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HomeMy WebLinkAbout876033 State of Wyoming Effective I 1/86 Board of Land Commissioners Return to: Fo,m ~4L-2 Oil & Gas Lease Interest Assignmeat (Revised 4-96) State Land & Farm Loan Office Fili,g Fee - $25.00 Non-Refundable 122 West 25th Street Herschler Building. 3 West Cheyetme, WY 82002-0600 Wyoming Oil & Gas Lease Serial Number. 00-00428 Assignment Approv 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 in this lease, described in particular if less than the total leasehold F Tract 4i (formerly W2 Section 15) Tract 37 (fom~erly NW Section 22) , Lincoln County, WyomJ,g 479.84 acres, more or less For good and valuable consideration, hereby assigns to: *****************************,****************************************** 1) ASSIGNEE, with name and address at: [!'.; .i i'-; r"i O O .... i ,.:' Condor Exploration, LLC ~,i" ..... " ?' '"' 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 name and address at: percent interest in the total leasehold, or as described in particular above. ~i 5) ASSIGNEE, with name aud address at: ~ percent interest in the total leasehold, or as described in particular above. and reserving unto ASSIGNOR, 0.5000% Overridin~ Royalty Interest This assignment is subject to any existing overriding royalties previously reserved. Rese~ '/ations of overriding interests must be approved by the Director, and any such approval is subject to the condition that overriding royalties msy be canceled by the Board of Land Commissioners if it finds that such overriding royalties "create a burden on the lease which prevents or unreasonably interferes 'with its development. ASSIGNOR certifies by signature on reverse, that ASSIGNOR is the owner of the interes,, above herein transferred, and ASSIGNEE(S) certify(les) by signing on the reverse that this assignment constitutes a binding acceptance of ail 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 1 __ of 2 of Lease # 00-00428. assignment dated.. November 27, 2000 ' SIGNED AS TO'TRANSFER AND ACCEPTANCE this 27th day of November 20 00 "~".' '" . ~ i y-..~rpli4,V. 'lh}gme~ ..... ~ .................... By- Nixon Laf, ge ..... / Title - President Title - Manager , Attest - , A~est - Title - Attest - Thip~instrument~w~s a~owledged before me this ay of ~C ~'~-' 2000, by Joseph W. Thames, President of Baseline Minerals, Inc. No'i~ry Public STATE OF COLORADO CITY AND COUNTY OF DENVER .... r, ',7, ~c34'\ l'~/~3"3~/~ 2000, bv'Nixon Lange Manager of Condor Exploration, LLC. It¢? instrument was ~kngwledg~d before me this day of Assiffnment Requirements Note: A~ssigmne, $ ore no! Ya d nnti ~a~I93L~L'O¥ the Directo_r. State Limd and Farm Loan Office as ner State 0il & Gas Lease Tern::.:, and anor~va] is solely for adinhfistrative otlrooses and should not be interoreted as wmxanty thai any party to ibis assigmnent holds legal or eqtdiable interest in tiffs lease. Assianm~nts wlfi¢~ do not meet the ret~uh~![3e.i~t' I sled be ow and tho$o in t ~e Lease and Ru|es will b~ rehml~,~d_kman~rov~d, I. This form must be colnpleted and submitted for m~y assigmnent of State O l & interest. Gas Lease leasehold interest tmdivided or div/:led as to separate tracts, formations, zones or deposits, and for overriding royalty 2. Assiguments oflesstban a 0 o . . . ': . . I .0 ¼ leasehold interest, do not reheve tbe assignor of the obligations as a lessee under the tern :: of the lease regarding the interest com.'eyed uoless the State first has in hand, a writteu agreement to be bound as lessee for all obligations under the lease for the assigned portion from the assignee. 'rhi; reqnirement should not be construed in any way as a release or recision of the obligations of any surely bonding part/es under the requirements of the Stale Oil and Gas Lease, Board Rules or this assignn ,:at. (All lessees are nltiomtely responsible for tbe performance nnder t ~e lease, and defanlt subjects tile entire lease to forfeitnre notjnst the interest related to any performance obligation considered to be :n default.) . 3. A signed orighml and ccc copy of eacl/assigmnent must be filed with the 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 the Director. Adequate 5md must be famished covering any and all prodnetive zones prior to approval of any assignment of interest in an operating State oil and gas lease, whether wellbores exist on the leased lands er not, an: n no case'can drilling operations, including to prospectively productive zones under operating leases, begin witbont a bond first being in place. 5. If there is more than ccc party in interest to tiffs ass gnment then all such parties in interest must sign the document before ~ssignment approval will be given. 6. The appropriate legal description of the conveyed lands interest must be given. 7, Assigmnents creating a separate (reissue) lease subject to the roles and regulations governing all State of Wyomfng Oil & C: s Lease do not change the tenns and conditions of the original lease, Ibc lease amfiversa~3, date. uor the obligations aud aoniversary date of the lease created therefrom being considered as if it bad been' ssned on the effective date of the original lease. (See Board Rnles, Chapter 6, Section A.) 8. Coq)orations. li~4ted liability co npanies, and Ihn/ted partnerships lnust be qaalified ~vith the Wyoming Secretary of States Ci:Sce m~d g~ner.;l parmerslfip papers are required to be filed witb the State Lant$ and Farm LCd, Office prior to, dud as a condition of Board approval of day assigmnent. 9. Assignmants will not be considered for approval where assignor or any assignee currently has a delinqaeut (late) royalty or !:enlal payment obligation(s) for any State subsurface resource lease.