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Home My WebLink About926048 Effective 11/86 State of Wyoming Board of Land Commissioners Oil & Gas Lease Interest Assignment 000213 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 _~ iDEe 0 6 1006 ASSIGNOR, with name and address at, Horsetrap Partners, LLC 2371 Brogjtpm Circle Medford, OR 97504 being the owner of ~ 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:*·,·'u,...............,.,"''''''''''*********************** RECEIVED 1/12/2007 at 10:35 AM 1) ASSIGNEE, with name and address at: RECEIVING # 926048 Palace Exploration Company BOOK: 646 PAGE: 213 6100 South Yale Avenue, Suite 1700 JEANNE WAGNER Tulsa,Oklahma 74136 LINCOLN COUNTY CLERK, KEMMERER, WY ~./ ,---, l / 3{o 2) 95 % interest in the total leasehold, or as described in particular above. ASSIGNEE, with name and address at: Zeneco, Inc. (formerly known as RZ, Inc.) 6100 South Yale Avenue, Suite 1700 Tulsa,Oklahma 74136 5% interest in the total leasehold, or as described in particular above. This assignmencis subject to any existing overriding royalties previously reserved. Reservations of overriding interests must bé' 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. This form may be duplicated. If space is needed for additional assignors or assignees submit copies of this form only. Net) bioelq6 Page! of ~ of Lease #05-00165 #181 assignment dated ~. ~_ ..... 1'-' ........ ...'" " O'()¡·-".r.· - '..',(<4 '"~ SIGNED AS TO TRANSFER AND ACCEPTANCE this dayof~. 2006. STATE OF COUNTY OF Company Assignor - HORSETRt ~RS. LCC By: ~ - ~ /?h'-""--- / By: ~ Vice ~er' ~ e - President :') 1 ..,,,./. 04" This instrument was acknowledged before me this -'d..- day of -LJtt'1 , 2006, by P~'I \ A,\,h~"" of Horsetrap Partners, LLC. ¡: ~ N My Commission Expires: 3' 2.J}'c>l 1?-. 01- Notary Public ~ . OFFICIAL SEAL if) STATE OF OKLAHOMA ~ . . '¡. NOTA~~~~B8~~~~EGON ~ COUNTY OF TULSA ....... .,/.. COMMISSION NO. 367065 (;....a MV COMMISSION EXPIRES MARCH Z7. Z001 This instrument was acknowledged before me this 1:>\ ~ day of , 2006, by Robert M. Zinke, Vice- President of Palace Exploration Company and as Preside t of Zener My Commission Expires: 9-1-09 ASSIGNMENT REQUIREMENTS Note: Assignments are not valid until approved by the Director. State Land and Farm Loan Office as oer State Oil & Gas Lease Terms, and aporoval is solely for adlninistrative purposes and should not be interpreted as warrantv that any oartv to this assignment holds legal or equitable interest in this lease. Assignments which do not meet the requirements listed below and those in the Lease and Rules will be returned unapproved. I) This form must be completed and submitted for any assignment of State Oil & Gas Lease leasehold interest, undivided or divided as to separate tracts, formations, 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 notjust'the interest related to any performance obligation considered to be in default.) 3) A signed original and one copy 9f each assignment must be filed with the Wyoming State Land and Farm Loan Office. 4) Each assignment, if approved, i~ 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 wellbores 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 assignmenl dated ~ "'\ ".... t. "i- ",f:.,b 1 "