control devices ; accordingly , those type plants most likely will be retired in the coming years . our coal contracts we sell coal to the following customers : duke energy corporation ( nyse : duk ) , hoosier energy , an electric cooperative , indianapolis power & light company ( ipl ) , a wholly-owned subsidiary of the aes corporation ( nyse : aes ) , northern indiana public service co. ( nipsco ) , a wholly-owned subsidiary of nisource inc. ( nyse : ni ) and vectren corporation ( nyse : vvc ) . we also deliver coal to three florida utilities . we believe these florida sales are an indication of the trend of ilb coal replacing capp coal that has traditionally supplied the southeast markets . the table below illustrates the status of our current coal contracts : replace_table_token_1_th 13 as set forth in the table above we have 17.88 million tons committed but unpriced through 2024. roughly 1/3 of these tons reprice every year for a three-year period . committed tons are a firm commitment , meaning we are required to ship and our customer is required to receive said tons through the duration of the contract . the contracts provide mechanisms for establishing a market-based price . we expect to continue selling a significant portion of our coal under supply agreements with terms of one year or longer . typically , customers enter into coal supply agreements to secure reliable sources of coal at predictable prices while we seek stable sources of revenue to support the investments required to open , expand and maintain , or improve productivity at the mines needed to supply these contracts . the terms of coal supply agreements result from competitive bidding and extensive negotiations with customers . current projects all of our underground coal reserves are high sulfur ( 4.5 - 6 # ) with a btu content in the 11,200 -11,500 range . as discussed below , the ace surface mine is low sulfur ( 1.5 # ) with a btu content of 11,400. we have no met coal reserves , only steam ( thermal ) coal reserves . below is a discussion of our current projects preceded by a table of our coal reserves . reserve table - controlled tons ( in millions ) : replace_table_token_2_th * oaktown 1 and 2 were acquired on august 29 , 2014 . * * war eagle reserves will be mined from the oaktown 2 portal and have been added to the oaktown 2 reserve base . carlisle mine ( underground ) – assigned our coal reserves at december 31 , 2014 assigned to the carlisle mine were 53 million tons . the mine is located near the town of carlisle , indiana in sullivan county and became operational in january 2007. the coal is accessed with a slope to a depth of 340 ' . the coal is mined in the indiana coal v seam which is highly volatile bituminous coal and is the most economic in indiana . the indiana v seam has been extensively mined by underground and surface methods in the general area . the coal thickness in the project area is 4 ' to 7 ' . the mine has several advantages as listed below : · so 2 - historically , carlisle has guaranteed a 6 # so 2 product ; however , with the addition of the ace in the hole mine we can blend lower sulfur coal with carlisle coal and guarantee a mid-sulfur product which should command a higher price and increase our customer base . few mines in the ilb have the ability to offer their customers various ranges of so 2 . carlisle has supplied coal to 11 different power plants . · chlorine - our reserves have lower chlorine ( < 0.10 % ) than average ilb reserves of 0.22 % . much of the ilb 's new production is located in illinois and possesses chlorine content in excess of .30 % . the relatively low chlorine content of our reserves is attractive to buyers given their desire to limit the corrosive effects of chlorine in their power plants . 14 · transportation - carlisle has a double 100 rail car loop facility and a four-hour certified batch load-out facility connected to the csx railroad . the indiana rail road ( inrd ) also has limited running rights on the csx to our mine . dual rail access gives us a freight advantage to more customers . long term , the csx anticipates our coal being shipped to southeast markets via their railroad . we sell our coal fob the mine and substantially all of our coal is transported by rail . however , on occasion we have shipped to three power plants via truck . story_separator_special_tag ace in the hole mine ( ace ) ( surface ) – assigned in november 2012 we purchased for $ 6 million permitted fee coal reserves , coal leases and surface properties near clay city , indiana in clay county . the ace mine is 42 road miles northeast of the carlisle mine . we control 2.7 million tons of proven coal reserves of which we own .9 million tons in fee . we mine two primary seams of low sulfur coal which make up 2.6 million of the 2.7 million tons controlled . both of the primary seams are low sulfur ( < 2 # so 2 ) . mine development began in late december 2012 , and we began shipping coal in late august 2013. we truck low sulfur coal from ace to carlisle and or oaktown to blend with high sulfur coal . many utilities in the southeastern u.s. have scrubbers with lower sulfur limits ( 4 # so 2 ) which can not accept the higher sulfur contents of the ilb ( 4.5 # - 6 # so 2 ) . blending high sulfur coal to a lower sulfur specification enables us to market our high sulfur coals to more customers . we also expect to ship low sulfur coal from ace direct to unscrubbed customers that require low sulfur ( 1.5 # so 2 ) . we expect the maximum capacity of ace to be 500,000 tons annually . the ace mine is a multi-seam open pit strip mine . the majority of the seams are sold raw , but some of the seams will be washed prior to sales depending on quality . to convert the tons sold raw the in-place tonnage is taken times a pit recovery of 94 % based on seam thickness . to convert the tons sold washed the in-place tonnage is taken times a pit recovery based on seam thickness then reduced by the projected plant recovery of 72 % . oaktown 1 mine ( underground ) – assigned we have 44 million tons controlled and rated proved and probable of the indiana coal v seam . all reserves are located in knox county , in . oaktown 2 mine / war eagle reserve ( underground ) – assigned we have combined 20 million tons of our oaktown 2 mine with 43 million tons from our war eagle reserve to create a combined 63 million tons of reserve based in both knox county , indiana and lawrence county , illinois . both the oaktown 2 reserve and war eagle reserve will be mined through the oaktown 2 portal . in future reporting we will only refer to the combined reserve as oaktown 2. access to the oaktown 1 mine is via a 90 foot deep box cut and a 2,200 foot slope on a 14 percent grade , reaching coal in excess of 375 feet below the surface . access to the oaktown 2 mine is via an 80 foot deep box cut and a 2,600 foot slope on a 14 percent grade , reaching coal in excess of 400 feet below the surface . our underground mines are room and pillar mines meaning that main airways and transportation entries are developed and maintained while remote-controlled continuous miners extract coal from so-called rooms by removing coal from the seam , leaving pillars to support the roof . shuttle cars or similar transportation are used to transport coal to a conveyor belt for transport to the surface . the two oaktown mines are separated by a sandstone channel . the coal seam thickness ranges from 4 feet to over 9 feet . the mine 's wash plant was originally sized to process 800 tons per hour and has been expanded to 1,600 tons per hour to accommodate the second mine . the two mines are connected to a railway equipped to handle 110 to 120 car unit trains . coal is also transported via truck to customers . bulldog mine ( underground ) – unassigned we have leased roughly 19,300 acres in vermillion county , illinois near the village of allerton . based on our reserve estimates we currently control 35.8 million tons of coal reserves . a considerable amount of our leased acres has yet to receive any exploratory drilling , thus we anticipate our controlled reserves to grow as we continue drilling . the permitting process was started in the summer of 2011 , and we filed the formal permit with the state of illinois and the appropriate federal regulators during june 2012. in july 2014 , we were notified by the illinois department of natural resources ( ildnr ) that our permit had been deemed complete which starts the timeline for the ildnr public review process . it is our estimation that our permit will be approved or denied in 2015 . 15 full-scale mine development will not commence until we have a sales commitment . we estimate the costs to develop this mine to be $ 150 million at full capacity of three million tons annually . unassigned reserves represent coal reserves that would require new mineshafts , mining equipment , and plant facilities before operations could begin on the property . the primary reason for this distinction is to inform investors which coal reserves will require substantial capital expenditures before production can begin . mine and wash plant recovery replace_table_token_3_th ohio river terminal on may 31 , 2013 , we purchased for $ 2.8 million a multi-commodity truck/barge terminal . over 17 acres of secured area is available . the terminal is at mile point 743.8 on the indiana bank of the ohio river near the william natcher bridge between rockport and grandview , indiana . currently the dock will handle third party commodities . in the long term , we plan to ship coal through the dock . the terminal is in close proximity to the ns railroad , the csx railroad , and

liquidity and capital resources our capex budget for 2015 is $ 37.6 million , of which $ 26.6 million is for maintenance capex . cash from operations should fund these expenditures . our bank debt at february 27 , 2015 was $ 296 million compared to $ 345 million at september 30 , 2014 and $ 306 million at december 31 , 2014. we have no material off-balance sheet arrangements . capital expenditures ( capex ) for 2014 our capex was about $ 25.8 million allocated as follows ( in 000 's ) : replace_table_token_4_th 16 results of operations the column for the 3 rd and 4 th quarter of 2014 in the table below includes the mines acquired from vectren on august 29 , 2014. quarterly coal sales and cost data ( in 000 's , except for per ton data ) : replace_table_token_5_th replace_table_token_6_th during 2014 , much of management 's time , effort and attention was focused on the vectren fuels acquisition , a transaction that essentially tripled our size . two thirds of our employees were new to us in september 2014 and we continue to spend time integrating them into our methodologies . we are extremely grateful for the time , effort and dedication of our employees that made the transaction possible . additionally , rail service was poor throughout the industry in 2014. unfortunately , we were not immune from this issue . of our eight contracted customers , three struggled to provide us with the adequate freight . we made several changes to improve transportation in 2015 and so far the results are encouraging . we realize the combination of poor transportation and the challenge of acquiring vectren fuels did not help contain our costs structure throughout much of 2014. in the 4 th quarter , we were able to reduce our costs to $ 29.61/ton , a significant improvement over the 3 rd quarter per ton costs of $ 35.30. we believe we will be able to maintain our cost structure below $ 30/ton in 2015 . 17 2014 v. 2013 for 2014 , we sold 5,398,000 tons at an average price of $ 43.33/ton .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources our capex budget for 2015 is $ 37.6 million , of which $ 26.6 million is for maintenance capex . cash from operations should fund these expenditures . our bank debt at february 27 , 2015 was $ 296 million compared to $ 345 million at september 30 , 2014 and $ 306 million at december 31 , 2014. we have no material off-balance sheet arrangements . capital expenditures ( capex ) for 2014 our capex was about $ 25.8 million allocated as follows ( in 000 's ) : replace_table_token_4_th 16 results of operations the column for the 3 rd and 4 th quarter of 2014 in the table below includes the mines acquired from vectren on august 29 , 2014. quarterly coal sales and cost data ( in 000 's , except for per ton data ) : replace_table_token_5_th replace_table_token_6_th during 2014 , much of management 's time , effort and attention was focused on the vectren fuels acquisition , a transaction that essentially tripled our size . two thirds of our employees were new to us in september 2014 and we continue to spend time integrating them into our methodologies . we are extremely grateful for the time , effort and dedication of our employees that made the transaction possible . additionally , rail service was poor throughout the industry in 2014. unfortunately , we were not immune from this issue . of our eight contracted customers , three struggled to provide us with the adequate freight . we made several changes to improve transportation in 2015 and so far the results are encouraging . we realize the combination of poor transportation and the challenge of acquiring vectren fuels did not help contain our costs structure throughout much of 2014. in the 4 th quarter , we were able to reduce our costs to $ 29.61/ton , a significant improvement over the 3 rd quarter per ton costs of $ 35.30. we believe we will be able to maintain our cost structure below $ 30/ton in 2015 . 17 2014 v. 2013 for 2014 , we sold 5,398,000 tons at an average price of $ 43.33/ton .
```    
 Suspicious Activity Report : many utilities are scrubbing to meet emission requirements beyond just sulfur compliance , even utilities that burn exclusively prb . once scrubbed , those utilities are usually capable of burning ilb coal . it is this trend of new scrubber installations coupled with rising capp cost structure that is leading to increased switching from capp coal to ilb coal . some fuel switching will also occur from prb to ilb in newly scrubbed utilities located near ilb coal supply . the majority of our coal is sold to investment grade customers who have scrubbed , “ base load ” power plants . base load power plants are among the lowest cost producers of electricity and the first to dispatch in the power grid . due to the large investments made to these plants none of these plants are scheduled for retirement ; thus we expect to be supplying these plants for many years . it is not economical for the smaller , older , less efficient power plants to install scrubbers and other pollution control devices ; accordingly , those type plants most likely will be retired in the coming years . our coal contracts we sell coal to the following customers : duke energy corporation ( nyse : duk ) , hoosier energy , an electric cooperative , indianapolis power & light company ( ipl ) , a wholly-owned subsidiary of the aes corporation ( nyse : aes ) , northern indiana public service co. ( nipsco ) , a wholly-owned subsidiary of nisource inc. ( nyse : ni ) and vectren corporation ( nyse : vvc ) . we also deliver coal to three florida utilities . we believe these florida sales are an indication of the trend of ilb coal replacing capp coal that has traditionally supplied the southeast markets . the table below illustrates the status of our current coal contracts : replace_table_token_1_th 13 as set forth in the table above we have 17.88 million tons committed but unpriced through 2024. roughly 1/3 of these tons reprice every year for a three-year period . committed tons are a firm commitment , meaning we are required to ship and our customer is required to receive said tons through the duration of the contract . the contracts provide mechanisms for establishing a market-based price . we expect to continue selling a significant portion of our coal under supply agreements with terms of one year or longer . typically , customers enter into coal supply agreements to secure reliable sources of coal at predictable prices while we seek stable sources of revenue to support the investments required to open , expand and maintain , or improve productivity at the mines needed to supply these contracts . the terms of coal supply agreements result from competitive bidding and extensive negotiations with customers . current projects all of our underground coal reserves are high sulfur ( 4.5 - 6 # ) with a btu content in the 11,200 -11,500 range . as discussed below , the ace surface mine is low sulfur ( 1.5 # ) with a btu content of 11,400. we have no met coal reserves , only steam ( thermal ) coal reserves . below is a discussion of our current projects preceded by a table of our coal reserves . reserve table - controlled tons ( in millions ) : replace_table_token_2_th * oaktown 1 and 2 were acquired on august 29 , 2014 . * * war eagle reserves will be mined from the oaktown 2 portal and have been added to the oaktown 2 reserve base . carlisle mine ( underground ) – assigned our coal reserves at december 31 , 2014 assigned to the carlisle mine were 53 million tons . the mine is located near the town of carlisle , indiana in sullivan county and became operational in january 2007. the coal is accessed with a slope to a depth of 340 ' . the coal is mined in the indiana coal v seam which is highly volatile bituminous coal and is the most economic in indiana . the indiana v seam has been extensively mined by underground and surface methods in the general area . the coal thickness in the project area is 4 ' to 7 ' . the mine has several advantages as listed below : · so 2 - historically , carlisle has guaranteed a 6 # so 2 product ; however , with the addition of the ace in the hole mine we can blend lower sulfur coal with carlisle coal and guarantee a mid-sulfur product which should command a higher price and increase our customer base . few mines in the ilb have the ability to offer their customers various ranges of so 2 . carlisle has supplied coal to 11 different power plants . · chlorine - our reserves have lower chlorine ( < 0.10 % ) than average ilb reserves of 0.22 % . much of the ilb 's new production is located in illinois and possesses chlorine content in excess of .30 % . the relatively low chlorine content of our reserves is attractive to buyers given their desire to limit the corrosive effects of chlorine in their power plants . 14 · transportation - carlisle has a double 100 rail car loop facility and a four-hour certified batch load-out facility connected to the csx railroad . the indiana rail road ( inrd ) also has limited running rights on the csx to our mine . dual rail access gives us a freight advantage to more customers . long term , the csx anticipates our coal being shipped to southeast markets via their railroad . we sell our coal fob the mine and substantially all of our coal is transported by rail . however , on occasion we have shipped to three power plants via truck . story_separator_special_tag ace in the hole mine ( ace ) ( surface ) – assigned in november 2012 we purchased for $ 6 million permitted fee coal reserves , coal leases and surface properties near clay city , indiana in clay county . the ace mine is 42 road miles northeast of the carlisle mine . we control 2.7 million tons of proven coal reserves of which we own .9 million tons in fee . we mine two primary seams of low sulfur coal which make up 2.6 million of the 2.7 million tons controlled . both of the primary seams are low sulfur ( < 2 # so 2 ) . mine development began in late december 2012 , and we began shipping coal in late august 2013. we truck low sulfur coal from ace to carlisle and or oaktown to blend with high sulfur coal . many utilities in the southeastern u.s. have scrubbers with lower sulfur limits ( 4 # so 2 ) which can not accept the higher sulfur contents of the ilb ( 4.5 # - 6 # so 2 ) . blending high sulfur coal to a lower sulfur specification enables us to market our high sulfur coals to more customers . we also expect to ship low sulfur coal from ace direct to unscrubbed customers that require low sulfur ( 1.5 # so 2 ) . we expect the maximum capacity of ace to be 500,000 tons annually . the ace mine is a multi-seam open pit strip mine . the majority of the seams are sold raw , but some of the seams will be washed prior to sales depending on quality . to convert the tons sold raw the in-place tonnage is taken times a pit recovery of 94 % based on seam thickness . to convert the tons sold washed the in-place tonnage is taken times a pit recovery based on seam thickness then reduced by the projected plant recovery of 72 % . oaktown 1 mine ( underground ) – assigned we have 44 million tons controlled and rated proved and probable of the indiana coal v seam . all reserves are located in knox county , in . oaktown 2 mine / war eagle reserve ( underground ) – assigned we have combined 20 million tons of our oaktown 2 mine with 43 million tons from our war eagle reserve to create a combined 63 million tons of reserve based in both knox county , indiana and lawrence county , illinois . both the oaktown 2 reserve and war eagle reserve will be mined through the oaktown 2 portal . in future reporting we will only refer to the combined reserve as oaktown 2. access to the oaktown 1 mine is via a 90 foot deep box cut and a 2,200 foot slope on a 14 percent grade , reaching coal in excess of 375 feet below the surface . access to the oaktown 2 mine is via an 80 foot deep box cut and a 2,600 foot slope on a 14 percent grade , reaching coal in excess of 400 feet below the surface . our underground mines are room and pillar mines meaning that main airways and transportation entries are developed and maintained while remote-controlled continuous miners extract coal from so-called rooms by removing coal from the seam , leaving pillars to support the roof . shuttle cars or similar transportation are used to transport coal to a conveyor belt for transport to the surface . the two oaktown mines are separated by a sandstone channel . the coal seam thickness ranges from 4 feet to over 9 feet . the mine 's wash plant was originally sized to process 800 tons per hour and has been expanded to 1,600 tons per hour to accommodate the second mine . the two mines are connected to a railway equipped to handle 110 to 120 car unit trains . coal is also transported via truck to customers . bulldog mine ( underground ) – unassigned we have leased roughly 19,300 acres in vermillion county , illinois near the village of allerton . based on our reserve estimates we currently control 35.8 million tons of coal reserves . a considerable amount of our leased acres has yet to receive any exploratory drilling , thus we anticipate our controlled reserves to grow as we continue drilling . the permitting process was started in the summer of 2011 , and we filed the formal permit with the state of illinois and the appropriate federal regulators during june 2012. in july 2014 , we were notified by the illinois department of natural resources ( ildnr ) that our permit had been deemed complete which starts the timeline for the ildnr public review process . it is our estimation that our permit will be approved or denied in 2015 . 15 full-scale mine development will not commence until we have a sales commitment . we estimate the costs to develop this mine to be $ 150 million at full capacity of three million tons annually . unassigned reserves represent coal reserves that would require new mineshafts , mining equipment , and plant facilities before operations could begin on the property . the primary reason for this distinction is to inform investors which coal reserves will require substantial capital expenditures before production can begin . mine and wash plant recovery replace_table_token_3_th ohio river terminal on may 31 , 2013 , we purchased for $ 2.8 million a multi-commodity truck/barge terminal . over 17 acres of secured area is available . the terminal is at mile point 743.8 on the indiana bank of the ohio river near the william natcher bridge between rockport and grandview , indiana . currently the dock will handle third party commodities . in the long term , we plan to ship coal through the dock . the terminal is in close proximity to the ns railroad , the csx railroad , and

