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HomeMy WebLinkAbout876032 State of Wyoming Effective 11/86 Board of Land Commissioners Return to: Form ML-2 Oil & Gas Lease Interest Assignlm at State Land & Farm Loan Office (Revised 4-96) 122 West 25th Street Flhng Fee - $25.00 Non-Refundable Iterschler Building, 3 West Cheye~o, WY 82002-0600 Wyoming Oil & Gas Lease Serial Number 00-00427 Ass/~ment Approw~Date ASSIGNOR, with name and address at, Baseline Minerals, Inc. 1645 Cou~ Place, Suite 422 Denver, CO 80202 being the owner of i00 percent LEASEHOLD - (Type Interest Leasehold/Operati~.g Rights/Overriding Royalty) interest in this lease, described in particular if less than the total le~ehold Township22 North, Range IIOW~sLa"'P.M, ~.;, ~ .... Tract 52 (formerly N2, SE Section 3) ' i(l OOI~ _._PR PAGE Lincoln Counly, Wyo~ning 480,14 acres, more or less For good and valuable consideration, hereby assigns to: ************************************************************************ 1) ASSIGNEE, with name and address at: Condor Exploration, LLC ' 7538 South Salida Court Aurora, CO 80016 100 percent interest in the total leasehold, or ~ 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: ~.i 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. ReserTations of overriding interests must be approved by the Director, and any such approval is subject to the condition that overriding royalties nqi~.y 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~/~onably interferes with its development. ASSIGNOR certifies by signature on reverse, that ASSIGNOR is the owner of the interesli' 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 Chapt~!r 6, Leasing of Subsurface Resources. ThisJbrm may be duplicated. If space is needed~r additional assignors or assignees submit copies of this form only. Page I of 2 of Lease t4 00-0042~ assignment dat~!:t November 27, 2000 SIGNED AS TO TRANSFER AND ACCEPTANCE this 27th day of November 20 00 ASSIG~'~l'~'~?aselineMin/~s/~c. /' '"'(".:.":, ~:.,.],,t~?ignee(1)_...CondorExploration, LLC Title- President ] Title- Manager Attest - . [ Attest - ~ ' 7 - Assignee (2)- ay- OB '?[;O3 Title - Attest - lhls ihs!rumeBt, ~ aeOns}edged before me this~¢~day ~O~..~n~~2000 by ]m. eph W. Thrones, President of Baseline Minerals, Inc. ~otary P~blic ) ' My ommission Expires: STATE OF COLORADO CITY ANO csU' ¥V or Oz..wa This instrd~tniwa~c ged before me this ~ dayof O~J~2OOO,~yNixonLange, manager of Condor Exploration, LLC. Assionment Requirements Note: A__s.s~!_ne ~t.s a '~e lot v~alid n, til___approved by the Dir,cj_or, Slate Land and Fao.o_Loan Of/ice as per State Oij.& Gas Lease Tenn2; and approval is soleil, for administrative pta'poses and ~hould not be interpreted as waa'at~ v that any party t~ent holds legal or * u~ble interest in this leas~, Assimunents wb,/ch do not meet the requ!r_e::~ents listed below and rose in the Lease and Rules will be retry-ned una~omved~ 1. This form must be cmnpleled and submitted for m~y assignment of Slate Oil & Gas Lease leasehold/merest, tmdivided or di'&P,d as to separate tracts, formations, zones or deposits, and for overriding royalty imerest. 2. Assignmeots of less than a 100% leasehold interest, do not relieve the assignor of the obligations as a lessee trader the tenffs of tile lease regarding the interest conveyed unless tire State first bas in hand, a wrilten agreement to be bonnd as lessee for all obligations trader the lease for the assigned portion from the assignee. Tl~i:; requirement shonld not be construed in an)' way as a release or recision of file obligations ofaoy snre~y bonding parlies under the requirements of the State Oil and Gas Lease, Board Rules or this assignment. (All lessees are ultimately responsible for the performance under the lease and defanlt subjects tim entire lease to forfeiture notjust the interest reined io any pe~fot~nance 0blignti0a cbnsidered ~o be in defaUit.) '. ' 3. A signed original and one copy of each assignment must be filed with tile Wyoming State Land and Farm Loan Office. ~" 4. Each assignnrent, if approved, is recognized by the State as effective as of the date of approval by the Director. Adequate b~nd inest be fomisbed covering any and all producti~:e zones prior to approval of any assignment of interest in an operating State oll and gas lease, whether wellbores exist on the leased lands or not, mi'd in no case .can drilling operations incloding to prospectively productive zones trader operat lg lenses, begin without a bond first being in place. , 5. If there is more than one parly in ioterest to this assigmnent, then all such parties in interest ~nust sign the document befor",: a!ssignment approval will be given. 6. The appropriate legal descriptioo of the conveyed laods interest must be given. 7. Assignments creatiog a separate (reissue) lea'se subject to the roles and regulations governing all State of Wyoming Oil & Gas Lease do not change the terms and conditions of the original lease, the lease anniversary date, nor the obligatious and anniversa~ date of the lease created therefrom being considered as if it had bee:: i; sued on the effective date of the original lease. (See Board Rules, C ~apter 6, Section A.) 8. Co~poratio6s limited liability co npanles and li~nited partnerships must be qualified with the Wyoming Secretary of States O?ice and general partnership papers are reqoired to be filed with the State Land and Fatal Loan Office prior to, and as a conditinn of Board approval of any assigmnent. 9. Assibmments will ~mt be considered for approval where assignor or any assignee currently has a delinqueot (late) royalty c~' ~ental payment obligation(s) for any State sobsurface resonrce lease.