HomeMy WebLinkAbout876029 State of Wyoming
Effective 11/86 Board of Land Commissioners 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-Refundable Herschler Building, 3 West
Cheyenne, WY 82002-0600
AUG
Wyoming Oil & Gas Lease Serial Number 00-00424 Assigmnent 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/Operatin~ Rights/Overriding Royalty)
interest ia this lease, described in particular if less than the total leasehold as:
Township 22 North, Raa~e 118 West, 6"' P.M. ~ .~ - ~. --- ' -~
Section 16: NENE, W2E2, W2
Lincoln Couuty, Wyoming
For good and valuable consideration, hereby assigns to:
Condor Exploration, LLC
7538 South Salida Court
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 ioterest 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 Royal _ty Interest
This ass igmnent is subject to any existing overriding royalties previously reserved. Res&'vations 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 tinrei~sonably interferes 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 acceptances:, of all the terms, conditions, stipulations, restrictions
and statutes governing the lease described above, and of the Rules of the Board, at Chapt6r 6, Leasing of Subsurface Resources.
lhis form may be duplicated.
If space is needed for additional assignors or assignees submit copies of this form only.
Page 1 of 2 of Lease it 00-00424 assignment dat.'.d November 27, 2000
SIGNED AS TO TRANSFER AND ACCEPTANCE this 27th day of __November 20 00
ASSI?'ff'OR seline M ., Assignee (1) - (-0ndor Exploration, LLC
By -- J
/( ]
Title - President ~' ~' Z i'h'l ~ ~ O~ Title - Manager.
Attest - Attest -
·...'.. ·
By- : '" '
Title -
Attest -
STATE OF
Th)~ ~nstrua3e
· j · ' ' 5 · ~,,), .: ' , ,2000, by :o.ieph W. Thames, President of Baseline Minerals, Inc.
~fary .P~lic '
STATE OF COLORADO
CITY AND COUNTY OF DENVER
T'' r ;" :' l ' '
htr~ mstrtllnent~,-~/i ,~.c~wledged before me this ~~{< day of k ~.~.~, 2000, b¢ Nixon Lange, Manager of Condor Exploration, LLC.
:a~gllc . , My Commission Expires: ~:'.7'O~
Assignment Requirements
Note: As~s~3men~ls ar~e ,or val_i~proved by the DLrecto~r, State Land and Fann Loan Office as ocr Stale Off_& Gas Le~__e Ten_,.'!_ ! _and approval is solely for achninisVative purposes and shotdd not be inte~prete__~_d
as w~axraoty tlta~_a, w palW to tiffs assignment bo~or eauitable interest in INs lease, AssignmeniLs_W~o.not mecUhe requ~e_:.jents sled b~low and those in the Lea~e and Rules will be reBtmed tmannrove,l
[. This form must be eompleled and submitted for any assigmment of State Oil & Gas Lease leasehold interest, ~mdi:vided or di;i(m.d as to separate tracts, formations, zones or deposi s and for overriding royally
interesL ,
2. Assignlnents of less than a 100% leasehold interest do not relieve tile assignor of tbe obligations as a lessee under the tenni, of tile lease regarding th~ interest conveyed nnless the State first bas in band,
a wr/Iten agreeinent to be bound as lessee for all obligations onder the lease for the assigned portion from the assignee. T, fi4 reqnirement sb0uld not be construed in any way as a release or recision of the
obligations of any surety bonding parties tinder file reqnirements of tile State Oil and Gas Lease, Board Rules or tiffs assign;r.:nt. (All lessees are ultimately responsible for tile performance tinder tile lease
and de£anlt subjects the entire lease to forfeitnre notjust the interest related to any performance obligation considered to be n default,) ' '
3. A signed original and one copy of each assignment must be filed '.vifl~ ll~e Wyoming State Land and Farm Loan Office.
4. Each assignment, if approved, is recognized by the State as effective as of the date of approval by tile Director. Adequat{: b )nd ;nust be fi~mished covering any and all productive zones prior to approval
of ally assignment of interest in all operating State oil and gas lease, whether wellbores exist on tim leased lands or not, ar, d in 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 Ilia. one pally in interest to this ass gmnent, tbea all snch parties in interest must sign tile docmnent beforr: ;ssigmnent approval ',',,ill be given.
6, The appropriate legal description of the conveyed lands interest must be given,
7. Assignments crealiag a separate (reissne) lease sobject to the niles and regulations governing all State of Wyoming Oil & T;:ts Lease do not change tile tenns and conditions of the original lease, the lease
annwersary date, nor tile obligntions and anniversary date of the lease created therefrom being considered as if it had bee: q:sued on the effective date of the original lease. (See Board Rnles, Chapter 6,
Section A.)
8. Coqmratinns, limited liability companies, and limited partnerships must be qualified with the Wyoming SecretaD, of States Office and genet:al partnership papers are required to be filed with the State Lmld
and Farm Loan Office prior to, and as a condition of Board approval of any assignment. '
9. Assignments will not be coosiderefl for approval where assignor or any assignee cnrrently has a delinquent (late) royalty ,~: ':ental payment obligation(s) for any State snbsurface resource lease.