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Effective 11186
State of Wyoming
Board of Land Commissioners
Oil & Gas Lease Interest Assignment
000209
Form ML-2
(Revised 4-96)
Filing Fee - $75.00 - Non Refundable
Return to:
State Land & Farm Loan Office
122 West 25th Street
Herschler Building, 3 West
Cheyenne, WY 82002-0600
Wyoming Oil & Gas Lease Serial Number 05-00165 #181 Assignment Approval Date -
APPROVED
UEC 0 6 lOOS
ASSIGNOR, with name and address at,
Nevada Petroleum Corporation
1345 NW Wall Street, Suite 100
Bend, OR 97701
being the owner of 8% LEASEHOLD interest in this lease, described in particular if less than the total leasehold as:
(Type Interest: Leasehold/Operating Rights/Overriding Royalty)
Lot 44 - 23N- 115W: (aka All Sec 36)
LINCOLN County, Wyoming
640.00 Acres, more or less
For good and valuable consideration, hereby assigns to:*************************************
RECEIVED 1/12/2007 at 10:34 AM
RECEIVING # 926046
BOOK: 646 PAGE: 209
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
1)
ASSIGNEE, with name and address at:
Palace Exploration Company
6100 South Yale A venue, Suite 1700
Tulsa,Oklahma 74136
95% interest in the total leasehold, or as described in particular above.
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ASSIGNEE, with name and address at:
Zeneco, Inc. (formerly known as RZ, Inc.)
6100 South Yale A venue, Suite 1700
Tulsa,Oklahma 74136
5 % interest in the total leasehold, or as described in particular above.
and reserving unto ASSIGNOR an overriding royalty interest equal to the differ811Q8 IMM~~ .Ie" ~;;''';';1
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burdens and 20%, thus delivering an 80% NRI in the total leasehold, or as descrlp ~a cJ~e~~¡
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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 may be cancelled 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 interest above herein
transferred, and ASSIGNEE(S) certify(ies) 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.
Thisform may be duplicated.·
If space is needed for additional assignors or assignees submit copies of this form only.
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Page! of ~ of Lease #05-00165 # 181 assignment dated
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SIGNED AS TO TRANSFER AND ACCEPTANCE this
day of
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By: By:
Pat'
Vice President
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:... LU a:
e - President
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COU~JY;;OIe:f)e~cl1 ~
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This instrume~was acknowledged before me this L day of ø~
Gisler, {
, 2006, by Patrick M.
of Nevada Petroleum Corporation.
My Commission Expires: Ol"'~
My Commission Expires:
9-1-09
¡~ OFFICIAL SEAL \(!
{) ALYCE M LARSEN iJ
~. . NOTARY PUBLIC-OREGON H
I) . COMMISSION NO. 364338 (,\
2~oJ
, 2006, by Robert M. Zinke, Vice
ANNE LINTON
Notay PubÌÕ~'
S_ cfOldlhom.
TULSA COUNTY
~1IIon'Ot012ee2
I: Sepeember " 2009
"t.,:þ.~~~~:r~~:3¿::.:~:·:~. -
STATE OF OKLAHOMA
COUNTY OF TULSA
This instrument was acknowledged before me this ''0 \~ day of
President of Palace Exploration Company and as President of Zenergy,
1) This fonn must be completed and submitted for any assignment of State Oil & Gas Lease leasehold interest, undivided or divided
as to separate tracts, fonnations, zones or deposits, and for overriding royalty interest.
2) Assignments of less than a 100% leasehold interest, do not relieve the assignor of the obligations as a lessee under the terms of
the lease regarding the interest conveyed unless the State first has in hand, a written agreement to be bound as lessee for all
obligations under the lease for the assigned portion from the assignee. This requirement should not be construed in any way as a
release or recision of the obligations of any surety bonding parties 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 default subjects the
entire lease to forfeiture not just the interest related to any performance obligation considered to be in default.)
3) A signed original and one copy of each assignment 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 bond
must be furnished covering any and all productive zones prior to approval of any assignment of interest in an operating State oil
and gas lease, whether weIlbores exist on the leased lands or not, and in no case can drilling operations, including to
prospectively productive zones under operating leases, begin without a bond first being in place.
5) If there is more than one party in interest to this assignment, then all such parties in interest must sign the document before
assignment approval will be given.
6) The appropriate legal description of the conveyed lands interests must be given.
7) Assignments creating a separate (reissue) lease subject to the rules 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 obligations and anniversary
date of the lease created therefrom being considered as if it had been issued on the effective date of the original lease. (See Board
Rules, Chapter 6, Section A.)
8) Corporations, limited liability companies, and limited partnerships must be qualified with the Wyoming Secretary of State's
Office, and general partnership papers are required to be filed with the State Land and Farm Loan Office prior to, and as a
condition of Board approval of any assignment.
9) Assignments will not be considered for approval where assignor or any assignee currently has a delinquent (late) royalty or rental
payment obligation(s) for.any State subsurface resource lease.
Page 1 of 1 of Lease #05-00165 #181 assignment dated
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