HomeMy WebLinkAbout876038 State of Wyoming
Effective 11/86 ' Board of Land Commissioners Return to:
Form ML-2
(Revised 4-96) Oil & Gas Lease Interest Assignme.lt State Land & Farm Loan Office
F/ling Fee - $25.00 Non-Refimdable 122 West 25th Street
Herschler Building. 3 West
Cheyenne, WY 82002-0600
Wyoming Oil & Gas Lease Serial Number 01-00010 Assigmnent Approw:{Date
ASSIGNOR, with name and address at,
Baseline Minerals, [nc.
1645 Court Place, Suite 422
Denver, CO 80202 , ,
being the owner of I00 percent _LEASEHOLD
(Type Interest: Leasehold/Operating Rights/Overriding Royalty)
interest in this lease, described in particular if less than the total leasehold as:
Tow_._~asl~ip 24 Nortl3, RanggJ 15 West, 6~1' P.M,
Trac! 43 (formerly ALL Section 16)
Linco ,County Wyoming ~3(?OK---.4-~,-,-~Pl~( PAGE 1. 7 3
640.00 acres, more or less
For good and valuable consideration, hereby assigns to:
l) ASSIGNEE, with name and address at: ~:71 ~)' ["; ~") ''~ '"
Condor Exploration, LLC ,'
7720 E, Belleview Avenue, Suite B-102
Englewood, CO 8011 l ,~.
100 percent interest in the total leasehold, or as described i~ 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 arid 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% OverridinK Royalty Interest
This assignment is subject to any existing overriding royalties previously reserved. Reservations of overriding interests must be approved by
tire 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 royaltie~ 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 interesl above herein transferred, and ASSIGNEE(S)
certify(les) by signing on the reverse that this assigmnent constitutes a' binding acceptance i)f all' the terms, conditions, stipulations, restrictions
and statutes governing the lease described above, and of the Rules of the Board, at Chaptvi' 6, Leasing of Subsurface Resources.
7hisJbrm may be duplicated.
If space is needed for additional assignors or assignees submit copies of this form only. ·
Page 1 of 2 of Lease # 01-00010 assigmnent dat}~d Februarp 8, 2001
SIGNED AS TO TRANSFER AND ACCEPTANCE this 8th, day of. Fe~¢.!:uary 20 01
AS 9-Baselin¢~'Iinerals, Inc.
/ .x, //n Assignee (1) - Condor Exploration, LLC
,,.., :. ;'i~!'., By - Nixon Lang
Title - President Title - Manage:,.
Attest- Attest-
Assignee (2)- (.}--$';J"[fi.O,~ I. ? 4
By-
Title -
Attest -
/! ., :..':~.
ex".'o ~ ',);
This in4stmn-ient,:.~,v~s a~ .e~o'~!~,~ed before me this 8th day of February, 2001, by Joseph W. Thame: President of Baseline Minerals, Inc.
//,. ".:' :'?!' ." .........
: '~"~"('~' ~;"'": ~[::"~. "~ My Commission Expires:
Notary Public ' '"
This instrumen[?,vhs a~O~g;d before me this fl ~':L
.-... O?~_ . dayof ~"'}~/'[~'t~2001, byNixonLange, Manager ofConaor Exploration, LLC.
Not~gy Public
Assignment Requirements
Note: ~As~_t,~are not valid ~Lapproved by ~ ~e Director_,._State Land and Farm Loa~ Office as net State Oil & Gas Lease Tem[; and at~oroval is solely for a&tlbfistrative ottrllosea and should not be intemret~[
~ w~arran!y ti_at a~v party to l!!B.&ssi~ment holds legal or e~uitable interest in tiffs lease. Assi~mnents wlfich do not meet the reouire.. 3cots listed below and those in the Lease and Rules will b~ retraced ~mllppmved
1. This form most be completed and submitted for any assigmnent of State Oil & Gas Lease leasehold interest~ tmdivided or divi~ .~d as to separate ixacts formations zones or deposits, and for overriding royally
2. Assigmnents of less than a 100% leasehold interest, do not relieve the assignor of tbe obligations as a lessee under the tern: s of the lease regarding the interest conveyed unless the State first has in hand,
a written agreenleot to be bound as lessee for all obligations nnder the lease for the assigned portion fiom the assignee. Th;; reqidrement should not be construed in any way as a release or recision of the
obligations of any sorely bonding parties under the requiraraents of the state Oil and Gas Lease, Board Rules or this assigm: enl. (All lessees are oltimately responsible for the performance under the lease,
and dethalt subjects the entire lease to forfeiture not just the interest related to any performance obligatiou considered to b~ in default.)
3. A signed original and one copy of each asslgmnent lnust be filed with the Wyoming State Land and Farm Loan Office.
4. Eanh ass gnmeot, if approved, is reoognized by the State as effective as of the date of approval by the Director. Adequate hood must be furnished covering any and a productive zones prior to approval
of any assignment of interest in an operating State oil and gas lease, whether wellbores ex/st on the leased lands or not an:! in no case can drilling operat'ons, including to prospectively productive zones
under ope 'ating leases, begin without a bond first being in place. ' '
5. If there is more than one part}, in interest to t ~ s assignment, 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. Ass!gnraents croat tg a separate (reissue) lease subject to the niles and regulations governing all State of Wyoming Oil & (,:s Lease do not change the terms and conditions of the original lease, the lease
anmversary date, nor the obligations and anniversaW date oftl~e lease created therefrom being considered as ifil had been -;sued on the effective date of the original lease. (See Board Rules, Chapter 6,
Section A.) .
8. Coq~orntlon~, limited liability companies, and litnited partnerships must be qualified with the Wyoming Secretary of States'C:fice, and general padnersbip papers are reqnired to be filed with the Slate Land
and Farm Loan {)fflee prior to, and as a condition of Board approval of an5, assignment.
9. Assignments will not be considered for approval where assig~or or any assignee currently has a delinquent (late) royalty o: .'ental payraent obligatinn(s) for any State subsnrface resource lease.