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HomeMy WebLinkAbout876039 State of Wyoming Effective 11/86 Board of Land Commissioners Return to: Form ML-2 Oil & Gas Lease Interest Assignmt!at State Land & Farm Loan Office (Revised 4-96) 122 West 25th Street Filing Fee - $25.00 Non-Reftmdable Herschler Building, 3 West Cheyenne, WY 82002-0600 Wyoming Oil & Gas Lease Serial Number 01-00009 Assi~nent 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: LeaseholgOperating Rights/Ove~iding Royal~) interest in this lease, described in particular if less than the total leasehold ~: s¢~tlo, ~: N2sw 500 ....... PR PAGE ....... Lincoln County, Wyoming 80.00 acres, more or less 1) ASSIGNEE, with name and address at: L) ~: ~ ~ O ~ Englewood, CO 80111 100 percent interest in the total leasehold, or as described in particular above. ' 2) ASSIGNEE, with nmne 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 iii particular above. 5) ASSIGNEE, with name and address at: .. percent interest in the total leasehold, m' as described in particular above. and reserving unto ASSIGNOR, 0.5000% Overriding RoyalW Interest This assignment is subject to any 9xisting 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 may be canceled by the Board of Land Commissioners if it finds that suc!~ 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 all 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. ThiEf btm may be duplicated. If space is needed for additional assignors or assignees submit copies of this form only. Page 1 . of 2 of Lease # 01-00009 assignment da!ed February 8, 2001 SIGNED AS TO TRANSFER AND ACCEPTANCE this 8th day.of February 20 01 ,'A'~GNO, i~- Baselir)e/fi(4/n/rals, Inl/f : - ' ~ ........ Assignee (1) --C. ondor ~hQ~e~~j~ ' Exploration, LLC Title - President Attest - Attest - Assignee (2) - Title - ' Attest - ~h - · .. g'.. This ~stru~.=~nt ~adkOledg~d before me this Sth day of Febru~, 2001, by Joseph W. Thames, President of Baseline Minerals, Inc. '~ ~;./.;~ '" C'tE- (~."L_ My Commission Expires: - U' (~/~. Notflry Public COUNTY OF ~ ' ~ This inst,'umen~ ~as ~n l~ed 'b~re me this . day of ~/~f~ · ~ .... 2001, bY Nixon Lense, Manager of Condor Exploration, LLC. '"~ "~ '~"'( Mv Commission Expires: N~ Fublic · - ' --' -- Asslgnmenl Requiremenls Note: Assignme~a s are noCY0!~.antiI approved by tl~e Director. State Laad and Farm Loan Office az per State Oil & Gas L¢0se Tm~ and approval is solely for administrative purposes and should laot be interpreted as wan;millibar any party to this a__ssig 1 nent bo.l_ds ega[ or equitable interest in thi~ lease. Assimunents which do not meet fl:e ic.quircments listed below and tl-~;~¢ in the Lease and Rules will be rct~mted ~maonroved I. I'his £erm nmst be completed and submitted for any assignment of State Oil & Gas Lease leasehold interest, tmdlvided or dix~d~:~d as to separate tracts, formations, zones or deposits, and for overriding royally interest. 2. Assignments of less than a 100% leasehold interest, do not relieve the assignor of the obligations as a lessee under the termi: of the lease regarding the interesl conveyed unless the Slate first l;as in band, a written agreement to be bound as lessee for all obligations ander tbe lease for the assigned portion from the assignee. This ~equirement should not be constrned in any way as a release or recision of the oNignlions of any surety bonding parlies tinder lbo requirements of the State Oil and Gas Lease, Board Rules or this assignment. (All lessees are nltimately responsib e for the performance under the lease, mid defanlt subjects the entire lease to forfeiture not just the interest related to any performance obligation considered to be :in default.) 3. A signed orighlal and one copy of eaeb assigmnent must be filed with the Wymning State Land and Farm Loan Office. 4. Each assigament, if approved, is rec'ognized by the State as effective as of the date of approval by the Director. Adequate band mnst be fimished covering any and all productive zo,es prior to approval of any assignment of interest in an operettas State oil and gas lease, whether wellbores exist on die leased lands or not and :ih ac case can drilling operations, including to prospectively prodnct/ve zones nnder operating leases, begin without a bond first being iii place. ' ' 5. If lhere is mole than cae pm~y in interest to this assignunent, then all such padies in ioterest must sigm the docnment before[a;i, signment approval will be given. 6. The appropriate legal description of the conveyed lands interest most be given... 7. Assignments creating a separate (reissue) lease snbject to the rides and regnlations governing all State of Wyom/ng O{I & G:,~ Lease do not change the terms and conditlo,s of tbe original lease, the lease anaiversary date, nor the obligations and anniversary date of the lease created tberefrmn being considered as if it had beex~ ismed on the effective date of the otis/hal lease. (See Board Rnles Chapter 6, Section A.) , 8. Co )~o 'ations, limited liability companies, and limited parhlersbips mnst be qualified with the Wyoming Secretary of States (.4flee and g~nefal paanership papers are required to be filed with the State Land and Farm Loan Office prior to, and as a coodltion of Board approval of any assigmneot. ' 9. Assignments will not be considered for approval where assignor or any assignee currently has a delinqnent (late) royalty ct Iuntal payment obligation(s) for an), State subsnrfaee resooree lease.