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HomeMy WebLinkAbout876031 State of Wyoming Effective 11/86 Board of Land Commissioners Return to: Iro,m ML-2 Oil & Gas Lease Interest Assignment State Land & Farm Loan Office 122 West 25~h S~reet (Revised 4-96) Herschler Building, 3 West Filing Fee - $25,00 Non~Refundable Cheyenne, WY 82002-0600 Wyoming Oil & Gas Lease Serial Number 00-00426 Assignment Appro},.~i 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/Operating Rights/Overriding Royalty) interest in this lease, described in particular if less than the total leasehold as: Tract 53 (/bm~erly SW Section 2) ~'~ Tract 51 (!btmerly NE Section 4) Lincoln County, Wyoming 320.25 acres, more or less ' F~ C.-./~... ~ .' 1) ASSIGNEE, with n~ and ~ddress 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 interest in the total leasehold, or as described in particular above. 4) ASSIGNEE, with nmne 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. Reservations 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 Unre~.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(les) by signing on the reverse that this assignment constitutes a binding acceptance of all t'he terms, conditions, stipulations, restrictions and statutes governing tile lease described above, and of the Rules of the Board, at Chag~ter 6, Leasing of Subsurface Resources. 7his 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 # 00-00426 assignment da.'~i~d November 27, 2000 SIGNED AS TO TRANSFER AND ACCEPTANCE this 27th day of__ 1x' ovember 20 00 ASSIC~R -'~Baseline Mine~'~ls//]nc "i" ,'.,i.~ ~ Assignee (1).--(:ondor Exploration, LLC Attest - Attest - Assignee (2) - Title - Attest - Thist~St~[~ent~hs ~kn0Medged be'fore me this,~ / day of }t ~ '~ 2000, by :meph W. Thames, President of Baseline Minerals, Inc. STATE OF COLORADO ~ CITY AND CO:UI~TY OF i)ENVER before ~ne this day of~ ~ ~/2r~ ¢ 6/~btL.<,~2000, by Nixon Lange, Manager of Condor Exploration, LLC. Assi~,nment Requirements Note: Ass~Lments are m! v_glid t nfil approved by the Director, State Land an~l Farm Loan Office as per Slate 0il & Gas Lease Ter gi:__~d avoroval i~ solely for achninistrative otu'~oscs and shottld not be interpreted a_s warranty thai any party to this assi~mnent holds le~tal or equitable interest in fids lease. Assienments wit/eh do not meet the requ:~_e:~ents listed below ~nd those in the Lease and Rul0s will be returned anapproved 1. interest.This form must be completed and submitted for auy assignment of State Oil & Gas Lease easehold interest, tmdivided or di d~. ~d as to separate lxacts, formations, zones or deposits, and for overriding royalty 2. Assignments of less than a 100% leasehold interest, do not relieve tI~e assignor of the obligations as a lessee under the tea:n_, of>be lease regarding the interest conveyed nnless the. State first has in band, a written agreement to be bound as lessee for all obligations tinder the lease for the assigned poi'lion frotn the assignee. ~fl~i:; requirement should not be constn~ed in any way as a release or recision of the obligatioi~s of any surely bonding parties tinder the reqinrements of/he State Oil and Gas Lease, Board Rules or this assignm, nt. (All lessees are oltimately responsible for the performance under the lease, and default subjects the entire lease to forfeitare not just the interest related to any performance obligation considered to .: e .n default.) . 3. A signed original and one copy of each assignment must be filed with the Wyolning State Land and Farm Loan Office. 4 Each assignmant, if approved, is recognized by the State as effective as of the date of approval by the Director. Adeqnat~ 1 ,>nd must be furnished 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 the leased lands or not, a~:d n no case can drilling operations, including to prospectively productive zones uuder operatiug leases, begin witlmut a bond first being in place. · 5. If there is more than one part), in interest to this assignment, then all such parties in interest must sign the document before :~ssigmnent approval will be given. 6. The appropriate legal description of the conveyed lands interest must be given. 7. Assignments creating a separate (reissue) lease subject to the rides and regulations governing all State of Wyoming Oil & :3~.s Lease do not change the terms and conditions of>be original lease, the lease annlversm3,Sectian A,) date, nor the obligatious and almiversary date of>be lease created therefrom being cousidered as if it had beer/::stied on the effective date of the original lense. (See Board Rules, Chapter 6, 8. Cmporations, li~ited liab ty companies, and limited partnerslfips must be qualified with the Wyoming Secretary of States O.~4ce and general partnership papers are required to be filed with the State Land and Farm Loan ~ffice prior to, and as a condition of Board approval of any assignment. 9. Assignmeuts will not be considered for approval where assignor or any assignee currently has a delinqueut (late) royalty ,;r rental pa)anent obligation(s) for an)' State subsurface resource lease.