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HomeMy WebLinkAbout876027 State of Wyoming Effective 11/86 Board of Land Commissioners Return to: Form ML-2 Oil & Gas Lease Interest Assignm~ nt State Land & Farm Loan Office (Revised ~.-96) 1.22 West 25th Street Hersehler Building, 3 West Filing Fee - $25.00 Non-Refia~dable Cheyenne, WY 82002-0600 ' .A!J~ ~ 0 2007 Wyoming Oil & Gas Lease Serial Number 00-00422 Assign.nent Appro,?dDate ASSIGNOR, with name and address at, Baseline Minerals, Inc. 1645 Court Place, Suite 422 , , Denver, CO 80202 heing the owner of 100 percent LEASEHOLD (Type Interest: Leasehold/Operatin':i Rights/Overriding Royalty) interest in this lease, described in particular if less than the total leasehold as: '[owgship 21 Norfl~_Range I ] 8 West, 6~1~ P.M, ! r · - ~ ,r Lincoln County, Wyoming 640,00 acres, more or less For good and valuable consideration, hereby assigns to: **************************** 1) ASSIGNEE, with name and address at: (?})' {:::) ~9 ~'? Condor Exploration, LLC ,..[ 7538 South Salida Court Aurora, CO 80016 100 percent interest in the total leasehold, or as described in pagicular 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. Reset','ations of overriding interests must be approved by the Director, and any such approval is subject to the condition that overriding royalties m~.ty be canceled by the Board of Land Commissioners if it finds that such overriding .royalties create a burden on the lease which prevents or Unreti:.;onably interferes' with its development. ASS1GNOR certifies by signature on reverse, that ASSIGNOR is the owner of the interesl above herein transferred, and ASSIGNEE(S) certify(ies) by signing on the reverse that this assignment constitutes a binding acceptance5 of all the terms, conditions, stipulations, restrictions and statutes governing the lease described above, and of the Rules of the Board, at Chapt 5: 6, Leasing of Subsurface Resources. This form may be duplicated. lf space is needed for additional assignors or assignees submit copies of this form only... Page 1 of 2 of Lease it 00-00422 assignment dat~ ? November 27, 2000 SIGNED AS TO TRANSFER AND ACCEPTANCE this 27th day of__ November 20 00 Attest - Attest - Assignee (2)- Title - Attest - ., q:,%." , COUNTY iq 0ZV .' '... Tll38 insfrul~e~t ~ at tno~v eagel(i0~fo~e me this ;~ r"/q'//[lay of ~)-V 0_.Cb -6~, 2000, by lm.eph W. Thames, President of Baseline Minerals, Inc. ' ,-~' '"'' :4a ,'::... ,t.' · .~ ?. My Commission Expires: NStary Public STATE OF COLORADO CITY AND COUNTY Oi~']D,E. iNVER o, ~ ..... O C:,~. . ~-~d.¢_ TI~.~ instrtirndnt ~j a~n~edge~'berore me this: ~ day ofV4 ~L~LCgb 2000, t~, Nixon L~ge, Manager orCondor Exploration, LLC. :tk{~::I~' :'tC;l:'[)6... My Commission Expires: Not~q Public ' ".}~ ,, Assi£nment Re~ui'rements Note: Assigmnants a~'¢ nDt valid nutil a~_ro~ved by the Director. State L_and mid Farm Loan Office as ncr State O{1 &: Oas Lease Tena? and approval is soi¢1¥ f'or ad~ninistrative Du~oses and should no~ be inJ~reted as wmvant¥ that any ~mW to this assihmment holds legal or equitable interest hi this lease. Assi~;nmetits which do not meet the reqn;!~¢; ;chis listed below an~ th~s¢ in ~he Lease and Rules will be reclined tmapproved~ This form umst be completed and submitted for any assignment of State Oil & Gas Lease leasehold interest, tmdivided or diYk, ~'d as to separate tracts, formations, zones or deposits, and for overriding royalty interest. : 2. Assignmants of less tbau a 100% leasehold interest, do not relieve the assignor of the obligations as a lessee under the teton, of the lease regarding the interest conveyed unless the State first has in haad, a wrltteu agreement to be bound as lessee for all obligations under the lease for the assigned portion from the assignee. T i; require~nent should not be construed in any way as a release or recisioo of the obligations of auy surely bonding pmlies under the requirements of the State Oil and Gas Lease, Board Rules or this assigr r~ at. (All lessees are ultimate y responsible for ! ~e performance nnder the lease, and default subjects the entire lease to forfeiture not just the interest related to an), peffonfiance obligation considered to ];e 'n defaolt.) A signed ofighial and one copy of each assignment must be filed with the Wyoming State Land and Farm Loan Office. 4. Each assignment, if approved, is recognized by the State as effeelive as of the date of approval by the Director. Adequate bond must be furnished coveting any and all productive zones prior to approval of any assignmeut of iuterest in an operating State oil and gas lease, whether wellbores exist on the leased lands or not, and ~n no case 'can drilling operations, including to prospectively productive zones uuder operating leases, begin witbont a bond first beiug in place· 5. If there is more than one party in interest to this assignment, then all such parties in interest mast sign the document befor:( :~ssignment approval will be given. 6. The appropriate legal description of the conveyed lands interest most be given. 7. Assignments creathig a separate (reissue) lease subject to the roles and regulations governing ail State of Wyoming Oil & G;:s Lease do not change the terms and conditions of the original lease, the lease anniversary date, nor the obligations and anniversary date of the lease created therefrom being considered as if it had been issued on the effective date of the original lease. (See Board Rules, Chapter 6, Secfian A.) 8. Corporations, limited liability companies, and limited partnerships must be qualified xvitb the Wyoming Secretary of States OiSee, and general partnership papers are required to be filed with the State Land and Farm Loan Office prior to, and as a condition of Board approval of any assignment. 9. Assignments will not be considered for approval where assignor or any assignee currently has a delinquent (late) royalty or :ental payment obligation(s) for any State subsurface resource lease.