HomeMy WebLinkAbout876020 State of Wyoming
Effective 1 us6 Board of Land Commissioner.~ Return to:
Form ML-2 Oil & Gas Lease Interest Assignment state Land & Farm Loan Office
(Revised 4-96) 122 West 25th Street
Filing Fee - $25,00 Non-Refimdable Herschler Building, 3 West
Cheyenne, WY 82002-0600
Wymning Oil & Gas Lease Serial Number 00-004i6 Assi~nent Appr~;v:;[Date
ASSIGNOR, with name and address at,
Baseline Minerals, Inc.
1645 Court Place, Suite 422
Denver, CO 80202
being the owner of 100 percent LEASEHOLD ~.
(Type Interest: LeaseholWOperat~a~ Rights/Overriding Royalty)
interest in this lease, described in pa~icular if less than the total leasehold as:
Township 22 No{Ih, Range 114 West, 6"' P.M
Seclion 29: Lots 3-5
Sect{o, 30: Lots 3, 4
Lincoln County, Wyoming
255.61 acres more or les~
. I) ASSIGNEE, with name and address at: [~ '1, r'~.R '9
Condor Exploration, LLC
100 percent interest in the total leasehold, or as described in particular above',:
2) ASSIGNEE, with name and address at:
percent interest in the total leasehold, or as described in particular above.
3) ASSIGNEE, with name and address at:
percent interest in the total leasehold, or as described in particular above.
4) ASSIGNEE, with name and address at:
percent interest in the total leasehold, or as described in particular above.~
5) ASSIGNEE, with name and address at:
3.
percent interest in the total leasehold, or as described in particular above.
and reserving unto ASSIGNOR, 0.50000% Overridin~ Royalty Interest
This assignment is subject to any existing overriding:royalties previously reserved. Res.~'r'¢ations of overriding interests must be approved by
the Director, and any such ·approval is subject to the condition that overriding royalties may be canceled by the Board of Land Commissioners if
it finds that such overriding royalties create a burden on the lease which prevents or unreasonably interfere's with its development.
ASS1GNOR certifies by signature on reverse, that ASSIGNOR is the owner of the interest'above herein transferred, and ASSIGNEE(S) ·
certify(les) by signing on the reverse that this assignment constitutes a binding acceptance of'all the terms, conditions, stipulations, restrictions
and statutes governing the lease described above, and of the Rules of the Board, at Chal:.,~i? 6, Leasing of Subsurface Resources.
?his form may be duplicated
If space is needeckfor additional assignors or assignees submit Copies of this form only. :
Page 1 of 2 of Lease # 00-00416 assignment da:;ec! November 16, 2000
SIGNED AS T.O TRANSFER AND ACCEPTANCE this 16th day of __i:'fovember 20 00
AS(/Basel , Inc. ] I Assignee (1) ~ondor Exploration, LLC
Title -
Attest -
This~hstrument'~s a~o~te~d be'fore ~ne this day of
Jo.~ph
W.
ThaInes, President of Baseline Minerals,~ hlc.
STATE OF COLORADO
CITY AND COUNTY OF DENVER
Thi54nstrument~ ,,~'as acl~no~y..- edged.., betbre, me this . day of '~. 2000, ~( Nixon R. Lange, Manager of Condor Exploration, LLC.
. /~ ~".
~'P~"-:/(~t,~" ~C~ My Commission Expires:
Assignment Reoulrements
Note: As~igmne~_~t.s_are not valid nntil approved by file D/rector, State Lmld mid Farm !,o~¢ Office as ver Stale Oil & Gas Lease T¢::~, and a~oroval is solely for admin/strative puipo~es and should not be JnteI~oreled
as~wan'a21tv thai anv harry to tiffs assi~mment holds legal or eqnitable interest in tiffs lease, AssigmnenB which d9 not ineet the requ(ie_~,i :nts listed below and tb0se in tile Lea~e and Rules ',vill be returned unapproved.
Tbisiaterest.form Ilnlsl be completed and submitted for any assignment of State Oil & Gas Lease leasehold interest, undivided or dk id~ fl hs to separate tracts, fonnatinns, zones or deposits, and for overriding royalty
2. Assigmnents of less than a 100% leasehold interest, do not relieve the assignor of the obligations as a lessee nnder the te',:m of the lease regarding the interest conveyed unless tbe State first ha§ in band,
a wrilten agreement to be bound as lessee for all obligations nnder the lease for the assigned port/on from the assignee. T,is 'equirement should not be construed in any way as a release or recision of ibc
obligations of any surety bonding part/es under the requirements of file State Oil and Gas Lease, Board Rules or this assig::m: it. (kdl lessees are ultimately responsible i'or the performance under the tease,
and deft'mit subjects the entire lease to forfeltnre not just tile interest related to any performance obligation considered to be: ~ default.)
3. A signed original and one copy of each assignment must be filed with tbe Wyoming State Land and Farm Loan Office.
4. Eacb assignme ~, f approved, is rec'ognized by tbe State as effective as of tl~e date of approval by the Director. Adequa*~ b:nd must be furnished'covering any and all productive zones prior to approval
of any assignment of interest in an operating State oil and gas lease, whether wellbores exist on tbe leased lands or not, zud 2 t no case can dr ng operations including to prospectively prodtictive zones
under operating leases, begin wflboat a bond first being in place. '
If tl;em is more than one party in interes o t ffs assigmnent, then all such parties in interest must sign the document befo~-i a~ signment approval will be given.
6. The appropriate legal description of ibc conveyed lands interest must be given.
7. Assignments creating a separate (reissue) lease sobject to the rides and regu}ations governing all State of Wyoming Oil & Gl.. Lease do not change the terms and condillons of the original lease, file lease
Sectionaaniversa~YA.) date, nor the obligations and anniversary date oftbe lease created therefrom being considered as/fit bad been i! .deal on the effective date of the original lease. (See Board Rnles, Chapter 6,
8. Cmporations, tim/ted I ab ty compmffes and limited partnerships inust be quaIified with file Wyoming Secretary of States O{! ce, and'gen6ral pa~lerslffp papers are required to be flied with the State Land
and Farm Loan Qffice prior to, and as a eoudltion of Board approval ofat~y assignment.
9. Assigmnents will not be considered for approval where assignor or any assignee'carrently bas a delinqoent date) royalty or rental payment obligation(s) for any State sobsuffaee resonrce lease.