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HomeMy WebLinkAbout876022 State of Wyoming Effective 11/86 Board of Land Commissioners": Return to: Fo.n Mb2 Oil & Gas Lease Interest Assignm,:,.nt State Land & Farm Loan Office (Revised 4-96) I22 West 25th Street Filing Fee - $23.00 Non-Refimdable ~ Herschler Building, 3 West :' Cheye~me, WY 82002-0600 ' AUG ~ ~ 200i Wyoming Oil & Gas Lease Serial Number 00-00417 Assimnent Approval 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: LeasehOld/Operatir!'4i Rights/Overriding Royalty) interest in this lease, described in particular if less than the total leasehold as: "· Tow.nship 23 N~o~lh, Range 115 West, 6"' P.M. ~ ,~. Section i: Lot 4 Section 2: Lot I Section 4: SESE Lhlcohx County, Wyoming 123.06 acres more or less , ' ~' ' For good and valuable consideration, hereby assigns to: *********************************************************************** I) ASSIGNEE, with name and address at: ~ ;7 ~... ,z ~ ,.'~ [) Condor Exploration, LLC 7538'South Sal da Cou~ i~i (; c~ c~ ' U~ 9r'P ") '; ':'~ ~' Aurora, CO 80016 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: percent interest in the total leasehold, or as described in particular above. and reserving unto ASSIGNOR, 0.5000% Overriding Royalty Interest... This assignment is subject to any existing overriding royalties previously reserved. Reser,?ations of overriding interests must be approved by the Director, and any such approval is subject to the condition that oveniding royalties milv be canceled by the Board of Land Commissioners if it finds that such overriding royalties create a burden on the lease which prevents or anrea~:;onably interfere~ with its development. ASSIGNOR certifies by signature on reverse, that ASSIGNOR is the owner of the interest above herein transferred, and ASSIGNEE(S) certify(ies) 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 Chapter 6, Leasing of Subsurface Resources. This form may be duplicated. If space is needed for additional assignors or assignees submit copies of this form only. ':'~'"" Page ..~. '~ of 2 of Lease # 00-00417 assigmnent da~e::? November 27, 2000 SIGNED AS TO TRANSFER AND'ACCEPTANCE this 27th day of _b:~2vember 20 00 SS NORi ] aseline nc:. / .... Assignee (1)-(2ondor Exploration, LLC " ritle- President Title-Manager' [..,/~ ' Attest - A~est - Assignee (2)- ' 0~{~O~ .. By- Title- Attest - COUNTY ~ .... ~..~ Thi~linstru~[}.~as [~no'.wl~d~ed b~'fore me this~ehay or 2000, by?:~eph W. Thames, President of Baseline Minerals, Inc. ~ary Public .... --- STATE OF COLORADO CITY A~D COUNT~ OF DEN~ER . ..... '-day or :000. or Co.do :xpSort. on, [lC. / ~, ',..., .. ~.J, ~. .. :,' Assignment Requirements Nato: A S~ment$ itr.~ not valid la, Iii aD,roved by the D rector, S2~_te Land and .Fgrm Loan Office as per State 0 1 & .Gas Lease Tetras.' and a~'roval il solelv for administrativtm~moses and shot d no be interptel$t! as wananty that any t/art~to this'assimiment {~olds legal or equitable interest in this lease. Assimnents wltid! do not meet fl~e re.qt, fire~ents liste~l below and. those in the Lease and RuI,$ will be retnrn¢~l unappmved. This form must be colnpleled and submitted for any assignment of State Oil & Gas Lease lease tom interest undivided or di~4i,.}d as to separate tracts, formations, zones or deposits, and for ovenlding royalty hllerest. , 2. Asslgmnents of less Ihan a 100% leasehold interest, do not relieve the assignor of the obligations as a lessee trader the term?;.of the lease regarding tho interest conveyed nnless the Stale first has in hand, a written agreement to be boond as lessee for all obligations nnder the lease for the assigned portion from the assignee. This requirement should not be eomtmed in any way as a release or recision of the obligations of any surety bonding parties under the requirements of the State Oil mid Gas Lease, Board Rules or this assignm¢at. (All lessees are ultimately responsible for the performance under the lease, and default subjects the eotire lease to forfeiture not just the interest related to any performance obligation considered to be ia default.)' 3. A si~,med original and ooe copy of each assigmnent mast be filed with the Wyoming State Land and Farm Loan Office. 4. Each assigmment, if approved, is refiognlzed by the Stale as effective as o£ the date of approval by the Director· Adeqnate b ad must be fi~mished covering any and all productive zones prior to approval of any assignmeot of interest in an operating State oil and gas lease, whether wellbores exist on tl~e leased lands or not, m~d. :i no case can drilling operations including to prospectively productive zones uader operating leases, begin without a bond first being in place. , 5. If there is more thah one parly in interest to this assigmnent, then all snch parties in interest must sign the documem before ~: :}ignment approval will be given. 6. The appropriate legal description of the conveyed lands interest taus! be given. · 7. Assignments creatiog a separate (reissoe) lease si bject to the rides and regulations gnveming all State of Wyoming Oil & G: s Lease do not change the terms and conditions of the original lease, the lease anniversmy date, nor the obligations and anniversary date of the lease created therefrom being considered as if it had beer h'med on the effective date of the original lease. (See Board Rnles, Chapter 6, Sectioa A.) 8. Corporations, limited liability companies, and limited partnerships must be quafified w/ih the Wyoming Secretary of States:):.ice, and ~genfral partnership papers are required to'be filed wilh the Stale Land and Farm Loan Office prior to, and as a eoadition of Board approval of any assignment. 9. As§ignments will not be considered for approval wbere assignor or arty assignee currently has a deiinquent (late) royalty cr I*ntal payment obligation(s) for an}, State subsurface resource lease.